NetEase (NTES) Cost of Revenue (2009 - 2026)

NetEase has reported Cost of Revenue for 18 years, with the latest figure at $496.8 million in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue rose 33.99% year-over-year to $496.8 million; the trailing twelve-month figure through Mar 2026 stood at $2.2 billion (up 21.64% YoY), and the FY2025 full-year result was $5.8 billion, up 196.76% from the prior year.
• Cost of Revenue for Q1 2026 stood at $496.8 million, down from $548.2 million in the prior quarter.
• The five-year high for Cost of Revenue was $622.8 million in Q3 2025, with the low at $370.8 million in Q1 2025.
• Historically, Cost of Revenue has averaged $498.0 million across 5 years, with a median of $494.7 million in 2025.
• The largest YoY upside for Cost of Revenue was 39.71% in 2025 against a maximum downside of 34.07% in 2025.
• NetEase's Cost of Revenue stood at $480.6 million in 2022, then climbed by 22.12% to $586.9 million in 2023, then sank by 33.14% to $392.4 million in 2024, then jumped by 39.71% to $548.2 million in 2025, then fell by 9.37% to $496.8 million in 2026.
• The last three Cost of Revenue figures came in at $496.8 million (Q1 2026), $548.2 million (Q4 2025), and $622.8 million (Q3 2025), per Business Quant data.