NetEase (NTES) Invested Capital (2009 - 2025)
NetEase posted quarterly Invested Capital of $22.6 billion for Q4 2025, up 17.05% year-on-year from $19.3 billion in Q4 2024, and up 17.05% on a QoQ basis from $19.3 billion in Q4 2024.
NetEase (NTES) has 17 years of Invested Capital data on file, last reported at $22.6 billion in Q4 2025.
- For the quarter ending Q4 2025, Invested Capital rose 17.05% year-over-year to $22.6 billion; the trailing twelve-month figure through Dec 2025 stood at $22.6 billion (up 17.05% YoY), and the FY2025 full-year result was $22.3 billion, up 17.4% from the prior year.
- Invested Capital for Q4 2025 stood at $22.6 billion, up from $19.3 billion in the prior quarter.
- Across five years, Invested Capital topped out at $22.6 billion in Q4 2025 and bottomed at $15.8 billion in Q4 2022.
- The 5-year median for Invested Capital is $17.8 billion (2023), against an average of $18.3 billion.
- The widest annual swing landed in 2021, when Invested Capital increased 25.28%; it then declined 1.84% in 2022.
- A 5-year view of Invested Capital shows it stood at $16.1 billion in 2021, then retreated by 1.84% to $15.8 billion in 2022, then increased by 12.19% to $17.8 billion in 2023, then advanced by 8.64% to $19.3 billion in 2024, then advanced by 17.05% to $22.6 billion in 2025.
- The last three Invested Capital figures came in at $22.6 billion (Q4 2025), $19.3 billion (Q4 2024), and $17.8 billion (Q4 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | NetEase | 51.49 Bn | 41.63 Bn | - | 22.60 Bn |
| 2 | Electronic Arts | 50.24 Bn | 47.38 Bn | 1.76 Bn | 6.76 Bn |
| 3 | Take Two Interactive Software | 41.73 Bn | 39.37 Bn | 945.50 Mn | 3.53 Bn |
| 4 | Roblox | 34.28 Bn | 31.06 Bn | 1.15 Bn | 1.43 Bn |
| 5 | Playtika Holding | 1.29 Bn | 514.59 Mn | 384.10 Mn | 1.92 Bn |
| 6 | Sohu.com | 430.85 Mn | -399.49 Mn | 111.48 Mn | - |
| 7 | Gdev | 278.25 Mn | 169.93 Mn | - | -90.56 Mn |
| 8 | DoubleDown Interactive | 253.74 Mn | -279.47 Mn | 69.71 Mn | 1.01 Bn |
| 9 | Skillz | 136.00 Mn | -23.93 Mn | 25.51 Mn | 230.32 Mn |
| 10 | GCL Global Holdings | 84.04 Mn | -16,894.62 Bn | - | 36,006.54 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 22.60 Bn |
| Dec 31, 2024 | 19.31 Bn |
| Dec 31, 2023 | 17.77 Bn |
| Dec 31, 2022 | 15.84 Bn |
| Mar 31, 2022 | 16,012.48 Bn |
| Dec 31, 2021 | 16.14 Bn |
| Sep 30, 2021 | 13,155.52 Bn |
| Jun 30, 2021 | 13,529.26 Bn |
| Mar 31, 2021 | 13,449.03 Bn |
| Dec 31, 2020 | 12.88 Bn |
| Sep 30, 2020 | 12.44 Bn |
| Jun 30, 2020 | 12.28 Bn |
| Mar 31, 2020 | 9.14 Bn |
| Dec 31, 2019 | 8.88 Bn |
| Sep 30, 2019 | 9.14 Bn |
| Jun 30, 2019 | 7.58 Bn |
| Mar 31, 2019 | 7.19 Bn |
| Dec 31, 2018 | 6.66 Bn |
| Sep 30, 2018 | 6.49 Bn |
| Jun 30, 2018 | 6.94 Bn |
| Mar 31, 2018 | 7.08 Bn |
| Dec 31, 2017 | 7.02 Bn |
| Sep 30, 2017 | 6.85 Bn |
| Jun 30, 2017 | 6.45 Bn |
| Mar 31, 2017 | 6.10 Bn |
| Dec 31, 2016 | 5.64 Bn |
| Sep 30, 2016 | 5.29 Bn |
| Jun 30, 2016 | 5.05 Bn |
| Mar 31, 2016 | 4.77 Bn |
| Dec 31, 2015 | 4.60 Bn |
| Sep 30, 2015 | 4.31 Bn |
| Jun 30, 2015 | 4.16 Bn |
| Mar 31, 2015 | 3.95 Bn |
| Dec 31, 2014 | 3.81 Bn |
| Sep 30, 2014 | 3.62 Bn |
| Jun 30, 2014 | 3.43 Bn |
| Mar 31, 2014 | 3.34 Bn |
| Dec 31, 2013 | 3.32 Bn |
| Sep 30, 2013 | 3.09 Bn |
| Jun 30, 2013 | 2.89 Bn |
| Mar 31, 2013 | 2.68 Bn |
| Dec 31, 2012 | 2.50 Bn |
| Sep 30, 2012 | 2.49 Bn |
| Jun 30, 2012 | 2.37 Bn |
| Mar 31, 2012 | 2.24 Bn |
| Dec 31, 2011 | 2.06 Bn |
| Sep 30, 2011 | 1.90 Bn |
| Jun 30, 2011 | 1.74 Bn |
| Mar 31, 2011 | 1.60 Bn |
| Dec 31, 2010 | 1.46 Bn |
| Dec 31, 2009 | 1.09 Bn |