BEKE · KE Holdings Inc. · Financials

$17.86 +0.21 (+1.19%) At close · Nov 13 Play latest call Q2 2026 earnings call transcript

Market Cap

$19.56B

1.10B

Volume · Nov 13 6.37M Avg daily vol (3M) 5.11M

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Pull these statements through the financial statements API or MCP →

Revenue

94.58B +1.2%

FY2025

Net Income

2.99B -26.3%

FY2025

Gross Margin

21.37% -3.2pp

FY2025

Operating Margin

2.23% -1.8pp

FY2025

Diluted EPS

0.86 -25.2%

FY2025

Operating Cash Flow

-376.17M -104%

FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Income Statement Balance Sheet Cash Flow All Metrics

Annual Quarterly

Line Item	3Y	5Y	10Y	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Revenue CNY	+16.0%	+6.1%	—	94.58B	93.46B	77.78B	60.67B	80.75B	70.48B	46.01B	28.65B
Net Interest Income CNY	—	—	—	—	—	1.26B	743.48M	354.57M	163.6M	230.34M	121.37M
Rental Income CNY	+133.9%	—	—	18.52B	12.98B	5.53B	1.45B	635.6M	—	—	—
Cost of Revenue CNY	+16.6%	+6.8%	—	74.37B	70.51B	56.06B	46.89B	64.93B	53.62B	34.75B	21.78B
Gross Profit CNY	+13.6%	+3.7%	—	20.21B	22.94B	21.72B	13.78B	15.82B	16.86B	11.27B	6.87B
Research & Development CNY	+0.5%	+0.8%	—	2.58B	2.28B	1.94B	2.55B	3.19B	2.48B	1.57B	670.92M
Selling & Marketing CNY	+17.0%	+14.6%	—	7.33B	7.78B	6.65B	4.57B	4.31B	3.72B	3.11B	2.49B
General & Administrative CNY	+3.2%	+1.3%	—	8.08B	8.96B	8.24B	7.35B	8.92B	7.59B	8.38B	4.93B
Amortization of Intangibles CNY	-38.2%	-26.0%	—	138.26M	268.68M	627.15M	584.46M	491.03M	621.17M	477.32M	138.92M
Depreciation & Amortization CNY	-10.6%	-1.8%	—	1.07B^d	1.01B^d	1.4B^d	1.5B^d	1.37B^d	1.17B^d	1.04B^d	792.29M^d
Total Operating Expenses CNY	+7.4%	+5.2%	—	18.1B	19.18B	16.92B	14.61B	17.17B	14.02B	13.05B	8.09B
Operating Income CNY	—	-5.8%	—	2.11B	3.76B	4.8B	-832.91M	-1.35B	2.84B	-1.79B	-1.22B
Interest Expense CNY	-21.7%	-48.6%	—	6.75M	12.65M	17.24M	14.05M	6.11M	188.36M	181.1M	43.52M
Interest Income CNY	—	—	—	—	252.97M	1.41B	767.33M	425.91M	—	—	—
Other Non-Operating Income CNY	-2.7%	+6.5%	—	1.45B	1.57B	1.87B	1.57B	1.7B	1.06B	431.3M	634.76M
Equity in Earnings of Unconsolidated Entities CNY	-28.3%	—	—	16.42M	10.19M	9.1M	44.59M	39.52M	-10.92M	11.38M	1.76M
Pretax Income CNY	+152.0%	+1.3%	—	4.68B	6.87B	7.88B	292.29M	1.14B	4.39B	-1.28B	-499.07M
Income Tax CNY	-0.1%	+0.9%	—	1.69B	2.79B	1.99B	1.69B	1.67B	1.61B	904.36M	-71.38M
Net Income CNY	—	+1.5%	—	2.99B	4.06B	5.88B	-1.39B	-524.13M	2.78B	-2.18B	-467.82M
Net Income Attributable to Noncontrolling Interests CNY	—	—	—	-2.96M	13.28M	6.38M	-11.21M	-637K	731K	3.42M	40.14M
Net Income Available to Common Stockholders CNY	—	+33.0%	—	2.99B	4.06B	5.88B	-1.39B	-524.13M	720.47M	-4.05B	-2.39B
Comprehensive Income CNY	+47.1%	+24.9%	—	2.67B	4.43B	6.54B	840.93M	-1.33B	880.2M	-2.12B	-467.63M
EPS (Basic) USD/shares	—	+21.1%	—	$0.13	$0.16	$0.24	-$0.06	-$0.02	$0.05	—	—
EPS (Diluted) USD/shares	—	+19.1%	—	$0.12	$0.16	$0.23	-$0.06	-$0.02	$0.05	—	—
Shares Outstanding (Basic Avg) shares	-2.3%	+8.4%	—	3.33B	3.41B	3.52B	3.57B	3.55B	2.23B	1.38B	1.36B
Shares Outstanding (Diluted Avg) shares	-0.9%	+8.9%	—	3.47B	3.54B	3.61B	3.57B	3.55B	2.27B	1.38B	1.36B

