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

NetEase (NTES) has reported Cost of Revenue for 18 consecutive years, with $1.3 billion the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Cost of Revenue fell 3.69% year-over-year to $1.3 billion; the trailing twelve-month figure through Jun 2026 stood at $5.5 billion (down 2.23% YoY), and the FY2025 full-year result was $5.8 billion, up 6.32% from the prior year.
• Cost of Revenue declined to $1.3 billion in Q2 2026 per NTES's latest filing, 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.
• Historically, Cost of Revenue has averaged $1.4 billion across 5 years, with a median of $1.4 billion in 2025.
• The sharpest annual moves came in 2022 and 2023: Cost of Revenue climbed 15.67% in 2022, then slipped 15.86% in 2023.
• Over 5 years, 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 dropped by 5.71% to $1.3 billion in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $1.3 billion, $1.4 billion, and $1.4 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.