NetEase (NTES) Invested Capital (2009 - 2026)
NetEase (NTES) posted Invested Capital of $27.03 billion for the quarter ended Jun 30, 2026, up 18.3% from $22.85 billion a year earlier and up 3.9% from the prior quarter.
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Analysis
NetEase (NTES) Invested Capital (2009 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, NetEase's Invested Capital came in at $24.51 billion, up 15.7% from the prior year.
- Annual Invested Capital has increased for 16 consecutive years, with a five-year compound annual growth rate of 9.3% (years ended Dec 2020 to Dec 2025).
- In prior years, NetEase's Invested Capital was $21.19 billion in the year ended Dec 31, 2024 (+1.9%), $20.79 billion in the year ended Dec 31, 2023 (+5.2%), $19.76 billion in the year ended Dec 31, 2022 (+5.0%) and $18.82 billion in the year ended Dec 31, 2021 (+19.6%).
- The figure for the quarter ended Jun 30, 2026 stands as the highest quarterly Invested Capital in data going back to the quarter ended Mar 31, 2009.
- On a year-over-year basis, Invested Capital has increased in each of the last five quarters, with growth averaging 11.4% over the last eight quarters.
- The strongest year-over-year quarter for Invested Capital in the past five years was the quarter ended Sep 30, 2022, with growth of 24.2%; the weakest was the quarter ended Sep 30, 2023, with a decline of 7.5%.
- According to Business Quant data, Invested Capital for the three prior quarters was $26.02 billion (quarter ended Mar 31, 2026), $24.17 billion (quarter ended Dec 31, 2025) and $23.5 billion (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,173.87 Bn | 3,931.39 Bn | 73.85 Bn | 738.65 Bn |
| 2 | Meta Platforms | 1,849.67 Bn | 1,552.19 Bn | 49.47 Bn | 344.89 Bn |
| 3 | Netflix | 279.23 Bn | 239.43 Bn | 6.52 Bn | 44.46 Bn |
| 4 | Alibaba Group Holding | 245.86 Bn | 63.73 Bn | 15.11 Bn | 187.69 Bn |
| 5 | Shopify | 196.08 Bn | 173.27 Bn | 1.71 Bn | - |
| 6 | Uber Technologies | 138.90 Bn | 110.88 Bn | 6.38 Bn | 40.94 Bn |
| 7 | Booking Holdings | 119.48 Bn | 52.53 Bn | - | 9.40 Bn |
| 8 | PDD Holdings | 107.30 Bn | -144.64 Bn | 9.45 Bn | - |
| 9 | Spotify Technology | 97.33 Bn | 54.56 Bn | 1.86 Bn | - |
| 10 | NetEase | 74.83 Bn | 32.10 Bn | 3.13 Bn | 27.03 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 27.03 Bn |
| Mar 31, 2026 | 26.02 Bn |
| Dec 31, 2025 | 24.17 Bn |
| Sep 30, 2025 | 23.50 Bn |
| Jun 30, 2025 | 22.85 Bn |
| Mar 31, 2025 | 21.68 Bn |
| Dec 31, 2024 | 21.53 Bn |
| Sep 30, 2024 | 20.46 Bn |
| Jun 30, 2024 | 20.42 Bn |
| Mar 31, 2024 | 21.79 Bn |
| Dec 31, 2023 | 20.50 Bn |
| Sep 30, 2023 | 18.73 Bn |
| Jun 30, 2023 | 19.13 Bn |
| Mar 31, 2023 | 21.00 Bn |
| Dec 31, 2022 | 19.16 Bn |
| Sep 30, 2022 | 20.25 Bn |
| Jun 30, 2022 | 20.65 Bn |
| Mar 31, 2022 | 20.09 Bn |
| Dec 31, 2021 | 18.75 Bn |
| Sep 30, 2021 | 16.30 Bn |
API Access
NetEase Invested Capital 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=invested-capital&ticker=NTES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=NTES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();