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Q3 FY2026 · Earnings report
EPS estimate 2.44Revenue estimate 4.51B
Q3 FY2026 · Earnings report
EPS estimate 2.44Revenue estimate 4.51B
NetEase operating income 1999–2026
NetEase's operating income in Q2 FY2026, the three months to 30 June 2026, was 12.06B CNY, up 33.0% on the same quarter a year before. NetEase's operating income over the last twelve months was 41.04B CNY, up 19.1% on the twelve months before. In fiscal year 2025 it was 35.83B CNY, up 21.1% on the year before.
Last updated 6 Nov 2026 · Next report 19 Nov 2026
Operating income
Operating income · +17.3% a year over 10 yearsOperating margin
Growth
| Fiscal year | Period ending | Operating income | Growth | Operating margin | Gross profit | Gross margin | EBITDA |
|---|---|---|---|---|---|---|---|
| TTM | 30 Jun 2026 | 41.04B | +19.07% | 35.23% | 78.24B | 67.15% | 45.36B |
| FY2025 | 31 Dec 2025 | 35.83B | +21.13% | 31.82% | 72.40B | 64.29% | 43.08B |
| FY2024 | 31 Dec 2024 | 29.58B | +6.77% | 28.10% | 65.81B | 62.50% | 38.14B |
| FY2023 | 31 Dec 2023 | 27.71B | +41.17% | 26.78% | 63.06B | 60.95% | 37.11B |
| FY2022 | 31 Dec 2022 | 19.63B | +19.56% | 20.34% | 52.77B | 54.68% | 27.11B |
| FY2021 | 31 Dec 2021 | 16.42B | +12.92% | 18.74% | 46.97B | 53.62% | 24.38B |
| FY2020 | 31 Dec 2020 | 14.54B | +5.42% | 19.74% | 38.98B | 52.92% | 18.00B |
| FY2019 | 31 Dec 2019 | 13.79B | +38.22% | 23.28% | 31.56B | 53.27% | 16.40B |
| FY2018 | 31 Dec 2018 | 9.98B | -23.22% | 19.50% | 28.40B | 55.50% | 12.04B |
| FY2017 | 31 Dec 2017 | 12.99B | +2.90% | 29.24% | 25.91B | 58.31% | 13.79B |
| FY2016 | 31 Dec 2016 | 12.63B | +73.66% | 33.08% | 21.66B | 56.74% | 12.96B |
| FY2015 | 31 Dec 2015 | 7.27B | +52.61% | 31.89% | 13.40B | 58.78% | 7.45B |
| FY2014 | 31 Dec 2014 | 4.77B | +9.48% | 40.68% | 8.45B | 72.15% | 4.94B |
| FY2013 | 31 Dec 2013 | 4.35B | +17.27% | 47.33% | 6.72B | 73.05% | 4.51B |
| FY2012 | 31 Dec 2012 | 3.71B | +11.68% | 45.26% | 5.62B | 68.56% | 3.95B |
| FY2011 | 31 Dec 2011 | 3.32B | +30.62% | 45.58% | 4.92B | 67.46% | 3.62B |
| FY2010 | 31 Dec 2010 | 2.54B | -99.87% | 46.20% | 2.78B | 50.56% | 2.78B |
| FY2009 | 31 Dec 2009 | 2.02T | +105,586.60% | 53,858.52% | 2.78B | 74.12% | 2.17B |
| FY2008 | 31 Dec 2008 | 1.91B | +58.81% | 62.07% | 2.52B | 81.86% | 2.01B |
| FY2007 | 31 Dec 2007 | 1.21B | -5.80% | 54.47% | 1.80B | 81.23% | 1.30B |
| FY2006 | 31 Dec 2006 | 1.28B | +31.02% | 59.13% | 1.78B | 82.38% | 1.45B |
