Netease, Inc. NETTF
Annual
Quarterly
FY2025 · ended Dec 31, 2025 · Revenue $16.11B, +11.6% YoY · Filed Apr 15, 2026
Netease, Inc. (NTES) files with the SEC under industry code 7372, Services-Prepackaged Software. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $16.1 billion and net income of $5.0 billion. Free cash flow was $7.1 billion. As of Dec 31, 2025 it held $12.6 billion in cash and investments and $49.4 million in total debt.
Revenue
$16.11B
+11.6% vs prior year
Net income
$4.98B
+20.0% vs prior year
Operating cash flow
$7.26B
+33.5% vs prior year
Free cash flow
$7.10B
+35.0% vs prior year
EPS
$1.50
+19.0% vs prior year
Dividend per share
None
Shares outstanding
3.19B
+0.8% vs prior year
Net cash
$12.60B
FY 2025
Operating margin
31.8%
FY 2025
Company profile
- Industry
- Services-Prepackaged Software (SIC 7372)
- Listed as
- NTES (Nasdaq), NETTF (OTC)
- Incorporated in
- Cayman Islands
- Headquarters
- Kowloon, Hong Kong
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1110646
- Former names
- NETEASE.COM, INC. (until Mar 22, 2012); NETEASE COM INC (until Jul 8, 2004)
Other Services-Prepackaged Software companies
- Microsoft Corp MSFT
- Palantir Technologies Inc. PLTR
- Oracle Corp ORCL
- Sap SE SAP
- CrowdStrike Holdings, Inc. CRWD
- Shopify Inc. SHOP
- Salesforce, Inc. CRM
- ServiceNow, Inc. NOW
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $16.1B | $14.4B | $14.6B | $14.0B | $13.7B |
| Operating income | $5.1B | $4.1B | $3.9B | $2.8B | $2.6B |
| Net income | $5.0B | $4.1B | $4.1B | $2.9B | $2.7B |
| Diluted EPS | $1.50 | $1.26 | $1.27 | $0.89 | $0.79 |
| Operating cash flow | $7.3B | $5.4B | $5.0B | $4.0B | $3.9B |
| Free cash flow | $7.1B | $5.3B | $4.7B | $3.7B | $3.7B |
| Total assets | $31.7B | $26.9B | $26.2B | $25.0B | $24.1B |
| Total liabilities | $8.1B | $7.3B | $8.1B | $9.3B | $8.5B |
| Stockholders' equity | $22.9B | $19.0B | $17.5B | $15.2B | $15.0B |
| Cash and investments | $12.6B | $11.3B | $6.7B | $7.4B | $7.2B |
| Total debt | $49.4M | $138.7M | $175.1M | $665.0M | $367.5M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 6-K | Current report (foreign issuer) | Nov 2, 2026 | Nov 2, 2026 |
| 6-K | Current report (foreign issuer) | Oct 7, 2026 | Oct 7, 2026 |
| 6-K | Current report (foreign issuer) | Sep 30, 2026 | Sep 30, 2026 |
| 6-K | Current report (foreign issuer) | Sep 24, 2026 | Sep 24, 2026 |
| 6-K | Current report (foreign issuer) | Sep 4, 2026 | Sep 4, 2026 |
| 6-K | Current report (foreign issuer) | Aug 28, 2026 | Aug 28, 2026 |
All 442 Netease, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.