NetEase (NTES) EBT Margin (2009 - 2026)
NetEase's (NTES) quarterly EBT Margin came in at 43.7% in Q1 2026, up 51.0% YoY from 28.94% in Q1 2025, and up 57.98% on a QoQ basis from 27.66% in Q4 2025.
NetEase (NTES) EBT Margin (2009 - 2026) Analysis & Trends
NetEase (NTES) has 18 years of EBT Margin data on file, last reported at 43.7% in 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 rose to 43.7% in Q1 2026, from 27.66% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 43.7% in Q1 2026 to a low of 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 tumbled 1086 bps.
- Tracing NTES's EBT Margin over 5 years: stood at 18.84% in 2022, then soared by 51 bps to 28.54% in 2023, then soared by 35 bps to 38.52% in 2024, then dropped by 28 bps to 27.66% in 2025, then jumped by 58 bps to 43.7% in 2026.
- The last three EBT Margin figures came in at 43.7% (Q1 2026), 27.66% (Q4 2025), and 35.65% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | NetEase | 81.06 Bn | -13,107,904.35 Bn | 3.06 Bn | 43.70% |
| 2 | Electronic Arts | 52.84 Bn | 50.56 Bn | 1.71 Bn | 26.69% |
| 3 | Take Two Interactive Software | 45.12 Bn | 43.29 Bn | 882.50 Mn | -3.21% |
| 4 | Roblox | 27.98 Bn | 24.96 Bn | 1.18 Bn | -12.46% |
| 5 | Playtika Holding | 901.68 Mn | 463.18 Mn | 538.20 Mn | 9.37% |
| 6 | DoubleDown Interactive | 640.97 Mn | 185.75 Mn | 71.22 Mn | 44.90% |
| 7 | Gravity | 491.91 Mn | 491.48 Mn | 34,891.11 | 20.06% |
| 8 | Sohu.com | 369.04 Mn | -463.94 Mn | 106.58 Mn | -4.90% |
| 9 | Gdev | 199.44 Mn | 199.44 Mn | - | - |
| 10 | Meridian Holdings | 170.85 Mn | 153.53 Mn | 26.85 Mn | 5.15% |
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% |