KE Holdings Inc. (BEKE)
The company now
KE Holdings, known as Beike, reported second-quarter 2026 net revenues of RMB24.5 billion on 21 August, down 5.7 percent from a year earlier 1. Net income doubled to RMB2,624 million, up 100.8 percent 1.
Profit rose because costs fell faster than sales 1. Gross margin, the share of revenue left after direct costs, rose to 28.6 percent from 21.9 percent 1. Operating expenses fell 14.1 percent 1.
Revenue fell because home renovation revenue dropped 30.1 percent and home rental revenue fell 14.8 percent 1. The company said rental revenue is now booked as net service fees under a new Carefree Rent product 1.
Transaction value, the total value of deals the platform handled, grew 6.3 percent to RMB933.8 billion 1. Agents numbered 540,634, down 3.1 percent, and mobile users averaged 45.7 million against 48.7 million a year earlier 1.
As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.
Newer filings are on file since this was written; an update is queued.