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KE Holdings Inc. logo

KE Holdings Inc.

BEKE

NYSEReal EstateReal Estate - Services

Open in GoAI

Previous close

$17.75

+$0.76 · +4.47%

Aug 21, 4:00 PM ET

Pre-market

$17.97

+$0.22 · +1.24%

Aug 24, 6:37 AM ET

BEKE company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

76

Undervalued

Momentum

35

Weakening

Sentiment

61

Bullish

Risk resilience

68

Moderate Risk

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Company profile

Company website

KE Holdings Inc., through its various subsidiaries, operates a comprehensive online and offline ecosystem facilitating real estate transactions and services across the People's Republic of China. Its business activities are categorized into five distinct segments: existing home sales, new home sales, home improvement and furnishing solutions, rental property services, and emerging and other offerings. At its core, the company manages the Beike platform, which integrates its digital and physical real estate services. Alongside this, it oversees Lianjia, a prominent real estate brokerage chain, and the innovative Agent Cooperation Network (ACN), which serves as an operating system fostering collaboration and mutual benefit among diverse service providers. Further expanding its reach, KE Holdings also encompasses the Deyou brand, dedicated to connected brokerage stores, among other proprietary labels. Beyond core transactions, the firm extends its offerings to include property management and operational services for rental properties, as well as critical support functions like secure payment processing, escrow services, and contractual assistance. Established in 2001, KE Holdings Inc. maintains its headquarters in Beijing, China.

Industry
Real Estate - Services
Sector
Real Estate
Headquarters
CN
CEO
Yongdong Peng
Listed since
Aug 13, 2020
Employees
119,245

Market position

Day range

Current $17.75

52-week range

Current $17.75

Open
$17.965
Previous close
$16.99
Volume
7.37M
1.73× average
Average volume
4.25M
Average daily volume
Market cap
19.61B USD
Beta
-0.33
Market reference 1
50-day average
$16.2248
+9.40% above average
200-day average
$16.7199
+6.16% above average

Financials

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends31%19%7%-5%Gross margin, FY2021: 19.59%Gross margin, FY2022: 22.71%Gross margin, FY2023: 27.92%Gross margin, FY2024: 24.55%Gross margin, FY2025: 21.37%Operating margin, FY2021: 0.56%Operating margin, FY2022: -0.03%Operating margin, FY2023: 7.27%Operating margin, FY2024: 4.97%Operating margin, FY2025: 2.99%Net margin, FY2021: -0.65%Net margin, FY2022: -2.28%Net margin, FY2023: 7.56%Net margin, FY2024: 4.35%Net margin, FY2025: 3.17%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 19.59%. Gross margin FY2022 22.71%. Gross margin FY2023 27.92%. Gross margin FY2024 24.55%. Gross margin FY2025 21.37%. Operating margin FY2021 0.56%. Operating margin FY2022 -0.03%. Operating margin FY2023 7.27%. Operating margin FY2024 4.97%. Operating margin FY2025 2.99%. Net margin FY2021 -0.65%. Net margin FY2022 -2.28%. Net margin FY2023 7.56%. Net margin FY2024 4.35%. Net margin FY2025 3.17%.

