What is the current annual operating margin of NTES?

As of today, NTES annual operating margin is 31.82%

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

NTES annual operating margin is up +13.24% year-over-year

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

NTES annual operating margin is up +56.44% over the past 3 years

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

NTES annual operating margin is currently -48.74% below its historical high of 62.07% set on December 31, 2008

How does NTES annual operating margin rank versus sector peers?

NTES annual operating margin is higher than 95.65% 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 operating margin of NTES?

As of today, NTES quarterly operating margin is 41.37%

What is NTES quarterly operating margin most recent change?

NTES quarterly operating margin was up +36.99% on March 31, 2026

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

NTES quarterly operating margin is up +14.22% year-over-year

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

NTES quarterly operating margin is currently -38.42% below its historical high of 67.18% set on June 30, 2008

How does NTES quarterly operating margin rank versus sector peers?

NTES quarterly operating margin is higher than 99.17% 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) Operating Margin History & Chart

Annual Operating Margin

31.82%3.72%+13.24%

December 31, 2025

Summary

Current Value: As of today, NTES annual operating margin is 31.82%, up +13.24% on December 31, 2025
Historical Performance: NTES annual operating margin is up +56.44% over the past 3 years, up +61.20% over the past 5 years
All-Time High Comparison: NTES annual operating margin is currently -48.74% below its historical high of 62.07% set on December 31, 2008
3-Year Low Comparison: NTES annual operating margin is +56.44% above its 3-year low of 20.34% reached on an earlier date
Sector Comparison: NTES annual operating margin is higher than 95.65% of companies in Communication Services sector

Operating Margin Chart

beforeafter

Performance

NTES Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Operating Margin	Dec 31, 25	31.82%	+13.2%	+56.4%	+61.2%	-31.1%
Quarterly Operating Margin	Mar 31, 26	41.37%	+14.2%	+43.5%	+98.5%	-10.4%
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 Operating Profit	Dec 31, 25	$4.99B	+21.3%	+71.0%	+136.7%	+1226.0%
Annual Gross Margin	Dec 31, 25	64.29%	+2.9%	+17.6%	+21.5%	-2.7%
Annual Net Margin	Dec 31, 25	30.90%	+7.5%	+55.1%	+84.6%	-23.8%

Operating Margin Highs

NTES Annual Operating Margin Highs Comparison
Period	High	Date	Current
3Y	31.82%	Dec 31, 25	at high
5Y	31.82%	Dec 31, 25	at high
All	62.07%	Dec 31, 08	-48.7%

Operating Margin Lows

NTES Annual Operating Margin Lows Comparison
Period	Low	Date	Current
3Y	20.34%	N/A	+56.4%
5Y	18.74%	Dec 31, 21	+69.8%
All	-891.00%	Dec 31, 01	+103.6%

Operating Margin History

Year	Value	Change
2025	31.82%	+13.2%
2024	28.10%	+4.9%
2023	26.78%	+31.7%
2022	20.34%	+8.5%
2021	18.74%	-5.1%
2020	19.74%	-15.2%
2019	23.28%	+19.4%
2018	19.50%	-13.2%
2017	22.46%	-32.1%
2016	33.08%	+3.7%
2015	31.89%	-21.6%
2014	40.68%	-14.1%
2013	47.33%	+4.6%
2012	45.26%	-0.7%

Year	Value	Change
2011	45.59%	-1.3%
2010	46.20%	-14.2%
2009	53.86%	-13.2%
2008	62.07%	+14.0%
2007	54.47%	-7.9%
2006	59.13%	-2.4%
2005	60.58%	+22.3%
2004	49.53%	-17.8%
2003	60.28%	+3,212.1%
2002	1.82%	+100.2%
2001	-891.00%	-39.7%
2000	-637.86%	-90.5%
1999	-334.75%	-

