NetEase (NTES) Return on Invested Capital (2021 - 2026)

NetEase's Return on Invested Capital history runs 5 years deep, the most recent figure standing at 37.61% for Q1 2026.

• Quarterly Return on Invested Capital rose 1020.0% year-over-year to 37.61% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 37.61% (up 1020.0% YoY) and the FY2025 annual result came in at 24.15%, changed N/A from the prior year.
• Return on Invested Capital was 37.61% for Q1 2026 at NetEase, up from 32.28% in the prior quarter.
• Across five years, Return on Invested Capital topped out at 37.61% in Q1 2026 and bottomed at 0.05% in Q1 2022.
• A 4-year average of 13.04% and a median of 0.07% in 2023 frame the typical range for Return on Invested Capital.
• Annual changes were most pronounced in 2022 — Return on Invested Capital slipped 2 bps — and 2026, when it surged 1020 bps.
• NetEase's Return on Invested Capital stood at 0.06% in 2022, then climbed by 22 bps to 0.07% in 2023, then jumped by 43273 bps to 32.28% in 2025, then rose by 16 bps to 37.61% in 2026.
• Business Quant data shows NTES's Return on Invested Capital at 37.61% in Q1 2026, 32.28% in Q4 2025, and 29.65% in Q3 2025.