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

NetEase (NTES) has reported Research & Development for 18 consecutive years, with -$542.2 million the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Research & Development fell 9.6% year-over-year to -$542.2 million; the trailing twelve-month figure through Jun 2026 stood at -$2.2 billion (down 23.55% YoY), and the FY2025 full-year result was -$2.1 billion, down 7.86% from the prior year.
• Research & Development eased to -$542.2 million in Q2 2026 per NTES's latest filing, from -$496.8 million in the prior quarter.
• Across five years, Research & Development topped out at -$370.8 million in Q1 2025 and bottomed at -$622.8 million in Q3 2025.
• Historically, Research & Development has averaged -$500.5 million across 5 years, with a median of -$495.8 million in 2025.
• The widest YoY moves for Research & Development: up 34.07% in 2025, down 39.71% in 2025.
• Over 5 years, Research & Development stood at -$480.6 million in 2022, then fell by 22.12% to -$586.9 million in 2023, then jumped by 33.14% to -$392.4 million in 2024, then tumbled by 39.71% to -$548.2 million in 2025, then grew by 1.1% to -$542.2 million in 2026.
• According to Business Quant data, Research & Development over the past three periods registered -$542.2 million, -$496.8 million, and -$548.2 million for Q2 2026, Q1 2026, and Q4 2025 respectively.