NetEase NTES
NASDAQ NTES
$115.61 -0.02 (-0.02%)
At close: Sep 11, 2026 · 4:00 PM EDT

NetEase (NTES) Free Cash Flow (2009 - 2026)

NetEase's (NTES) quarterly Free Cash Flow came in at $1.5 billion in Q2 2026, down 3.96% on a YoY basis from $1.5 billion in Q2 2025, and down 27.63% quarter-over-quarter from $2.0 billion in Q1 2026.

Analysis

NetEase (NTES) Free Cash Flow (2009 - 2026) Analysis & Trends

NetEase (NTES) has reported Free Cash Flow for 18 consecutive years, with $1.5 billion the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Free Cash Flow fell 3.96% year-over-year to $1.5 billion; the trailing twelve-month figure through Jun 2026 stood at $7.5 billion (up 12.26% YoY), and the FY2025 full-year result was $7.4 billion, up 32.04% from the prior year.
  • Free Cash Flow fell to $1.5 billion in Q2 2026 per NTES's latest filing, from $2.0 billion in the prior quarter.
  • Across five years, Free Cash Flow topped out at $2.1 billion in Q4 2025 and bottomed at $840.1 million in Q1 2022.
  • Historically, Free Cash Flow has averaged $1.5 billion across 5 years, with a median of $1.5 billion in 2023.
  • The sharpest annual moves came in 2024 and 2025: Free Cash Flow slipped 20.93% in 2024, then jumped 65.07% in 2025.
  • Over 5 years, Free Cash Flow stood at $1.3 billion in 2022, then increased by 29.76% to $1.7 billion in 2023, then grew by 8.64% to $1.9 billion in 2024, then increased by 13.72% to $2.1 billion in 2025, then slumped by 30.44% to $1.5 billion in 2026.
  • According to Business Quant data, Free Cash Flow over the past three periods registered $1.5 billion, $2.0 billion, and $2.1 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 NetEase 73.81 Bn 63.67 Bn 3.13 Bn 1.47 Bn
2 Electronic Arts 52.84 Bn 50.56 Bn 1.71 Bn -318.00 Mn
3 Take Two Interactive Software 40.29 Bn 38.47 Bn 882.50 Mn -193.80 Mn
4 Roblox 32.49 Bn 29.45 Bn 1.18 Bn 296.00 Mn
5 The9 3.01 Bn 3.00 Bn 319,000.00 750,896.18
6 Playtika Holding 881.03 Mn 442.53 Mn 538.20 Mn 23.50 Mn
7 DoubleDown Interactive 628.34 Mn 74.78 Mn 71.22 Mn 24.71 Mn
8 Gravity 495.39 Mn 494.95 Mn 34,891.11 -
9 Sohu.com 356.62 Mn -476.01 Mn 133.81 Mn -
10 Gdev 206.92 Mn 124.67 Mn - 10.79 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 1.47 Bn
Mar 31, 2026 2.03 Bn
Dec 31, 2025 2.11 Bn
Sep 30, 2025 1.85 Bn
Jun 30, 2025 1.53 Bn
Mar 31, 2025 1.73 Bn
Dec 31, 2024 1.85 Bn
Sep 30, 2024 1.53 Bn
Jun 30, 2024 925.61 Mn
Mar 31, 2024 1.39 Bn
Dec 31, 2023 1.71 Bn
Sep 30, 2023 1.45 Bn
Jun 30, 2023 1.17 Bn
Mar 31, 2023 972.58 Mn
Dec 31, 2022 1.32 Bn
Sep 30, 2022 1.18 Bn
Jun 30, 2022 1.07 Bn
Mar 31, 2022 840.10 Mn
Dec 31, 2021 1.38 Bn
Sep 30, 2021 1.04 Bn