NetEase (NTES) Invested Capital (2020 - 2025)

NetEase's Invested Capital history runs 5 years deep, the most recent figure standing at $1.7 million for Q4 2025.

• Quarterly Invested Capital fell 12.13% year-over-year to $1.7 million in Q4 2025, while the trailing twelve-month figure through Mar 2026 was $1.7 million (down 12.13% YoY) and the FY2025 annual result came in at $1.6 million, down 13.25% from the prior year.
• Invested Capital was $1.7 million for Q4 2025 at NetEase, down from $1.9 million in the prior quarter.
• Across five years, Invested Capital topped out at $610.7 million in Q4 2021 and bottomed at $1.7 million in Q4 2025.
• A 4-year average of $292.0 million and a median of $277.8 million in 2024 frame the typical range for Invested Capital.
• Annual changes were most pronounced in 2021 — Invested Capital surged 70.41% — and 2025, when it decreased 12.13%.
• NetEase's Invested Capital stood at $610.7 million in 2021, then fell by 9.33% to $553.7 million in 2022, then sank by 99.66% to $1.9 million in 2024, then fell by 12.13% to $1.7 million in 2025.
• Business Quant data shows NTES's Invested Capital at $1.7 million in Q4 2025, $1.9 million in Q4 2024, and $553.7 million in Q4 2022.