NetEase (NTES) Operating Expenses (2009 - 2026)

NetEase (NTES) has reported Operating Expenses for 18 consecutive years, with -$1.3 billion the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Operating Expenses fell 8.22% year-over-year to -$1.3 billion; the trailing twelve-month figure through Jun 2026 stood at -$5.3 billion (down 10.27% YoY), and the FY2025 full-year result was -$5.2 billion, down 5.37% from the prior year.
• Operating Expenses fell to -$1.3 billion in Q2 2026 per NTES's latest filing, from -$1.2 billion in the prior quarter.
• Across five years, Operating Expenses topped out at -$1.1 billion in Q1 2025 and bottomed at -$1.4 billion in Q3 2025.
• Historically, Operating Expenses has averaged -$1.3 billion across 5 years, with a median of -$1.2 billion in 2025.
• The sharpest annual moves came in 2024 and 2025: Operating Expenses dropped 17.07% in 2024, then gained 15.82% in 2025.
• Over 5 years, Operating Expenses stood at -$1.2 billion in 2022, then fell by 11.62% to -$1.4 billion in 2023, then increased by 14.92% to -$1.2 billion in 2024, then dropped by 12.33% to -$1.3 billion in 2025, then declined by 1.8% to -$1.3 billion in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered -$1.3 billion, -$1.2 billion, and -$1.3 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.