US · USD

NTES

NetEase Inc

$120.61-0.45% (-$0.55)
Day's range
$120.49 – $122.13
Day's volume
$59.5M
52-week range
$108.18 – $150.29

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NTES in numbers

Market cap
$385B
Dividend yield (12m)
2.43%

The 12-month dividend yield of NTES is 2.43%, above its 5-year average of 1.95%.

NTES price history

10/02/202510/01/2026
Compare with

NTES risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-11.83%+21.67%+37.86%
Volatility (annualized)18.91%29.64%34.89%
Largest drawdown-18.97%-28.03%-47.76%
Positive months6/1220/3632/60

How much did investing in NTES return?

$1,000.00 invested on 09/01/2021 would be worth $1,582.56 today.

Value today in NTES
$1,582.56
Return over the period
+58.26%
Return per year
+9.62%
In the S&P 500
$1,776.31

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 $120.61.

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

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
$31.94
73.52% below the price

$1.92 (5-year average) ÷ 6%

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

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

NTES's indicators by year

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

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's financial statements

Line202520242023202220212020
Net revenue$16.1B$14.4B$14.6B$14B$13.7B$11.3B
Cost of revenue-$5.8B-$5.4B-$5.7B-$6.3B-$6.4B-$5.3B
Gross profit$10.4B$9B$8.9B$7.7B$7.4B$6B
EBITDA$5.4B$4.4B$4.3B$3.3B$3.1B$2.8B
EBIT$5.1B$4.1B$3.9B$2.8B$2.6B$2.2B
Financial result——————
Income before tax$5.8B$4.9B$4.8B$3.5B$3.3B$2.4B
Income tax-$862.7M-$748.2M-$661.9M-$729.5M-$647.8M-$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
  • 1.96%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend09/02/202609/18/2026$0.48
Dividend06/04/202606/18/2026$0.72
Dividend03/13/202603/27/2026$1.16
Dividend12/04/202512/19/2025$0.57
Dividend08/27/202509/11/2025$0.57
Dividend05/29/202506/13/2025$0.68
Dividend03/05/202503/20/2025$1.22
Dividend11/28/202412/13/2024$0.44
Dividend09/05/202409/20/2024$0.44
Dividend06/05/202406/21/2024$0.50
Dividend03/12/202403/28/2024$1.08
Dividend11/29/202312/15/2023$0.50
See all 40 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend09/06/202309/22/2023$0.53
Dividend06/07/202306/23/2023$0.47
Dividend03/07/202303/24/2023$0.27
Dividend11/30/202212/16/2022$0.44
Dividend08/30/202209/16/2022$0.36
Dividend06/06/202206/23/2022$0.32
Dividend03/09/202203/25/2022$0.41
Dividend11/29/202112/16/2021$0.23
Dividend09/10/202109/30/2021$0.24
Dividend06/01/202106/18/2021$0.30
Dividend03/10/202103/26/2021$0.06
Dividend12/02/202012/18/2020$0.20
Dividend08/25/202009/18/2020$0.30
Dividend06/10/202006/26/2020$0.23
Dividend03/11/202003/20/2020$0.20
Dividend12/04/201912/13/2019$1.52
Dividend08/21/201908/30/2019$0.21
Dividend05/29/201906/07/2019$0.14
Dividend03/06/201903/15/2019$0.10
Dividend11/28/201812/07/2018$0.09
Dividend08/22/201808/31/2018$0.12
Dividend05/30/201806/08/2018$0.05
Dividend02/21/201803/02/2018$0.08
Dividend11/29/201712/08/2017$0.14
Dividend08/22/201709/01/2017$0.17
Dividend05/23/201706/02/2017$0.22
Dividend02/28/201703/10/2017$0.20
Dividend11/21/201612/02/2016$0.16

About Netease

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Questions about NTES

How much is NTES today?

NTES is at $120.61 (-0.45% on the day), last traded on 10/01/2026.

How much did NTES pay in dividends in 2025?

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

How much did NTES return in 12 months?

NTES returned -11.83% in 12 months, with annualized volatility of 18.91% and a largest drawdown of -18.97%.