NetEase Cash Flow Statement
NASDAQ: NTESTechnologyComputer Software: Prepackaged SoftwareUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
NetEase free cash flow
In fiscal 2025, NetEase generated $7.26 billion of operating cash flow and spent $152.3 million on capital expenditures. That left free cash flow of $7.10 billion, a free-cash-flow margin of 44.1% of revenue. Free cash flow was up 35.0% from the prior year's $5.26 billion.
NetEase returned $1.98 billion to shareholders through dividends, equal to 28% of free cash flow. Free cash flow covered dividend payments 3.6 times.
Summary generated from market data by MetaCap's automated system. Methodology
NetEase cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 4.98B | 4.15B | 4.13B | 2.88B | 2.66B | 1.89B | 3.08B | 942.10M | 1.67B | 1.70B |
| Net Income growth (YoY) | +20.05% | +0.25% | +43.72% | +8.00% | +40.97% | -38.61% | +226.76% | -43.50% | -1.83% | +60.93% |
| Depreciation & Amortization | 321.38M | 331.25M | 430.32M | 414.40M | 514.03M | 529.93M | 375.45M | 303.03M | 123.23M | 47.17M |
| Stock-Based Compensation | 521.61M | 531.96M | 456.74M | 460.21M | 477.28M | 408.20M | 345.33M | 367.92M | 308.05M | 142.61M |
| Change in Working Capital | 802.30M | 293.71M | -68.11M | 303.15M | 48.05M | 267.02M | -26.98M | 108.03M | -559.29M | 1.78M |
| Operating Cash Flow | 7.26B | 5.44B | 4.98B | 4.02B | 3.91B | 3.81B | 2.47B | 1.95B | 1.83B | 2.23B |
| Capital Expenditures | -152.35M | -174.73M | -324.17M | -304.51M | -251.36M | -161.77M | -173.73M | -367.70M | -283.25M | -163.55M |
| Investing Cash Flow | -4.74B | 2.45B | -2.40B | -1.07B | -1.11B | -4.47B | -3.18B | -1.97B | -2.04B | -2.02B |
| Dividends Paid | -1.98B | -1.53B | -1.13B | -974.84M | -550.54M | -656.01M | -1.27B | -209.47M | -500.69M | -366.72M |
| Share Repurchases | — | — | — | — | — | — | — | -1.09B | -316.86M | -172.71M |
| Debt Issued | — | — | — | — | 697.92M | — | — | — | — | — |
| Financing Cash Flow | -2.88B | -3.74B | -3.02B | -1.48B | -1.97B | 1.52B | 155.49M | 230.88M | -200.23M | -324.14M |
| Net Change in Cash | -426.67M | 4.15B | -476.30M | 1.48B | 817.17M | 884.40M | -547.08M | 220.39M | -411.19M | -91.03M |
| Free Cash Flow | 7.10B | 5.26B | 4.65B | 3.71B | 3.66B | 3.65B | 2.30B | 1.58B | 1.54B | 2.07B |
This table shows 10 annual periods of NetEase's cash flow statement, from FY 2025 back to FY 2016, across 13 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow NTES's reporting calendar. What is a cash flow statement?