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 | 3,893.85 Bn | 3,651.37 Bn | 73.85 Bn | 738.65 Bn |
| 2 | Meta Platforms | 1,633.93 Bn | 1,336.45 Bn | 49.47 Bn | 344.89 Bn |
| 3 | Netflix | 271.96 Bn | 233.26 Bn | 6.80 Bn | 44.42 Bn |
| 4 | Alibaba Group Holding | 231.45 Bn | 45.22 Bn | 15.11 Bn | 184.39 Bn |
| 5 | Shopify | 218.36 Bn | 195.54 Bn | 1.71 Bn | - |
| 6 | Uber Technologies | 135.44 Bn | 107.24 Bn | 6.38 Bn | 40.94 Bn |
| 7 | Booking Holdings | 119.78 Bn | 52.83 Bn | - | 9.40 Bn |
| 8 | Spotify Technology | 119.39 Bn | 76.31 Bn | 1.89 Bn | - |
| 9 | PDD Holdings | 110.49 Bn | -133.29 Bn | 9.45 Bn | - |
| 10 | NetEase | 75.68 Bn | 33.93 Bn | 3.13 Bn | 26.45 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.45 Bn |
| Mar 31, 2026 | 25.42 Bn |
| Dec 31, 2025 | 24.50 Bn |
| Sep 30, 2025 | 22.98 Bn |
| Jun 30, 2025 | 22.43 Bn |
| Mar 31, 2025 | 21.16 Bn |
| Dec 31, 2024 | 21.19 Bn |
| Sep 30, 2024 | 20.42 Bn |
| Jun 30, 2024 | 19.89 Bn |
| Mar 31, 2024 | 21.11 Bn |
| Dec 31, 2023 | 20.77 Bn |
| Sep 30, 2023 | 18.03 Bn |
| Jun 30, 2023 | 17.94 Bn |
| Mar 31, 2023 | 20.34 Bn |
| Dec 31, 2022 | 19.57 Bn |
| Sep 30, 2022 | 18.86 Bn |
| Jun 30, 2022 | 19.73 Bn |
| Mar 31, 2022 | 19.46 Bn |
| Dec 31, 2021 | 18.82 Bn |
| Sep 30, 2021 | 15.98 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();