NTES
NetEase, Inc.
NasdaqGSUSDEQUITY
Communication Services
DELAYED
Last price
128.20
▲ 8.39 (7.00%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
Lower pane
Tool
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
127.00
Prev close
119.81
Day high
129.33
Day low
127.07
Volume
1.30M
Market cap
$82.06B
P/E (TTM)
17.11
52W range
106.06 – 159.55
Day trading desk
Gap from prior close
+6.00%
Prior close 119.81
VWAP
128.39
-0.15% from price
Relative volume
1.36×
Normal
Session range
7.95%
119.81 – 129.33
Position in range
88%
Near session high
ATR (14D)
3.96
3.09% of price
Prior day high
122.87
PDH
Prior day low
119.39
PDL
Bid / ask spread
—
Quote not published
Session volume
1.30M
Avg 959.67K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+2.44%
+3.8%
1M
+6.65%
+2.9%
3M
+12.10%
+9.0%
6M
+8.24%
-2.8%
YTD
-6.87%
-19.2%
1Y
-1.80%
-21.8%
3Y
+26.24%
-47.9%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on NTES open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
44.33M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 11, 26 | MO BIN Officer |
STOCK | 716 | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
MO BIN |
Officer | 716 | Stock Award(Grant) |
Fundamentals
Market cap$82.06B
Enterprise value$252.22B
Revenue (TTM)$116.60B
Gross profit$78.30B
EBITDA$43.29B
Net income$32.51B
EPS (TTM)$7.49
Free cash flow$32.77B
Total cash$175.39B
Total debt$12.60B
Book value / share$7.76
Shares outstanding640.25M
Float1.75B
Short % of float0.73%
Dividend yield2.36%
Beta (5Y)0.80
Valuation & profitability ratios
Trailing P/E17.11
Forward P/E11.99
PEG ratio1.41
Price / sales—
Price / book16.52
EV / revenue2.16
EV / EBITDA5.83
Gross margin67.15%
Operating margin40.16%
Profit margin27.88%
Return on equity20.37%
Return on assets11.65%
Debt / equity7.35
Current ratio3.45
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $112.63B | $105.30B | $103.47B | $96.50B | +7.0% |
| Operating revenue | $112.63B | $105.30B | $103.47B | $96.50B | +7.0% |
| Cost of revenue | $40.22B | $39.49B | $40.40B | $43.73B | +1.9% |
| Gross profit | $72.40B | $65.81B | $63.06B | $52.77B | +10.0% |
| Research & development | $17.72B | $17.52B | $16.48B | $15.04B | +1.1% |
| Selling, general & admin | $18.85B | $18.70B | $18.87B | $18.10B | +0.8% |
| Total operating expense | $36.57B | $36.22B | $35.35B | $33.14B | +0.9% |
| Operating income | $35.83B | $29.58B | $27.71B | $19.63B | +21.1% |
| Net interest income | $3.95B | $4.92B | $4.12B | $2.15B | -19.7% |
| Pre-tax income | $40.83B | $35.72B | $34.06B | $24.25B | +14.3% |
| Tax provision | $6.03B | $5.46B | $4.70B | $5.03B | +10.5% |
| Net income | $33.76B | $29.70B | $29.42B | $20.34B | +13.7% |
| Net income to common | $33.76B | $29.70B | $29.42B | $20.34B | +13.7% |
| Basic EPS | 52.95 | 46.40 | 45.75 | 31.15 | +14.1% |
| Diluted EPS | 52.40 | 45.95 | 45.25 | 30.85 | +14.0% |
| EBIT | $35.83B | $29.58B | $27.71B | $19.63B | +21.1% |
| EBITDA | $38.08B | $32.00B | $30.76B | $22.49B | +19.0% |
| Basic shares | 637.29M | 640.09M | 643.29M | 652.69M | -0.4% |
| Diluted shares | 643.63M | 646.12M | 650.41M | 659.20M | -0.4% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $47.17B | $51.38B | $21.43B | $24.89B | — | -8.2% |
| Cash & short-term investments | $162.61B | $137.58B | $126.72B | $117.46B | — | +18.2% |
| Accounts receivable | $5.34B | $5.67B | $6.42B | $5.00B | — | -5.8% |
| Inventory | $689.18M | $571.55M | $695.37M | $993.64M | — | +20.6% |
