Financials in USD. Standardized financial statements.
A compact view of how NetEase, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $109.72B | $105.30B | $103.47B | $96.50B | $87.61B | $73.67B | $59.24B | $67.16B | $54.10B | $38.18B |
| Revenue Growth? | +4.2% | +1.8% | +7.2% | +10.1% | +18.9% | +24.4% | -11.8% | +24.1% | +41.7% | 0.0% |
| Cost of Revenue? | $39.19B | $39.49B | $40.40B | $43.73B | $40.64B | $34.68B | $27.69B | $38.75B | $28.19B | $16.52B |
| Gross Profit? | $70.53B | $65.81B | $63.06B | $52.77B | $46.97B | $38.98B | $31.56B | $28.40B | $25.91B | $21.66B |
| Gross Margin? | +64.3% | +62.5% | +60.9% | +54.7% | +53.6% | +52.9% | +53.3% | +42.3% | +47.9% | +56.7% |
| Operating Expenses? | $35.62B | $36.22B | $35.35B | $33.14B | $30.55B | $24.44B | $17.76B | $20.51B | $13.76B | $9.03B |
| Operating Income? | $34.91B | $29.58B | $27.71B | $19.63B | $16.42B | $14.54B | $13.79B | $7.89B | $12.15B | $12.63B |
| EBITDA? | $37.10B | $32.00B | $30.76B | $22.49B | $19.69B | $18.00B | $16.40B | $12.04B | $13.79B | $12.96B |
| Income Before Tax | $39.78B | $35.72B | $34.06B | $24.25B | $21.10B | $15.37B | $16.38B | $8.94B | $13.01B | $13.90B |
| Income Tax Expense | $5.88B | $5.46B | $4.70B | $5.03B | $4.13B | $3.04B | $2.91B | $2.47B | $2.16B | $2.10B |
| Net Income? | $32.89B | $29.70B | $29.42B | $20.34B | $16.86B | $12.06B | $21.24B | $6.15B | $10.71B | $11.60B |
| EPS? | $10.35 | $9.28 | $9.16 | $6.23 | $5.07 | $3.65 | $6.53 | $1.89 | $3.25 | $3.54 |
| Diluted EPS? | $10.21 | $9.19 | $9.05 | $6.17 | $5.01 | $3.60 | $6.53 | $1.89 | $3.23 | $3.51 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality