R&D expense · 2011–2025

NetEase R&D expense

$2.5B+5.5% · FY2025

NetEase (NTES) reported $2.5B in R&D expense for fiscal 2025, +5.5% year on year.

$74.0M2011$115M2012$152M2013$213M2014$333M2015$439M2016$672M2017$1.1B2018$1.2B2019$1.6B2020$2.2B2021$2.2B2022$2.3B2023$2.4B2024$2.5B2025
NetEase — R&D expense, 2011–2025
Fiscal yearR&D expenseChangeFiling
FY20252025-12-31$2.5B+5.5%Open →
FY20242024-12-31$2.4B+3.4%Open →
FY20232023-12-31$2.3B+6.5%Open →
FY20222022-12-31$2.2B−1.3%Open →
FY20212021-12-31$2.2B+39.0%Open →
FY20202020-12-31$1.6B+31.5%Open →
FY20192019-12-31$1.2B+6.6%Open →
FY20182018-12-31$1.1B+68.7%Open →
FY20172017-12-31$672M+53.1%Open →
FY20162016-12-31$439M+31.7%Open →
FY20152015-12-31$333M+56.2%Open →
FY20142014-12-31$213M+40.1%Open →
FY20132013-12-31$152M+32.0%Open →
FY20122012-12-31$115M+55.9%Open →
FY20112011-12-31$74.0M—Open →

R&D expense — Research and development expense is what the company charged to R&D in the income statement for the year. Most companies report no R&D at all — the line is absent rather than zero — so this ranking covers the roughly 40% of filers that do.

Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2011–2025 compound annual growth +28.7%

R&D expense at companies of similar size

Full ranking by R&D expense →

Cite this page

Ready-made references for the figures on this page, as published on September 25, 2026.

Wikipedia

{{cite web |title=NetEase R&D expense |url=https://companiesranked.com/en/company/netease/research-and-development-expense |website=CompaniesRanked |date=2026-09-25 |language=en}}

APA 7

CompaniesRanked. (September 25, 2026). NetEase R&D expense. CompaniesRanked. https://companiesranked.com/en/company/netease/research-and-development-expense

BibTeX

@misc{companiesranked-en-company-netease-research-and-development-expense-2026,
  author       = {{CompaniesRanked}},
  title        = {{NetEase R\&D expense}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/company/netease/research-and-development-expense}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

The filing itself

The numbers above are read from this document: 20-F · 0001104659-26-043468 · April 15, 2026

{{cite web |title=NetEase R&D expense — 20-F (0001104659-26-043468) |url=https://www.sec.gov/Archives/edgar/data/1110646/000110465926043468/ntes-20251231x20f.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-04-15}}

The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.

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