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

NetEase's Cost of Revenue history runs 18 years deep, the most recent figure standing at $1.4 billion for Q1 2026.

• Quarterly Cost of Revenue fell 4.94% year-over-year to $1.4 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $5.5 billion (changed 0.34% YoY) and the FY2025 annual result came in at $5.8 billion, up 6.32% from the prior year.
• Cost of Revenue was $1.4 billion for Q1 2026 at NetEase, down from $1.4 billion in the prior quarter.
• Across five years, Cost of Revenue topped out at $1.7 billion in Q4 2022 and bottomed at $1.3 billion in Q2 2024.
• A 5-year average of $1.5 billion and a median of $1.4 billion in 2025 frame the typical range for Cost of Revenue.
• Annual changes were most pronounced in 2022 — Cost of Revenue increased 15.67% — and 2023, when it declined 15.86%.
• NetEase's Cost of Revenue stood at $1.7 billion in 2022, then fell by 15.86% to $1.4 billion in 2023, then climbed by 1.8% to $1.5 billion in 2024, then retreated by 4.73% to $1.4 billion in 2025, then declined by 2.6% to $1.4 billion in 2026.
• Business Quant data shows NTES's Cost of Revenue at $1.4 billion in Q1 2026, $1.4 billion in Q4 2025, and $1.4 billion in Q3 2025.