# NetEase share price today (NetEase, Inc., NTES)

> NetEase, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. NTES · Communication Services · Electronic Gaming & Multimedia · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/ntes

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## Key numbers

- Business trend: Mixed, from fewer quarters than usual
- Price: $116.23 (−17.0% in a year)
- P/E: 15.7×, against its own history
- Revenue (Jun 2026): CNY 30.1 B (+7.9% on a year ago)
- Profit (Jun 2026): CNY 7.2 B (−21.1% on a year ago)
- Operating margin: 40.2% (+7.7 points on a year ago)
- ROE: 21%, FY25
- ROIC: 14.7%, against a 8.3% cost of capital: +6.4 points

Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. ## What is the NetEase share price today? NetEase, Inc.'s share price was $116.23 at the close on 3 November 2026. It has been falling for 3 weeks. That is 3.8% below its average price over the last 200 trading days. In the last 52 weeks it traded between $109 and $148, and at that close it sat 18% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 11 weeks running. Over the last 10 years the share price moved +214% while the S&P 500 moved +255%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 21 August 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does NetEase pay? NetEase, Inc. declared CNY 0.65 per local share for Jun 2026, and CNY 4.03 over the last four reported quarters. It reports in Chinese yuan, and one US-listed share can stand for several local shares, so we do not set this against the dollar price or show a yield. ## Which stock lists is NetEase on? NetEase is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is NetEase profitable? NetEase, Inc. earned CNY 7.2 B of net profit in the Jun 2026 quarter, −21.1% on the same quarter a year earlier. Full-year FY25 profit was CNY 34.8 B. Over 4 years profit has grown 19.7% a year on average. That is 23.8% of the quarter's revenue. The same quarter a year earlier earned CNY 9.1 B. For the full year, FY25 profit was CNY 34.8 B (+15.0% on the year before). Why profit moved: revenue changed +7.9% on a year earlier and the margin moved +7.7 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed −4.0% and revenue +6.3%. Profit is growing slower than sales: rising costs are taking part of the growth. This company reports in Chinese yuan, not US dollars, so the money charts are left out here. The figures in the text are in that currency (CNY); nothing is converted. ## How much revenue does NetEase make, and is it growing? NetEase, Inc. reported CNY 30.1 B of revenue in the Jun 2026 quarter, +7.9% on the same quarter a year earlier. That is the 6th quarter in a row with growth on the year before. Over 4 years it has grown 6.5% a year on average. The last full year, FY25, came in at CNY 113 B. The last four reported quarters add to CNY 117 B. FY25 revenue was CNY 113 B, +7.0% on the year before. Recent pace: the last four quarters grew +6.3% on average, against 6.5% a year over the longer run, so this year is growing at about the same pace as its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +6.3%, against +4.5% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −5.9%, against +6.7% a year (rolling over). This company reports in Chinese yuan, not US dollars, so the money charts are left out here. The figures in the text are in that currency (CNY); nothing is converted. ## How much of its sales does NetEase keep? NetEase, Inc.'s operating margin was 40.2% in the Jun 2026 quarter, 7.7 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between 18.7% and 31.8%. The latest quarter is above every full year in that period. Across 5 years it has been between 18.7% and 31.8%, and FY25's 31.8% is the highest of them. Why the margin moved: operating margin changed +7.7 percentage points on the year while gross margin changed +5.8 points. So the gain came mostly from the gross margin, which means input costs and prices charged. When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold. ## Is NetEase's profit turning into cash? Over the last 3 years, 133% of NetEase, Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in CNY 50.7 B of operating cash against CNY 34.8 B of profit. After CNY 1.1 B of spending on assets, CNY 49.7 B was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. This company reports in Chinese yuan, not US dollars, so the money charts are left out here. The figures in the text are in that currency (CNY); nothing is converted. ## Where does NetEase's cash go? NetEase, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent CNY 4.6 B on assets over the last 3 years. Averaged over those years that is 1.4% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: CNY 4.6 B over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. This company reports in Chinese yuan, not US dollars, so the money charts are left out here. The figures in the text are in that currency (CNY); nothing is converted. ## What is NetEase's P/E ratio, and how does it compare with its own history? NetEase, Inc.'s P/E is 15.7×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the NetEase business getting better or worse? NetEase, Inc.'s business is giving mixed signals. There is no clear direction across the growth lines, with ROCE steady at 24.6%; each line tells part of the story. This is based on 12 quarters of 3 measures, with some gaps. Why it matters: when the lines disagree, each line above matters more than any single label. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does NetEase earn on its capital? NetEase, Inc. earned a ROE of 21% in FY25. That is up from a low of 17% in FY21. Its return on capital used (ROIC) is 6.4 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 30.9% net margin and 0.51× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 30.9% net margin × 0.51× asset turnover × 1.34× leverage (assets divided by equity) ≈ 21.1% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 14.7% − 8.3% = +6.4 percentage points. The 8.3% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. A gap this wide means each dollar put back into the business creates more than a dollar of value. The 14.7% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 242.1%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does NetEase have too much debt? NetEase, Inc. has total debt of CNY 12.6 B against shareholder equity of CNY 172 B as of Jun 2026, so its debt is 0.07× its equity, which is very little. Year by year, that ratio went from 0.22 in FY21 to 0.04 in FY25. So the returns on this page come from the business, not from borrowed money. This company reports in Chinese yuan, not US dollars, so the money charts are left out here. The figures in the text are in that currency (CNY); nothing is converted. ## What is the NetEase shareholding pattern? We have no ownership or short-position figures for NetEase, Inc., so this section says so rather than fill the gap. At normal trading volumes, closing those positions would take about 3.6 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. ## How far is NetEase from balance-sheet trouble? For NetEase, Inc., the Z-score is 8.53. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 8.53 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does NetEase rank in its industry? There is no score against its industry: NetEase, Inc. is not among the largest members shown in this industry comparison for Electronic Gaming & Multimedia. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is NetEase compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to NetEase in size? NetEase is the largest of 10 Electronic Gaming & Multimedia companies on Sector Alpha by market value (scores of 3 November 2026). It is the largest. Just below it: Electronic Arts Inc., Take-Two Interactive Software, Inc., Roblox Corporation, Playtika Holding Corp., DoubleDown Interactive Co. and Gravity Co. ### Electronic Gaming & Multimedia companies close in size

