What is the current annual gross margin of NTES?

As of today, NTES annual gross margin is 64.29%

What is 1-year change in NTES annual gross margin?

NTES annual gross margin is up +2.86% year-over-year

What is 3-year change in NTES annual gross margin?

NTES annual gross margin is up +17.57% over the past 3 years

How far is NTES annual gross margin from its all-time high?

NTES annual gross margin is currently -23.68% below its historical high of 84.24% set on December 31, 2003

How does NTES annual gross margin rank versus sector peers?

NTES annual gross margin is higher than 80.07% of companies in Communication Services sector

When is NTES next annual earnings release?

As of today, the next annual earnings release for NTES has not been scheduled

What is the current quarterly gross margin of NTES?

As of today, NTES quarterly gross margin is 69.36%

What is NTES quarterly gross margin most recent change?

NTES quarterly gross margin was up +7.99% on March 31, 2026

What is 1-year change in NTES quarterly gross margin?

NTES quarterly gross margin is up +8.21% year-over-year

How far is NTES quarterly gross margin from its all-time high?

NTES quarterly gross margin is currently -22.39% below its historical high of 89.37% set on June 30, 2005

How does NTES quarterly gross margin rank versus sector peers?

NTES quarterly gross margin is higher than 80.99% of companies in Communication Services sector

When is NTES next earnings release?

The next earnings release for NTES is on August 13, 2026

NetEase, Inc. (NTES) Gross Margin History & Chart Since 1999

Annual Gross Margin

64.29%1.79%+2.86%

December 31, 2025

Summary

Current Value: As of today, NTES annual gross margin is 64.29%, up +2.86% on December 31, 2025
Historical Performance: NTES annual gross margin is up +17.57% over the past 3 years, up +21.49% over the past 5 years
All-Time High Comparison: NTES annual gross margin is currently -23.68% below its historical high of 84.24% set on December 31, 2003
3-Year Low Comparison: NTES annual gross margin is +17.57% above its 3-year low of 54.68% reached on an earlier date
Sector Comparison: NTES annual gross margin is higher than 80.07% of companies in Communication Services sector

Gross Margin Chart

beforeafter

Performance

NTES Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Gross Margin	Dec 31, 25	64.29%	+2.9%	+17.6%	+21.5%	-2.7%
Quarterly Gross Margin	Mar 31, 26	69.36%	+8.2%	+16.6%	+28.8%	+5.6%
Price	Jul 31, 26	$133.27	+2.3%	+22.6%	+30.4%	+1219.0%
PE Ratio	Jul 31, 26	17.84	+1.0%	-7.2%	-53.6%	+16.1%
Annual Revenue	Dec 31, 25	$15.67B	+7.1%	+9.3%	+46.8%	+1825.3%
Annual Gross Profit	Dec 31, 25	$10.07B	+10.2%	+28.5%	+78.3%	+1772.5%
Annual Operating Margin	Dec 31, 25	31.82%	+13.2%	+56.4%	+61.2%	-31.1%
Annual Net Margin	Dec 31, 25	30.90%	+7.5%	+55.1%	+84.6%	-23.8%

Gross Margin Highs

NTES Annual Gross Margin Highs Comparison
Period	High	Date	Current
3Y	64.29%	Dec 31, 25	at high
5Y	64.29%	Dec 31, 25	at high
All	84.24%	Dec 31, 03	-23.7%

Gross Margin Lows

NTES Annual Gross Margin Lows Comparison
Period	Low	Date	Current
3Y	54.68%	N/A	+17.6%
5Y	52.92%	N/A	+21.5%
All	0.00%	Dec 31, 00	N/A

Gross Margin History

Year	Value	Change
2025	64.29%	+2.9%
2024	62.50%	+3.8%
2023	60.21%	+10.1%
2022	54.68%	+2.0%
2021	53.62%	+1.3%
2020	52.92%	-0.7%
2019	53.27%	-0.3%
2018	53.43%	+11.5%
2017	47.90%	-15.6%
2016	56.74%	-3.5%
2015	58.78%	-18.5%
2014	72.15%	-1.2%
2013	73.05%	+6.5%
2012	68.56%	+1.6%