^d Depreciation & amortization is the sum of the reported depreciation and the reported amortization of intangible assets where the filer tags no total. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2019–FY2025: 18.36B in buybacks, 7.14B in dividends.

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

Read debt and covenant terms in your AI or your code through MCP and the API →

Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balance	As of	Amount	Source
Current operating lease liabilities	2025-12-31	USD 1,524,156,000	20-F filed 2026-04-24
Long-term debt, including current maturities	2025-12-31	CNY 182,917,000	20-F filed 2026-04-24
Noncurrent operating lease liabilities	2025-12-31	USD 996,635,000	20-F filed 2026-04-24
Operating lease liabilities	2025-12-31	CNY 17,628,147,000	20-F filed 2026-04-24
Related accounting measures — not additional borrowing Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year. Current operating lease liabilities CNY 10,658,576,000 Noncurrent operating lease liabilities CNY 6,969,571,000
Short-term bank loans and notes payable	2025-12-31	CNY 207,717,000	20-F filed 2026-04-24
Short-term bank loans and notes payable	2025-12-31	USD 29,703,000	20-F filed 2026-04-24

Instrument and agreement coverage is incomplete. Additional filings are awaiting review.

Covenants

Covenant terms have not yet been verified for this profile.

The balance figures do not establish whether covenants apply or whether the company complies with them.

Loans, facilities and notes

The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue

—

Peer median 0.87×

EV/EBIT

—

Peer median 20.62×

P/E (TTM)

—

Peer median 45.86×

Price/Sales (TTM)

—

Peer median 0.74×

Price/Book

2.06×

Peer median 2.49×

Peer medians compare against the 8 similar-size Real Estate Services companies (of 55 listed).

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (CNY)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
New Home Transaction Services Segment	30,597,319,000	33,653,403,000	30,575,778,000	28,650,374,000	46,472,378,000	37,937,886,000	20,273,860,000	7,471,924,000
Existing Home Transaction Services Segment	25,020,035,000	28,201,003,000	27,954,135,000	24,123,703,000	31,947,953,000	30,564,584,000	24,568,508,000	20,154,642,000
Home Transaction Services Segment	21,900,320,000	14,334,479,000	6,099,747,000	1,515,442,000	—	—	—	—
Home Renovation and Furnishing Services Segment	15,426,141,000	14,768,947,000	10,850,497,000	5,046,627,000	197,452,000	108,960,000	—	—
Emerging and Other Services Segment	1,636,390,000	2,499,666,000	2,296,775,000	1,332,633,000	2,134,656,000	1,869,548,000	1,172,538,000	1,019,933,000

By Product & Service (CNY)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
New Home Transaction Services	30,597,319,000	33,653,403,000	30,575,778,000	28,650,374,000	46,472,378,000	37,937,886,000	20,273,860,000	7,471,924,000
Existing Home Transaction Services	25,020,035,000	28,201,003,000	27,954,135,000	24,123,703,000	31,947,953,000	30,564,584,000	24,568,508,000	20,154,642,000
Home Rental Services	21,900,320,000	14,334,479,000	6,099,747,000	1,515,442,000	—	—	—	—
Home Renovation and Furnishing Services	15,426,141,000	14,768,947,000	10,850,497,000	5,046,627,000	197,452,000	108,960,000	—	—
Emerging and Other Services	1,636,390,000	2,499,666,000	2,296,775,000	1,332,633,000	2,134,656,000	1,869,548,000	1,172,538,000	1,019,933,000

Key facts CIK 1809587 CUSIP 482497104 13F (30d) 181 filings 159 filers Visit website Investor relations