NetEase (NTES) EBT Margin (2009 - 2026)
NetEase (NTES) posted EBT Margin of 31.97% for the quarter ended Jun 30, 2026, down 6.21 percentage points from 38.18% a year earlier and down 11.73 percentage points from the prior quarter.
NetEase (NTES) EBT Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, EBT Margin at NetEase was 34.94%, down 2.78 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at 36.25%, up 2.33 percentage points from the prior year.
- Annual EBT Margin has increased for five consecutive years, with a five-year change of +15.39 percentage points (years ended Dec 2020 to Dec 2025).
- In prior years, NetEase's EBT Margin was 33.92% in the year ended Dec 31, 2024 (+1.01 pp), 32.92% in the year ended Dec 31, 2023 (+7.78 pp), 25.13% in the year ended Dec 31, 2022 (+1.04 pp) and 24.09% in the year ended Dec 31, 2021 (+3.22 pp).
- Quarterly EBT Margin has run from a low of 18.62% in the quarter ended Sep 30, 2021 to a high of 43.70% in the quarter ended Mar 31, 2026 over five years.
- On a year-over-year basis, EBT Margin increased in five of the last eight quarters, with an average year-over-year change of +1.32 percentage points.
- The strongest year-over-year quarter for EBT Margin in the past five years was the quarter ended Dec 31, 2021, with a gain of 19.54 percentage points; the weakest was the quarter ended Dec 31, 2025, with a drop of 10.86 percentage points.
- According to Business Quant data, EBT Margin for the three prior quarters was 43.70% (quarter ended Mar 31, 2026), 27.66% (quarter ended Dec 31, 2025) and 35.65% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,173.87 Bn | 3,931.39 Bn | 73.85 Bn | 115.82% |
| 2 | Meta Platforms | 1,849.67 Bn | 1,552.19 Bn | 49.47 Bn | 30.85% |
| 3 | Netflix | 279.23 Bn | 239.43 Bn | 6.52 Bn | 32.39% |
| 4 | Alibaba Group Holding | 245.86 Bn | 63.73 Bn | 15.11 Bn | 14.55% |
| 5 | Shopify | 196.08 Bn | 173.27 Bn | 1.71 Bn | 49.54% |
| 6 | Uber Technologies | 138.90 Bn | 110.88 Bn | 6.38 Bn | 23.09% |
| 7 | Booking Holdings | 119.48 Bn | 52.53 Bn | - | 34.82% |
| 8 | PDD Holdings | 107.30 Bn | -144.64 Bn | 9.45 Bn | 36.60% |
| 9 | Spotify Technology | 97.33 Bn | 54.56 Bn | 1.86 Bn | 15.07% |
| 10 | NetEase | 74.83 Bn | 32.10 Bn | 3.13 Bn | 31.97% |
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% |
NetEase EBT Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebt-margin&ticker=NTES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-margin", "ticker": "NTES", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebt-margin&ticker=NTES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();