NetEase (NTES) EBT Margin (2009 - 2026)
NetEase's (NTES) quarterly EBT Margin came in at 31.97% in Q2 2026, down 621.0% on a YoY basis from 6.14% in Q2 2025, and down 26.85% quarter-over-quarter from 43.7% in Q1 2026.
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NetEase (NTES) EBT Margin (2009 - 2026) Analysis & Trends
NetEase (NTES) has reported EBT Margin for 18 consecutive years, with 31.97% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EBT Margin fell 621.0% year-over-year to 31.97%; the trailing twelve-month figure through Jun 2026 stood at 34.94% (down 278.0% YoY), and the FY2025 full-year result was 36.25%, up 233.0% from the prior year.
- EBT Margin eased to 31.97% in Q2 2026 per NTES's latest filing, from 43.7% 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.
- Historically, EBT Margin has averaged 32.71% across 5 years, with a median of 33.33% in 2023.
- The sharpest annual moves came in 2022 and 2025: EBT Margin surged 1498 bps in 2022, then plunged 1086 bps in 2025.
- Over 5 years, 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 increased by 16 bps to 31.97% in 2026.
- According to Business Quant data, EBT Margin over the past three periods registered 31.97%, 43.7%, and 27.66% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | NetEase | 73.81 Bn | 63.67 Bn | 3.13 Bn | 31.97% |
| 2 | Electronic Arts | 52.84 Bn | 50.56 Bn | 1.71 Bn | 26.69% |
| 3 | Take Two Interactive Software | 40.29 Bn | 38.47 Bn | 882.50 Mn | -3.21% |
| 4 | Roblox | 32.49 Bn | 29.45 Bn | 1.18 Bn | -12.46% |
| 5 | The9 | 3.01 Bn | 3.00 Bn | 319,000.00 | 4,572.61% |
| 6 | Playtika Holding | 881.03 Mn | 442.53 Mn | 538.20 Mn | 9.37% |
| 7 | DoubleDown Interactive | 628.34 Mn | 74.78 Mn | 71.22 Mn | 44.90% |
| 8 | Gravity | 495.39 Mn | 494.95 Mn | 34,891.11 | 20.06% |
| 9 | Sohu.com | 356.62 Mn | -476.01 Mn | 133.81 Mn | -4.90% |
| 10 | Gdev | 206.92 Mn | 124.67 Mn | - | 23.09% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 31.97% |
| 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% |