KE Holdings Inc. Sponsored ADR Class A (BEKE)
NYSE:BEKE
Earnings Data
Report Date
May 14, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.14Last Year’s EPS
0.17Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call struck a balanced tone: management acknowledged significant near‑term revenue and profit declines in Q4 driven by a high prior‑year base and one‑off optimization costs, but highlighted meaningful progress on operational efficiency, margin recovery in multiple segments (existing home, new home, rental, renovation), strong cash/liquidity and sizable shareholder returns. The company’s strategic pivot to efficiency, AI integration and improved unit economics supports a constructive long‑term outlook, while short‑term financial pressures and sizable YoY declines warrant caution.Company Guidance
Strategic pivot to efficiency-driven growth
Management initiated a company-wide shift from scale/sales-driven to efficiency-driven growth in 2025, focusing on technology, AI, unit economics and resource reallocation to improve long-term profitability and service capability.
Diversified revenue mix — record non-housing share
Revenue from non-housing transaction businesses reached a record high of 41% of total revenue in 2025, reducing cyclicality and demonstrating a more diversified business structure.
Existing home platform resilience and productivity gains
Existing-home GTV accounted for 67.6% of total GTV; connected brands made up ~63% of existing-home GTV. Existing-home contribution margin was 40.4% in Q4, stable year‑over‑year and up 1.5 percentage points quarter‑over‑quarter, reflecting improved profitability despite lower scale.
New-home profitability improvement
Q4 new-home contribution margin rose to 28.3%, up 2.6 percentage points year‑over‑year and 4.2 percentage points quarter‑over‑quarter, driven by cost-structure optimization despite a 41.7% year‑over‑year GTV decline in Q4.
Home rental scale expansion and profitability
Managed rental units exceeded 700,000 by end‑Q4 (≈62% year‑over‑year growth). Rental revenue in Q4 rose 18.1% year‑over‑year and rental contribution margin improved to 10.4% (up 5.9 percentage points YoY), and the rental business turned profitable at the operating level for the full year.
Home renovation margin improvement and procurement progress
Full‑year renovation revenue grew 4.4% to RMB 15.4 billion; contribution margin improved to 31.4% (+0.7 percentage points YoY). Centralized procurement completed tenders for ~80% of key materials and ~60% of auxiliary materials, supporting material-cost savings and quality stability.
Operating-efficiency gains and expense discipline
Operating expense ratio improved (down 1.4 percentage points YoY). Fixed labor costs in existing‑home business declined sequentially for four consecutive quarters, G&A and sales & marketing expenses fell ~23.9% and ~17.7% YoY respectively, and new-home AR turnover days improved to 44 days (≈10 days faster QoQ).
Strong shareholder returns and healthy liquidity
Total share repurchases in 2025 were ~USD 921 million (≈+29% YoY), full‑year total shareholder return ~USD 1.22 billion (≈+9% YoY), representing ~170% of 2025 non‑GAAP net profit. Cash liquidity (excluding customer deposits) ~RMB 68.7 billion and cumulative repurchases since Sept 2022 ~USD 2.5 billion (≈12.6% reduction in shares).
AI and product strategy embedding
Company is embedding AI across workflows (marketing assistants, pricing, matching, decision support) and repositioning offerings toward full-process decision-support services to improve matching precision, agent productivity and platform-level unit economics.
KE Holdings Inc. Sponsored ADR Class A (BEKE) Earnings, Revenues Date & History
BEKE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BEKE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 16, 2026 | $16.73 | $16.90 | +1.02% |
Nov 10, 2025 | $15.60 | $16.13 | +3.40% |
Aug 26, 2025 | $18.82 | $18.58 | -1.28% |
May 15, 2025 | $20.23 | $19.16 | -5.29% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does KE Holdings Inc. Sponsored ADR Class A (BEKE) report earnings?
KE Holdings Inc. Sponsored ADR Class A (BEKE) is schdueled to report earning on May 14, 2026, After Close (Confirmed).
What is KE Holdings Inc. Sponsored ADR Class A (BEKE) earnings time?
KE Holdings Inc. Sponsored ADR Class A (BEKE) earnings time is at May 14, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BEKE EPS forecast?
BEKE EPS forecast for the fiscal quarter 2026 (Q1) is 0.14.