Inferra AI / Company / BEKE
KE Holdings
BEKE · Real Estate
Last earnings Aug 24, 2026
Key results
Net revenuequarter
US$3.6 billion
· Net revenues were RMB24.5 billion (US$3.6 billion), a decrease of 5.7% year-over-year.
SEC original ↗KE Holdings — Earnings release (6-K exhibit)EX-99Aug 24, 2026
Net incomequarter
US$387 million
· Net income was RMB2,624 million (US$387 million), an increase of 100.8% year-over-year.
SEC original ↗KE Holdings — Earnings release (6-K exhibit)EX-99Aug 24, 2026
Adjusted net incomequarter
US$469 million
Adjusted net income 2 was RMB3,185 million (US$469 million), an increase of 74.9% year-over-year.
SEC original ↗KE Holdings — Earnings release (6-K exhibit)EX-99Aug 24, 2026
Gross marginquarter
6.7 percent
The contribution margins of all our major business lines increased both year-over-year and quarter-over-quarter, driving our gross margin up by 6.7 percentage points year-over-year to 28.6%.
SEC original ↗KE Holdings — Earnings release (6-K exhibit)EX-99Aug 24, 2026
Adjusted operating margin and adjusted net income margin reached 14.6% and 13.0%, respectively, both marking their highest levels in three years.
SEC original ↗KE Holdings — Earnings release (6-K exhibit)EX-99Aug 24, 2026
Net revenues decreased by 5.7% to RMB24.5 billion (US$3.6 billion) in the second quarter of 2026 from RMB26.0 billion in the same period of 2025, primarily attributable to decreased net revenues from home renovation and furnishing and home rental services
SEC original ↗KE Holdings — Earnings release (6-K exhibit)EX-99Aug 24, 2026
· Net revenues from existing home transaction services increased by 4.5% to RMB7.0 billion (US$1.0 billion) in the second quarter of 2026 from RMB6.7 billion in the same period of 2025, primarily due to an 8.0% increase in GTV of existing home transactions to RMB629.9 billion (US$92.8 billion) in the second quarter of 2026 from RMB583.5 billion in the same period of 2025.
SEC original ↗KE Holdings — Earnings release (6-K exhibit)EX-99Aug 24, 2026
Revenuequarter
1.4%
revenue decreased by 1.4% to RMB5.3 billion (US$0.8 billion) in the second quarter of 2026 from RMB5.4 billion in the same period of 2025
SEC original ↗KE Holdings — Earnings release (6-K exhibit)EX-99Aug 24, 2026
AI analysis
Q2 2026 · reported Aug 24, 2026
Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held
Headline figures
| Metric | Q2 2026 | Prior qtr | Year ago |
|---|---|---|---|
| Net revenue | US$3.6 billion | — | — |
| Net income | US$387 million | — | — |
| Adjusted net income | US$469 million | — | — |
| Gross margin | 6.7 percent | — | — |
| Revenue | 1.4% | — | — |
Guidance · company-stated
No guidance located in the held release
Margin
Capital allocation
In the second quarter, the Company repurchased approximately US$250 million of its shares and conducted share repurchases in Hong Kong for the first time.
Share Repurchase Program As previously disclosed, the Company established a share repurchase program in August 2022 and upsized and extended it in August 2023, August 2024 and August 2025, under which the Company may repurchase up to US$5 billion worth of its Class A ordinary shares and/or ADSs until August 31, 2028, subject to obtaining a general unconditional mandate for the repurchase from the shareholders of the Company at each of the next two annual general meetings to be held in the forthcoming years to continue its share repurchase after the expiry of the existing share repurchase mandate granted by the annual general meeting held on June 12, 2026.
Company-stated claims
Historical · increased by 100.8% · income
“Net Income Net income increased by 100.8% to RMB2,624 million (US$387 million) in the second quarter of 2026 from RMB1,307 million in the same period of 2025.”
EX-99 · Aug 24, 2026Event summary
Announces Second Quarter 2026 Unaudited Financial Results
Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
In the second quarter, the Company repurchased approximately US$250 million of its shares and conducted share repurchases in Hong Kong for the first time.
SEC original ↗KE Holdings — Earnings release (6-K exhibit)EX-99Aug 24, 2026
Share Repurchase Program As previously disclosed, the Company established a share repurchase program in August 2022 and upsized and extended it in August 2023, August 2024 and August 2025, under which the Company may repurchase up to US$5 billion worth of its Class A ordinary shares and/or ADSs until August 31, 2028, subject to obtaining a general unconditional mandate for the repurchase from the shareholders of the Company at each of the next two annual general meetings to be held in the forthcoming years to continue its share repurchase after the expiry of the existing share repurchase mandate granted by the annual general meeting held on June 12, 2026.
