KE Holdings Inc. (BEKE)

KE Holdings Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Revenue	94,580	93,458	77,777
Revenue Growth (YoY)	1.20%	20.16%	-
Cost of Revenue	74,368	70,513	56,059
Gross Profit	20,212	22,944	21,718
Selling, General & Admin	15,404	16,744	14,891
Research & Development	2,581	2,283	1,937
Other Operating Expenses	116.33	151.58	93.42
Operating Income	2,111	3,765	4,797
Interest Income	807.51	1,260	1,263
Other Non-Operating Income (Expense)	1,759	1,845	1,824
Total Non-Operating Income (Expense)	2,566	3,105	3,087
Pretax Income	4,677	6,870	7,884
Provision for Income Taxes	1,686	2,792	1,994
Net Income	2,994	4,065	5,883
Minority Interest in Earnings	-2.96	13.28	6.38
Net Income to Common	2,994	4,065	5,883
Net Income Growth	-26.35%	-30.91%	-
Shares Outstanding (Basic)	1,109	1,137	1,174
Shares Outstanding (Diluted)	1,157	1,179	1,204
Shares Change (YoY)	-1.85%	-2.05%	-
EPS (Basic)	2.70	3.57	5.01
EPS (Diluted)	2.58	3.45	4.89
EPS Growth	-25.22%	-29.45%	-
Shares Outstanding	1,124	1,161	1,198
Free Cash Flow	-983.9	8,410	10,540
Free Cash Flow Growth	-	-20.21%	-
Free Cash Flow Per Share	-0.85	7.13	8.76
Dividends Per Share	1.931	2.628	2.489
Dividend Growth	-26.53%	5.58%	-
Gross Margin	21.37%	24.55%	27.92%
Operating Margin	2.23%	4.03%	6.17%
Profit Margin	3.16%	4.36%	7.57%
FCF Margin	-1.04%	9.00%	13.55%
EBITDA	3,183	4,777	6,199
EBITDA Margin	3.37%	5.11%	7.97%
EBIT	2,111	3,765	4,797
EBIT Margin	2.23%	4.03%	6.17%
Effective Tax Rate	36.05%	40.64%	25.30%

Updated Mar 16, 2026. Data Source: Fiscal.ai. standard template. Financial Sources.

SEC Filings: 10-K · 10-Q