The earnings call highlighted significant achievements in operational efficiency and growth in the rental business. However, there were notable declines in gross margin and new home transaction revenue, which were concerning.

Company Guidance

During the third quarter of 2025, KE Holdings, Inc. focused on enhancing business efficiency and profitability, achieving city-level profitability in its home renovation and rental business segments before deducting headquarters expenses. Total Gross Transaction Value (GTV) was RMB 736.7 billion, remaining stable year-over-year, while total revenues increased by 2.1% to RMB 23.1 billion. The gross margin declined by 1.3 percentage points to 21.4%, and GAAP net income decreased by 36.1% to RMB 747 million. Non-GAAP net income also saw a decline of 27.8% to RMB 1.29 billion. The company optimized costs and expenses across core business segments and enhanced shareholder returns with significant share repurchases, spending USD 281 million in Q3, marking the highest level in the past two years. Revenue from home renovation and furniture services remained flat at RMB 4.3 billion, with a contribution margin increase of 0.8 percentage points to 32%. The home rental services business saw a revenue surge to RMB 5.7 billion, a 45.3% year-over-year increase, driven by growth in rental units under management, which reached over 660,000. The contribution margin for home rental services improved to 8.7%, a year-over-year increase of 4.3 percentage points.

Record Contribution Profit in Home Renovation and Rental Business

Achieved city-level profitability in both home renovation and rental business before deducting headquarter expenses. The combined contribution profit reached a record high.

Home Rental Services Surge

Revenue from home rental services reached a record high of RMB 5.7 billion in Q3, up 45.3% year-over-year.

Improved Efficiency and Shareholder Returns

Enhanced operational efficiency through AI technology and increased execution of shareholder returns with a single quarter share repurchase spending reaching its highest level in the past 2 years.

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

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BEKE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 12, 2026	2025 (Q4)	0.13 / -	0.162	―	―	―
Nov 10, 2025	2025 (Q3)	0.15 / 0.16	0.217	-26.80% (-0.06)	―
Aug 26, 2025	2025 (Q2)	0.21 / 0.22	0.323	-32.02% (-0.10)	―
May 15, 2025	2025 (Q1)	0.14 / 0.17	0.167	0.85% (<+0.01)	―
Mar 18, 2025	2024 (Q4)	0.24 / 0.16	0.204	-20.83% (-0.04)	―
Nov 21, 2024	2024 (Q3)	0.21 / 0.22	0.255	-15.00% (-0.04)	―
Aug 12, 2024	2024 (Q2)	0.23 / 0.32	0.278	16.33% (+0.05)
May 23, 2024	2024 (Q1)	0.14 / 0.17	0.414	-59.59% (-0.25)
Mar 14, 2024	2023 (Q4)	0.19 / 0.20	0.183	11.63% (+0.02)
Nov 08, 2023	2023 (Q3)	0.11 / 0.26	0.222	14.65% (+0.03)	―

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
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%
Mar 18, 2025	$24.65	$22.86	-7.26%

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 Mar 12, 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 Mar 12, 2026, 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 (Q4) is 0.13.