NetEase (NTES) Research & Development (2009 - 2026)
NetEase (NTES) posted Research & Development of -$684.43 million for the quarter ended Jun 30, 2026, compared with -$602.32 million a year earlier.
Powered by 
Analysis
NetEase (NTES) Research & Development (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Research & Development at NetEase was -$2.59 billion; for the year ended Dec 31, 2025, it was -$2.53 billion.
- In prior years, NetEase's Research & Development was -$2.4 billion in the year ended Dec 31, 2024, -$2.32 billion in the year ended Dec 31, 2023, -$2.18 billion in the year ended Dec 31, 2022 and -$2.21 billion in the year ended Dec 31, 2021.
- The figure for the quarter ended Jun 30, 2026 stands as the lowest quarterly Research & Development in data going back to the quarter ended Mar 31, 2009.
- According to Business Quant data, Research & Development for the three prior quarters was -$647.09 million (quarter ended Mar 31, 2026), -$625.2 million (quarter ended Dec 31, 2025) and -$634.58 million (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,173.87 Bn | 3,931.39 Bn | 73.85 Bn | 18.22 Bn |
| 2 | Meta Platforms | 1,849.67 Bn | 1,552.19 Bn | 49.47 Bn | 21.66 Bn |
| 3 | Netflix | 279.23 Bn | 239.43 Bn | 6.52 Bn | 1.01 Bn |
| 4 | Alibaba Group Holding | 245.86 Bn | 63.73 Bn | 15.11 Bn | -3.32 Bn |
| 5 | Shopify | 196.08 Bn | 173.27 Bn | 1.71 Bn | 445.00 Mn |
| 6 | Uber Technologies | 138.90 Bn | 110.88 Bn | 6.38 Bn | 1.04 Bn |
| 7 | Booking Holdings | 119.48 Bn | 52.53 Bn | - | - |
| 8 | PDD Holdings | 107.30 Bn | -144.64 Bn | 9.45 Bn | -673.00 Mn |
| 9 | Spotify Technology | 97.33 Bn | 54.56 Bn | 1.86 Bn | 468.43 Mn |
| 10 | NetEase | 74.83 Bn | 32.10 Bn | 3.13 Bn | -684.43 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -684.43 Mn |
| Mar 31, 2026 | -647.09 Mn |
| Dec 31, 2025 | -625.20 Mn |
| Sep 30, 2025 | -634.58 Mn |
| Jun 30, 2025 | -602.32 Mn |
| Mar 31, 2025 | -603.41 Mn |
| Dec 31, 2024 | -622.28 Mn |
| Sep 30, 2024 | -617.35 Mn |
| Jun 30, 2024 | -615.50 Mn |
| Mar 31, 2024 | -583.82 Mn |
| Dec 31, 2023 | -622.11 Mn |
| Sep 30, 2023 | -600.97 Mn |
| Jun 30, 2023 | -558.09 Mn |
| Mar 31, 2023 | -548.11 Mn |
| Dec 31, 2022 | -575.08 Mn |
| Sep 30, 2022 | -580.29 Mn |
| Jun 30, 2022 | -543.15 Mn |
| Mar 31, 2022 | -535.40 Mn |
| Dec 31, 2021 | -601.82 Mn |
| Sep 30, 2021 | -581.41 Mn |
API Access
NetEase Research & Development 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=research-and-development&ticker=NTES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=NTES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();