SEC original ↗KE Holdings — Earnings release (6-K exhibit)EX-99Aug 24, 2026
As of June 30, 2026, the Company had purchased, in aggregate, approximately 185.4 million ADSs (representing approximately 556.3 million Class A ordinary shares) on the New York Stock Exchange for a consideration of approximately US$2,967.7 million, as well as approximately 4.9 million Class A ordinary shares on the Hong Kong Stock Exchange for a consideration of approximately HK$201.5 million under this share repurchase program since its launch.
SEC original ↗KE Holdings — Earnings release (6-K exhibit)EX-99Aug 24, 2026
shareholders' equity 66,441,288 65,516,877 9,655,992 Non-controlling interests 88,546 59,511 8,771 TOTAL SHAREHOLDERS' EQUITY 66,529,834 65,576,388 9,664,763 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 116,668,178 112,377,199 16,562,350 (1) Excluding (i) the Class A ordinary shares issued to the depositary bank for the bulk issuance of ADSs reserved for future issuance upon the exercise or vesting of awards granted under our share incentive plans, and (ii) the Class A ordinary shares repurchased but not cancelled, comprising both the ADSs repurchased on the NYSE and the Class A ordinary shares repurchased on the HKEX.
SEC original ↗KE Holdings — Earnings release (6-K exhibit)EX-99Aug 24, 2026
In the first half of 2026, we deployed approximately US$450 million under the Share Repurchase Program (as defined below) to repurchase the Company’s shares on the New York Stock Exchange and the Hong Kong Stock Exchange.
SEC original ↗KE Holdings — Earnings release (6-K exhibit)EX-99Aug 24, 2026
From the launch of the Share Repurchase Program in September 2022 through the end of June 2026, we had repurchased an aggregate of approximately US$2.99 billion of the Company’s shares, representing approximately 14.8% of the Company’s total issued shares prior to the launch of the Share Repurchase Program.
SEC original ↗KE Holdings — Earnings release (6-K exhibit)EX-99Aug 24, 2026
Strategy & priorities
Building on this foundation, we continued to enhance operating efficiency with a focus on customer value.
SEC original ↗KE Holdings — Earnings release (6-K exhibit)EX-99Aug 24, 2026
Income from Operations Total operating expenses decreased by 14.1% to RMB4.0 billion (US$0.6 billion) in the second quarter of 2026 from RMB4.6 billion in the same period of 2025, primarily due to the Company’s previous cost optimization initiatives.
SEC original ↗KE Holdings — Earnings release (6-K exhibit)EX-99Aug 24, 2026
Among other things, the quotations from management in this press release, as well as Beike’s strategic and operational plans, contain forward-looking statements.
SEC original ↗KE Holdings — Earnings release (6-K exhibit)EX-99Aug 24, 2026
2 BUSINESS REVIEW AND OUTLOOK Business Review for the Reporting Period In the first half of 2026, we enhanced operational efficiency with a focus on customer value and optimized resource allocation in response to market conditions, gradually establishing a healthier operating model.
SEC original ↗KE Holdings — Earnings release (6-K exhibit)EX-99Aug 24, 2026
4 Home renovation and furnishing In the first half of 2026, we continued to optimize the operating structure of the home renovation and furnishing business by proactively adjusting its operating model, reducing inefficient investments, focusing on core markets, and continuously enhancing the demand-matching capabilities and delivery reliability of our home renovation solutions.
SEC original ↗KE Holdings — Earnings release (6-K exhibit)EX-99Aug 24, 2026
Risks & headwinds
Starting with consumer needs and practical challenges encountered on the front lines, we are further enhancing collaboration among professional service providers, our platform and AI: professional service providers exercise judgment and take accountability; our platform facilitates collaboration and safeguards service delivery; and AI enables professional expertise to be codified into verifiable and reusable organizational capabilities.
SEC original ↗KE Holdings — Earnings release (6-K exhibit)EX-99Aug 24, 2026
Forward-looking statements involve inherent risks and uncertainties.
SEC original ↗KE Holdings — Earnings release (6-K exhibit)EX-99Aug 24, 2026
Over the long term, we will continue to start from consumers’ genuine residential needs and decision-making challenges, helping professional service providers better understand customers, offer professional judgment and assume responsibility for service delivery.
SEC original ↗KE Holdings — Earnings release (6-K exhibit)EX-99Aug 24, 2026
Forwardlooking statements involve inherent risks and uncertainties.
