NetEase (NTES) Payables (2009 - 2026)
NetEase (NTES) recorded Payables of $1.96 billion in the quarter ended Jun 30, 2026, up 17.0% from $1.68 billion a year earlier and up 15.5% from the prior quarter.
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Analysis
NetEase (NTES) Payables (2009 - 2026) Analysis & Trends
As of Dec 31, 2025, NetEase reported Payables of $1 billion, down 41.4% from the prior year.
- Annual Payables has declined for three straight years, with a five-year compound annual growth rate of -20.5% (years ended Dec 2020 to Dec 2025).
- Across earlier years, Payables came in at $1.72 billion in the year ended Dec 31, 2024 (-39.4%), $2.83 billion in the year ended Dec 31, 2023 (-23.0%), $3.68 billion in the year ended Dec 31, 2022 (+15.3%) and $3.19 billion in the year ended Dec 31, 2021 (+0.9%).
- The figure for the quarter ended Jun 30, 2026 is the highest quarterly Payables since the quarter ended Mar 31, 2024.
- On a year-over-year basis, Payables rose in two of the last eight quarters, with an average decline of 18.8%.
- Peak year-over-year performance for Payables in the last five years was growth of 18.7% in the quarter ended Mar 31, 2026, against a decline of 59.8% in the quarter ended Mar 31, 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $1.7 billion (quarter ended Mar 31, 2026), $1 billion (quarter ended Dec 31, 2025) and $1.13 billion (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,624.96 Bn | 3,359.86 Bn | 76.16 Bn | 21.98 Bn |
| 2 | Meta Platforms | 1,640.16 Bn | 1,304.68 Bn | 51.23 Bn | 19.10 Bn |
| 3 | Netflix | 255.21 Bn | 216.51 Bn | 6.80 Bn | 3.34 Bn |
| 4 | Alibaba Group Holding | 219.23 Bn | 41.30 Bn | 15.16 Bn | 60.83 Bn |
| 5 | Shopify | 189.29 Bn | 174.44 Bn | 1.78 Bn | 1.25 Bn |
| 6 | Uber Technologies | 142.08 Bn | 113.28 Bn | 6.42 Bn | 1.48 Bn |
| 7 | AppLovin | 135.54 Bn | 124.07 Bn | 1.94 Bn | 838.17 Mn |
| 8 | Spotify Technology | 126.14 Bn | 83.06 Bn | 1.89 Bn | 1.60 Bn |
| 9 | Booking Holdings | 119.69 Bn | 53.43 Bn | - | 5.22 Bn |
| 10 | NetEase | 78.00 Bn | 36.89 Bn | 3.13 Bn | 1.96 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.96 Bn |
| Mar 31, 2026 | 1.70 Bn |
| Dec 31, 2025 | 1.00 Bn |
| Sep 30, 2025 | 1.13 Bn |
| Jun 30, 2025 | 1.68 Bn |
| Mar 31, 2025 | 1.43 Bn |
| Dec 31, 2024 | 1.72 Bn |
| Sep 30, 2024 | 1.62 Bn |
| Jun 30, 2024 | 1.92 Bn |
| Mar 31, 2024 | 3.56 Bn |
| Dec 31, 2023 | 2.83 Bn |
| Sep 30, 2023 | 1.66 Bn |
| Jun 30, 2023 | 1.74 Bn |
| Mar 31, 2023 | 4.11 Bn |
| Dec 31, 2022 | 3.65 Bn |
| Sep 30, 2022 | 3.69 Bn |
| Jun 30, 2022 | 4.32 Bn |
| Mar 31, 2022 | 3.72 Bn |
| Dec 31, 2021 | 3.19 Bn |
| Sep 30, 2021 | 3.20 Bn |
API Access
NetEase Payables API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=payables&ticker=NTES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payables", "ticker": "NTES", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=payables&ticker=NTES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();