KE Holdings revenue and financials
$43.88Change from previous close: +2.48%Absolute change: +$1.06
In the fiscal year ended December 2025, KE Holdings reported revenue of ¥94.58B (+1.20% year over year). Net income was ¥2.99B, a net margin of 3.2%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +1.20%
- 2025 vs 2024
- Net income growth
- −26.35%
- 2025 vs 2024
- Net margin
- 3.2%
- 2024: 4.3%
Financial data
Amounts in millions of CNY; per-share values in CNY; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total revenue | 94,580 | 93,457 | 77,777 | 60,669 | — |
| Cost of revenue | 74,368 | 70,513 | 56,059 | 46,888 | — |
| Gross profit | 20,212 | 22,944 | 21,718 | 13,781 | — |
| Selling, general and administrative | 15,404 | 16,744 | 14,891 | 11,920 | — |
| Research and development | 2,581 | 2,283 | 1,937 | 2,546 | — |
| Operating income | 2,828 | 4,648 | 5,653 | -16.5 | — |
| EBIT | 4,685 | 6,884 | 7,903 | 307 | — |
| EBITDA | 4,685 | 7,896 | 9,305 | 1,809 | — |
| Interest expense | 7.4 | 13.9 | 19.1 | 14.5 | — |
| Pre-tax income | 4,677 | 6,870 | 7,884 | 292 | — |
| Income tax | 1,686 | 2,792 | 1,994 | 1,690 | — |
| Net income | 2,994 | 4,065 | 5,883 | -1,386 | — |
| Net income to common shareholders | 2,994 | 4,065 | 5,883 | -1,386 | — |
| Basic EPS | 0.90 | 1.19 | 1.67 | -0.39 | — |
| Diluted EPS | 0.86 | 1.15 | 1.63 | -0.39 | — |
| Average shares (basic) | 3,326 | 3,410 | 3,521 | 3,569 | — |
| Average shares (diluted) | 3,472 | 3,537 | 3,612 | 3,569 | — |