SEC original ↗KE Holdings — Earnings release (6-K exhibit)EX-99Aug 24, 2026
Earnings deck slides
0 decks with slide viewKE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
KE Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
45 documents- Q3 2026
- 6-KBEKE
- 6-KBEKE
- 6-KBEKE
- 6-KBEKE
- 6-KBEKE
- 6-KBEKE
Oct 2, 2026
- Q2 2026
- 6-KBEKE
Sep 28, 2026
- 6-KBEKE
Sep 21, 2026
- 6-KBEKE
Sep 14, 2026
- 6-KBEKE
Sep 8, 2026
- 6-KBEKE
Sep 8, 2026
- 6-KBEKE
Sep 3, 2026
- EX-99BEKE
Sep 3, 2026
- 6-KBEKE
Aug 31, 2026
- 6-KBEKE
Aug 24, 2026
- 6-KBEKE
Aug 17, 2026
- EX-99BEKE
Aug 17, 2026
- 6-KBEKE
Aug 10, 2026
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Aug 6, 2026
- 6-KBEKE
Aug 3, 2026
- 6-KBEKE
Jul 27, 2026
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Jul 20, 2026
- 6-KBEKE
Jul 13, 2026
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Jul 8, 2026
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Jul 6, 2026
- 6-KBEKE
Jul 2, 2026
- EX-99BEKE
Jul 2, 2026
- Q1 2026
- 6-KBEKE
Jun 29, 2026
- EX-99BEKE
Jun 29, 2026
- EX-99BEKE
Jun 29, 2026
- 6-KBEKE
Jun 22, 2026
- EX-99BEKE
Jun 22, 2026
- EX-99BEKE
Jun 22, 2026
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Jun 15, 2026
- 6-KBEKE
Jun 15, 2026
- EX-99BEKE
Jun 15, 2026
- EX-99BEKE
Jun 15, 2026
- EX-99BEKE
Jun 15, 2026
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Jun 15, 2026
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Jun 15, 2026
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Jun 15, 2026
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Jun 15, 2026
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Jun 8, 2026
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Jun 5, 2026
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Jun 1, 2026
Earnings releases
43 documents- Q3 2026
- EX-99BEKE
Oct 26, 2026
- EX-99BEKE
Oct 26, 2026
- EX-99BEKE
Oct 26, 2026
- EX-99BEKE
Oct 26, 2026
- EX-99BEKE
Oct 26, 2026
- EX-99BEKE
Oct 20, 2026
- EX-99BEKE
Oct 20, 2026
- EX-99BEKE
Oct 20, 2026
- EX-99BEKE
Oct 20, 2026
- EX-99BEKE
Oct 20, 2026
- EX-99BEKE
Oct 13, 2026
- EX-99BEKE
Oct 13, 2026
- EX-99BEKE
Oct 13, 2026
- EX-99BEKE
Oct 13, 2026
- EX-99BEKE
Oct 13, 2026
- EX-99BEKE
Oct 8, 2026
- EX-99BEKE
Oct 5, 2026
- EX-99BEKE
Oct 5, 2026
- EX-99BEKE
Oct 5, 2026
- EX-99BEKE
Oct 5, 2026
- EX-99BEKE
Oct 5, 2026
- EX-99BEKE
Oct 2, 2026
- Q2 2026
- EX-99BEKE
Sep 28, 2026
- EX-99BEKE
Sep 28, 2026
- EX-99BEKE
Sep 28, 2026
- EX-99BEKE
Sep 28, 2026
- EX-99BEKE
Sep 28, 2026
- EX-99BEKE
Sep 21, 2026
- EX-99BEKE
Sep 21, 2026
- EX-99BEKE
Sep 21, 2026
- EX-99BEKE
Sep 21, 2026
- EX-99BEKE
Sep 14, 2026
- EX-99BEKE
Sep 14, 2026
- EX-99BEKE
Sep 14, 2026
- EX-99BEKE
Sep 8, 2026
- EX-99BEKE
Sep 8, 2026
- EX-99BEKE
Sep 8, 2026
- EX-99BEKE
Sep 8, 2026
- EX-99BEKE
Sep 8, 2026
- EX-99BEKE
Sep 8, 2026
- EX-99BEKE
Sep 8, 2026
- EX-99BEKE
Aug 24, 2026
- EX-99BEKE
Aug 24, 2026
Presentations
55 documents- Q2 2026
- BEKEDeck
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- Q1 2026
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Transcripts
0 documentsNo transcripts for KE Holdings are held in this edition of the library.
See also the earnings calendar for every tracked company’s next earnings date.