FAQ

What is the current annual operating margin of NTES?: As of today, NTES annual operating margin is 31.82%
What is 1-year change in NTES annual operating margin?: NTES annual operating margin is up +13.24% year-over-year
What is 3-year change in NTES annual operating margin?: NTES annual operating margin is up +56.44% over the past 3 years
How far is NTES annual operating margin from its all-time high?: NTES annual operating margin is currently -48.74% below its historical high of 62.07% set on December 31, 2008
How does NTES annual operating margin rank versus sector peers?: NTES annual operating margin is higher than 95.65% 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

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Quarterly Operating Margin

41.37%11.17%+36.99%

March 31, 2026

Summary

Current Value: As of today, NTES quarterly operating margin is 41.37%, up +36.99% on March 31, 2026
Historical Performance: NTES quarterly operating margin is up +14.22% year-over-year, up +43.50% over the past 3 years
All-Time High Comparison: NTES quarterly operating margin is currently -38.42% below its historical high of 67.18% set on June 30, 2008
3-Year Low Comparison: NTES quarterly operating margin is +63.84% above its 3-year low of 25.25% reached on an earlier date
Sector Comparison: NTES quarterly operating margin is higher than 99.17% of companies in Communication Services sector

Performance

NTES Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Operating Margin	Mar 31, 26	41.37%	+37.0%	+14.2%	+43.5%	+98.5%
Annual Operating Margin	Dec 31, 25	31.82%	–	+13.2%	+56.4%	+61.2%
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 Operating Profit	Mar 31, 26	$1.83B	+55.8%	+27.4%	+73.2%	+177.0%
Quarterly Gross Margin	Mar 31, 26	69.36%	+8.0%	+8.2%	+16.6%	+28.8%
Quarterly Net Margin	Mar 31, 26	35.45%	+53.3%	-3.1%	+32.3%	+61.1%

Quarterly Operating Margin Highs

NTES Quarterly Operating Margin Highs Comparison
Period	High	Date	Current
1Y	41.37%	Mar 31, 26	at high
3Y	41.37%	Mar 31, 26	at high
5Y	41.37%	Mar 31, 26	at high
All	67.18%	Jun 30, 08	-38.4%

Quarterly Operating Margin Lows

NTES Quarterly Operating Margin Lows Comparison
Period	Low	Date	Current
1Y	28.26%	Sep 30, 25	+46.4%
3Y	25.25%	N/A	+63.8%
5Y	17.01%	Sep 30, 21	+143.2%
All	-2,332.59%	Dec 31, 01	+101.8%

Quarterly Operating Margin History

Month	Value	Change
Mar 2026	41.37%	+37.0%
Dec 2025	30.20%	+6.9%
Sep 2025	28.26%	-13.0%
Jun 2025	32.49%	-10.3%
Mar 2025	36.22%	+23.9%
Dec 2024	29.24%	+7.2%
Sep 2024	27.27%	-0.6%
Jun 2024	27.44%	-3.3%
Mar 2024	28.39%	+12.2%
Dec 2023	25.31%	-8.7%
Sep 2023	27.71%	+9.7%
Jun 2023	25.25%	-12.4%
Mar 2023	28.83%	+64.8%
Dec 2022	17.49%	-9.9%
Sep 2022	19.41%	-9.1%
Jun 2022	21.36%	-8.6%
Mar 2022	23.38%	+23.6%
Dec 2021	18.91%	+11.2%
Sep 2021	17.01%	-7.1%
Jun 2021	18.31%	-12.1%
Mar 2021	20.84%	+36.7%
Dec 2020	15.24%	-0.9%
Sep 2020	15.38%	-32.9%
Jun 2020	22.93%	-12.8%
Mar 2020	26.29%	+39.0%
Dec 2019	18.92%	-17.0%
Sep 2019	22.79%	-11.6%
Jun 2019	25.78%	-1.0%
Mar 2019	26.04%	+22.0%
Dec 2018	21.35%	+10.8%
Sep 2018	19.27%	+34.5%
Jun 2018	14.33%	+68.2%
Mar 2018	8.52%	-12.8%
Dec 2017	9.77%	-52.2%
Sep 2017	20.43%	-19.8%
Jun 2017	25.46%	-27.2%
Mar 2017	34.98%	+9.4%
Dec 2016	31.96%	+3.4%
Sep 2016	30.90%	-9.2%
Jun 2016	34.04%	-6.0%
Mar 2016	36.23%	+18.4%
Dec 2015	30.60%	-2.2%
Sep 2015	31.30%	-1.4%
Jun 2015	31.75%	-11.7%
Mar 2015	35.94%	-0.1%
Dec 2014	35.97%	-6.5%
Sep 2014	38.48%	-9.4%
Jun 2014	42.49%	-12.2%
Mar 2014	48.37%	+8.6%
Dec 2013	44.54%	-5.6%
Sep 2013	47.17%	-0.3%

