KE Holdings Inc.(BEKE)Earnings, Financials & Key Ratios
BEKE•NYSE•REIT / Real Estate
40.0× P/E·Price updated Jun 19, 2026
SectorReal EstateIndustryReal Estate ServicesSub-IndustryResidential real estate brokerages and franchises
AboutKE Holdings Inc., through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. It operates through five segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, Home rental services, and Emerging and Other Services. The company operates Beike, an integrated online and offline platform for housing transactions and services; Lianjia, a real estate brokerage branded store; Agent Cooperation Network, an operating system that fosters reciprocity and bonding among various service providers. It also owns the Deyou brand for connected brokerage stores; and other brands. In addition, the company offers rental property management and operation services; and contract, secure payment, escrow, and other services. KE Holdings Inc. was founded in 2001 and is headquartered in Beijing, the People's Republic of China.Show more
- Revenue$94.58B+1.2%
- FFO$4.07B-19.9%
- FFO/Share3.51-18.4%
- FFO Payout68.92%+23.6%
- FFO per Share3.51-18.4%
- NOI Margin21.37%-13.0%
- FFO Margin4.3%-20.9%
- ROE4.34%-23.3%
- ROA2.4%-25.3%
BEKE Key Insights
KE Holdings Inc. (BEKE) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Sustainable FFO payout ratio of 68.9%
- ✓Healthy dividend yield of 2.4%
✗Weaknesses
- ✗FFO declining 19.9% TTM
- ✗Low NOI margin of 21.4%
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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BEKE Price & Volume
KE Holdings Inc. (BEKE) stock price & volume — 10-year historical chart
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BEKE Growth Metrics
KE Holdings Inc. (BEKE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years6.06%
3 Years15.95%
TTM1.2%
Profit CAGR
10 Years-
5 Years1.51%
3 Years-
TTM-26.35%
EPS CAGR
10 Years-
5 Years21.29%
3 Years-
TTM-25.33%
Return on Capital
10 Years0.46%
5 Years3.45%
3 Years5.54%
Last Year3.66%
BEKE Recent Earnings
KE Holdings Inc. (BEKE) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
May 19, 2026Metric
Actual
Est
EPS
$0.20+42.9%
$0.14
Rev
$2.7B+1.4%
$2.7B
Q2 2026
Mar 16, 2026Metric
Actual
Est
EPS
$0.07-33.1%
$0.10
Rev
$3.2B+0.0%
$3.2B
Q4 2025
Nov 10, 2025Metric
Actual
Est
EPS
$0.16+0.0%
$0.16
Rev
$3.2B+3.7%
$3.1B
Q3 2025
Aug 26, 2025Metric
Actual
Est
EPS
$0.22+0.0%
$0.22
Rev
$3.6B-0.7%
$3.7B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 19, 2026 | $0.20vs $0.14+42.9% | $2.7Bvs $2.7B+1.4% |
| Q2 2026 | Mar 16, 2026 | $0.07vs $0.10-33.1% | $3.2Bvs $3.2B+0.0% |
| Q4 2025 | Nov 10, 2025 | $0.16vs $0.16+0.0% | $3.2Bvs $3.1B+3.7% |
| Q3 2025 | Aug 26, 2025 | $0.22vs $0.22+0.0% | $3.6Bvs $3.7B-0.7% |
Based on last 12 quarters of dataView full earnings history →
BEKE Peer Comparison
KE Holdings Inc. (BEKE) competitors in Residential real estate brokerages and franchises — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 COMP | 6.09B | 10.01 | -100.10 | 23.67% | 0.17% | 1.11% | 0.58 | |
