NetEase (NTES) Operating Leases (2019 - 2025)

NetEase (NTES) has 7 years of Operating Leases data on file, last reported at $32.7 million in Q4 2025.

• For the quarter ending Q4 2025, Operating Leases fell 43.03% year-over-year to $32.7 million; the trailing twelve-month figure through Dec 2025 stood at $32.7 million (down 43.03% YoY), and the FY2025 full-year result was $33.2 million, down 41.28% from the prior year.
• Operating Leases for Q4 2025 stood at $32.7 million, down from $57.4 million in the prior quarter.
• Across five years, Operating Leases topped out at $114.5 million in Q4 2021 and bottomed at $32.7 million in Q4 2025.
• The 5-year median for Operating Leases is $77.2 million (2023), against an average of $75.3 million.
• The widest annual swing landed in 2021, when Operating Leases jumped 59.81%; it then slumped 43.03% in 2025.
• A 5-year view of Operating Leases shows it stood at $114.5 million in 2021, then decreased by 17.41% to $94.6 million in 2022, then slipped by 18.37% to $77.2 million in 2023, then fell by 25.59% to $57.4 million in 2024, then plunged by 43.03% to $32.7 million in 2025.
• The last three Operating Leases figures came in at $32.7 million (Q4 2025), $57.4 million (Q4 2024), and $77.2 million (Q4 2023), per Business Quant data.

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