Month	Value	Change
Jun 2013	47.32%	-6.6%
Mar 2013	50.66%	+11.9%
Dec 2012	45.26%	+9.9%
Sep 2012	41.18%	-8.6%
Jun 2012	45.04%	-9.2%
Mar 2012	49.63%	+12.7%
Dec 2011	44.02%	-6.2%
Sep 2011	46.95%	+3.4%
Jun 2011	45.40%	-1.7%
Mar 2011	46.20%	-4.8%
Dec 2010	48.52%	+15.8%
Sep 2010	41.91%	-10.0%
Jun 2010	46.57%	-2.3%
Mar 2010	47.66%	-1.9%
Dec 2009	48.57%	+3.3%
Sep 2009	47.02%	-21.5%
Jun 2009	59.91%	-5.3%
Mar 2009	63.29%	+6.4%
Dec 2008	59.47%	+1.5%
Sep 2008	58.62%	-12.7%
Jun 2008	67.18%	+7.1%
Mar 2008	62.75%	+11.6%
Dec 2007	56.21%	+17.1%
Sep 2007	48.02%	-12.8%
Jun 2007	55.04%	-6.1%
Mar 2007	58.59%	-2.4%
Dec 2006	60.06%	+4.1%
Sep 2006	57.72%	-1.3%
Jun 2006	58.46%	-3.2%
Mar 2006	60.39%	-3.1%
Dec 2005	62.30%	+0.0%
Sep 2005	62.28%	-0.9%
Jun 2005	62.82%	+19.2%
Mar 2005	52.70%	+5.8%
Dec 2004	49.79%	+9.2%
Sep 2004	45.60%	-6.3%
Jun 2004	48.67%	-15.7%
Mar 2004	57.71%	-5.0%
Dec 2003	60.74%	-3.1%
Sep 2003	62.66%	+4.1%
Jun 2003	60.21%	+6.1%
Mar 2003	56.73%	+32.4%
Dec 2002	42.85%	+383.2%
Sep 2002	-15.13%	-23.8%
Jun 2002	-12.22%	+85.4%
Mar 2002	-83.62%	+96.4%
Dec 2001	-2,332.59%	-1,045.6%
Dec 2000	-203.62%	+23.0%
Sep 2000	-264.60%	-17.7%
Jun 2000	-224.79%	-

FAQ

What is the current quarterly operating margin of NTES?: As of today, NTES quarterly operating margin is 41.37%
What is NTES quarterly operating margin most recent change?: NTES quarterly operating margin was up +36.99% on March 31, 2026
What is 1-year change in NTES quarterly operating margin?: NTES quarterly operating margin is up +14.22% year-over-year
How far is NTES quarterly operating margin from its all-time high?: NTES quarterly operating margin is currently -38.42% below its historical high of 67.18% set on June 30, 2008
How does NTES quarterly operating margin rank versus sector peers?: NTES quarterly operating margin is higher than 99.17% of companies in Communication Services sector
When is NTES next earnings release?: The next earnings release for NTES is on August 13, 2026

Operating Margin Formula

Operating Profit Margin = Operating Income

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