NetEase (NTES) Net margin US GAAP (year values)

FY2021 FY2022 FY2023 FY2024 FY2025   LTM ? CAGR 5 years ?
Net margin, % ? 19.2% 21.1% 28.4% 28.2% 30.0%   29.8%  
Changes by years, y/y, % +3pp +2pp +7pp 0pp +2pp     +12.9%

NetEase. Net margin, %

NetEase. Net margin, changes, pp

NetEase (NTES) Net margin US GAAP (quarter values)

FY2025Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2026Q1   LTM ?
Net margin, % ? 35.7% 30.8% 30.4% 22.7% 34.9%   29.8%
Changes by years, y/y, % +7pp +4pp +5pp -10pp -1pp    
Changes by quarters, q/q, % +3pp -5pp 0pp -8pp +12pp    

NetEase. Net margin, %

NetEase. Net margin, changes, pp

NetEase. Net margin, changes, pp