---
title: "NetEase (NTES.US) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/NTES.US/norm.md"
symbol: "NTES.US"
name: "NetEase"
parent: "https://longbridge.com/en/quote/NTES.US.md"
datetime: "2026-05-20T07:23:34.008Z"
locales:
  - [en](https://longbridge.com/en/quote/NTES.US/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/NTES.US/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/NTES.US/norm.md)
---

# NetEase (NTES.US) — Financial Reports

## Income Statement (USD)

| Indicator | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| EPS | 1.38 | 1.88 | 1.86 | 2.21 | 1.87 |
| ROE | 15.77% | 22.54% | 23.45% | 29.17% | 25.89% |
| Revenue | 3.94B | 3.98B | 3.89B | 3.97B | 3.66B |
| Net income | 892.22M | 1.21B | 1.20B | 1.42B | 1.20B |
| Operating income | 1.19B | 1.13B | 1.26B | 1.44B | 1.07B |
| Gross margin | 64.23% | 64.10% | 64.72% | 64.10% | 60.84% |
| Net margin | 22.66% | 30.38% | 30.84% | 35.73% | 32.77% |
| Profit quality | 56.12% | 61.89% | 83.42% | 86.24% | 60.11% |

## Balance Sheet (USD)

| Indicator | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| A&L | 31.65B | 30.13B | 29.07B | 27.65B | 26.85B |
| Leverage | 1.34 | 1.33 | 1.35 | 1.36 | 1.38 |
| BVPS | 35.89 | 34.39 | 32.71 | 31.19 | 29.99 |
| Turnover | 0.5396 | 0.5600 | 0.5598 | 0.5419 | 0.5514 |
| Cash & STI | 23.48B | 20.94B | 20.45B | 19.29B | 18.86B |
| Inv & Rec | 98.51M | 89.52M | 82.51M | 71.28M | 78.30M |
| LT assets | 1.25B | 1.20B | 1.18B | 1.16B | 1.24B |
| Net debt | -22.51B | -19.91B | -18.88B | -17.94B | -17.11B |

## Cash Flow Statement (USD)

| Indicator | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | 2.12B | 1.82B | 1.51B | 1.67B | 1.78B |
| Investing CF | 55.36M | -3.46B | 542.80M | -1.77B | 2.83B |
| Financing CF | -504.37M | -897.77M | -272.09M | -1.14B | -337.43M |
| Free CF | 2.19B | 528.32M | 1.07B | 953.34M | 1.31B |
| OCF coverage | 401.92% | 148.03% | 213.96% | 107.82% | 770.64% |
| Repaid & issued | 5.19M | 283.51M | 452.95M | 378.25M | 62.61M |
| CapEx | -19.70M | -39.84M | -26.47M | -62.51M | -42.74M |

## Distribution Plan

**Dividend Yield**: 2.59

### Dividend History

| Description | Record Date | Ex-Date | Payment Date |
|-------------|-------------|---------|--------------|
| Cash Dividend: 
1.16USD | 2026-03-16 | 2026-03-16 | 2026-03-27 |
| Cash Dividend: 
0.57USD | 2025-12-05 | 2025-12-05 | 2025-12-19 |
| Cash Dividend: 
0.675USD | 2025-05-30 | 2025-05-30 | 2025-06-13 |