Income trends

Revenue

94.58B USD+1.20%

Operating income

2.83B USD-39.15%

Net income

2.99B USD-26.35%
Income trends across reported periods104.18B USD65.79B USD27.4B USD−10.98B USDRevenue, FY2021: 80.75B USDRevenue, FY2022: 60.67B USDRevenue, FY2023: 77.78B USDRevenue, FY2024: 93.46B USDRevenue, FY2025: 94.58B USDOperating income, FY2021: 451.75M USDOperating income, FY2022: −16.48M USDOperating income, FY2023: 5.65B USDOperating income, FY2024: 4.65B USDOperating income, FY2025: 2.83B USDNet income, FY2021: −524.13M USDNet income, FY2022: −1.39B USDNet income, FY2023: 5.88B USDNet income, FY2024: 4.06B USDNet income, FY2025: 2.99B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 80.75B USD. Revenue FY2022 60.67B USD. Revenue FY2023 77.78B USD. Revenue FY2024 93.46B USD. Revenue FY2025 94.58B USD. Operating income FY2021 451.75M USD. Operating income FY2022 −16.48M USD. Operating income FY2023 5.65B USD. Operating income FY2024 4.65B USD. Operating income FY2025 2.83B USD. Net income FY2021 −524.13M USD. Net income FY2022 −1.39B USD. Net income FY2023 5.88B USD. Net income FY2024 4.06B USD. Net income FY2025 2.99B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue94.58B USD93.46B USD77.78B USD60.67B USD80.75B USD
Cost of goods sold74.37B USD70.51B USD56.06B USD46.89B USD64.93B USD
Gross profit20.21B USD22.94B USD21.72B USD13.78B USD15.82B USD
Research and development2.58B USD2.28B USD1.94B USD2.55B USD3.19B USD
Selling, general, and administrative15.4B USD16.74B USD14.89B USD11.92B USD13.23B USD
Operating expenses17.38B USD18.3B USD16.07B USD13.8B USD15.37B USD
Interest income834.51M USD1.29B USD1.29B USD769.09M USD861.8M USD
Interest expense7.42M USD28.55M USD28.15M USD14.49M USD30.41M USD
Depreciation and amortization1.07B USD1.01B USD1.4B USD1.5B USD1.37B USD
Operating income2.83B USD4.65B USD5.65B USD−16.48M USD451.75M USD
Net income2.99B USD4.06B USD5.88B USD−1.39B USD−524.13M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 2 misses, 3 met estimates
Average EPS surprise
+9.40%
11 comparable reports
Latest EPS result
0.42
Estimate 0.31 · Beat by 35.48%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.460.330.190.06Q1 '25MissQ2 '25MetQ3 '25MetQ4 '25MetQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 18, 2025: actual 0.16, estimate 0.26, surprise -38.46%, Miss. Q2 2025, reported May 15, 2025: actual 0.16, estimate 0.16, surprise 0.00%, Met estimate. Q3 2025, reported Aug 26, 2025: actual 0.22, estimate 0.22, surprise 0.00%, Met estimate. Q4 2025, reported Nov 10, 2025: actual 0.16, estimate 0.16, surprise 0.00%, Met estimate. Q1 2026, reported Mar 16, 2026: actual 0.07, estimate 0.105, surprise -33.14%, Miss. Q2 2026, reported May 19, 2026: actual 0.2, estimate 0.14, surprise +42.86%, Beat. Q3 2026, reported Aug 21, 2026: actual 0.42, estimate 0.31, surprise +35.48%, Beat. Q4 2026, reported Nov 10, 2026: actual —, estimate 0.25, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates4.43B3.8B3.17B2.53BQ1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 18, 2025: actual 4.26B USD, estimate 3.78B USD, surprise +12.67%, Beat. Q2 2025, reported May 15, 2025: actual 3.2B USD, estimate 3.12B USD, surprise +2.76%, Beat. Q3 2025, reported Aug 26, 2025: actual 3.63B USD, estimate 3.65B USD, surprise -0.68%, Miss. Q4 2025, reported Nov 10, 2025: actual 3.24B USD, estimate 3.12B USD, surprise +3.74%, Beat. Q1 2026, reported Mar 16, 2026: actual 3.17B USD, estimate 3.17B USD, surprise +0.03%, Beat. Q2 2026, reported May 19, 2026: actual 2.74B USD, estimate 2.7B USD, surprise +1.35%, Beat. Q3 2026, reported Aug 21, 2026: actual 3.61B USD, estimate 3.59B USD, surprise +0.66%, Beat. Q4 2026, reported Nov 10, 2026: actual —, estimate 3.18B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$23.05

29.86% upside
Past 12 months12-month forecastHigh $24.40Average $23.05Low $21.00

Recent analyst actions

7 institutions
JP MorganmaintainOverweight
Morgan StanleymaintainOverweight
HSBCmaintainBuy

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ETFs holding BEKE

Funds reporting this stock among their holdings, ordered by reported position size.

EMQQ The Emerging Markets Internet ETF logoEMQQ The Emerging Markets Internet ETFEMQQ
Market value
21.54M
Weight
2.51%
AUM
273.19M USD
Expense ratio
0.86%
Price / 1D
$34.205+0.16%
State Street SPDR Portfolio Emerging Markets ETF logoState Street SPDR Portfolio Emerging Markets ETFSPEM
Market value
17.29M
Weight
0.10%
AUM
17.57B USD
Expense ratio
0.07%
Price / 1D
$52.38+0.61%
Avantis Emerging Markets Equity ETF logoAvantis Emerging Markets Equity ETFAVEM
Market value
16.72M
Weight
0.06%
AUM
27.89B USD
Expense ratio
0.33%
Price / 1D
$94.24+0.75%
Schwab Fundamental Emerging Markets Large Company Index ETF logoSchwab Fundamental Emerging Markets Large Company Index ETFFNDE
Market value
15.68M
Weight
0.15%
AUM
10.2B USD
Expense ratio
0.39%
Price / 1D
$41.87+0.92%
Invesco RAFI Emerging Markets ETF logoInvesco RAFI Emerging Markets ETFPXH
Market value
3.6M
Weight
0.18%
AUM
2B USD
Expense ratio
0.47%
Price / 1D
$29.37+1.17%
Inspire Fidelis Multi Factor ETF logoInspire Fidelis Multi Factor ETFFDLS
Market value
2.64M
Weight
1.08%
AUM
246.97M USD
Expense ratio
0.66%
Price / 1D
$43.32+1.00%
Invesco Golden Dragon China ETF logoInvesco Golden Dragon China ETFPGJ
Market value
2.22M
Weight
2.39%
AUM
92.77M USD
Expense ratio
0.70%
Price / 1D
$24.32+0.25%
State Street SPDR S&P China ETF logoState Street SPDR S&P China ETFGXC
Market value
1.73M
Weight
0.36%
AUM
474.65M USD
Expense ratio
0.59%
Price / 1D
$91.50+0.51%

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