| FY2005 | 31 Dec 2005 | 976.82M | +118.28% | 60.58% | 1.34B | 82.93% | 1.07B |
| FY2004 | 31 Dec 2004 | 447.51M | +36.92% | 49.53% | 719.79M | 79.66% | 500.33M |
| FY2003 | 31 Dec 2003 | 326.84M | +8,033.99% | 60.28% | 456.75M | 84.24% | 361.43M |
| FY2002 | 31 Dec 2002 | 4.02M | — | 1.82% | 149.23M | 67.56% | 37.10M |
| FY2001 | 31 Dec 2001 | -231.93M | — | -819.38% | -31.76M | -112.22% | -212.32M |
| FY2000 | 31 Dec 2000 | -167.87M | — | -258.05% | 32.87M | 50.53% | -150.59M |
| FY1999 | 31 Dec 1999 | -53.26M | — | -340.99% | 4.50M | 28.81% | -51.31M |
| Quarter | Period ending | Operating income | Growth on a year before | Operating margin | Gross profit | Gross margin | EBITDA |
|---|---|---|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | 12.06B | +33.04% | 40.16% | 21.16B | 70.47% | 12.49B |
| Q1 FY2026 | 31 Mar 2026 | 12.66B | +21.22% | 41.37% | 21.22B | 69.36% | 13.80B |
| Q4 FY2025 | 31 Dec 2025 | 8.32B | +6.36% | 30.20% | 17.69B | 64.23% | 8.34B |
| Q3 FY2025 | 30 Sept 2025 | 8.01B | +12.13% | 28.26% | 18.18B | 64.10% | 10.73B |
| Q2 FY2025 | 30 Jun 2025 | 9.06B | +29.57% | 32.49% | 18.05B | 64.72% | 11.08B |
| Q1 FY2025 | 31 Mar 2025 | 10.44B | +36.98% | 36.22% | 18.48B | 64.10% | 12.93B |
| Q4 FY2024 | 31 Dec 2024 | 7.82B | +13.87% | 29.24% | 16.27B | 60.84% | 11.00B |
| Q3 FY2024 | 30 Sept 2024 | 7.15B | -5.44% | 27.27% | 16.48B | 62.86% | 8.52B |
| Q2 FY2024 | 30 Jun 2024 | 6.99B | +15.35% | 27.44% | 16.04B | 62.95% | 8.76B |
| Q1 FY2024 | 31 Mar 2024 | 7.62B | +5.57% | 28.39% | 17.02B | 63.37% | 9.86B |
| Q4 FY2023 | 31 Dec 2023 | 6.87B | +54.92% | 25.31% | 16.83B | 61.99% | 8.40B |
| Q3 FY2023 | 30 Sept 2023 | 7.56B | +59.39% | 27.71% | 16.97B | 62.22% | 9.75B |
| Q2 FY2023 | 30 Jun 2023 | 6.06B | +22.57% | 25.25% | 14.38B | 59.87% | 9.53B |
| Q1 FY2023 | 31 Mar 2023 | 7.22B | +31.11% | 28.83% | 14.90B | 59.48% | 9.42B |
| Q4 FY2022 | 31 Dec 2022 | 4.43B | -3.79% | 17.49% | 13.24B | 52.24% | 5.55B |
| Q3 FY2022 | 30 Sept 2022 | 4.74B | +25.60% | 19.41% | 13.74B | 56.27% | 8.92B |
| Q2 FY2022 | 30 Jun 2022 | 4.95B | +31.62% | 21.36% | 12.94B | 55.88% | 6.34B |
| Q1 FY2022 | 31 Mar 2022 | 5.51B | +28.80% | 23.38% | 12.84B | 54.49% | 6.30B |
| Q4 FY2021 | 31 Dec 2021 | 4.61B | +53.00% | 18.91% | 12.92B | 53.00% | 7.43B |
| Q3 FY2021 | 30 Sept 2021 | 3.78B | +31.53% | 17.01% | 11.81B | 53.22% | 4.94B |
| Q2 FY2021 | 30 Jun 2021 | 3.76B | -9.87% | 18.31% | 11.19B | 54.52% | 5.40B |