| Total current assets | $180.62B | $153.32B | $142.69B | $131.60B | — | +17.8% |
| Property, plant & equipment | $8.75B | $9.06B | $8.82B | $7.23B | — | -3.5% |
| Goodwill & intangibles | $6.85B | $7.44B | $7.82B | $8.41B | — | -7.9% |
| Total assets | $221.42B | $195.99B | $185.92B | $172.76B | — | +13.0% |
| Total current liabilities | $52.37B | $49.67B | $53.84B | $56.83B | — | +5.4% |
| Current debt | $6.38B | $11.81B | $19.24B | $23.88B | — | -45.9% |
| Long-term debt | — | $428.00M | $428.00M | $3.65B | $1.28B | — |
| Total debt | $6.73B | $12.82B | $20.48B | $28.46B | — | -47.5% |
| Total liabilities | $56.31B | $53.50B | $57.84B | $63.89B | — | +5.3% |
| Retained earnings | $149.75B | $130.33B | $112.21B | $91.07B | — | +14.9% |
| Shareholder equity | $160.30B | $138.69B | $124.29B | $104.73B | — | +15.6% |
| Working capital | $128.25B | $103.66B | $88.85B | $74.77B | — | +23.7% |
| Net tangible assets | $153.45B | $131.24B | $116.47B | $96.33B | — | +16.9% |
| Shares issued | 3.22B | 3.21B | 3.32B | 3.32B | — | +0.3% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $34.80B | $30.26B | $29.36B | $19.22B | +15.0% |
| Depreciation & amortisation | $2.25B | $2.42B | $3.06B | $2.86B | -7.1% |
| Stock-based compensation | $3.65B | $3.88B | $3.24B | $3.17B | -6.1% |
| Change in working capital | $8.72B | $3.65B | $375.88M | $3.50B | +138.8% |
| Operating cash flow | $50.74B | $39.68B | $35.33B | $27.71B | +27.9% |
| Capital expenditure | -$2.05B | -$2.21B | -$4.28B | -$2.64B | +7.0% |
| Investing cash flow | -$33.18B | $17.92B | -$17.04B | -$7.37B | -285.2% |
| Share buybacks | -$639.34M | -$8.83B | -$5.23B | -$8.33B | +92.8% |
| Dividends paid | -$13.83B | -$11.17B | -$8.01B | -$6.72B | -23.8% |
| Financing cash flow | -$20.16B | -$27.34B | -$21.47B | -$10.24B | +26.3% |
| Free cash flow | $48.69B | $37.47B | $31.06B | $25.07B | +29.9% |
| End cash position | $51.49B | $54.47B | $24.21B | $27.59B | -5.5% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $30.59B | $27.55B | $28.36B | $27.89B | $28.83B | +11.1% |
| Operating revenue | $30.59B | $27.55B | $28.36B | $27.89B | $28.83B | +11.1% |
| Cost of revenue | $9.37B | $9.85B | $10.18B | $9.84B | $10.35B | -4.9% |
| Gross profit | $21.22B | $17.69B | $18.18B | $18.05B | $18.48B | +19.9% |
| Research & development | $4.48B | $4.43B | $4.54B | $4.36B | $4.39B | +1.1% |
| Selling, general & admin | $4.08B | $4.94B | $5.62B | $4.63B | $3.65B | -17.4% |
| Total operating expense | $8.56B | $9.37B | $10.16B | $8.99B | $8.04B | -8.7% |
| Operating income | $12.66B | $8.32B | $8.01B | $9.06B | $10.44B | +52.1% |
| Net interest income | $890.27M | $1.00B | $936.71M | $953.49M | $1.06B | -11.2% |
| Pre-tax income | $13.37B | $7.62B | $10.11B | $10.65B | $12.45B | +75.4% |
| Tax provision | $2.52B | $1.25B | $1.32B | $1.56B | $1.91B | +101.8% |
| Net income | $10.67B | $6.24B | $8.62B | $8.60B | $10.30B | +71.0% |
| Net income to common | $10.67B | $6.24B | $8.62B | $8.60B | $10.30B | +71.0% |
| Basic EPS | 16.70 | 9.80 | 13.50 | 13.50 | 16.25 | +70.4% |
| Diluted EPS | 16.55 | 9.65 | 13.35 | 13.35 | 16.05 | +71.5% |
| EBIT | $12.66B | $8.32B | $8.01B | $9.06B | $10.44B | +52.1% |
| EBITDA | $13.09B | $9.04B | $8.63B | $9.49B | $10.92B | +44.8% |
| Basic shares | 639.62M | 638.36M | 638.25M | 637.73M | 634.78M | +0.2% |
| Diluted shares | 645.47M | 645.58M | 644.70M | 642.94M | 641.27M | -0.0% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $50.82B | $47.17B | $31.33B | $54.43B | $41.75B | — | +7.7% |
