The earnings call highlighted significant revenue growth in diverse areas such as home rental services and an expanded agent network, alongside a solid commitment to shareholder returns through an expanded buyback program. However, there were notable challenges, including a decline in net income and gross margins, attributed to the slowdown in the real estate market and increased costs. While the company has shown resilience and strategic expansion, the financial pressures and market challenges present a balanced view of the current business climate.

Company Guidance

During KE Holdings Inc.'s second quarter 2025 earnings call, the company provided extensive guidance on its financial and operational performance. The total GTV for Q2 was RMB878.7 billion, marking a 4.7% year-over-year increase, while total revenues were RMB26 billion, up 11.3% from the previous year. However, the gross margin fell by 6 percentage points to 21.9%. The GAAP net income was RMB1.31 billion, a 31.2% decrease year-over-year, and the non-GAAP net income was RMB1.82 billion, down 32.4%. The company highlighted significant growth in its home renovation and furnishing business, with revenue reaching RMB4.6 billion, up 13% year-over-year, and a contribution margin of 32.1%. Additionally, home rental services achieved a record revenue of RMB5.7 billion, increasing by 78% year-over-year. The company emphasized its commitment to an asset-light model and announced an expansion of its share repurchase program to US$5 billion, extended to August 31, 2028.

Revenue and GTV Growth

Total revenues reached RMB26 billion, marking an 11.3% increase year-over-year. Total GTV was RMB878.7 billion, representing a year-over-year increase of 4.7%.

Home Rental Services Expansion

Revenue from home rental services reached a record high of RMB5.7 billion in Q2, up 78% year-over-year. The number of rental units under management increased to over 590,000 from over 310,000 in the same period of 2024.

Diverse Growth Drivers

Revenue from non-housing transaction services accounted for 41% of total revenues in Q2, highlighting diversified growth drivers.

Agent and Store Network Expansion

The number of active stores increased by 30% in the first half of the year, with active non-Lianjia stores soaring by 36.8% year-over-year. The number of active agents increased by 19.5%.

Home Renovation and Furnishing Services Growth

Revenue from home renovation and furnishing business increased by 13% year-over-year, with a contribution margin reaching 32.1%.

Shareholder Returns and Buyback Program

The board approved an expansion of the existing share repurchase program to US$5 billion, extending to August 31, 2028.

KE Holdings Inc. Sponsored ADR Class A (BEKE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

BEKE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 19, 2025	2025 (Q3)	0.16 / -	0.214	―	―	―
Aug 26, 2025	2025 (Q2)	0.21 / 0.22	0.319	-32.02% (-0.10)	―
May 15, 2025	2025 (Q1)	0.14 / 0.17	0.165	0.85% (<+0.01)	―
Mar 18, 2025	2024 (Q4)	0.24 / 0.16	0.201	-20.83% (-0.04)	―
Nov 21, 2024	2024 (Q3)	0.20 / 0.21	0.252	-15.00% (-0.04)	―
Aug 12, 2024	2024 (Q2)	0.22 / 0.32	0.274	16.33% (+0.04)
May 23, 2024	2024 (Q1)	0.14 / 0.16	0.408	-59.59% (-0.24)
Mar 14, 2024	2023 (Q4)	0.19 / 0.20	0.18	11.63% (+0.02)
Nov 08, 2023	2023 (Q3)	0.11 / 0.25	0.219	14.65% (+0.03)	―
Aug 31, 2023	2023 (Q2)	0.19 / 0.27	-0.073	476.92% (+0.35)	―

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
Aug 26, 2025	$18.82	$18.58	-1.28%
May 15, 2025	$20.23	$19.16	-5.29%
Mar 18, 2025	$24.65	$22.86	-7.26%
Nov 21, 2024	$19.87	$19.63	-1.21%

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 Nov 19, 2025, 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 Nov 19, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

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 2025 (Q3) is 0.16.

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