NetEase, Inc.
Rank #191Capital ReturnNETTF · OTC · Communication Services
NetEase, Inc. (NETTF) — Rank #191 by gross profitability (GP/assets 0.33) · ROE 21.1% · Piotroski F-Score N/A.
As-of 2026-09-28 · CIK 0001110646 · all metrics point-in-time as of the filing date.
About
NetEase, Inc. engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally.
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The company operates through Games and Related Value-Added Services; Youdao; NetEase Cloud Music; and Innovative Businesses and Others segments. It develops and operates mobile and PC games; and offers games licensed from other developers. The company also provides live streaming service, and other related or ancillary value-added services related to games, such as the sale of game-themed merchandise. In addition, it offers digital content services with interactive learning features, including Youdao Lingshi and Youdao Literature; STEAM courses consisting computer coding courses and other STEAM courses; and adult courses, such as China University massive open online course. Further, the company provides Youdao Dictionary, an online language tool; Confucius, a large language model for the education sector; Hi Echo, an AI-driven virtual English-speaking tutor; Mr. P AI Tutor, a conversation-based tool; Youdao Desktop Translation, a desktop dictionary tool; U-Dictionary, an online dictionary and translation app; iRecord, an audio transcription tool; LectMate, an interpretation software for study-abroad lecture scenarios; iArch, an AI home design software; Baby Genius, an AI baby generator; and One Translate Translator, a translation tool for travelers. It also offers online marketing services consisting of performance-based advertising services, and global marketing and promotion services through banners, text links, videos, logos, buttons, and rich media. Additionally, the company develops and offers smart devices, including Youdao Dictionary Pen, Youdao Listening Pod, and Youdao Smart Learning Pad. NetEase, Inc. was formerly known as NetEase.com, Inc. and changed its name to NetEase, Inc. in March 2012.
The company was founded in 1997 and is headquartered in Hangzhou, the People's Republic of China.
- Industry
- Electronic Gaming & Multimedia
- Sector
- Communication Services
- State
- E9
- Filer Category
- Large accelerated filer
- Website
- ir.netease.com
Financials
Strengthening
Direction over 5 fiscal years
- Free cash flowimproving
- Gross marginimproving
- Gross profitabilitystable
- Net cashimproving
- Operating marginimproving
- Return on equityimproving
- Share count (dilution)improving
Monitoring diagnostic of business direction — not a prediction of returns.
Each fiscal year is read as-of that year’s own 10-K filing, so nothing restated after the fact leaks backwards. Line items this filer never tagged are omitted. Hover or tap a badge for the diagnostic behind it.
| Fiscal year end | 2025-12-31filed 2026-04-15 | 2024-12-31filed 2025-04-15 | 2023-12-31filed 2024-04-25 | 2022-12-31filed 2023-04-27 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 112,625.8 | 105,295.2 | 103,468.2 | 96,495.8 |
| Revenue growth (YoY) | 7.0% | 1.8% | 7.2% | 10.1% |
| Gross profit | 72,401.9 | 65,807.1 | 63,063.4 | 52,766.1 |
| Gross margin | 64.3% | 62.5% | 60.9% | 54.7% |
| Net income | 33,759.8 | 29,697.6 | 29,416.6 | 20,337.6 |
| Net margin | 30.0% | 28.2% | 28.4% | 21.1% |
| EPS (diluted) | $10.48 | $9.19 | $9.05 | $6.17 |
| EPS growth (YoY) | 14.0% | 1.5% | 46.7% | — |
| Cash flow | ||||
| Operating cash flow | 50,739.8 | 39,676.8 | 35,331.3 | 27,709.2 |
| Capital expenditures | 1,065.4 | 1,275.4 | 2,301.6 | 2,100.3 |
| Free cash flow | 49,674.4 | 38,401.4 | 33,029.7 | 25,609.0 |
Figures are as originally filed with the SEC (point-in-time), not restated, so they can differ slightly from sites that show later-restated numbers. Why point-in-time?