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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |