NetEase (NTES) Tax Rate (2009 - 2026)
NetEase (NTES) posted Tax Rate of 18.88% for Q1 2026, down 15.04% on a QoQ basis from 16.41% in Q4 2025, and down 358.0% year-over-year from 7.32% in Q1 2025.
NetEase (NTES) Tax Rate (2009 - 2026) Analysis & Trends
NetEase's Tax Rate history runs 18 years deep, the most recent figure standing at 18.88% for Q1 2026.
- Quarterly Tax Rate fell 358.0% year-over-year to 18.88% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 15.97% (down 84.0% YoY) and the FY2025 annual result came in at 14.77%, down 52.0% from the prior year.
- Tax Rate was 18.88% for Q1 2026 at NetEase, down from 16.41% in the prior quarter.
- Across five years, Tax Rate topped out at 8.03% in Q2 2023 and bottomed at 22.03% in Q1 2022.
- A 5-year average of 16.41% and a median of 16.0% in 2024 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2023 — Tax Rate jumped 1395 bps — and 2024, when it slumped 798 bps.
- NetEase's Tax Rate stood at 20.24% in 2022, then soared by 32 bps to 13.8% in 2023, then gained by 3 bps to 13.44% in 2024, then dropped by 22 bps to 16.41% in 2025, then slipped by 15 bps to 18.88% in 2026.
- Business Quant data shows NTES's Tax Rate at 18.88% in Q1 2026, 16.41% in Q4 2025, and 13.02% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Electronic Arts | 52.46 Bn | 49.60 Bn | 1.76 Bn | 20.38% |
| 2 | Take Two Interactive Software | 48.15 Bn | 47.69 Bn | 938.70 Mn | -368.50% |
| 3 | Roblox | 33.85 Bn | 30.63 Bn | 1.15 Bn | -0.40% |
| 4 | Gdev | 2.31 Bn | 2.31 Bn | 85.00 Mn | 1.52% |
| 5 | NetEase | 2.16 Bn | -7,331,731.34 Bn | 3.06 Bn | -18.88% |
| 6 | Playtika Holding | 1.35 Bn | 575.11 Mn | 552.50 Mn | 22.09% |
| 7 | Gravity | 418.32 Mn | 418.18 Mn | 35,341.61 | 23.31% |
| 8 | Meridian Holdings | 152.70 Mn | 138.17 Mn | 28.14 Mn | 24.30% |
| 9 | Firy | 128.08 Mn | -57.32 Mn | 25.51 Mn | -0.68% |
| 10 | CTW Cayman | 118.94 Mn | 99.19 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -18.88% |
| Mar 31, 2026 | -18.88% |
| Mar 31, 2026 | -18.88% |
| Dec 31, 2025 | -16.41% |
| Dec 31, 2025 | -16.41% |
| Dec 31, 2025 | -16.41% |
| Sep 30, 2025 | -13.02% |
| Sep 30, 2025 | -13.02% |
| Sep 30, 2025 | -13.02% |
| Jun 30, 2025 | -14.66% |
| Jun 30, 2025 | -14.66% |
| Jun 30, 2025 | -14.66% |
| Mar 31, 2025 | -15.30% |
| Mar 31, 2025 | -15.30% |
| Mar 31, 2025 | -15.30% |
| Dec 31, 2024 | -13.44% |
| Dec 31, 2024 | -13.44% |
| Dec 31, 2024 | -13.44% |
| Sep 30, 2024 | -16.13% |
| Sep 30, 2024 | -16.13% |