NetEase (NTES) Operating Expenses (2009 - 2026)
NetEase's (NTES) quarterly Operating Expenses came in at -$1.2 billion in Q1 2026, down 11.76% YoY from -$1.4 billion in Q1 2025, and up 6.49% on a QoQ basis from -$1.3 billion in Q4 2025.
NetEase (NTES) Operating Expenses (2009 - 2026) Analysis & Trends
NetEase (NTES) has 18 years of Operating Expenses data on file, last reported at -$1.2 billion in Q1 2026.
- Quarterly Operating Expenses fell 11.76% year-over-year to -$1.2 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$5.2 billion (down 8.0% YoY) and the FY2025 annual result came in at $5.2 billion, up 5.37% from the prior year.
- Operating Expenses rose to -$1.2 billion in Q1 2026, from -$1.3 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of -$1.1 billion in Q1 2025 to a low of -$1.4 billion in Q3 2025.
- A 5-year average of -$1.3 billion and a median of -$1.2 billion in 2025 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2024 — Operating Expenses slipped 17.07% — and 2025, when it rose 15.82%.
- Tracing NTES's Operating Expenses over 5 years: stood at -$1.2 billion in 2022, then dropped by 11.62% to -$1.4 billion in 2023, then climbed by 14.92% to -$1.2 billion in 2024, then decreased by 12.33% to -$1.3 billion in 2025, then advanced by 6.49% to -$1.2 billion in 2026.
- The last three Operating Expenses figures came in at -$1.2 billion (Q1 2026), -$1.3 billion (Q4 2025), and -$1.4 billion (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | NetEase | 81.89 Bn | -13,107,903.52 Bn | 3.06 Bn | -1.24 Bn |
| 2 | Electronic Arts | 52.84 Bn | 50.56 Bn | 1.71 Bn | 1.20 Bn |
| 3 | Take Two Interactive Software | 44.89 Bn | 43.06 Bn | 882.50 Mn | 918.00 Mn |
| 4 | Roblox | 27.36 Bn | 24.34 Bn | 1.18 Bn | 1.70 Bn |
| 5 | Playtika Holding | 875.38 Mn | 436.88 Mn | 538.20 Mn | 596.50 Mn |
| 6 | DoubleDown Interactive | 650.64 Mn | 195.41 Mn | 71.22 Mn | 57.78 Mn |
| 7 | Gravity | 495.80 Mn | 495.37 Mn | 34,891.11 | 16,505.33 |
| 8 | Sohu.com | 363.69 Mn | -469.28 Mn | 106.58 Mn | 124.88 Mn |
| 9 | Gdev | 199.44 Mn | 199.44 Mn | - | -47.00 Mn |
| 10 | Meridian Holdings | 174.40 Mn | 157.08 Mn | 26.85 Mn | 24.41 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1.24 Bn |
| Dec 31, 2025 | -1.32 Bn |
| Sep 30, 2025 | -1.42 Bn |
| Jun 30, 2025 | -1.24 Bn |
| Mar 31, 2025 | -1.11 Bn |
| Dec 31, 2024 | -1.18 Bn |
| Sep 30, 2024 | -1.30 Bn |
| Jun 30, 2024 | -1.25 Bn |
| Mar 31, 2024 | -1.31 Bn |
| Dec 31, 2023 | -1.38 Bn |
| Sep 30, 2023 | -1.30 Bn |
| Jun 30, 2023 | -1.19 Bn |
| Mar 31, 2023 | -1.12 Bn |
| Dec 31, 2022 | -1.24 Bn |
| Sep 30, 2022 | -1.32 Bn |
| Jun 30, 2022 | -1.21 Bn |
| Mar 31, 2022 | -1.15 Bn |
| Dec 31, 2021 | -1.30 Bn |
| Sep 30, 2021 | -1.24 Bn |
| Jun 30, 2021 | -1.15 Bn |