 EXPI | 753.34M | 4.73 | -33.79 | 4.48% | -0.35% | -7.05% | ||
 HOUS | 1.98B | 17.64 | -15.34 | 0.99% | -2.18% | -8.37% | 1.95 | |
 RMR | 651.74M | 20.45 | 19.85 | -21.98% | 3.6% | 5.65% | 0.51 | |
 ZG | 7.81B | 32.49 | 359.01 | 15.52% | 2.27% | 1.28% | 0.11 | |
 OPEN | 3.43B | 4.47 | -2.63 | -15.18% | -35.25% | -163.25% | 0.19 | |
 OPAD | 15.71M | 5.07 | -0.34 | -38.2% | -8.51% | -111.72% | 2.80 | |
 DOUG | 156.36M | 1.72 | 10.12 | 3.76% | 0.5% | 3.26% | 0.56 |
Compare BEKE vs Peers
KE Holdings Inc. (BEKE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BEKE Income Statement
KE Holdings Inc. (BEKE) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 25.51B | 28.65B | 46.01B | 70.48B | 80.75B | 60.67B | 77.78B | 93.46B | 94.58B |
Revenue Growth % | - | 12.31% | 60.63% | 53.17% | 14.57% | -24.87% | 28.2% | 20.16% | 1.2% |
Property Operating Expenses | 20.74B | 21.78B | 34.75B | 53.62B | 64.93B | 46.89B | 56.06B | 70.51B | 74.37B |
Net Operating Income (NOI) | 4.77B▲ 0% | 6.87B▲ 44.1% | 11.27B▲ 64.0% | 16.86B▲ 49.6% | 15.82B▼ 6.2% | 13.78B▼ 12.9% | 21.72B▲ 57.6% | 22.94B▲ 5.6% | 20.21B▼ 11.9% |
NOI Margin % | 18.69% | 23.98% | 24.49% | 23.92% | 19.59% | 22.71% | 27.92% | 24.55% | 21.37% |
Operating Expenses | 5.53B | 8.09B | 13.05B | 14.02B | 15.37B | 13.8B | 16.07B | 18.3B | 17.38B |
G&A Expenses | 5.28B | 7.42B | 11.48B | 11.3B | 13.23B | 11.92B | 14.89B | 16.74B | 15.4B |
EBITDA | 47.31M | -425.71M | -746.22M | 4.02B | 1.82B | 1.49B | 7.05B | 5.66B | 3.9B |
EBITDA Margin % | 0.19% | -1.49% | -1.62% | 5.7% | 2.26% | 2.45% | 9.07% | 6.06% | 4.12% |
Depreciation & Amortization | 811.2M | 792.29M | 1.04B | 1.17B | 1.37B | 1.5B | 1.4B | 1.01B | 1.07B |
D&A / Revenue % | 3.18% | 2.77% | 2.26% | 1.67% | 1.7% | 2.48% | 1.8% | 1.08% | 1.13% |
Operating Income | -763.89M▲ 0% | -1.22B▼ 59.4% | -1.79B▼ 46.6% | 2.84B▲ 259.2% | 451.75M▼ 84.1% | -16.48M▼ 103.6% | 5.65B▲ 34405.7% | 4.65B▼ 17.8% | 2.83B▼ 39.2% |
Operating Margin % | -2.99% | -4.25% | -3.88% | 4.03% | 0.56% | -0.03% | 7.27% | 4.97% | 2.99% |
Interest Expense | 43.85M | 43.54M | 206.97M | 0 | 30.41M | 14.49M | 28.15M | 28.55M | 7.42M |
Interest Coverage | -2.15x | -10.46x | -5.29x | - | 37.90x | 21.18x | 280.72x | 241.11x | 631.51x |
Non-Operating Income | -669.41M | -762.48M | -690.89M | -1.73B | -700.83M | -323.25M | -2.25B | -2.24B | -1.86B |
Pretax Income | -138.34M▲ 0% | -499.06M▼ 260.8% | -1.28B▼ 155.6% | 4.39B▲ 443.9% | 1.14B▼ 74.0% | 292.29M▼ 74.4% | 7.88B▲ 2597.3% | 6.87B▼ 12.9% | 4.68B▼ 31.9% |
Pretax Margin % | -0.54% | -1.74% | -2.77% | 6.22% | 1.41% | 0.48% | 10.14% | 7.35% | 4.95% |
Income Tax | 399.28M | -71.38M | 904.36M | 1.61B | 1.67B | 1.69B | 1.99B | 2.79B | 1.69B |
Effective Tax Rate % | -288.63% | 14.3% | -70.89% | 36.67% | 146% | 578.05% | 25.3% | 40.64% | 36.05% |
Net Income | -574.43M▲ 0% | -467.82M▲ 18.6% | -2.18B▼ 366.7% | 2.78B▲ 227.2% | -524.13M▼ 118.9% | -1.39B▼ 164.5% | 5.88B▲ 524.5% | 4.06B▼ 30.9% | 2.99B▼ 26.3% |
