NetEase (NTES) Operating Expenses (2009 - 2026)

NetEase's Operating Expenses history runs 18 years deep, the most recent figure standing at -$1.2 billion for 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 was -$1.2 billion for Q1 2026 at NetEase, up from -$1.3 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.
• 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 fell 17.07% — and 2025, when it climbed 15.82%.
• NetEase's 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 grew by 6.49% to -$1.2 billion in 2026.
• Business Quant data shows NTES's Operating Expenses at -$1.2 billion in Q1 2026, -$1.3 billion in Q4 2025, and -$1.4 billion in Q3 2025.