profit from every $100 of sales.
$0$100
NetEase
$122.63+0.41% today
-13.9% in 1 year
1-year low $109.261-year high $147.56
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $15.51 for every $1 of profit it makes in a year.
CheapExpensive
It holds more cash than debt.
No debt5 years
Money in, money out
What NetEase sold, what it kept, and what it did with the cash.
Sales went from CN¥96.5 billion in 2022 to CN¥113 billion in 2025, with CN¥33.8 billion of profit last year.
SalesProfit
NetEase handed back 30% of the cash it generated last year.
CN¥13.8B
Free cash flow 2025CN¥48.7B
Bought back its own sharesCN¥639M
Paid as dividendsCN¥13.8B
Cash vs. debtCN¥47.2B vs. CN¥6.7B
NetEase vs. similar companies
NetEase grows in the middle of these 5 and is the cheapest for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| NetEase | 15.5× · Fair price | ||
 Nintendo | 35.4× · Expensive | ||
 Electronic Arts | 59.7× · Expensive | ||
 Take-Two Interactive Software | No profit yet | ||
 Roblox | No profit yet |
AI analysis
An AI analyst reads NetEase's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of CNY | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 96,496 | 103,468 | 105,295 | 112,626 | |
| 52,766 | 63,063 | 65,807 | 72,402 | |
| 19,629 | 27,709 | 29,584 | 35,835 | |
| 22,487 | 30,764 | 32,002 | 38,082 | |
| 20,338 | 29,417 | 29,698 | 33,760 | |
| 30.85 | 45.25 | 45.95 | 52.40 | |
| 54.7% | 60.9% | 62.5% | 64.3% | |
| 20.3% | 26.8% | 28.1% | 31.8% | |
| 21.1% | 28.4% | 28.2% | 30.0% |
Balance sheet
| In millions of CNY | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 172,761 | 185,925 | 195,992 | 221,415 |
| Cash | 24,889 | 21,429 | 51,383 | 47,168 |
| Total debt | 28,462 | 20,483 | 12,817 | 6,730 |
| Total liabilities | 63,888 | 57,841 | 53,497 | 56,311 |
| 104,731 | 124,286 | 138,686 | 160,296 | |
| 659 | 650 | 646 | 644 | |
| 11.6% | 15.1% | 15.4% | 16.9% | |
| 19.4% | 23.7% | 21.4% | 21.1% |
Cash flow
| In millions of CNY | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 27,709 | 35,331 | 39,677 | 50,740 | |
| 2,643 | 4,276 | 2,206 | 2,052 | |
| 25,066 | 31,055 | 37,470 | 48,687 | |
| Dividends paid | 6,724 | 8,014 | 11,165 | 13,826 |
| 8,328 | 5,234 | 8,830 | 639 | |
| 3,174 | 3,243 | 3,883 | 3,648 |
Valuation
- 15.5×
- 1.9×
- 0.80
- 3.4×
- 4.7×
- 10.8×
- 12.7×
- 9.3%
- 6.4%
- 2.6%
Profitability
- 64.3%
- 31.8%
- 30.0%
- 35.2%
- 17.4%
- 15.2%
- 21.6%
- 14.8%
- 21.9%
- 15.6%
Growth
- +5.3%
- +19.3%
- +29.0%
- +26.8%
- −0.8%
Financial health
- -1.1×
- 0.04
- 4.7%
- –
- 3.45
- 3.28
- 0.49
How it ranks in Communication Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 13%of 435
Top 11%of 437
Top 38%of 346
Top 49%of 439
Top 30%of 439
What analysts expect
- Average price target
- $149.75
- Range
- $132.00 – $158.00
- 3 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Feb 11, 2026 | 1.57 | 2.03 | −22.7% |
| Nov 20, 2025 | 2.07 | 2.08 | −0.5% |
| Aug 14, 2025 | 2.07 | 2.04 | +1.5% |
| May 15, 2025 | 2.41 | 2.01 | +19.9% |
| Mar 6, 2025 | 1.42 | 1.73 | −17.9% |
| Nov 14, 2024 | 1.44 | 1.74 | −17.2% |
| Aug 22, 2024 | 1.66 | 1.79 | −7.3% |
| May 23, 2024 | 1.81 | 1.85 | −2.2% |
2.6%of the share price, paid each year
On $1,000 invested$26a year at today's yield, before tax
+26.8%2020 to 2025
Raised4 yearsin a row, in our data
Paid per share, each year
$0.36 in 2015 → $3.04 in 2025
How safe it looks
41.0% of its profit
Room to growStretchedMore than it earns: 28.4%
News
NetEase Non-GAAP EPADS of $1.78 misses by $0.53, revenue of $4.4B beats by $30MSeeking Alpha · Aug 20, 2026Alibaba or NetEase: Which Stock Could Soar After Earnings?Yahoo Finance · Aug 19, 2026The newest story we have is from Aug 20, 2026.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
6/7Passes 6 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
79Pass
Benjamin Graham
73Pass
Philip Fisher
89Pass
Peter Lynch
79Pass
Joel Greenblatt
52No pass
Charlie Munger
88Pass
Terry Smith
82Pass
Questions about NetEase
Is NetEase a good stock to buy?
A strong, very profitable business at a fair price. 6 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the NetEase AI analysis
What does NetEase do?
NetEase, Inc. engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally. It is in Electronic Gaming & Multimedia, based in Hangzhou, China, with 25,382 employees.
Does NetEase pay a dividend?
Yes. At today's price the dividend is 2.6% a year, about 41% of its yearly profit. In 2025 it paid out $13.8 billion in dividends.
Is NetEase stock halal?
Questionable. NetEase sits in a grey zone: short-term investments may earn interest; type not reported. How we check
How has NetEase stock done over the past year?
Down 13.9% over the past twelve months, to $122.63. It traded between $109.26 and $147.56 and is 16.9% below its high.
Who are NetEase's competitors?
The largest listed companies in the same industry are Nintendo, Electronic Arts, Take-Two Interactive Software and Roblox. The peers table on this page compares their profit, growth and price with NetEase's.
Prices: daily closes to Nov 12, 2026. Fundamentals: company reports via invest-like data.