Net Margin % | -2.25% | -1.63% | -4.75% | 3.94% | -0.65% | -2.28% | 7.56% | 4.35% | 3.17% |
Net Income Growth % | - | 18.56% | -366.75% | 227.21% | -118.87% | -164.45% | 524.45% | -30.91% | -26.35% |
Funds From Operations (FFO) | 236.77M▲ 0% | 324.47M▲ 37.0% | -1.14B▼ 452.6% | 3.95B▲ 445.3% | 846.63M▼ 78.6% | 116.65M▼ 86.2% | 7.29B▲ 6145.7% | 5.08B▼ 30.3% | 4.07B▼ 19.9% |
FFO Margin % | 0.93% | 1.13% | -2.49% | 5.61% | 1.05% | 0.19% | 9.37% | 5.43% | 4.3% |
FFO Growth % | - | 37.04% | -452.65% | 445.35% | -78.57% | -86.22% | 6145.69% | -30.31% | -19.91% |
FFO per Share | 0.21 | 0.27 | -1.00 | 3.40 | 0.72 | 0.10 | 6.05 | 4.31 | 3.51 |
FFO Payout Ratio % | 53.72% | 0% | 0% | 0.98% | 9.05% | 47.85% | 19.57% | 55.75% | 68.92% |
EPS (Diluted) | -0.48▲ 0% | -0.39▲ 18.7% | -1.90▼ 387.2% | 0.96▲ 150.5% | -0.45▼ 146.9% | -1.17▼ 160.0% | 4.89▲ 517.9% | 3.45▼ 29.4% | 2.52▼ 27.0% |
EPS Growth % | - | 18.75% | -387.18% | 150.53% | -146.88% | -160% | 517.95% | -29.45% | -26.96% |
EPS (Basic) | -0.48 | -0.42 | -1.90 | 0.96 | -0.45 | -1.17 | 5.01 | 3.57 | 2.67 |
Diluted Shares Outstanding | 1.14B | 1.19B | 1.14B | 1.16B | 1.18B | 1.19B | 1.2B | 1.18B | 1.16B |
BEKE Balance Sheet
KE Holdings Inc. (BEKE) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Total Assets | 31.58B | 38.87B | 67.27B | 104.3B | 100.32B | 109.35B | 120.33B | 133.15B | 116.74B |
Asset Growth % | - | 23.07% | 73.07% | 55.05% | -3.81% | 9% | 10.05% | 10.65% | -12.32% |
Real Estate & Other Assets | 5.87M | 2.98B | 702.03M | 327.98M | 131.33M | 198.23M | 231.77M | -43.53M | 1.76B |
PP&E (Net) | 6B | 6.09B | 6.73B | 8.29B | 9.22B | 13.32B | 19.5B | 25.77B | 21.23B |
Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Total Current Assets | 24.07B | 27.37B | 51.91B | 87.54B | 69.93B | 70.42B | 69.75B | 76.6B | 68.16B |
Cash & Equivalents | 5.24B | 9.12B | 24.32B | 40.97B | 20.45B | 19.41B | 19.63B | 11.44B | 15.95B |
Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Other Current Assets | 2.1B | 7.36B | 5.56B | 1.02B | 8.78B | 8.63B | 10.66B | 8.86B | 4.14B |
Intangible Assets | 264.73M | 197M | 2.59B | 1.64B | 1.14B | 1.69B | 1.31B | 1.25B | 723.14M |
Total Liabilities | 19.14B | 24.01B | 35.73B | 37.5B | 33.26B | 40.29B | 48.13B | 61.7B | 49.91B |
Total Debt | 5.68B | 5.96B | 13.05B | 7.99B | 7.51B | 12.19B | 17.99B | 22.65B | 18.53B |
Net Debt | 446.11M | -3.16B | -11.27B | -32.98B | -12.94B | -7.22B | -1.65B | 11.21B | 2.57B |
Long-Term Debt | 0 | 112.9M | 4.9B | 15M | 0 | 0 | 0 | 0 | 183.03M |
Short-Term Borrowings | 1.38B | 1.14B | 3.01B | 1.51B | 454.2M | 619M | 290.45M | 288.28M | 11.37B |
Capital Lease Obligations | 4.3B | 4.71B | 5.14B | 6.46B | 7.06B | 11.57B | 17.7B | 22.37B | 6.97B |
Total Current Liabilities | 16.05B | 20.57B | 27.8B | 33.63B | 28.94B | 33.34B | 39.52B | 52.74B | 42.43B |
Accounts Payable | 359.27M | 1.41B | 4.03B | 6.44B | 5.74B | 5.84B | 6.33B | 9.49B | 6.06B |
Deferred Revenue | 244.44M | 303.81M | 593.37M | 734.16M | 1.13B | 3.29B | 0 | 0 | 5.69B |
Other Liabilities | 0 | 532.93M | 120.28M | 3.47M | 1.38M | 475K | 389K | 2.56M | 2.15M |
