KE Holdings Inc. (HKG:2423)
Hong Kong · Delayed Price · Currency is HKD 41.42
-0.80 (-1.89%)
At close: Mar 20, 2026
KE Holdings Income Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 94,580 | 93,457 | 77,777 | 60,669 | 80,752 | |
Revenue Growth (YoY) | 1.20% | 20.16% | 28.20% | -24.87% | 14.57% |
Cost of Revenue | 74,368 | 70,513 | 56,059 | 46,888 | 64,933 |
Gross Profit | 20,212 | 22,944 | 21,718 | 13,781 | 15,819 |
Selling, General & Admin | 15,404 | 16,744 | 14,891 | 11,920 | 13,234 |
Research & Development | 2,581 | 2,283 | 1,937 | 2,546 | 3,194 |
Operating Expenses | 17,985 | 19,028 | 16,828 | 14,466 | 16,428 |
Operating Income | 2,227 | 3,917 | 4,890 | -684.85 | -608.16 |
Interest Expense | - | -12.65 | -17.24 | -14.05 | -6.11 |
Interest & Investment Income | 807.51 | 1,289 | 1,291 | 769.09 | 385.38 |
Earnings From Equity Investments | 16.42 | 10.19 | 9.1 | 44.59 | 39.52 |
Currency Exchange Gain (Loss) | -59.75 | -34.67 | -93.96 | -127.36 | 20.99 |
Other Non Operating Income (Expenses) | 1,446 | 870.89 | 908.69 | 760.57 | 1,190 |
EBT Excluding Unusual Items | 4,437 | 6,039 | 6,989 | 747.99 | 1,022 |
Impairment of Goodwill | -116.33 | -98.2 | -93.42 | -141.8 | -732.4 |
Gain (Loss) on Sale of Investments | 356.28 | 982.66 | 989.48 | -308.3 | 865.83 |
Gain (Loss) on Sale of Assets | - | -0.03 | -0.63 | 0.65 | -0.47 |
Asset Writedown | - | -53.38 | - | -6.26 | -14.31 |
Pretax Income | 4,677 | 6,870 | 7,884 | 292.29 | 1,141 |
Income Tax Expense | 1,686 | 2,792 | 1,994 | 1,690 | 1,665 |
Earnings From Continuing Operations | 2,991 | 4,078 | 5,890 | -1,397 | -524.77 |
Minority Interest in Earnings | 2.96 | -13.28 | -6.38 | 11.21 | 0.64 |
Net Income | 2,994 | 4,065 | 5,883 | -1,386 | -524.13 |
Net Income to Common | 2,994 | 4,065 | 5,883 | -1,386 | -524.13 |
Net Income Growth | -26.35% | -30.91% | - | - | - |
Shares Outstanding (Basic) | 1,109 | 1,137 | 1,174 | 1,190 | 1,183 |
Shares Outstanding (Diluted) | 1,157 | 1,179 | 1,204 | 1,190 | 1,183 |
Shares Change (YoY) | -1.85% | -2.06% | 1.19% | 0.56% | 56.53% |
EPS (Basic) | 2.70 | 3.58 | 5.01 | -1.17 | -0.44 |
EPS (Diluted) | 2.58 | 3.45 | 4.89 | -1.17 | -0.45 |
EPS Growth | -25.22% | -29.45% | - | - | - |
Free Cash Flow | -376.17 | 8,410 | 10,540 | 7,726 | 2,165 |
Free Cash Flow Per Share | -0.33 | 7.13 | 8.76 | 6.49 | 1.83 |
Dividend Per Share | 1.931 | 2.628 | 2.489 | - | - |
Dividend Growth | -26.53% | 5.58% | - | - | - |
Gross Margin | 21.37% | 24.55% | 27.92% | 22.71% | 19.59% |
Operating Margin | 2.35% | 4.19% | 6.29% | -1.13% | -0.75% |
Profit Margin | 3.17% | 4.35% | 7.56% | -2.28% | -0.65% |
Free Cash Flow Margin | -0.40% | 9.00% | 13.55% | 12.73% | 2.68% |
EBITDA | 3,183 | 4,929 | 6,293 | 817.87 | 762.6 |
EBITDA Margin | 3.36% | 5.27% | 8.09% | 1.35% | 0.94% |
D&A For EBITDA | 955.69 | 1,012 | 1,402 | 1,503 | 1,371 |
EBIT | 2,227 | 3,917 | 4,890 | -684.85 | -608.16 |
EBIT Margin | 2.35% | 4.19% | 6.29% | -1.13% | -0.75% |
Effective Tax Rate | 36.05% | 40.64% | 25.30% | 578.05% | 146.00% |
Revenue as Reported | 94,580 | 93,457 | 77,777 | 60,669 | 80,752 |
Advertising Expenses | - | 2,104 | 2,031 | 1,340 | 2,038 |
Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.