NetEase (NTES) Net Margin (2009 - 2026)
NetEase's (NTES) quarterly Net Margin came in at 34.89% in Q1 2026, down 84.0% YoY from 218.08% in Q1 2025, and up 53.99% on a QoQ basis from 22.66% in Q4 2025.
NetEase (NTES) Net Margin (2009 - 2026) Analysis & Trends
NetEase (NTES) has 18 years of Net Margin data on file, last reported at 34.89% in Q1 2026.
- Quarterly Net Margin fell 84.0% year-over-year to 34.89% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 29.87% (down 29.0% YoY) and the FY2025 annual result came in at 29.98%, up 177.0% from the prior year.
- Net Margin advanced to 34.89% in Q1 2026, from 22.66% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 35.73% in Q1 2025 to a low of 15.59% in Q4 2022.
- A 5-year average of 27.25% and a median of 27.43% in 2022 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2023 — Net Margin jumped 1418 bps — and 2025, when it tumbled 1012 bps.
- Tracing NTES's Net Margin over 5 years: stood at 15.59% in 2022, then surged by 56 bps to 24.25% in 2023, then jumped by 35 bps to 32.77% in 2024, then tumbled by 31 bps to 22.66% in 2025, then jumped by 54 bps to 34.89% in 2026.
- The last three Net Margin figures came in at 34.89% (Q1 2026), 22.66% (Q4 2025), and 30.38% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | NetEase | 76.41 Bn | -13,107,909.00 Bn | 3.06 Bn | 34.89% |
| 2 | Electronic Arts | 52.84 Bn | 50.56 Bn | 1.71 Bn | 19.99% |
| 3 | Take Two Interactive Software | 44.66 Bn | 42.84 Bn | 882.50 Mn | -2.22% |
| 4 | Roblox | 27.67 Bn | 24.66 Bn | 1.18 Bn | -12.59% |
| 5 | Playtika Holding | 896.31 Mn | 457.81 Mn | 538.20 Mn | 6.57% |
| 6 | DoubleDown Interactive | 632.30 Mn | 177.08 Mn | 71.22 Mn | 34.86% |
| 7 | Gravity | 490.49 Mn | 490.06 Mn | 34,891.11 | 15.04% |
| 8 | Sohu.com | 366.49 Mn | -466.48 Mn | 106.58 Mn | 0.71% |
| 9 | Gdev | 202.43 Mn | 202.43 Mn | - | - |
| 10 | Meridian Holdings | 176.93 Mn | 159.61 Mn | 26.85 Mn | 4.31% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 34.89% |
| Dec 31, 2025 | 22.66% |
| Sep 30, 2025 | 30.38% |
| Jun 30, 2025 | 30.84% |
| Mar 31, 2025 | 35.73% |
| Dec 31, 2024 | 32.77% |
| Sep 30, 2024 | 24.95% |
| Jun 30, 2024 | 26.52% |
| Mar 31, 2024 | 28.43% |
| Dec 31, 2023 | 24.25% |
| Sep 30, 2023 | 28.74% |
| Jun 30, 2023 | 34.33% |
| Mar 31, 2023 | 26.97% |
| Dec 31, 2022 | 15.59% |
| Sep 30, 2022 | 27.43% |
| Jun 30, 2022 | 20.15% |
| Mar 31, 2022 | 18.65% |
| Dec 31, 2021 | 23.36% |
| Sep 30, 2021 | 14.34% |
| Jun 30, 2021 | 17.26% |