NetEase (NTES) Total Debt (2009 - 2026)
NetEase's (NTES) quarterly Total Debt came in at $1.9 billion in Q2 2026, up 18.73% on a YoY basis from $1.6 billion in Q2 2025, and up 17.03% quarter-over-quarter from $1.6 billion in Q1 2026.
Analysis
NetEase (NTES) Total Debt (2009 - 2026) Analysis & Trends
NetEase (NTES) has reported Total Debt for 18 consecutive years, with $1.9 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Total Debt rose 18.73% year-over-year to $1.9 billion; the trailing twelve-month figure through Jun 2026 stood at $1.9 billion (up 18.73% YoY), and the FY2025 full-year result was $914.6 million, down 45.49% from the prior year.
- Total Debt rose to $1.9 billion in Q2 2026 per NTES's latest filing, from $1.6 billion in the prior quarter.
- Across five years, Total Debt topped out at $4.8 billion in Q2 2022 and bottomed at $901.8 million in Q4 2025.
- Historically, Total Debt has averaged $2.5 billion across 5 years, with a median of $1.9 billion in 2024.
- The sharpest annual moves came in 2022 and 2023: Total Debt soared 39.82% in 2022, then slumped 62.01% in 2023.
- Over 5 years, Total Debt stood at $3.9 billion in 2022, then retreated by 29.43% to $2.7 billion in 2023, then tumbled by 37.59% to $1.7 billion in 2024, then plunged by 47.11% to $901.8 million in 2025, then jumped by 105.26% to $1.9 billion in 2026.
- According to Business Quant data, Total Debt over the past three periods registered $1.9 billion, $1.6 billion, and $901.8 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | NetEase | 73.81 Bn | 63.67 Bn | 3.13 Bn | 1.85 Bn |
| 2 | Electronic Arts | 52.84 Bn | 50.56 Bn | 1.71 Bn | 1.49 Bn |
| 3 | Take Two Interactive Software | 40.29 Bn | 38.47 Bn | 882.50 Mn | 3.15 Bn |
| 4 | Roblox | 32.49 Bn | 29.45 Bn | 1.18 Bn | 1.01 Bn |
| 5 | The9 | 3.01 Bn | 3.00 Bn | 319,000.00 | 23.62 Mn |
| 6 | Playtika Holding | 881.03 Mn | 442.53 Mn | 538.20 Mn | 2.58 Bn |
| 7 | DoubleDown Interactive | 628.34 Mn | 74.78 Mn | 71.22 Mn | 32.44 Mn |
| 8 | Gravity | 495.39 Mn | 494.95 Mn | 34,891.11 | - |
| 9 | Sohu.com | 356.62 Mn | -476.01 Mn | 133.81 Mn | - |
| 10 | Gdev | 206.92 Mn | 124.67 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.85 Bn |
| Mar 31, 2026 | 1.58 Bn |
| Dec 31, 2025 | 901.81 Mn |
| Sep 30, 2025 | 1.03 Bn |
| Jun 30, 2025 | 1.56 Bn |
| Mar 31, 2025 | 1.35 Bn |
| Dec 31, 2024 | 1.70 Bn |
| Sep 30, 2024 | 1.54 Bn |
| Jun 30, 2024 | 1.88 Bn |
| Mar 31, 2024 | 3.53 Bn |
| Dec 31, 2023 | 2.73 Bn |
| Sep 30, 2023 | 1.61 Bn |
| Jun 30, 2023 | 2.26 Bn |
| Mar 31, 2023 | 4.55 Bn |
| Dec 31, 2022 | 3.87 Bn |
| Sep 30, 2022 | 4.24 Bn |
| Jun 30, 2022 | 4.76 Bn |
| Mar 31, 2022 | 4.07 Bn |
| Dec 31, 2021 | 3.23 Bn |
| Sep 30, 2021 | 3.03 Bn |