NetEase, Inc. (NTES) Earnings History
Annual and quarterly earnings data from 1999 to 2025
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NTES EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
NTES Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 64.3% | 31.8% | 30.0% |
| 2024 | 62.5% | 28.1% | 28.2% |
| 2023 | 60.9% | 26.8% | 28.4% |
| 2022 | 54.7% | 20.3% | 21.1% |
| 2021 | 53.6% | 18.7% | 19.2% |
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NetEase, Inc. (NTES) Earnings Overview
As of May 8, 2026, NetEase, Inc. (NTES) reported trailing twelve-month net income of $33.67B, reflecting +11.0% year-over-year growth. The company earned $52.16 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 +23.2%, indicating exceptional earnings growth. The company achieved its highest annual net income of $32.84B 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 ($9.00B net income, 17.8% margin), BILI ($220M net income, -5.0% margin), HUYA (-$153M net income, -0.8% 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 | $32.84B | +10.6% | $34.86B | $51.00 | 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% |
Full NTES Stock Analysis
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Start ComparisonNTES — Frequently Asked Questions
Quick answers to the most common questions about buying NTES stock.
Is NTES growing earnings?
NTES EPS stands at $52.16, with +11.0% growth matching the 5-year CAGR of +23.2%. TTM net income is $33.7B. Earnings trajectory remains consistent.
What are NTES's profit margins?
NetEase, Inc. net margin is +30.0%, with operating margin at +31.8%. Above-average margins indicate pricing power.
How consistent are NTES's earnings?
NTES earnings data spans 1999-2025. The current earnings trend is +11.0% YoY. Historical data enables comparison across business cycles.