US · USD

NTES

NetEase Inc

US$117.21-2.82% (-US$3.40)
Day's range
US$116.70 – US$118.24
Day's volume
US$90m
52-week range
US$108.18 – US$150.29

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NTES in numbers

Market cap
US$374.1bn
Dividend yield (12m)
2.50%

The 12-month dividend yield of NTES is 2.50%, above its 5-year average of 1.95%.

NTES price history

03/10/202502/10/2026
Compare with

NTES risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-13.04%+10.92%+21.12%
Volatility (annualised)18.61%29.44%34.62%
Largest drawdown-17.85%-28.03%-47.76%
Positive months5/1218/3630/60

How much did investing in NTES return?

US$1,000.00 invested on 01/11/2021 would be worth US$1,211.16 today.

Value today in NTES
US$1,211.16
Return over the period
+21.12%
Return per year
+3.97%
In the S&P 500
US$1,690.98

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

What is NTES's fair price?

Two classic value formulas, with today's numbers. The current price is US$117.21.

Graham's fair price
—
NTES's earnings per share and book value per share are not available, so the formula cannot be calculated.

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$31.94
72.75% below the price

US$1.92 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

NTES indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
Dividend yield2.21%2.74%1.88%2.10%0.81%0.97%3.20%0.71%
ROIC19.05%32.56%24.16%20.50%18.91%14.20%18.45%12.64%
Gross margin64.29%62.50%60.95%54.68%53.62%52.92%53.27%42.29%
EBITDA margin33.81%30.39%29.73%23.30%22.48%24.43%27.69%14.86%
Net debt/EBITDA—-1.93-0.83-1.28-1.30———

NTES financial statements

Line202520242023202220212020
Net revenueUS$16.1bnUS$14.4bnUS$14.6bnUS$14bnUS$13.7bnUS$11.3bn
Cost of sales-US$5.8bn-US$5.4bn-US$5.7bn-US$6.3bn-US$6.4bn-US$5.3bn
Gross profitUS$10.4bnUS$9bnUS$8.9bnUS$7.7bnUS$7.4bnUS$6bn
EBITDAUS$5.4bnUS$4.4bnUS$4.3bnUS$3.3bnUS$3.1bnUS$2.8bn
EBITUS$5.1bnUS$4.1bnUS$3.9bnUS$2.8bnUS$2.6bnUS$2.2bn
Net finance result——————
Profit before taxUS$5.8bnUS$4.9bnUS$4.8bnUS$3.5bnUS$3.3bnUS$2.4bn
Income tax-US$862.7m-US$748.2m-US$661.9m-US$729.5m-US$647.8m-US$466.2m
Net income——————

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does NTES pay dividends?

Dividend yield per year

  • 1.05%2017
  • 0.71%2018
  • 3.20%2019
  • 0.97%2020
  • 0.81%2021
  • 2.10%2022
  • 1.88%2023
  • 2.74%2024
  • 2.21%2025
  • 2.01%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend02/09/202618/09/2026US$0.48
Dividend04/06/202618/06/2026US$0.72
Dividend13/03/202627/03/2026US$1.16
Dividend04/12/202519/12/2025US$0.57
Dividend27/08/202511/09/2025US$0.57
Dividend29/05/202513/06/2025US$0.68
Dividend05/03/202520/03/2025US$1.22
Dividend28/11/202413/12/2024US$0.44
Dividend05/09/202420/09/2024US$0.44
Dividend05/06/202421/06/2024US$0.50
Dividend12/03/202428/03/2024US$1.08
Dividend29/11/202315/12/2023US$0.50
See all 40 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend06/09/202322/09/2023US$0.53
Dividend07/06/202323/06/2023US$0.47
Dividend07/03/202324/03/2023US$0.27
Dividend30/11/202216/12/2022US$0.44
Dividend30/08/202216/09/2022US$0.36
Dividend06/06/202223/06/2022US$0.32
Dividend09/03/202225/03/2022US$0.41
Dividend29/11/202116/12/2021US$0.23
Dividend10/09/202130/09/2021US$0.24
Dividend01/06/202118/06/2021US$0.30
Dividend10/03/202126/03/2021US$0.06
Dividend02/12/202018/12/2020US$0.20
Dividend25/08/202018/09/2020US$0.30
Dividend10/06/202026/06/2020US$0.23
Dividend11/03/202020/03/2020US$0.20
Dividend04/12/201913/12/2019US$1.52
Dividend21/08/201930/08/2019US$0.21
Dividend29/05/201907/06/2019US$0.14
Dividend06/03/201915/03/2019US$0.10
Dividend28/11/201807/12/2018US$0.09
Dividend22/08/201831/08/2018US$0.12
Dividend30/05/201808/06/2018US$0.05
Dividend21/02/201802/03/2018US$0.08
Dividend29/11/201708/12/2017US$0.14
Dividend22/08/201701/09/2017US$0.17
Dividend23/05/201702/06/2017US$0.22
Dividend28/02/201710/03/2017US$0.20
Dividend21/11/201602/12/2016US$0.16

About Netease

Sector
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Questions about NTES

How much is NTES today?

NTES is at US$117.21 (-2.82% on the day), last traded on 02/10/2026.

How much did NTES pay in dividends in 2025?

NTES paid US$3.04 per share in 2025, a dividend yield of 2.21%.

How much did NTES return in 12 months?

NTES returned -13.04% in 12 months, with annualised volatility of 18.61% and a largest drawdown of -17.85%.