NetEase
$121.16Change from previous close: −0.54%Absolute change: −$0.66
At a glance
- Revenue growth
- +6.96%
- 2025 vs 2024
- Net income growth
- +13.68%
- 2025 vs 2024
- Net margin
- 30.0%
- 2024: 28.2%
Financial data
Amounts in millions of CNY; per-share values in CNY; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total revenue | 112,626 | 105,295 | 103,468 | 96,496 | 87,606 |
| Cost of revenue | 40,224 | 39,488 | 40,405 | 43,730 | 40,635 |
| Gross profit | 72,402 | 65,807 | 63,063 | 52,766 | 46,971 |
| Selling, general and administrative | 18,848 | 18,698 | 18,869 | 18,099 | 16,478 |
| Research and development | 17,719 | 17,525 | 16,485 | 15,039 | 14,076 |
| Operating income | 35,835 | 29,584 | 27,709 | 19,629 | 16,417 |
| EBIT | 35,835 | 29,584 | 27,709 | 19,629 | 16,417 |
| EBITDA | 38,082 | 32,002 | 30,764 | 22,487 | 19,693 |
| Interest expense | 334 | 598 | — | — | — |
| Pre-tax income | 40,830 | 35,718 | 34,057 | 24,250 | 21,104 |
| Income tax | 6,033 | 5,461 | 4,700 | 5,032 | 4,128 |
| Net income | 33,760 | 29,698 | 29,417 | 20,338 | 16,857 |
| Net income to common shareholders | 33,760 | 29,698 | 29,417 | 20,338 | 16,857 |
| Basic EPS | 10.59 | 9.28 | 9.15 | 6.23 | 5.07 |
| Diluted EPS | 10.48 | 9.19 | 9.05 | 6.17 | 5.01 |
| Average shares (basic) | 3,186 | 3,200 | 3,216 | 3,263 | 3,326 |
| Average shares (diluted) | 3,218 | 3,231 | 3,252 | 3,296 | 3,367 |
| Dividend per share | 4.16 | 3.77 | 3.64 | 1.91 | 1.49 |