| Cash & short-term investments | $170.90B | $162.61B | $149.09B | $146.69B | $140.11B | — | +5.1% |
| Accounts receivable | $6.49B | $5.34B | $5.96B | $5.78B | $6.74B | — | +21.6% |
| Inventory | $546.03M | $689.18M | $637.33M | $591.76M | $517.79M | — | -20.8% |
| Total current assets | $188.66B | $180.62B | $171.21B | $162.95B | $157.67B | — | +4.5% |
| Property, plant & equipment | $8.31B | $8.75B | $8.52B | $8.45B | $8.45B | — | -5.0% |
| Goodwill & intangibles | $4.01B | $6.85B | $4.08B | $4.11B | $4.14B | — | -41.4% |
| Total assets | $231.40B | $221.42B | $214.49B | $208.50B | $200.86B | — | +4.5% |
| Total current liabilities | $57.44B | $52.37B | $50.09B | $50.45B | $49.14B | — | +9.7% |
| Current debt | $10.96B | $6.38B | $7.35B | $11.28B | $9.82B | — | +71.6% |
| Long-term debt | — | — | — | — | — | $428.00M | — |
| Total debt | $10.96B | $6.73B | $7.35B | $11.28B | $9.82B | — | +62.8% |
| Total liabilities | $62.05B | $56.31B | $53.56B | $54.39B | $52.99B | — | +10.2% |
| Retained earnings | — | $149.75B | — | — | — | $130.33B | — |
| Shareholder equity | $164.72B | $160.30B | $156.26B | $149.59B | $143.83B | — | +2.8% |
| Working capital | $131.22B | $128.25B | $121.12B | $112.50B | $108.53B | — | +2.3% |
| Net tangible assets | $160.71B | $153.45B | $152.18B | $145.48B | $139.69B | — | +4.7% |
| Shares issued | 3.20B | 3.22B | 3.19B | — | 3.17B | 3.21B | -0.5% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | $10.85B | $6.37B | $8.79B | $9.09B | $10.55B | — | +70.3% |
| Depreciation & amortisation | $430.58M | $720.37M | $617.87M | $428.43M | $480.76M | — | -40.2% |
| Stock-based compensation | $616.18M | $847.19M | $902.20M | $946.39M | $951.87M | — | -27.3% |
| Change in working capital | $210.03M | $4.41B | $2.30B | $1.55B | $468.39M | — | -95.2% |
| Operating cash flow | $13.73B | $14.82B | $12.95B | $10.86B | $12.11B | — | -7.4% |
| Capital expenditure | -$602.17M | -$321.80M | -$474.63M | -$503.19M | -$752.84M | — | -87.1% |
| Investing cash flow | -$7.76B | $387.33M | -$24.62B | $3.89B | -$12.84B | — | -2,104.5% |
| Share buybacks | -$1.31B | -$15.40M | — | -$355.56M | -$303.60M | -$1.60B | -8,433.6% |
| Dividends paid | -$5.16B | -$2.58B | -$2.58B | -$3.08B | -$5.58B | — | -100.2% |
| Financing cash flow | -$1.80B | -$3.53B | -$6.39B | -$1.95B | -$8.29B | — | +49.1% |
| Free cash flow | $13.13B | $14.50B | $12.47B | $10.36B | $11.35B | — | -9.5% |
| End cash position | $55.32B | $51.49B | $39.98B | $58.17B | $45.40B | — | +7.4% |
Options analytics
Put / call volume
1.70
Put-heavy session
Put / call open interest
1.10
Positioning, not flow
Max pain
135.00
+5.3% from spot
ATM implied vol
32.5%
Nearest strike to spot
Skew (10% OTM)
+3.3%
Puts bid over calls
Call volume
286
Contracts, this expiry
Put volume
486
Contracts, this expiry
Heaviest call OI
135.00
1.26K contracts
Heaviest put OI
105.00
2.54K contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 15.54 | 12.02 | -22.7% |
| Mar 2026 | 15.39 | 17.46 | +13.4% |
| Dec 2025 | 14.12 | 10.95 | -22.4% |
| Sep 2025 | 14.81 | 14.73 | -0.5% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 16.11 | 11 | $30.34B | +7.0% |
| Next quarter | 15.52 | 9 | $29.76B | +8.1% |
| Current year | 62.28 | 19 | $120.69B | +7.2% |
| Next year | 71.85 | 22 | $129.43B | +7.2% |
Analyst targets & ownership
Mean target$161.36
High target$200.16
Low target$132.11
