KE Holdings Inc. (BEKE) Revenue History
Annual and quarterly revenue from 2017 to present
BEKE Revenue Over Time (2017–2025)
BEKE Revenue Growth History
7 of 8 years with positive growth- FY2017 revenue growth
- N/A
- FY2018 revenue growth
- +12.3%
- FY2019 revenue growth
- +60.6%
- FY2020 revenue growth
- +53.2%
- FY2021 revenue growth
- +14.6%
- FY2022 revenue growth
- -24.9%
- FY2023 revenue growth
- +28.2%
- FY2024 revenue growth
- +20.2%
- FY2025 revenue growth
- +1.2%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $22.19B | -28.7% |
| Q3 2025 | $23.05B | +2.1% |
| Q2 2025 | $26.01B | +11.3% |
| Q1 2025 | $23.33B | +42.4% |
| Q4 2024 | $31.13B | +54.1% |
| Q3 2024 | $22.58B | +26.8% |
| Q2 2024 | $23.37B | +19.9% |
| Q1 2024 | $16.38B | -19.2% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2022)
BEKE's revenue distribution by segment and geography for fiscal year 2022
By Product/Segment
BEKE Revenue Analysis (2017–2025)
Current Revenue & Growth
As of June 21, 2026, KE Holdings Inc. (BEKE) generated trailing twelve-month (TTM) revenue of $94.58 billion, reflecting significant decline in growth of -28.7% year-over-year. The most recent quarter (Q4 2025) recorded $22.19 billion in revenue, down 3.7% sequentially.
Historical Growth Trajectory
BEKE's 5-year compound annual growth rate (CAGR) stands at +6.1%, indicating steady revenue expansion. The 3-year CAGR of +16.0% exceeds the 5-year average, indicating an acceleration in the most recent period. KE Holdings Inc.'s highest annual revenue of $94.58 billion was recorded in 2025, an all-time high.
Revenue by Segment
BEKE's revenue is primarily driven by New home transaction services (52%), Existing home transaction services (43%), and Emerging and other services (5%). With over half of revenue concentrated in New home transaction services, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Real Estate sector peers — including COMP (+40.1% YoY), EXPI (+5.3% YoY), and HOUS (+5.3% YoY) — BEKE has underperformed the peer group in revenue growth. Compare BEKE vs COMP →
BEKE Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| BEKECurrent | $94.6B | -28.7% | +6.1% | 3.0% | |
 COMP | $7.0B | +40.1% | +13.3% | -0.4% | |
 EXPI | $4.8B | +5.3% | +21.6% | -0.4% | |
 HOUS | $5.7B | +5.3% | -0.6% | 1.1% | |
 RMR | $700M | -20.4% | +3.5% | 6.0% | |
 ZG | $2.6B | +16.8% | +9.7% | -1.2% |
BEKE Historical Revenue Data (2017–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $94.58B | +1.2% | $20.21B | 21.4% | $2.83B | 3.0% |
| 2024 | $93.46B | +20.2% | $22.94B | 24.6% | $4.65B | 5.0% |
| 2023 | $77.78B | +28.2% | $21.72B | 27.9% | $5.65B | 7.3% |
| 2022 | $60.67B | -24.9% | $13.78B | 22.7% | $-16,477,000 | -0.0% |
| 2021 | $80.75B | +14.6% | $15.82B | 19.6% | $451.7M | 0.6% |
| 2020 | $70.48B | +53.2% | $16.86B | 23.9% | $2.84B | 4.0% |
| 2019 | $46.01B | +60.6% | $11.27B | 24.5% | $-1,785,540,000 | -3.9% |
| 2018 | $28.65B | +12.3% | $6.87B | 24.0% | $-1,218,005,000 | -4.3% |
| 2017 | $25.51B | - | $4.77B | 18.7% | $-763,891,000 | -3.0% |
Full Stock Analysis
Deep dive into BEKE consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
9+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
BEKE — Frequently Asked Questions
Quick answers to the most common questions about buying BEKE stock.
Is BEKE's revenue growth accelerating or slowing?
BEKE revenue is declining -28.7% year-over-year. TTM revenue fell to $94.6B, contrasting with the 5-year CAGR of +6.1%. The reversal reflects either macro headwinds or company-specific challenges.
What is BEKE's revenue history from 2017 to 2026?
KE Holdings Inc. (BEKE) revenue history spans 2017 to 2026. TTM revenue as of 2026 is $94.6B, growing at -28.7% YoY. The 5-year CAGR is +6.1%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is BEKE's long-term revenue growth rate (CAGR)?
KE Holdings Inc.'s 5-year revenue CAGR of +6.1% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -28.7% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for BEKE.
Why does BEKE's quarterly revenue fluctuate?
BEKE quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. KE Holdings Inc.'s revenue data from 2017 to 2026 shows full historical quarterly detail on this page.
How is BEKE's revenue distributed by segment?
BEKE reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does BEKE's revenue compare to industry peers?
KE Holdings Inc. (BEKE) with TTM revenue of $94.6B and -28.7% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.