KE Holdings Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Revenue	87,462	94,580	93,458	77,777	60,669	80,752
Revenue Growth (YoY)	12.45%	1.20%	20.16%	28.20%	-24.87%	14.57%
Cost of Revenue	68,389	74,368	70,513	56,059	46,888	64,933
Gross Profit	19,072	20,212	22,944	21,718	13,781	15,819
Selling, General & Admin	14,220	15,404	16,744	14,891	11,920	13,234
Research & Development	2,440	2,581	2,283	1,937	2,546	3,194
Other Operating Expenses	88.14	116.33	151.58	93.42	148.06	746.71
Operating Income	2,324	2,111	3,765	4,797	-832.91	-1,355
Interest Income	-6.95	16.42	10.19	9.1	44.59	39.52
Other Non-Operating Income (Expense)	2,474	2,550	3,095	3,078	1,081	2,456
Total Non-Operating Income (Expense)	2,467	2,566	3,105	3,087	1,125	2,496
Pretax Income	4,791	4,677	6,870	7,884	292.29	1,141
Provision for Income Taxes	1,851	1,686	2,792	1,994	1,690	1,665
Net Income	2,948	2,994	4,065	5,883	-1,386	-524.13
Minority Interest in Earnings	-8.95	-2.96	13.28	6.38	-11.21	-0.64
Net Income to Common	2,948	2,994	4,065	5,883	-1,386	-524.13
Net Income Growth	-49.89%	-26.35%	-30.91%	-	-	-
Shares Outstanding (Basic)	1,103	1,109	1,137	1,174	1,239	1,191
Shares Outstanding (Diluted)	1,149	1,157	1,179	1,204	1,239	1,191
Shares Change (YoY)	-4.54%	-1.85%	-2.05%	-2.86%	4.04%	0.60%
EPS (Basic)	2.67	2.70	3.57	5.01	-1.12	-0.44
EPS (Diluted)	2.58	2.58	3.45	4.89	-1.12	-0.44
EPS Growth	-47.24%	-25.22%	-29.45%	-	-	-
Shares Outstanding	1,177	1,124	1,161	1,198	1,239	1,191
Free Cash Flow	-	-983.9	8,410	10,540	7,726	2,165
Free Cash Flow Growth	-	-	-20.21%	36.43%	256.83%	-74.45%
Free Cash Flow Per Share	-	-0.85	7.13	8.76	6.23	1.82
Dividends Per Share	-	1.931	2.628	2.489	-	-
Dividend Growth	-	-26.53%	5.58%	-	-	-
Gross Margin	21.81%	21.37%	24.55%	27.92%	22.71%	19.59%
Operating Margin	2.66%	2.23%	4.03%	6.17%	-1.37%	-1.68%
Profit Margin	3.36%	3.16%	4.36%	7.57%	-2.30%	-0.65%
FCF Margin	-	-1.04%	9.00%	13.55%	12.73%	2.68%
EBITDA	2,324	3,183	4,777	6,199	669.82	15.9
EBITDA Margin	2.66%	3.37%	5.11%	7.97%	1.10%	0.02%
EBIT	2,324	2,111	3,765	4,797	-832.91	-1,355
EBIT Margin	2.66%	2.23%	4.03%	6.17%	-1.37%	-1.68%
Effective Tax Rate	38.64%	36.05%	40.64%	25.30%	578.05%	146.00%

Updated May 20, 2026. Data Source: Fiscal.ai. standard template. Financial Sources.

SEC Filings: 10-K · 10-Q