NetEase (NTES) Cost of Revenue (2009 - 2026)
NetEase's Cost of Revenue came in at $1.31 billion for the quarter ended Jun 30, 2026, down 3.7% from $1.36 billion a year earlier and down 3.2% from the prior quarter.
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NetEase (NTES) Cost of Revenue (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, NetEase reported Cost of Revenue of $5.48 billion, down 2.2% year-over-year; for the year ended Dec 31, 2025, it was $5.75 billion, up 6.3% from the prior year.
- Cost of Revenue carries a five-year compound annual growth rate of -7.2% (years ended Dec 2020 to Dec 2025).
- Going back by year, Cost of Revenue was $5.41 billion in the year ended Dec 31, 2024 (-4.9%), $5.69 billion in the year ended Dec 31, 2023 (-10.2%), $6.34 billion in the year ended Dec 31, 2022 (-0.6%) and $6.38 billion in the year ended Dec 31, 2021 (-23.8%).
- The figure for the quarter ended Jun 30, 2026 represents the lowest quarterly Cost of Revenue since the quarter ended Jun 30, 2024.
- Year-over-year, Cost of Revenue has declined for three consecutive quarters, with an average decline of 0.5% over the last eight quarters.
- The fastest year-over-year change in Cost of Revenue over five years came in the quarter ended Sep 30, 2021 (growth of 26.6%), and the weakest in the quarter ended Dec 31, 2023 (a decline of 15.9%).
- Business Quant data shows NTES's Cost of Revenue at $1.35 billion (quarter ended Mar 31, 2026), $1.39 billion (quarter ended Dec 31, 2025) and $1.42 billion (quarter ended Sep 30, 2025) in the three quarters before the quarter ended Jun 30, 2026.
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NetEase Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=NTES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "NTES", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=NTES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();