1. NetEase, Inc. $75.1 billion
2. [Electronic Arts Inc.](https://www.sectoralpha.in/us/stocks/ea) $52.9 billion
3. [Take-Two Interactive Software, Inc.](https://www.sectoralpha.in/us/stocks/ttwo) $36.5 billion
4. [Roblox Corporation](https://www.sectoralpha.in/us/stocks/rblx) $32.5 billion
5. [Playtika Holding Corp.](https://www.sectoralpha.in/us/stocks/pltk) $767 million
6. [DoubleDown Interactive Co., Ltd.](https://www.sectoralpha.in/us/stocks/ddi) $659 million
7. [Gravity Co., Ltd.](https://www.sectoralpha.in/us/stocks/grvy) $474 million

[All 10 Electronic Gaming & Multimedia companies, largest first](https://www.sectoralpha.in/us/sectors/electronic-gaming-multimedia#all-companies)

### Companies close in size in other industries

1. [Manulife Financial Corporation](https://www.sectoralpha.in/us/stocks/mfc) $74.4 billion · Insurance - Life
2. [Ross Stores, Inc.](https://www.sectoralpha.in/us/stocks/rost) $73.7 billion · Apparel Retail
3. NetEase, Inc. $73.6 billion
4. [Lloyds Banking Group plc](https://www.sectoralpha.in/us/stocks/lyg) $73.4 billion · Banks - Regional
5. [América Móvil, S.A.B. de C.V.](https://www.sectoralpha.in/us/stocks/amx) $73.2 billion · Telecom Services

## What else do people ask about NetEase? ### What were NetEase's latest quarterly results? NetEase, Inc. reported revenue of CNY 30.1 B and net profit of CNY 7.2 B for the Jun 2026 quarter. Revenue rose 7.9% and profit fell 21.1% compared with a year earlier. The operating margin was 40.2%, 7.7 percentage points higher than a year earlier (as of 3 November 2026). ### What is NetEase's market cap? NetEase, Inc.'s market capitalisation is $75.1 B at a stock price of $116.23. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is NetEase performing? NetEase, Inc.'s share price has been falling for 3 weeks. In its latest quarter, revenue rose 7.9% and profit fell 21.1% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 11 weeks running (as of 3 November 2026). ### Will NetEase's stock price go up? This page does not forecast NetEase, Inc.'s stock price. What it shows instead: the stock price is $116.23, and it has been falling for 3 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is NetEase in its business cycle? NetEase, Inc.'s FY25 operating margin was 31.8%, against a 5-year range of 18.7% to 31.8%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 40.2%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the NetEase story? Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is NetEase a stock worth studying right now? What the numbers show: NetEase, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.