Total Equity | 12.44B▲ 0% | 14.86B▲ 19.5% | 31.54B▲ 112.2% | 66.79B▲ 111.8% | 67.06B▲ 0.4% | 69.05B▲ 3.0% | 72.2B▲ 4.6% | 71.45B▼ 1.0% | 66.57B▼ 6.8% |
Equity Growth % | - | 19.47% | 112.24% | 111.8% | 0.39% | 2.98% | 4.56% | -1.04% | -6.82% |
Shareholders Equity | 12.37B | 14.85B | 31.45B | 66.77B | 66.97B | 68.92B | 72.1B | 71.32B | 66.48B |
Minority Interest | 65.84M | 10.47M | 87.2M | 27.07M | 81.52M | 134.08M | 101.28M | 124.18M | 88.6M |
Common Stock | 178K | 189K | 202K | 482K | 489K | 487K | 475K | 461K | 450.28K |
Additional Paid-in Capital | 0 | 0 | 2.53B | 77.43B | 78.97B | 80.3B | 77.58B | 72.46B | 64.84B |
Retained Earnings | -5.37B | -7.99B | -11.78B | -9.23B | -9.84B | -11.41B | -5.67B | -1.72B | 1.14B |
Preferred Stock | 17.6B | 22.66B | 40.37B | 0 | 0 | 0 | 0 | 0 | 0 |
Return on Assets (ROA) | -1.82% | -1.33% | -4.11% | 3.24% | -0.51% | -1.32% | 5.12% | 3.21% | 2.4% |
Return on Equity (ROE) | -4.62% | -3.43% | -9.41% | 5.65% | -0.78% | -2.04% | 8.33% | 5.66% | 4.34% |
Debt / Assets | 17.99% | 15.33% | 19.4% | 7.66% | 7.49% | 11.15% | 14.95% | 17.01% | 15.87% |
Debt / Equity | 0.46x | 0.40x | 0.41x | 0.12x | 0.11x | 0.18x | 0.25x | 0.32x | 0.28x |
Net Debt / EBITDA | 9.43x | - | - | -8.21x | -7.10x | -4.86x | -0.23x | 1.98x | 0.66x |
Book Value per Share | 10.88 | 12.49 | 27.58 | 57.55 | 56.68 | 58.04 | 59.97 | 60.59 | 57.52 |
BEKE Cash Flow Statement
KE Holdings Inc. (BEKE) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | -6.46B | 3.22B | 112.63M | 9.36B | 3.6B | 8.46B | 11.16B | 9.45B | -365.92M |
Operating CF Growth % | - | 149.82% | -96.5% | 8212.42% | -61.6% | 135.34% | 31.88% | -15.33% | -103.87% |
Operating CF / Revenue % | -25.31% | 11.23% | 0.24% | 13.28% | 4.45% | 13.95% | 14.35% | 10.11% | -0.39% |
Net Income | -537.62M | -427.68M | -2.18B | 2.78B | -524.77M | -1.4B | 5.89B | 4.06B | 2.91B |
Depreciation & Amortization | 811.2M | 792.29M | 1.04B | 1.17B | 1.37B | 1.5B | 1.4B | 1.01B | 1.04B |
Stock-Based Compensation | 475.78M | 382.2M | 2.96B | 2.25B | 1.54B | 2.43B | 3.22B | 2.73B | 0 |
Other Non-Cash Items | -145.31M | -93.82M | 498.34M | 525.23M | 1.35B | 533.8M | -839.62M | -428.54M | 2.44B |
Working Capital Changes | -6.86B | 3.08B | -1.76B | 2.99B | 32.41M | 5.09B | 1.82B | 1.93B | -6.52B |
Cash from Investing | -2.78B | 2.61B | -3.87B | -14.98B | -24.88B | -8.47B | -3.98B | -9.38B | 5.73B |
Acquisitions (Net) | 66.43M | -288.05M | -743.21M | 14.66M | -3.32M | -3.15B | -9.89M | 117.21M | 14.59M |
Purchase of Investments | -56.42B | -41.07B | -12.27B | -53.96B | -65.99B | -60.32B | -54.57B | -61.22B | -41.73B |
Sale of Investments | 55.46B | 46.31B | 11.14B | 39.77B | 39.24B | 55.78B | 52.12B | 54.87B | 47.41B |
Other Investing | -1.32B | -1.8B | -1.29B | 89.28M | 3.31B | 15.13M | -639.75M | -2.11B | 631.41M |
Cash from Financing | 9.58B | -1.28B | 23.03B | 25.41B | -1.07B | -1.15B | -6.96B | -5.79B | -9.53B |
Dividends Paid | -127.19M | 0 | 0 | -38.62M | -76.62M | -55.81M | -1.43B | -2.83B | -2.8B |
