NetEase, Inc.NTESNASDAQ
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SG&A Expense Growth Under PressureDecelerating
Percentile Rank8
Studio
Year-over-Year Change

Year-over-year SG&A expense growth

Percentile
P8
Near historical low
vs 2Y Ago
-1.5x
Contraction
Streak
2 qtr
Consecutive declineDecelerating
PeriodValue
Q4 2025-12.15%
Q3 202521.31%
Q2 202526.91%
Q1 2025-8.27%
Q4 2024-18.84%
Q3 20246.80%
Q2 2024-11.99%
Q1 2024-4.72%
Q4 20238.22%
Q3 202314.93%
Q2 202312.15%
Q1 2023-16.82%
Q4 2022-6.20%
Q3 202214.04%
Q2 202212.27%
Q1 2022-11.89%
Q4 20214.39%
Q3 20216.20%
Q2 20218.28%
Q1 2021-4.36%
Q4 2020-8.05%
Q3 202031.51%
Q2 202016.94%
Q1 2020-7.35%
Q4 201924.99%
Q3 2019-7.91%
Q2 201932.51%
Q1 2019-40.28%
Q4 20182.44%
Q3 20186.19%
Q2 2018-8.93%
Q1 20186.90%
Q4 201737.00%
Q3 2017-1.54%
Q2 201727.60%
Q1 20173.92%
Q4 20163.17%
Q3 201610.66%
Q2 201637.48%
Q1 2016-9.82%