KE Holdings Inc. (BEKE) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|
| Sales/Revenue | 22.19B | 23.05B | 26.01B | 23.33B | 31.13B | 22.58B | 23.37B | 16.38B | 20.2B | 17.81B | 19.48B | 20.28B | 16.75B | 17.6B | 13.78B | 12.55B | 17.79B | 18.1B | 24.17B | 20.7B |
| Revenue Growth % | -28.71% | 2.07% | 11.3% | 42.44% | 54.05% | 26.8% | 19.95% | -19.24% | 20.64% | 1.22% | 41.42% | 61.6% | -5.84% | -2.76% | -43.01% | -39.37% | -21.55% | -11.94% | 20.02% | 190.7% |
| Cost of Goods Sold | 17.43B | 18.12B | 20.31B | 18.51B | 23.95B | 17.45B | 16.85B | 12.26B | 15.06B | 12.93B | 14.14B | 13.93B | 12.65B | 12.84B | 11.07B | 10.33B | 14.87B | 15.34B | 18.84B | 15.88B |
| COGS % of Revenue | 78.56% | 78.59% | 78.09% | 79.33% | 76.96% | 77.26% | 72.11% | 74.83% | 74.54% | 72.6% | 72.58% | 68.69% | 75.56% | 72.95% | 80.34% | 82.31% | 83.61% | 84.78% | 77.94% | 76.73% |
| Gross Profit | 4.76B | 4.94B | 5.7B | 4.82B | 7.17B | 5.13B | 6.52B | 4.12B | 5.14B | 4.88B | 5.34B | 6.35B | 4.09B | 4.76B | 2.71B | 2.22B | 2.92B | 2.75B | 5.33B | 4.82B |
| Gross Margin % | 21.44% | 21.41% | 21.91% | 20.67% | 23.04% | 22.74% | 27.89% | 25.17% | 25.46% | 27.4% | 27.42% | 31.31% | 24.44% | 27.05% | 19.66% | 17.69% | 16.39% | 15.22% | 22.06% | 23.27% |
| Gross Profit Growth % | -33.67% | -3.89% | -12.54% | 16.95% | 39.39% | 5.2% | 21.97% | -35.08% | 25.68% | 2.55% | 97.28% | 186.06% | 40.4% | 72.79% | -49.21% | -53.91% | -46.25% | -37.16% | -18.59% | 860.37% |
| Operating Expenses | 4.3B | 4.24B | 4.29B | 4.23B | 5.31B | 4.41B | 4.5B | 4.11B | 5.32B | 3.97B | 4.26B | 3.37B | 3.71B | 3.54B | 4.23B | 3.14B | 4.1B | 5.05B | 4.22B | 3.8B |
| OpEx % of Revenue | 19.37% | 18.4% | 16.48% | 18.13% | 17.07% | 19.52% | 19.26% | 25.1% | 26.32% | 22.29% | 21.88% | 16.63% | 22.13% | 20.14% | 30.68% | 25.01% | 23.05% | 27.93% | 17.45% | 18.38% |
| Selling, General & Admin | 4.18B | 3.59B | 3.98B | 3.65B | 5.31B | 3.83B | 3.96B | 3.64B | 4.73B | 3.49B | 3.75B | 2.92B | 3.13B | 3.03B | 3.37B | 2.39B | 3.01B | 3.61B | 3.44B | 3.17B |
| SG&A % of Revenue | 18.86% | 15.59% | 15.3% | 15.63% | 17.05% | 16.98% | 16.95% | 22.24% | 23.4% | 19.61% | 19.27% | 14.38% | 18.66% | 17.25% | 24.47% | 19.04% | 16.93% | 19.97% | 14.24% | 15.29% |
| Research & Development | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | 457.41M | 692.49M | 1.41B | 590.57M | 1.86B | 726.96M | 2.02B | 11.85M | -173.12M | 911.26M | 1.08B | 2.98B | 387.39M | 1.22B | -1.52B | -917.97M | -1.18B | -2.3B | 1.12B | 1.01B |