Implied upside25.87%
Analyst count32
ConsensusSTRONG BUY
Strong buy / Buy6 / 25
Hold1
Sell / Strong sell0 / 0
Held by insiders1.38%
Held by institutions10.02%
Institutions holding630
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
125.76
+1.94% from price
SMA 20
127.82
+0.28% from price
SMA 50
126.84
+1.05% from price
SMA 100
121.76
+5.29% from price
SMA 200
125.85
+1.85% from price
EMA 12
126.10
+1.67% from price
EMA 26
126.79
+1.11% from price
EMA 50
125.99
+1.76% from price
RSI (14)
51.8
Neutral
MACD (12,26,9)
-0.69
Hist -0.50
ATR (14)
3.96
3.09% of price
Realised vol 30D
44.4%
Annualised
Bollinger upper
135.28
20, 2σ
Bollinger lower
120.35
20, 2σ
50 / 200 cross
Golden
126.84 vs 125.85
Trend bias
Above 200
+1.85%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.57
Less volatile than market
Correlation to SPY
0.22
Largely independent
Realised vol 30D
44.4%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-31.4%
Peak to trough
Max drawdown 5Y
-52.0%
Peak to trough
ATR 14
3.96
3.09% of price
Beta (reported)
0.80
5Y monthly, from filing
Short interest
Shares short
2.56M
Prior 2.60M
Change vs prior
-1.8%
Shorts covering
% of float
0.73%
Normal
% of shares out
0.40%
Against total outstanding
Days to cover
2.7
Liquid
Float
1.75B
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Feb 12, 26 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| Nov 21, 25 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| Nov 21, 25 | Benchmark | MAINTAINED | Buy | Buy |
| Oct 10, 25 | JP Morgan | UPGRADE | Neutral | Overweight |
| Aug 18, 25 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| Jul 28, 25 | JP Morgan | DOWNGRADE | Overweight | Neutral |
| May 19, 25 | JP Morgan | MAINTAINED | Overweight | Overweight |
| May 16, 25 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| Feb 24, 25 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| Feb 21, 25 | Benchmark | MAINTAINED | Buy | Buy |
| Feb 12, 25 | Morgan Stanley | MAINTAINED | Overweight | Overweight |
| Jan 15, 25 | B of A Securities | MAINTAINED | Buy | Buy |
Dividends & splits
Forward rate$3.02 / yr
Forward yield2.36%
5-year avg yield1.94%
Payout ratio41.68%
Ex-dividend dateJun 5, 2026
Next pay dateJun 18, 2026
Last split5:1
Split dateOct 2, 2020
SEC filings
Corporate Changes & Voting Matters
6-K · 2026-08-20
Corporate Changes & Voting Matters
6-K · 2026-08-11
Corporate Changes & Voting Matters
6-K · 2026-08-06
Corporate Changes & Voting Matters
6-K · 2026-07-15
Corporate Changes & Voting Matters
6-K · 2026-07-07
Corporate Changes & Voting Matters
6-K · 2026-06-25
Corporate Changes & Voting Matters
6-K · 2026-06-23
Corporate Changes & Voting Matters
6-K · 2026-05-21
Headlines
NetEase (SEHK:9999) Stock May Trade At A 38% Discount To Fair Value
Simply Wall St. · 2d ago
NetEase (SEHK:9999) Could Be 23% Undervalued Following Q2 2026 Earnings
Simply Wall St. · 3d ago
NetEase (NTES) Q2 2026 Earnings Call Transcript
Motley Fool · 3d ago
NetEase Inc (NTES) (Q2 2026) Earnings Call Highlights: Strong Game Revenue Growth and Margin ...
GuruFocus.com · 3d ago
NetEase Q2 Earnings Call Highlights
MarketBeat · 3d ago
Sector Update: Tech Stocks Decline Premarket Thursday
MT Newswires · 3d ago
NTES Stock Falls After Missing Q2 Earnings Estimates As Higher R&D Expenses Weigh On Profits
Stocktwits · 4d ago
NetEase shares fall as Q2 earnings miss overshadows stronger revenue
InvestorsHub · 4d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.