NetEase (NTES) Net Margin (2009 - 2026)
NetEase's Net Margin was 20.78% in the quarter ended Jun 30, 2026, down 8.72 percentage points from 29.50% a year earlier and down 11.90 percentage points from the prior quarter.
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Analysis
NetEase (NTES) Net Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, NetEase's Net Margin was 26.64% through Jun 30, 2026, down 4.19 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at 29.98%, up 1.77 percentage points from the prior year.
- Net Margin shows a five-year change of +13.60 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, Net Margin was 28.20% in the year ended Dec 31, 2024 (-0.23 pp), 28.43% in the year ended Dec 31, 2023 (+7.35 pp), 21.08% in the year ended Dec 31, 2022 (+1.83 pp) and 19.24% in the year ended Dec 31, 2021 (+2.87 pp).
- The figure for the quarter ended Jun 30, 2026 marks the lowest quarterly Net Margin since the quarter ended Dec 31, 2022.
- Compared with a year earlier, Net Margin has declined for three straight quarters, with an average year-over-year change of -0.18 percentage points over the last eight quarters.
- The best year-over-year quarter for Net Margin over five years was the quarter ended Dec 31, 2021 (a gain of 18.42 percentage points); the worst was the quarter ended Dec 31, 2025 (a drop of 10.12 percentage points).
- Per Business Quant data, NTES's Net Margin in the three quarters before the quarter ended Jun 30, 2026 was 32.67% (quarter ended Mar 31, 2026), 22.66% (quarter ended Dec 31, 2025) and 30.38% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,624.96 Bn | 3,359.86 Bn | 76.16 Bn | 20.51% |
| 2 | Meta Platforms | 1,640.16 Bn | 1,304.68 Bn | 51.23 Bn | 15.26% |
| 3 | Netflix | 255.21 Bn | 216.51 Bn | 6.80 Bn | 28.46% |
| 4 | Alibaba Group Holding | 219.23 Bn | 41.30 Bn | 15.16 Bn | 3.92% |
| 5 | Shopify | 189.29 Bn | 174.44 Bn | 1.78 Bn | 12.35% |
| 6 | Uber Technologies | 142.08 Bn | 113.28 Bn | 6.42 Bn | 3.47% |
| 7 | AppLovin | 135.54 Bn | 124.07 Bn | 1.94 Bn | 65.86% |
| 8 | Spotify Technology | 126.14 Bn | 83.06 Bn | 1.89 Bn | 10.42% |
| 9 | Booking Holdings | 119.69 Bn | 53.43 Bn | - | 30.55% |
| 10 | NetEase | 78.00 Bn | 36.89 Bn | 3.13 Bn | 20.78% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.78% |
| Mar 31, 2026 | 32.67% |
| Dec 31, 2025 | 22.66% |
| Sep 30, 2025 | 30.38% |
| Jun 30, 2025 | 29.50% |
| 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 | 22.85% |
| Mar 31, 2022 | 18.65% |
| Dec 31, 2021 | 23.36% |
| Sep 30, 2021 | 14.34% |
API Access
NetEase Net Margin 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=net-margin&ticker=NTES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=NTES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();