| Operating Margin % | 2.06% | 3% | 5.44% | 2.53% | 5.97% | 3.22% | 8.62% | 0.07% | -0.86% | 5.12% | 5.55% | 14.69% | 2.31% | 6.91% | -11.02% | -7.32% | -6.66% | -12.71% | 4.62% | 4.9% |
| Operating Income Growth % | -75.37% | -4.74% | -29.84% | 4881.99% | 1172.92% | -20.22% | 86.42% | -99.6% | -144.69% | -25.04% | 171.21% | 424.41% | 132.72% | 152.86% | -236.05% | -190.6% | -193.47% | -2738.73% | -66.06% | 162.11% |
| EBITDA | 813.02M | 977.88M | 1.63B | 803.99M | 2.13B | 929.46M | 2.22B | 335.53M | 181.66M | 1.26B | 1.43B | 3.32B | 777.01M | 1.59B | -1.13B | -563.28M | -782.11M | -1.95B | 1.45B | 1.3B |
| EBITDA Margin % | 3.66% | 4.24% | 6.27% | 3.45% | 6.86% | 4.12% | 9.52% | 2.05% | 0.9% | 7.1% | 7.35% | 16.38% | 4.64% | 9.03% | -8.22% | -4.49% | -4.4% | -10.8% | 6% | 6.29% |
| EBITDA Growth % | -61.9% | 5.21% | -26.66% | 139.62% | 1074.7% | -26.46% | 55.25% | -89.9% | -76.62% | -20.47% | 226.47% | 689.52% | 199.35% | 181.32% | -178.17% | -143.24% | -149.1% | -977.3% | -59.28% | 195.83% |
| D&A (Non-Cash Add-back) | 355.61M | 285.38M | 217.96M | 213.43M | 276.54M | 202.5M | 209.7M | 323.68M | 354.77M | 352.68M | 352.09M | 342.64M | 389.62M | 373.54M | 384.86M | 354.69M | 401.96M | 345.44M | 333.81M | 289.55M |
| EBIT | 2.31B | 1.3B | 2.52B | 1.38B | 4.09B | 1.67B | 2.05B | 838.95M | 2.89B | 916.46M | 1.11B | 3.88B | 1.45B | 1.16B | -1.44B | -431.69M | 926.31M | -1.9B | 1.88B | 1.01B |
| Net Interest Income | 165.36M | 176.64M | 223.94M | 268.57M | 283.42M | 310.49M | 356.58M | 309.68M | 311.96M | 349.14M | 338.74M | 263.49M | 255.31M | 214.72M | 160.1M | 113.36M | 113.09M | 90.72M | 68.91M | 81.86M |
| Interest Income | 165.36M | 176.64M | 223.94M | 268.57M | 311.97M | 310.49M | 356.58M | 309.68M | 340.12M | 349.14M | 338.74M | 263.49M | 255.31M | 214.72M | 160.1M | 113.36M | 113.09M | 90.72M | 68.91M | 81.86M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | 279.11M | 1.3B | 1.72B | 1.38B | 1.61B | 1.67B | 2.75B | 838.95M | 761.7M | 1.67B | 1.57B | 3.88B | 1B | 1.16B | -1.43B | -431.69M | -663.79M | -1.56B | 1.88B | 1.48B |
| Pretax Margin % | 1.26% | 5.63% | 6.61% | 5.93% | 5.17% | 7.4% | 11.76% | 5.12% | 3.77% | 9.38% | 8.07% | 19.12% | 5.99% | 6.57% | -10.41% | -3.44% | -3.73% | -8.63% | 7.8% | 7.16% |
