NetEase (NTES) Total Debt (2009 - 2026)
NetEase (NTES) reported Total Debt of $1.86 billion for the quarter ended Jun 30, 2026, up 18.2% from $1.57 billion a year earlier and up 17.2% from the prior quarter.
Powered by 
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 -21.1% (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 (+8.3%).
- 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 20.4%.
- The high point for year-over-year Total Debt in five years was the quarter ended Sep 30, 2022 (growth of 34.3%); the low point was the quarter ended Mar 31, 2025 (a decline of 61.3%).
- Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at $1.59 billion (quarter ended Mar 31, 2026), $912.57 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 | 3,624.96 Bn | 3,359.86 Bn | 76.16 Bn | 125.10 Bn |
| 2 | Meta Platforms | 1,640.16 Bn | 1,304.68 Bn | 51.23 Bn | 80.92 Bn |
| 3 | Netflix | 255.21 Bn | 216.51 Bn | 6.80 Bn | 15.13 Bn |
| 4 | Alibaba Group Holding | 219.23 Bn | 41.30 Bn | 15.16 Bn | 21.57 Bn |
| 5 | Shopify | 189.29 Bn | 174.44 Bn | 1.78 Bn | - |
| 6 | Uber Technologies | 142.08 Bn | 113.28 Bn | 6.42 Bn | 15.66 Bn |
| 7 | AppLovin | 135.54 Bn | 124.07 Bn | 1.94 Bn | 3.52 Bn |
| 8 | Spotify Technology | 126.14 Bn | 83.06 Bn | 1.89 Bn | 69.18 Mn |
| 9 | Booking Holdings | 119.69 Bn | 53.43 Bn | - | 20.06 Bn |
| 10 | NetEase | 78.00 Bn | 36.89 Bn | 3.13 Bn | 1.86 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.86 Bn |
| Mar 31, 2026 | 1.59 Bn |
| Dec 31, 2025 | 912.57 Mn |
| Sep 30, 2025 | 1.03 Bn |
| Jun 30, 2025 | 1.57 Bn |
| Mar 31, 2025 | 1.35 Bn |
| Dec 31, 2024 | 1.68 Bn |
| Sep 30, 2024 | 1.57 Bn |
| Jun 30, 2024 | 1.87 Bn |
| Mar 31, 2024 | 3.50 Bn |
| Dec 31, 2023 | 2.77 Bn |
| Sep 30, 2023 | 1.60 Bn |
| Jun 30, 2023 | 2.18 Bn |
| Mar 31, 2023 | 4.53 Bn |
| Dec 31, 2022 | 3.95 Bn |
| Sep 30, 2022 | 4.07 Bn |
| Jun 30, 2022 | 4.68 Bn |
| Mar 31, 2022 | 4.07 Bn |
| Dec 31, 2021 | 3.24 Bn |
| Sep 30, 2021 | 3.03 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();