Common Dividends | -127.19M | 0 | 0 | -38.62M | -76.62M | -55.81M | -1.43B | -2.83B | -2.8B |
Debt Issuance (Net) | 1000K | -1000K | 1000K | -1000K | -1000K | 1000K | -1000K | -1000K | 1000K |
Share Repurchases | 0 | -306.18M | -347.22M | 0 | 0 | -1.32B | -5.15B | -5.1B | -6.4B |
Other Financing | 8.73B | -1.16B | 2.95B | -206.84M | 75.76M | 55.81M | -55.92M | 2.14B | -1.24B |
Net Change in Cash | 336.17M▲ 0% | 4.54B▲ 1251.7% | 19.17B▲ 321.9% | 17.61B▼ 8.2% | -22.81B▼ 229.5% | -1.14B▲ 95.0% | 263.2M▲ 123.1% | -5.56B▼ 2210.9% | -3.49B▲ 37.1% |
Exchange Rate Effect | -330K | 416K | -94.92M | -2.18B | -442.14M | 28.64M | 44.61M | 169.48M | 663.98M |
Cash at Beginning | 7.88B | 8.22B | 12.76B | 31.93B | 49.54B | 26.73B | 25.59B | 25.86B | 19.45B |
Cash at End | 8.22B | 12.76B | 31.93B | 49.54B | 26.73B | 25.59B | 25.86B | 20.3B | 15.95B |
Free Cash Flow | -7.03B▲ 0% | 2.67B▲ 138.0% | -590.38M▼ 122.1% | 8.47B▲ 1535.5% | 2.17B▼ 74.5% | 7.67B▲ 254.1% | 10.28B▲ 34.1% | 8.41B▼ 18.2% | -957.09M▼ 111.4% |
FCF Growth % | - | 138.03% | -122.08% | 1535.5% | -74.45% | 254.14% | 34.12% | -18.22% | -111.38% |
FCF / Revenue % | -27.57% | 9.33% | -1.28% | 12.02% | 2.68% | 12.64% | 13.22% | 9% | -1.01% |
BEKE Key Ratios
KE Holdings Inc. (BEKE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
FFO per Share | 0.21 | 0.27 | -1 | 3.4 | 0.72 | 0.1 | 6.05 | 4.31 | 3.51 |
FFO Payout Ratio | 53.72% | 0% | 0% | 0.98% | 9.05% | 47.85% | 19.57% | 55.75% | 68.92% |
NOI Margin | 18.69% | 23.98% | 24.49% | 23.92% | 19.59% | 22.71% | 27.92% | 24.55% | 21.37% |
Net Debt / EBITDA | 9.43x | - | - | -8.21x | -7.10x | -4.86x | -0.23x | 1.98x | 0.66x |
Debt / Assets | 17.99% | 15.33% | 19.4% | 7.66% | 7.49% | 11.15% | 14.95% | 17.01% | 15.87% |
Interest Coverage | -2.15x | -10.46x | -5.29x | - | 37.90x | 21.18x | 280.72x | 241.11x | 631.51x |
Book Value / Share | 10.88 | 12.49 | 27.58 | 57.55 | 56.68 | 58.04 | 59.97 | 60.59 | 57.52 |
Revenue Growth | - | 12.31% | 60.63% | 53.17% | 14.57% | -24.87% | 28.2% | 20.16% | 1.2% |
Related:BEKE Dividend History·BEKE Revenue History·BEKE Price History·BEKE P/E History·BEKE Financial Ratios·BEKE Institutional Holders
BEKE Frequently Asked Questions
KE Holdings Inc. (BEKE) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
KE Holdings Inc. (BEKE) reported $94.58B in revenue for fiscal year 2025. This represents a 271% increase from $25.51B in 2017.
KE Holdings Inc. (BEKE) grew revenue by 1.2% over the past year. Growth has been modest.
Yes, KE Holdings Inc. (BEKE) is profitable, generating $2.99B in net income for fiscal year 2025 (3.2% net margin).
Dividend & Returns
Yes, KE Holdings Inc. (BEKE) pays a dividend with a yield of 2.40%. This makes it attractive for income-focused investors.
KE Holdings Inc. (BEKE) has a return on equity (ROE) of 4.3%. This is below average, suggesting room for improvement.
Industry Metrics
KE Holdings Inc. (BEKE) generated Funds From Operations (FFO) of $4.07B in the trailing twelve months. FFO is the primary profitability metric for REITs.