| Q1 FY2021 | 31 Mar 2021 | 4.28B | -4.70% | 20.84% | 11.05B | 53.87% | 5.10B |
| Q4 FY2020 | 31 Dec 2020 | 3.01B | +1.19% | 15.24% | 9.93B | 50.24% | 3.97B |
| Q3 FY2020 | 30 Sept 2020 | 2.87B | -13.93% | 15.38% | 9.89B | 52.98% | 3.78B |
| Q2 FY2020 | 30 Jun 2020 | 4.17B | +11.96% | 22.93% | 9.79B | 53.85% | 5.06B |
| Q1 FY2020 | 31 Mar 2020 | 4.49B | +19.48% | 26.29% | 9.38B | 54.96% | 5.18B |
| Q4 FY2019 | 31 Dec 2019 | 2.98B | +32.57% | 18.92% | 8.21B | 52.18% | 3.67B |
| Q3 FY2019 | 30 Sept 2019 | 3.33B | +31.52% | 22.79% | 7.87B | 53.78% | 4.04B |
| Q2 FY2019 | 30 Jun 2019 | 3.72B | +59.60% | 25.78% | 8.13B | 56.24% | 4.36B |
| Q1 FY2019 | 31 Mar 2019 | 3.76B | +211.12% | 26.04% | 8.09B | 56.10% | 4.34B |
| Q4 FY2018 | 31 Dec 2018 | 2.25B | +57.35% | 11.31% | 7.66B | 38.59% | 2.92B |
| Q3 FY2018 | 30 Sept 2018 | 2.54B | -0.56% | 19.27% | 7.55B | 57.35% | 3.10B |
| Q2 FY2018 | 30 Jun 2018 | 2.33B | -31.47% | 14.33% | 7.25B | 44.49% | 2.80B |
| Q1 FY2018 | 31 Mar 2018 | 1.21B | -74.71% | 8.52% | 5.95B | 42.01% | 1.57B |
| Q4 FY2017 | 31 Dec 2017 | 1.43B | -63.10% | 9.77% | 5.74B | 39.33% | 1.70B |
| Q3 FY2017 | 30 Sept 2017 | 2.55B | -10.43% | 20.43% | 5.95B | 47.67% | 2.76B |
| Q2 FY2017 | 30 Jun 2017 | 3.41B | +11.73% | 25.46% | 6.74B | 50.37% | 3.58B |
| Q1 FY2017 | 31 Mar 2017 | 4.77B | +66.40% | 34.98% | 7.48B | 54.86% | 4.92B |
| Q4 FY2016 | 31 Dec 2016 | 3.87B | +59.91% | 31.96% | 6.46B | 53.42% | 3.96B |
| Q3 FY2016 | 30 Sept 2016 | 2.85B | +36.33% | 30.90% | 5.33B | 57.90% | 2.94B |
| Q2 FY2016 | 30 Jun 2016 | 3.05B | +110.15% | 34.04% | 5.28B | 58.98% | 3.12B |
| Q1 FY2016 | 31 Mar 2016 | 2.87B | +117.97% | 36.23% | 4.59B | 57.95% | 2.93B |
| Q4 FY2015 | 31 Dec 2015 | 2.42B | +94.10% | 30.60% | 4.22B | 53.39% | 2.47B |
| Q3 FY2015 | 30 Sept 2015 | 2.09B | +74.12% | 31.30% | 3.85B | 57.69% | 2.13B |
| Q2 FY2015 | 30 Jun 2015 | 1.45B | +23.33% | 31.75% | 2.85B | 62.29% | 1.49B |
| Q1 FY2015 | 31 Mar 2015 | 1.32B | +14.99% | 35.94% | 2.49B | 68.00% | 1.35B |
| Q4 FY2014 | 31 Dec 2014 | 1.25B | +15.46% | 35.97% | 2.49B | 71.77% | 1.31B |
| Q3 FY2014 | 30 Sept 2014 | 1.20B | +7.88% | 38.48% | 2.26B | 72.46% | 1.24B |
| Q2 FY2014 | 30 Jun 2014 | 1.18B | +9.74% | 42.49% | 2.00B | 72.25% | 1.21B |
| Q1 FY2014 | 31 Mar 2014 | 1.14B | +4.92% | 48.37% | 1.71B | 72.19% | 1.18B |
| Q4 FY2013 | 31 Dec 2013 | 1.08B | +4.97% | 44.54% | 1.73B | 71.30% | 1.12B |
