NetEase (NTES) Total Debt (2009 - 2026)
NetEase (NTES) reported Total Debt of $1.85 billion for the quarter ended Jun 30, 2026, up 18.7% from $1.56 billion a year earlier and up 17.0% from the prior quarter.
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Analysis
NetEase (NTES) Total Debt (2009 - 2026) Analysis & Trends
As of Dec 31, 2025, NetEase posted Total Debt of $912.96 million, down 45.5% from the prior year.
- Total Debt has declined for three consecutive years, with a five-year compound annual growth rate of -21.2% (years ended Dec 2020 to Dec 2025).
- By year, Total Debt came in at $1.68 billion in the year ended Dec 31, 2024 (-39.5%), $2.77 billion in the year ended Dec 31, 2023 (-30.6%), $3.99 billion in the year ended Dec 31, 2022 (+23.3%) and $3.24 billion in the year ended Dec 31, 2021 (+7.5%).
- The figure for the quarter ended Jun 30, 2026 ranks as the highest quarterly Total Debt since the quarter ended Jun 30, 2024.
- Year over year, Total Debt gained in two of the last eight quarters, with an average decline of 20.7%.
- The high point for year-over-year Total Debt in five years was the quarter ended Sep 30, 2022 (growth of 34.7%); the low point was the quarter ended Sep 30, 2023 (a decline of 62.0%).
- Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at $1.58 billion (quarter ended Mar 31, 2026), $900.16 million (quarter ended Dec 31, 2025) and $1.03 billion (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,173.87 Bn | 3,931.39 Bn | 73.85 Bn | 98.17 Bn |
| 2 | Meta Platforms | 1,849.67 Bn | 1,552.19 Bn | 49.47 Bn | 83.66 Bn |
| 3 | Netflix | 279.23 Bn | 239.43 Bn | 6.52 Bn | 14.31 Bn |
| 4 | Alibaba Group Holding | 245.86 Bn | 63.73 Bn | 15.11 Bn | 25.22 Bn |
| 5 | Shopify | 196.08 Bn | 173.27 Bn | 1.71 Bn | - |
| 6 | Uber Technologies | 138.90 Bn | 110.88 Bn | 6.38 Bn | 12.72 Bn |
| 7 | Booking Holdings | 119.48 Bn | 52.53 Bn | - | 20.18 Bn |
| 8 | PDD Holdings | 107.30 Bn | -144.64 Bn | 9.45 Bn | - |
| 9 | Spotify Technology | 97.33 Bn | 54.56 Bn | 1.86 Bn | - |
| 10 | NetEase | 74.83 Bn | 32.10 Bn | 3.13 Bn | 1.85 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.85 Bn |
| Mar 31, 2026 | 1.58 Bn |
| Dec 31, 2025 | 900.16 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 | 3.15 Bn |
API Access
NetEase Total Debt 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=total-debt&ticker=NTES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "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=total-debt&ticker=NTES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();