Year	Value	Change
2011	67.46%	+2.1%
2010	66.10%	-11.5%
2009	74.65%	-8.8%
2008	81.86%	+0.8%
2007	81.23%	-1.4%
2006	82.38%	-0.7%
2005	82.93%	+4.1%
2004	79.66%	-5.4%
2003	84.24%	+24.7%
2002	67.56%	>+9,900.0%
2001	0.00%	0.0%
2000	0.00%	-100.0%
1999	28.81%	-

FAQ

What is the current annual gross margin of NTES?: As of today, NTES annual gross margin is 64.29%
What is 1-year change in NTES annual gross margin?: NTES annual gross margin is up +2.86% year-over-year
What is 3-year change in NTES annual gross margin?: NTES annual gross margin is up +17.57% over the past 3 years
How far is NTES annual gross margin from its all-time high?: NTES annual gross margin is currently -23.68% below its historical high of 84.24% set on December 31, 2003
How does NTES annual gross margin rank versus sector peers?: NTES annual gross margin is higher than 80.07% of companies in Communication Services sector
When is NTES next annual earnings release?: As of today, the next annual earnings release for NTES has not been scheduled

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Quarterly Gross Margin

69.36%5.13%+7.99%

March 31, 2026

Summary

Current Value: As of today, NTES quarterly gross margin is 69.36%, up +7.99% on March 31, 2026
Historical Performance: NTES quarterly gross margin is up +8.21% year-over-year, up +16.61% over the past 3 years
All-Time High Comparison: NTES quarterly gross margin is currently -22.39% below its historical high of 89.37% set on June 30, 2005
3-Year Low Comparison: NTES quarterly gross margin is +15.85% above its 3-year low of 59.87% reached on an earlier date
Sector Comparison: NTES quarterly gross margin is higher than 80.99% of companies in Communication Services sector

Performance

NTES Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Gross Margin	Mar 31, 26	69.36%	+8.0%	+8.2%	+16.6%	+28.8%
Annual Gross Margin	Dec 31, 25	64.29%	–	+2.9%	+17.6%	+21.5%
Price	Jul 31, 26	$133.27	+13.4%	+2.3%	+22.6%	+30.4%
PE Ratio	Jul 31, 26	17.84	+13.4%	+1.0%	-7.2%	-53.6%
Quarterly Revenue	Mar 31, 26	$4.42B	+13.7%	+11.5%	+20.7%	+39.5%
Quarterly Gross Profit	Mar 31, 26	$3.06B	+22.8%	+20.7%	+40.7%	+79.6%
Quarterly Operating Margin	Mar 31, 26	41.37%	+37.0%	+14.2%	+43.5%	+98.5%
Quarterly Net Margin	Mar 31, 26	35.45%	+53.3%	-3.1%	+32.3%	+61.1%

Quarterly Gross Margin Highs

NTES Quarterly Gross Margin Highs Comparison
Period	High	Date	Current
1Y	69.36%	Mar 31, 26	at high
3Y	69.36%	Mar 31, 26	at high
5Y	69.36%	Mar 31, 26	at high
All	89.37%	Jun 30, 05	-22.4%

Quarterly Gross Margin Lows

NTES Quarterly Gross Margin Lows Comparison
Period	Low	Date	Current
1Y	64.10%	Sep 30, 25	+8.2%
3Y	59.87%	N/A	+15.8%
5Y	52.24%	Dec 31, 22	+32.8%
All	25.19%	Jun 30, 00	+175.3%

