NetEase (NTES) Net Margin (2009 - 2026)
NetEase (NTES) posted Net Margin of 34.89% for Q1 2026, up 53.99% on a QoQ basis from 22.66% in Q4 2025, and down 84.0% year-over-year from 218.08% in Q1 2025.
NetEase (NTES) Net Margin (2009 - 2026) Analysis & Trends
NetEase's Net Margin history runs 18 years deep, the most recent figure standing at 34.89% for 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 was 34.89% for Q1 2026 at NetEase, up from 22.66% in the prior quarter.
- Across five years, Net Margin topped out at 35.73% in Q1 2025 and bottomed at 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 slumped 1012 bps.
- NetEase's Net Margin stood at 15.59% in 2022, then jumped by 56 bps to 24.25% in 2023, then soared by 35 bps to 32.77% in 2024, then sank by 31 bps to 22.66% in 2025, then soared by 54 bps to 34.89% in 2026.
- Business Quant data shows NTES's Net Margin at 34.89% in Q1 2026, 22.66% in Q4 2025, and 30.38% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Electronic Arts | 52.46 Bn | 49.60 Bn | 1.76 Bn | 21.75% |
| 2 | Take Two Interactive Software | 48.15 Bn | 47.69 Bn | 938.70 Mn | -3.54% |
| 3 | Roblox | 33.85 Bn | 30.63 Bn | 1.15 Bn | -17.20% |
| 4 | Gdev | 2.31 Bn | 2.31 Bn | 85.00 Mn | 131.31% |
| 5 | NetEase | 2.16 Bn | -7,331,731.34 Bn | 3.06 Bn | 34.89% |
| 6 | Playtika Holding | 1.35 Bn | 575.11 Mn | 552.50 Mn | -7.72% |
| 7 | Gravity | 418.32 Mn | 418.18 Mn | 35,341.61 | 18.16% |
| 8 | Meridian Holdings | 152.70 Mn | 138.17 Mn | 28.14 Mn | 4.51% |
| 9 | Firy | 128.08 Mn | -57.32 Mn | 25.51 Mn | -37.61% |
| 10 | CTW Cayman | 118.94 Mn | 99.19 Mn | - | - |
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% |