| Income Tax | 196.81M | 550.34M | 411.49M | 527.46M | 1.03B | 503.13M | 848.96M | 406.83M | 91.63M | 501.24M | 273.37M | 1.13B | 630.78M | 439.54M | 431.31M | 187.94M | 269.47M | 203.51M | 768.84M | 423.67M |
| Effective Tax Rate % | 70.51% | 42.43% | 23.95% | 38.14% | 64.15% | 30.1% | 30.88% | 48.49% | 12.03% | 29.99% | 17.38% | 29.09% | 62.91% | 38.03% | -30.07% | -43.54% | -40.6% | -13.03% | 40.8% | 28.58% |
| Net Income | 87.85M | 749.28M | 1.3B | 855.77M | 569.99M | 1.17B | 1.89B | 431.77M | 663.68M | 1.16B | 1.31B | 2.75B | 383.12M | 716.15M | -1.87B | -617.98M | -929.68M | -1.77B | 1.11B | 1.06B |
| Net Margin % | 0.4% | 3.25% | 5% | 3.67% | 1.83% | 5.19% | 8.1% | 2.64% | 3.28% | 6.5% | 6.72% | 13.55% | 2.29% | 4.07% | -13.56% | -4.92% | -5.23% | -9.76% | 4.6% | 5.12% |
| Net Income Growth % | -84.59% | -36.02% | -31.24% | 98.2% | -14.12% | 1.13% | 44.57% | -84.28% | 73.23% | 61.7% | 170.05% | 544.49% | 141.21% | 140.55% | -268.03% | -158.37% | -184.9% | -2464.05% | -60.8% | 186.17% |
| Net Income (Continuing) | 82.3M | 746.75M | 1.31B | 855.32M | 577.25M | 1.17B | 1.9B | 432.12M | 670.06M | 1.17B | 1.3B | 2.75B | 371.91M | 716.15M | -1.87B | -619.63M | -933.26M | -1.77B | 1.12B | 1.06B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 88.6M | 98.51M | 125.18M | 119.61M | 124.18M | 119.09M | 133.87M | 131.2M | 101.28M | 107.83M | 82.49M | 142.74M | 134.08M | 135.3M | 120.84M | 114.52M | 81.52M | 53.15M | 54.1M | 27.25M |
| EPS (Diluted) | 0.08 | 0.66 | 1.11 | 0.73 | 0.49 | 0.98 | 1.62 | 0.36 | 0.57 | 0.96 | 1.08 | 2.25 | 0.30 | 0.60 | -1.56 | -0.51 | -0.78 | -1.50 | 0.93 | 0.87 |
| EPS Growth % | -84.45% | -32.65% | -31.48% | 102.78% | -14.04% | 2.08% | 50% | -84% | 90% | 60% | 169.23% | 541.18% | 138.46% | 140% | -267.74% | -158.62% | -184.78% | -2447.42% | -62.35% | 179.82% |
| EPS (Basic) | 0.08 | 0.69 | 1.14 | 0.76 | 0.52 | 1.02 | 1.68 | 0.39 | 0.57 | 0.99 | 1.11 | 2.31 | 0.33 | 0.60 | -1.56 | -0.51 | -0.78 | -1.50 | 0.96 | 0.90 |
| Diluted Shares Outstanding | 1.14B | 1.15B | 1.17B | 1.17B | 1.18B | 1.18B | 1.18B | 1.18B | 1.19B | 1.19B | 1.21B | 1.22B | 1.2B | 1.21B | 1.19B | 1.19B | 1.19B | 1.18B | 1.2B | 1.2B |
| Basic Shares Outstanding | 1.09B | 1.1B | 1.17B | 1.12B | 1.15B | 1.13B | 1.14B | 1.15B | 1.15B | 1.16B | 1.19B | 1.18B | 1.18B | 1.19B | 1.19B | 1.19B | 1.19B | 1.18B | 1.2B | 1.22B |
| Dividend Payout Ratio | - | - | 221.44% | - | 496.62% | - | 149.61% | - | 214.82% | - | - | - | 14.57% | - | - | - | - | - | - | - |