NetEase (NTES) Net Margin (2009 - 2026)
NetEase's (NTES) quarterly Net Margin came in at 23.19% in Q2 2026, down 765.0% on a YoY basis from 3.49% in Q2 2025, and down 33.55% quarter-over-quarter from 34.89% in Q1 2026.
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NetEase (NTES) Net Margin (2009 - 2026) Analysis & Trends
NetEase (NTES) has reported Net Margin for 18 consecutive years, with 23.19% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin fell 765.0% year-over-year to 23.19%; the trailing twelve-month figure through Jun 2026 stood at 27.87% (down 330.0% YoY), and the FY2025 full-year result was 29.98%, up 177.0% from the prior year.
- Net Margin eased to 23.19% in Q2 2026 per NTES's latest filing, from 34.89% 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.
- Historically, Net Margin has averaged 27.03% across 5 years, with a median of 27.2% in 2022.
- The sharpest annual moves came in 2023 and 2025: Net Margin surged 1418 bps in 2023, then plunged 1012 bps in 2025.
- Over 5 years, 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 rose by 2 bps to 23.19% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 23.19%, 34.89%, and 22.66% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | NetEase | 73.81 Bn | 63.67 Bn | 3.13 Bn | 23.19% |
| 2 | Electronic Arts | 52.84 Bn | 50.56 Bn | 1.71 Bn | 19.99% |
| 3 | Take Two Interactive Software | 40.29 Bn | 38.47 Bn | 882.50 Mn | -2.22% |
| 4 | Roblox | 32.49 Bn | 29.45 Bn | 1.18 Bn | -12.59% |
| 5 | The9 | 3.01 Bn | 3.00 Bn | 319,000.00 | 4,556.69% |
| 6 | Playtika Holding | 881.03 Mn | 442.53 Mn | 538.20 Mn | 6.57% |
| 7 | DoubleDown Interactive | 628.34 Mn | 74.78 Mn | 71.22 Mn | 34.86% |
| 8 | Gravity | 495.39 Mn | 494.95 Mn | 34,891.11 | 15.04% |
| 9 | Sohu.com | 356.62 Mn | -476.01 Mn | 133.81 Mn | 0.71% |
| 10 | Gdev | 206.92 Mn | 124.67 Mn | - | 21.31% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.19% |
| 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% |