| Q3 FY2013 | 30 Sept 2013 | 1.11B | +34.83% | 47.17% | 1.75B | 74.12% | 1.15B |
| Q2 FY2013 | 30 Jun 2013 | 1.07B | +21.25% | 47.32% | 1.70B | 74.97% | 1.11B |
| Q1 FY2013 | 31 Mar 2013 | 1.09B | +11.79% | 50.66% | 1.55B | 71.82% | 1.13B |
| Q4 FY2012 | 31 Dec 2012 | 1.03B | +11.23% | 45.26% | 1.61B | 70.82% | 1.07B |
| Q3 FY2012 | 30 Sept 2012 | 824.46M | -10.31% | 41.18% | 1.36B | 68.03% | 876.77M |
| Q2 FY2012 | 30 Jun 2012 | 883.82M | +12.29% | 45.04% | 1.32B | 67.34% | 955.69M |
| Q1 FY2012 | 31 Mar 2012 | 975.48M | +40.77% | 49.63% | 1.33B | 67.72% | 1.05B |
| Q4 FY2011 | 31 Dec 2011 | 924.12M | +16.58% | 44.02% | 1.45B | 69.22% | 1.00B |
| Q3 FY2011 | 30 Sept 2011 | 919.24M | +56.61% | 46.95% | 1.33B | 67.80% | 994.55M |
| Q2 FY2011 | 30 Jun 2011 | 787.11M | +29.11% | 45.40% | 1.15B | 66.50% | 863.11M |
| Q1 FY2011 | 31 Mar 2011 | 692.98M | +24.86% | 46.20% | 984.96M | 65.67% | 758.68M |
| Q4 FY2010 | 31 Dec 2010 | 792.67M | +30.56% | 48.52% | 1.09B | 66.75% | 849.67M |
| Q3 FY2010 | 30 Sept 2010 | 586.97M | +43.82% | 41.91% | 959.18M | 68.49% | 643.97M |
| Q2 FY2010 | 30 Jun 2010 | 609.65M | +17.90% | 46.57% | 878.38M | 67.10% | 668.45M |
| Q1 FY2010 | 31 Mar 2010 | 555.01M | +13.01% | 47.66% | 780.70M | 67.04% | 613.85M |
| Q4 FY2009 | 31 Dec 2009 | 607.13M | — | 48.57% | 844.12M | 67.53% | 666.13M |
| Q3 FY2009 | 30 Sept 2009 | 408.14M | -12.54% | 47.02% | 627.02M | 72.24% | 451.14M |
| Q2 FY2009 | 30 Jun 2009 | 517.07M | -9.72% | 59.91% | 691.88M | 80.16% | 537.54M |
| Q1 FY2009 | 31 Mar 2009 | 491.10M | +21.42% | 63.29% | 641.69M | 82.70% | 513.08M |
| Q4 FY2008 | 31 Dec 2008 | -1.45B | -530.18% | -157.30% | 766.49M | 83.29% | 617.73M |
| Q3 FY2008 | 30 Sept 2008 | 466.63M | +77.38% | 58.62% | 631.27M | 79.31% | 489.24M |
| Q2 FY2008 | 30 Jun 2008 | 572.74M | +94.35% | 67.18% | 722.40M | 84.74% | 595.37M |
| Q1 FY2008 | 31 Mar 2008 | 404.46M | +29.49% | 62.76% | 531.96M | 82.54% | 428.47M |
| Q4 FY2007 | 31 Dec 2007 | 336.52M | +1.09% | 63.23% | 423.47M | 79.57% | 357.92M |
| Q3 FY2007 | 30 Sept 2007 | 263.08M | -14.50% | 46.05% | 465.56M | 81.49% | 310.82M |
| Q2 FY2007 | 30 Jun 2007 | 294.69M | -8.79% | 55.04% | 437.29M | 81.67% | 318.36M |
| Q1 FY2007 | 31 Mar 2007 | 312.34M | +1.57% | 56.33% | 451.27M | 81.39% | 317.62M |
| Q4 FY2006 | 31 Dec 2006 | 332.89M | -46.18% | 66.21% | 402.82M | 80.12% | 391.48M |
| Q3 FY2006 | 30 Sept 2006 | 307.70M | +11.42% | 53.85% | 471.04M | 82.43% | 359.91M |
