NetEase, Inc. (NTES) Earnings History
Elite Compounder27 years of earnings data (1999–2025) · 5-year EPS CAGR exceeds 18% — top-tier earnings quality
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NetEase, Inc. (NTES) Earnings Overview
As of July 8, 2026, NetEase, Inc. (NTES) reported trailing twelve-month net income of $34.13B, reflecting +13.7% year-over-year growth. The company earned $52.88 per diluted share over the past four quarters, with a net profit margin of 30.0%.
Looking at the long-term picture, NTES's 5-year EPS compound annual growth rate (CAGR) stands at +23.8%, indicating exceptional earnings growth. The company achieved its highest annual net income of $33.76B in fiscal 2025, representing a new all-time high.
NetEase, Inc. maintains industry-leading profitability with a gross margin of 64.3%, operating margin of 31.8%, and net margin of 30.0%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including BIDU ($624M net income, 4.3% margin), BILI ($220M net income, 3.9% margin), HUYA (-$153M net income, -1.7% margin), NTES has outperformed on profitability metrics. Compare NTES vs BIDU →
NTES Earnings vs Peers
Earnings metrics vs comparable public companies
NTES Historical Earnings Data (1999–2025)
27 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $33.76B | +13.7% | $35.83B | $52.25 | 30.0% | 31.8% |
| 2024 | $29.70B | +1.0% | $29.58B | $45.95 | 28.2% | 28.1% |
| 2023 | $29.42B | +44.6% | $27.71B | $45.25 | 28.4% | 26.8% |
| 2022 | $20.34B | +20.6% | $19.63B | $30.20 | 21.1% | 20.3% |
| 2021 | $16.86B | +39.7% | $16.42B | $25.05 | 19.2% | 18.7% |
| 2020 | $12.06B | -43.2% | $14.54B | $18.00 | 16.4% | 19.7% |
| 2019 | $21.24B | +245.2% | $13.79B | $20.40 | 35.8% | 23.3% |
| 2018 | $6.15B | -42.5% | $9.98B | $12.75 | 12.0% | 19.5% |
| 2017 | $10.71B | -7.7% | $12.99B | $16.15 | 24.1% | 29.2% |
| 2016 | $11.60B | +72.3% | $12.63B | $17.55 | 30.4% | 33.1% |
| 2015 | $6.74B | +41.6% | $7.27B | $10.20 | 29.5% | 31.9% |
| 2014 | $4.76B | +7.0% | $4.77B | $7.25 | 40.6% | 40.7% |
| 2013 | $4.44B | +22.2% | $4.35B | $6.80 | 48.3% | 47.3% |
| 2012 | $3.64B | +12.5% | $3.71B | $5.55 | 44.4% | 45.3% |
| 2011 | $3.23B | +44.7% | $3.32B | $4.95 | 44.4% | 45.6% |
| 2010 | $2.24B | +20.8% | $2.54B | $2.85 | 40.6% | 46.2% |
| 2009 | $1.85B | +15.9% | $2.02T | $2.85 | 49.3% | 53858.5% |
| 2008 | $1.60B | +26.3% | $1.91B | $2.45 | 51.8% | 62.1% |
| 2007 | $1.26B | +1.7% | $1.21B | $1.90 | 57.1% | 54.5% |
| 2006 | $1.24B | +33.3% | $1.28B | $1.80 | 57.4% | 59.1% |
| 2005 | $932M | +111.1% | $977M | $0.33 | 57.8% | 60.6% |
| 2004 | $441M | +36.7% | $448M | $0.16 | 48.9% | 49.5% |
| 2003 | $323M | +1881.4% | $327M | $0.13 | 59.6% | 60.3% |
| 2002 | $16M | +107.0% | $4M | $0.01 | 7.4% | 1.8% |
| 2001 | -$233M | -63.1% | -$232M | $-0.13 | -821.9% | -819.4% |
| 2000 | -$143M | -174.5% | -$168M | $-0.07 | -219.3% | -258.1% |
| 1999 | -$52M | - | -$53M | $-0.03 | -332.7% | -341.0% |
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NTES — Frequently Asked Questions
Quick answers to the most common questions about buying NTES stock.
What is NTES earnings per share (EPS)?
NTES trailing twelve-month (TTM) diluted EPS is $52.88, reflecting +13.7% year-over-year growth. The 5-year EPS CAGR is +23.8%. Complete EPS history from 1999 to 2025 is available in the table on this page.
What is NetEase, Inc.'s net income?
NetEase, Inc. (NTES) trailing twelve-month net income is $34.1B as of 2025. Earnings grew +13.7% year-over-year. NetEase, Inc. has been profitable for 24 consecutive years.
Is NTES profitable?
Yes, NTES is profitable with a TTM net income of $34.1B and a net profit margin of +30.0%. NetEase, Inc. has generated profits for 24 consecutive years.
What is NTES's earnings growth rate?
NTES compound annual EPS growth rates (CAGR): 1-Year: +13.7%, 3-Year: +20.0%, 5-Year: +23.8%, 10-Year: +17.7%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1999 to 2025.
What are NTES's profit margins?
NetEase, Inc. net profit margin is +30.0%, operating margin is +31.8%, and gross margin is +64.3%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +21.9%.
Is NTES growing earnings?
NTES is growing earnings steadily. YoY EPS growth of +13.7% is consistent with the 5-year CAGR of +23.8%. TTM net income is $34.1B.
What was NTES's best earnings year?
NetEase, Inc.'s highest annual net income on record is $33.8B, achieved in fiscal year 2025. Earnings history on this page spans 1999 to 2025 and includes all annual and quarterly figures.
What were NTES's earnings last quarter?
NTES's most recent reported quarter was Q1 2026. Net income was $10.7B with diluted EPS of $16.55. For a full breakdown of all quarters, see the quarterly earnings table on this page.