NetEase (NTES) Free Cash Flow (2009 - 2026)
NetEase's (NTES) quarterly Free Cash Flow came in at $2.0 billion in Q1 2026, up 17.35% YoY from $1.7 billion in Q1 2025, and down 3.87% on a QoQ basis from $2.1 billion in Q4 2025.
NetEase (NTES) Free Cash Flow (2009 - 2026) Analysis & Trends
NetEase (NTES) has 18 years of Free Cash Flow data on file, last reported at $2.0 billion in Q1 2026.
- Quarterly Free Cash Flow rose 17.35% year-over-year to $2.0 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $7.5 billion (up 24.46% YoY) and the FY2025 annual result came in at $7.2 billion, up 35.2% from the prior year.
- Free Cash Flow fell to $2.0 billion in Q1 2026, from $2.1 billion in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $2.1 billion in Q4 2025 to a low of $840.1 million in Q1 2022.
- A 5-year average of $1.5 billion and a median of $1.4 billion in 2023 frame the typical range for Free Cash Flow.
- Annual changes were most pronounced in 2024 — Free Cash Flow decreased 20.93% — and 2025, when it soared 65.07%.
- Tracing NTES's Free Cash Flow over 5 years: stood at $1.3 billion in 2022, then climbed by 29.76% to $1.7 billion in 2023, then advanced by 8.64% to $1.9 billion in 2024, then climbed by 13.72% to $2.1 billion in 2025, then declined by 3.87% to $2.0 billion in 2026.
- The last three Free Cash Flow figures came in at $2.0 billion (Q1 2026), $2.1 billion (Q4 2025), and $1.8 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | NetEase | 81.78 Bn | -13,107,903.63 Bn | 3.06 Bn | 2.03 Bn |
| 2 | Electronic Arts | 52.84 Bn | 50.56 Bn | 1.71 Bn | -318.00 Mn |
| 3 | Take Two Interactive Software | 44.71 Bn | 42.88 Bn | 882.50 Mn | -193.80 Mn |
| 4 | Roblox | 27.61 Bn | 24.60 Bn | 1.18 Bn | 296.00 Mn |
| 5 | Playtika Holding | 900.12 Mn | 461.62 Mn | 538.20 Mn | 23.50 Mn |
| 6 | DoubleDown Interactive | 637.75 Mn | 182.53 Mn | 71.22 Mn | 24.47 Mn |
| 7 | Gravity | 496.85 Mn | 496.41 Mn | 34,891.11 | - |
| 8 | Sohu.com | 359.34 Mn | -473.63 Mn | 106.58 Mn | - |
| 9 | Gdev | 196.54 Mn | 196.54 Mn | - | 4.00 Mn |
| 10 | Meridian Holdings | 179.08 Mn | 161.77 Mn | 26.85 Mn | 6.76 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.03 Bn |
| Mar 31, 2026 | 2.03 Bn |
| Dec 31, 2025 | 2.11 Bn |
| Dec 31, 2025 | 2.11 Bn |
| Sep 30, 2025 | 1.85 Bn |
| Sep 30, 2025 | 1.85 Bn |
| Jun 30, 2025 | 1.53 Bn |
| Jun 30, 2025 | 1.53 Bn |
| Mar 31, 2025 | 1.73 Bn |
| Mar 31, 2025 | 1.73 Bn |
| Dec 31, 2024 | 1.85 Bn |
| Dec 31, 2024 | 1.85 Bn |
| Sep 30, 2024 | 1.53 Bn |
| Sep 30, 2024 | 1.53 Bn |
| Jun 30, 2024 | 925.61 Mn |
| Jun 30, 2024 | 925.61 Mn |
| Mar 31, 2024 | 1.39 Bn |
| Mar 31, 2024 | 1.39 Bn |
| Dec 31, 2023 | 1.71 Bn |
| Dec 31, 2023 | 1.71 Bn |