NetEase (NTES) Research & Development (2009 - 2026)
NetEase (NTES) posted Research & Development of $684.43 million for the quarter ended Jun 30, 2026, up 13.6% from $602.32 million a year earlier and up 5.8% from the prior quarter.
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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, up 6.0% year-over-year; for the year ended Dec 31, 2025, it was $2.53 billion, up 5.5% from the prior year.
- Annual Research & Development has increased for three consecutive years, with a five-year compound annual growth rate of 9.8% (years ended Dec 2020 to Dec 2025).
- In prior years, NetEase's Research & Development was $2.4 billion in the year ended Dec 31, 2024 (+3.4%), $2.32 billion in the year ended Dec 31, 2023 (+6.5%), $2.18 billion in the year ended Dec 31, 2022 (-1.3%) and $2.21 billion in the year ended Dec 31, 2021 (+39.0%).
- The figure for the quarter ended Jun 30, 2026 stands as the highest quarterly Research & Development in data going back to the quarter ended Mar 31, 2009.
- On a year-over-year basis, Research & Development has increased in each of the last four quarters, with growth averaging 3.5% over the last eight quarters.
- The strongest year-over-year quarter for Research & Development in the past five years was the quarter ended Sep 30, 2021, with growth of 44.3%; the weakest was the quarter ended Dec 31, 2022, with a decline of 4.4%.
- 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 | 3,624.96 Bn | 3,359.86 Bn | 76.16 Bn | 20.64 Bn |
| 2 | Meta Platforms | 1,640.16 Bn | 1,304.68 Bn | 51.23 Bn | 20.05 Bn |
| 3 | Netflix | 255.21 Bn | 216.51 Bn | 6.80 Bn | 1.03 Bn |
| 4 | Alibaba Group Holding | 219.23 Bn | 41.30 Bn | 15.16 Bn | 3.32 Bn |
| 5 | Shopify | 189.29 Bn | 174.44 Bn | 1.78 Bn | 497.00 Mn |
| 6 | Uber Technologies | 142.08 Bn | 113.28 Bn | 6.42 Bn | 1.27 Bn |
| 7 | AppLovin | 135.54 Bn | 124.07 Bn | 1.94 Bn | 101.82 Mn |
| 8 | Spotify Technology | 126.14 Bn | 83.06 Bn | 1.89 Bn | 479.73 Mn |
| 9 | Booking Holdings | 119.69 Bn | 53.43 Bn | - | - |
| 10 | NetEase | 78.00 Bn | 36.89 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();