NetEase, Inc.
NTESNASDAQTechnology● Active
$118.70
$-0.78(-0.65%)
Market Cap$75.8B
P/E Ratio—
52W High$159.55
52W Low$106.06
NetEase, Inc. (NTES) · Cash Flow
Annual, quarterly, or TTM views · SEC 10-K & 10-Q via FMP · adjust period and M/B/T below.
FMP · NTES · as of 2026-06-10
Financial statements
Operating CF · CapEx · Free Cash Flow
| Breakdown | 2025-12 | 2024-12 | 2023-12 | 2022-12 | 2021-12 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | $32.84B | $30.26B | $29.36B | $19.22B | $16.98B |
| Depreciation & Amort. | $2.19B | $2.42B | $3.06B | $2.86B | $3.28B |
| Stock-Based Comp. | $0.00B | $3.88B | $3.24B | $3.17B | $3.04B |
| Change in Working Capital | $8.48B | $3.65B | $0.38B | $3.50B | $3.19B |
| Net Cash from Operations | $49.36B | $39.68B | $35.33B | $27.71B | $24.93B |
| Investing Activities | |||||
| Capital Expenditure | ($1.04B) | ($2.21B) | ($4.28B) | ($2.64B) | ($3.11B) |
| Purchases of Investments | ($194.31B) | $0.00B | ($128.86B) | ($110.05B) | ($103.12B) |
| Sales of Investments | $163.95B | $0.00B | $116.80B | $103.20B | $98.24B |
| Net Cash from Investing | ($32.18B) | $17.92B | ($17.04B) | ($7.37B) | ($7.08B) |
| Financing Activities | |||||
| Common Stock Repurchased | ($0.62B) | ($8.83B) | ($5.23B) | ($8.33B) | ($12.92B) |
| Dividends Paid | ($13.45B) | ($11.17B) | ($8.01B) | ($6.72B) | ($3.51B) |
| Debt Issued / Repaid | ($5.64B) | ($7.48B) | ($8.31B) | $4.85B | $1.71B |
| Net Cash from Financing | ($19.71B) | ($27.34B) | ($21.47B) | ($10.24B) | ($12.59B) |
| Free Cash Flow | |||||
| Free Cash Flow | $48.32B | $37.47B | $31.06B | $25.07B | $21.82B |
| FCF Margin %(computed) | 42.90% | 35.59% | 30.01% | 25.98% | 24.90% |
Data source: Financial Modeling Prep · Last updated: 2026-06-10 · CNY · B
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About NetEase, Inc. (NTES) Cash Flow Statement
NetEase, Inc. generated operating cash flow of $49.36B and free cash flow of $48.32B for 2025 — a FCF margin of 42.90%. Capital expenditure was ($1.04B).
Frequently asked questions
NTES · 4 questionsNetEase, Inc. generated free cash flow of $48.32B for 2025, up 29.0% year-over-year.
NTES free cash flowFCF margincash flow yield
· Source: FMP /stable/cash-flow-statement · SEC EDGAR Form 10-K & 10-Q · As of 2026-06-10