NetEase (NTES) Operating Expenses (2009 - 2026)

NetEase has reported Operating Expenses for 18 years, with the latest figure at -$1.2 billion in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses fell 11.76% year-over-year to -$1.2 billion; the trailing twelve-month figure through Mar 2026 stood at -$5.2 billion (down 8.0% YoY), and the FY2025 full-year result was $5.2 billion, up 5.37% from the prior year.
• Operating Expenses for Q1 2026 stood at -$1.2 billion, up from -$1.3 billion in the prior quarter.
• The five-year high for Operating Expenses was -$1.1 billion in Q1 2025, with the low 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.
• Annual changes were most pronounced in 2024 — Operating Expenses slipped 17.07% — and 2025, when it rose 15.82%.
• NetEase's Operating Expenses 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.