NetEase, Inc. (NTES) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	116.5B	112.6B	105.3B	103.5B	96.5B
Cost of Revenue	38.3B	40.2B	39.5B	40.4B	43.7B
Gross Profit	78.2B	72.4B	65.8B	63.1B	52.8B
Operating Expenses
R&D Expense	18.1B	17.7B	17.5B	16.5B	15.0B
SG&A Expense	19.1B	18.8B	18.7B	18.9B	18.1B
General & Admin Expense	2.9B	4.2B	4.6B	4.9B	4.7B
Selling & Marketing Expense	11.8B	14.6B	14.1B	14.0B	13.4B
Other Expenses	—	—	—	—	—
Total Operating Expenses	37.2B	36.6B	36.2B	35.4B	33.1B
Cost and Expenses	75.5B	76.8B	75.7B	75.8B	76.9B
Operating Income (EBIT)	41.0B	35.8B	29.6B	27.7B	19.6B
Non-Operating
Interest Income	4.4B	4.6B	4.9B	4.1B	2.1B
Interest Expense	—	—	—	—	—
Net Interest Income	4.4B	4.6B	4.9B	4.1B	2.1B
Other Non-Op Income/Expense	(347.8M)	5.0B	6.1B	6.3B	4.6B
Non-Operating Income (excl Interest)	(2.1B)	(5.0B)	(6.1B)	(6.3B)	(4.6B)
EBT (Pre-Tax Income)	40.7B	40.8B	35.7B	34.1B	24.3B
Income Tax Expense	7.5B	6.0B	5.5B	4.7B	5.0B
Bottom Line
Net Income	32.5B	33.8B	29.7B	29.4B	20.3B
Earnings from Cont. Ops	33.2B	34.8B	30.3B	29.4B	19.2B
Earnings from Discont. Ops	—	—	—	—	624.9M
Bottom Line Net Income	32.5B	33.8B	29.7B	29.4B	20.3B
Per Share
Basic EPS	$50.70	$52.90	$45.95	$45.75	$31.15
Diluted EPS	$50.20	$52.25	$45.95	$45.25	$30.20
Revenue Per Share	$181.89	$176.43	$162.97	$159.16	$147.84
Shares
Basic Shares Outstanding	640.6M	638.4M	646.1M	650.1M	652.7M
Diluted Shares Outstanding	644.3M	645.6M	646.1M	650.4M	673.5M
Profitability Metrics
EBITDA	45.4B	43.1B	38.1B	37.1B	27.1B
D&A	2.2B	2.2B	2.4B	3.1B	2.9B
EBIT	43.2B	40.8B	35.7B	34.1B	24.3B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026