Quarterly Gross Margin History

Month	Value	Change
Mar 2026	69.36%	+8.0%
Dec 2025	64.23%	+0.2%
Sep 2025	64.10%	-1.0%
Jun 2025	64.72%	+1.0%
Mar 2025	64.10%	+5.4%
Dec 2024	60.84%	-3.2%
Sep 2024	62.86%	-0.1%
Jun 2024	62.95%	-0.7%
Mar 2024	63.37%	+2.2%
Dec 2023	61.99%	-0.4%
Sep 2023	62.22%	+3.9%
Jun 2023	59.87%	+0.7%
Mar 2023	59.48%	+13.9%
Dec 2022	52.24%	-7.2%
Sep 2022	56.27%	+0.7%
Jun 2022	55.88%	+2.6%
Mar 2022	54.49%	+2.8%
Dec 2021	53.00%	-0.4%
Sep 2021	53.22%	-2.4%
Jun 2021	54.52%	+1.2%
Mar 2021	53.87%	+7.2%
Dec 2020	50.24%	-5.2%
Sep 2020	52.98%	-1.6%
Jun 2020	53.85%	-2.0%
Mar 2020	54.96%	+5.3%
Dec 2019	52.18%	-3.0%
Sep 2019	53.78%	+0.4%
Jun 2019	53.55%	-0.2%
Mar 2019	53.65%	+2.6%
Dec 2018	52.28%	-4.8%
Sep 2018	54.89%	+23.4%
Jun 2018	44.49%	+5.9%
Mar 2018	42.01%	+6.8%
Dec 2017	39.33%	-17.5%
Sep 2017	47.67%	-5.4%
Jun 2017	50.37%	-8.2%
Mar 2017	54.86%	+2.7%
Dec 2016	53.42%	-7.7%
Sep 2016	57.90%	-1.8%
Jun 2016	58.98%	+1.8%
Mar 2016	57.95%	+8.5%
Dec 2015	53.39%	-7.5%
Sep 2015	57.69%	-7.4%
Jun 2015	62.29%	-8.4%
Mar 2015	68.00%	-5.3%
Dec 2014	71.77%	-1.0%
Sep 2014	72.46%	+0.3%
Jun 2014	72.25%	+0.1%
Mar 2014	72.19%	+1.2%
Dec 2013	71.30%	-3.8%

Month	Value	Change
Sep 2013	74.12%	-1.1%
Jun 2013	74.97%	+4.4%
Mar 2013	71.82%	+1.4%
Dec 2012	70.82%	+4.1%
Sep 2012	68.03%	+1.0%
Jun 2012	67.34%	-0.6%
Mar 2012	67.73%	-2.2%
Dec 2011	69.22%	+2.1%
Sep 2011	67.80%	+2.0%
Jun 2011	66.50%	+1.3%
Mar 2011	65.67%	-3.6%
Dec 2010	68.15%	-0.5%
Sep 2010	68.49%	+2.1%
Jun 2010	67.10%	+0.1%
Mar 2010	67.04%	-0.7%
Dec 2009	67.53%	-6.5%
Sep 2009	72.24%	-9.9%
Jun 2009	80.16%	-3.1%
Mar 2009	82.70%	+2.4%
Dec 2008	80.76%	+1.8%
Sep 2008	79.31%	-6.4%
Jun 2008	84.74%	+2.7%
Mar 2008	82.54%	+0.9%
Dec 2007	81.84%	+1.4%
Sep 2007	80.70%	-1.2%
Jun 2007	81.67%	+1.3%
Mar 2007	80.65%	-2.1%
Dec 2006	82.42%	+0.9%
Sep 2006	81.69%	-1.3%
Jun 2006	82.76%	+0.1%
Mar 2006	82.68%	+0.1%
Dec 2005	82.61%	-1.2%
Sep 2005	83.64%	-6.4%
Jun 2005	89.37%	+8.9%
Mar 2005	82.03%	+3.5%
Dec 2004	79.24%	-0.4%
Sep 2004	79.55%	+0.1%
Jun 2004	79.45%	-6.3%
Mar 2004	84.77%	+0.7%
Dec 2003	84.19%	-3.5%
Sep 2003	87.21%	+5.0%
Jun 2003	83.08%	+1.4%
Mar 2003	81.95%	+7.0%
Dec 2002	76.57%	+7.7%
Sep 2002	71.12%	+18.3%
Jun 2002	60.11%	+85.2%
Mar 2002	32.45%	-61.0%
Dec 2000	83.23%	+104.2%
Sep 2000	40.76%	+61.8%
Jun 2000	25.19%	-

FAQ

What is the current quarterly gross margin of NTES?: As of today, NTES quarterly gross margin is 69.36%
What is NTES quarterly gross margin most recent change?: NTES quarterly gross margin was up +7.99% on March 31, 2026
What is 1-year change in NTES quarterly gross margin?: NTES quarterly gross margin is up +8.21% year-over-year
How far is NTES quarterly gross margin from its all-time high?: NTES quarterly gross margin is currently -22.39% below its historical high of 89.37% set on June 30, 2005
How does NTES quarterly gross margin rank versus sector peers?: NTES quarterly gross margin is higher than 80.99% of companies in Communication Services sector
When is NTES next earnings release?: The next earnings release for NTES is on August 13, 2026

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Data Sources & References

NTES Official Website ir.netease.com
NTES Profile on Yahoo Finance finance.yahoo.com/quote/NTES
NTES Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/ntes