NetEase (NTES) Operating Leases (2019 - 2025)

NetEase's Operating Leases history spans 7 years, with the latest figure at $32.7 million for Q4 2025.

  • Quarterly results put Operating Leases at $32.7 million for Q4 2025, down 43.03% from a year ago — trailing twelve months through Dec 2025 was $32.7 million (down 43.03% YoY), and the annual figure for FY2025 was $33.2 million, down 41.28%.
  • Operating Leases for Q4 2025 was $32.7 million at NetEase, down from $57.4 million in the prior quarter.
  • In the past five years, Operating Leases ranged from a high of $114.5 million in Q4 2021 to a low of $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 sharpest move saw Operating Leases soared 59.81% in 2021, then tumbled 43.03% in 2025.
  • Year by year, Operating Leases stood at $114.5 million in 2021, then dropped by 17.41% to $94.6 million in 2022, then fell by 18.37% to $77.2 million in 2023, then fell by 25.59% to $57.4 million in 2024, then tumbled by 43.03% to $32.7 million in 2025.
  • According to Business Quant data, Operating Leases over the past three periods came in at $32.7 million, $57.4 million, and $77.2 million for Q4 2025, Q4 2024, and Q4 2023 respectively.