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NetEase stock: growth

NTES
$122.63Closing price of 12 Nov 2026MEQIRI Score 81 out of 100

NetEase reported $16.89B in revenue for fiscal 2025, up 7% on the prior year, up 8.9% a year on average over up to five years.

Daily figure as of 13 Nov 2026

Revenue (Annual rate)
23.1%
per year from 2006 to 2025, per share 23.2%
Earnings (Annual rate)
19%
per year from 2006 to 2025, per share 19.1%
Free cash flow (Annual rate)
20.3%
per year from 2006 to 2025, per share 20.3%

Growth per year by period

What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.

since 2020since 2015since 2006
Revenue8.9%17.3%23.1%
Revenue per share9.6%17.7%23.2%
Earnings22.9%17.5%19.0%
Earnings per share23.7%17.8%19.1%
Free cash flow17.5%21.2%20.3%
Free cash flow per share18.3%21.6%20.3%

Fiscal years at a glance

How revenue and earnings grow

  • Revenue
  • Earnings
  • Free cash flow
Figures as a table
YearRevenueEarningsFree cash flow
2006$324.58M$186.37M$217.99M
2007$331.91M$189.57M$192.17M
2008$462.58M$239.45M$282.48M
2009$563.41M$277.5M$252.95M
2010$825.95M$335.29M$222.24M
2011$1.09B$485.02M$543.24M
2012$1.23B$545.49M$606.7M
2013$1.38B$666.43M$752.23M
2014$1.76B$713.32M$785.72M
2015$3.42B$1.01B$1.06B
2016$5.73B$1.74B$2.15B
2017$6.66B$1.61B$1.51B
2018$7.67B$922.64M$979.25M
2019$8.88B$3.18B$2.08B
2020$11.05B$1.81B$3.24B
2021$13.14B$2.53B$3.27B
2022$14.47B$3.05B$3.76B
2023$15.52B$4.41B$4.66B
2024$15.79B$4.45B$5.62B
2025$16.89B$5.06B$7.25B

Data status and sources

Score
Daily value of 13 Nov 2026, recalculated nightly
Price
Closing price of 12 Nov 2026
Latest annual report
Fiscal year 2025, period end 31 Dec 2025
Currency
Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = CN¥6.6683)
Source
Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.

Mandatory disclosures for this rating

  • ; time horizon around 12 months
  • Rated Strong, published since 7 Nov 2026 (in the score history since 31 Mar 2019)
  • Valuation signal Undervalued since 7 Nov 2026
  • End-of-day prices, metrics cached for up to 24 hours
  • Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
  • Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
  • Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.

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