NetEase (NTES) Research & Development (2009 - 2026)

NetEase has reported Research & Development for 18 years, with the latest figure at -$647.1 million in Q1 2026.

• For the quarter ending Q1 2026, Research & Development fell 7.24% year-over-year to -$647.1 million; the trailing twelve-month figure through Mar 2026 stood at -$2.5 billion (down 2.06% YoY), and the FY2025 full-year result was $2.5 billion, up 5.54% from the prior year.
• Research & Development for Q1 2026 stood at -$647.1 million, down from -$625.2 million in the prior quarter.
• The five-year high for Research & Development was -$535.4 million in Q1 2022, with the low at -$647.1 million in Q1 2026.
• Historically, Research & Development has averaged -$595.0 million across 5 years, with a median of -$602.3 million in 2025.
• The largest YoY upside for Research & Development was 4.44% in 2022 against a maximum downside of 13.41% in 2022.
• NetEase's Research & Development stood at -$575.1 million in 2022, then retreated by 8.18% to -$622.1 million in 2023, then slipped by 0.03% to -$622.3 million in 2024, then decreased by 0.47% to -$625.2 million in 2025, then slipped by 3.5% to -$647.1 million in 2026.
• The last three Research & Development figures came in at -$647.1 million (Q1 2026), -$625.2 million (Q4 2025), and -$634.6 million (Q3 2025), per Business Quant data.