| Q2 FY2006 | 30 Jun 2006 | 323.10M | +30.94% | 58.46% | 457.43M | 82.76% | 341.99M |
| Q1 FY2006 | 31 Mar 2006 | 307.51M | +88.99% | 60.39% | 421.03M | 82.68% | 324.37M |
| Q4 FY2005 | 31 Dec 2005 | 618.51M | +374.88% | 128.01% | 399.14M | 82.61% | 695.86M |
| Q3 FY2005 | 30 Sept 2005 | 276.17M | +153.80% | 62.28% | 370.91M | 83.64% | 279.35M |
| Q2 FY2005 | 30 Jun 2005 | 246.75M | — | 62.82% | 326.86M | 83.21% | 247.59M |
| Q1 FY2005 | 31 Mar 2005 | 162.71M | +50.90% | 52.70% | 253.26M | 82.03% | 172.71M |
| Q4 FY2004 | 31 Dec 2004 | 130.24M | +32.49% | 48.00% | 207.29M | 76.39% | 156.93M |
| Q3 FY2004 | 30 Sept 2004 | 108.81M | +24.97% | 45.60% | 189.83M | 79.55% | 118.53M |
| Q2 FY2004 | 1 Jun 2004 | 100.63M | — | 48.67% | 164.28M | 79.45% | 109.33M |
| Q1 FY2004 | 31 Mar 2004 | 107.83M | +69.63% | 57.71% | 158.39M | 84.77% | 115.53M |
| Q4 FY2003 | 31 Dec 2003 | 98.31M | — | 60.74% | 136.26M | 84.19% | 98.45M |
| Q3 FY2003 | 30 Sept 2003 | 87.07M | +23.35% | 62.66% | 121.19M | 87.21% | 87.20M |
| Q2 FY2003 | 30 Jun 2003 | 77.89M | +163.14% | 60.21% | 107.48M | 83.08% | 77.74M |
| Q1 FY2003 | 31 Mar 2003 | 63.57M | +114.74% | 56.73% | 91.82M | 81.95% | 58.05M |
| Q4 FY2002 | 31 Dec 2002 | -125.76M | — | -138.02% | 149.23M | 163.78% | -125.76M |
| Q3 FY2002 | 30 Sept 2002 | 70.59M | +880.51% | 100.00% | 70.59M | 100.00% | 70.59M |
| Q2 FY2002 | 30 Jun 2002 | 29.60M | +440.57% | 100.00% | 29.60M | 100.00% | 29.60M |
| Q1 FY2002 | 31 Mar 2002 | 29.60M | +488.95% | 100.00% | 29.60M | 100.00% | 29.60M |
| Q4 FY2001 | 31 Dec 2001 | -247.35M | — | -2,332.59% | 10.60M | 100.00% | -247.35M |
| Q3 FY2001 | 30 Sept 2001 | 7.20M | — | 100.00% | 7.20M | 100.00% | 7.20M |
| Q2 FY2001 | 30 Jun 2001 | 5.48M | — | 100.00% | 5.48M | 100.00% | 5.48M |
| Q1 FY2001 | 31 Mar 2001 | 5.03M | -22.26% | 100.00% | 5.03M | 100.00% | 5.03M |
| Q4 FY2000 | 31 Dec 2000 | -59.34M | — | -238.33% | 20.72M | 83.23% | -50.70M |
| Q3 FY2000 | 30 Sept 2000 | -53.05M | — | -264.60% | 8.17M | 40.76% | -53.05M |
| Q2 FY2000 | 30 Jun 2000 | -30.70M | — | -224.79% | 3.44M | 25.19% | -30.70M |
| Q1 FY2000 | 31 Mar 2000 | 6.47M | — | 100.00% | 6.47M | 100.00% | 6.47M |
Figures in CNY. Shares and EPS are adjusted for stock splits. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.
See also:Revenue,Net income,EPS,Shares outstanding,Cash on hand,Total debt,Free cash flow,Stock buybacks,Income statement
Common questions about NetEase's operating income
Source: Financial Modeling Prep