NetEase (NTES) EBT Margin (2009 - 2026)
NetEase (NTES) posted EBT Margin of 43.7% for Q1 2026, up 57.98% on a QoQ basis from 27.66% in Q4 2025, and up 51.0% year-over-year from 28.94% in Q1 2025.
NetEase (NTES) EBT Margin (2009 - 2026) Analysis & Trends
NetEase's EBT Margin history runs 18 years deep, the most recent figure standing at 43.7% for Q1 2026.
- Quarterly EBT Margin rose 51.0% year-over-year to 43.7% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 36.54% (up 31.0% YoY) and the FY2025 annual result came in at 36.25%, up 233.0% from the prior year.
- EBT Margin was 43.7% for Q1 2026 at NetEase, up from 27.66% in the prior quarter.
- Across five years, EBT Margin topped out at 43.7% in Q1 2026 and bottomed at 18.84% in Q4 2022.
- A 5-year average of 32.75% and a median of 33.37% in 2023 frame the typical range for EBT Margin.
- Annual changes were most pronounced in 2022 — EBT Margin jumped 1498 bps — and 2025, when it slumped 1086 bps.
- NetEase's EBT Margin stood at 18.84% in 2022, then surged by 51 bps to 28.54% in 2023, then surged by 35 bps to 38.52% in 2024, then fell by 28 bps to 27.66% in 2025, then soared by 58 bps to 43.7% in 2026.
- Business Quant data shows NTES's EBT Margin at 43.7% in Q1 2026, 27.66% in Q4 2025, and 35.65% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Electronic Arts | 52.46 Bn | 49.60 Bn | 1.76 Bn | 27.31% |
| 2 | Take Two Interactive Software | 48.15 Bn | 47.69 Bn | 938.70 Mn | -0.76% |
| 3 | Roblox | 33.85 Bn | 30.63 Bn | 1.15 Bn | -17.13% |
| 4 | Gdev | 2.31 Bn | 2.31 Bn | 85.00 Mn | 133.33% |
| 5 | NetEase | 2.16 Bn | -7,331,731.34 Bn | 3.06 Bn | 43.70% |
| 6 | Playtika Holding | 1.35 Bn | 575.11 Mn | 552.50 Mn | -9.91% |
| 7 | Gravity | 418.32 Mn | 418.18 Mn | 35,341.61 | 23.68% |
| 8 | Meridian Holdings | 152.70 Mn | 138.17 Mn | 28.14 Mn | 5.72% |
| 9 | Firy | 128.08 Mn | -57.32 Mn | 25.51 Mn | -37.35% |
| 10 | CTW Cayman | 118.94 Mn | 99.19 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 43.70% |
| Dec 31, 2025 | 27.66% |
| Sep 30, 2025 | 35.65% |
| Jun 30, 2025 | 38.18% |
| Mar 31, 2025 | 43.19% |
| Dec 31, 2024 | 38.52% |
| Sep 30, 2024 | 30.51% |
| Jun 30, 2024 | 31.90% |
| Mar 31, 2024 | 34.59% |
| Dec 31, 2023 | 28.54% |
| Sep 30, 2023 | 33.37% |
| Jun 30, 2023 | 36.95% |
| Mar 31, 2023 | 33.29% |
| Dec 31, 2022 | 18.84% |
| Sep 30, 2022 | 33.60% |
| Jun 30, 2022 | 24.75% |
| Mar 31, 2022 | 23.50% |
| Dec 31, 2021 | 27.06% |
| Sep 30, 2021 | 18.62% |
| Jun 30, 2021 | 22.36% |