KE Holdings (BEKE) Gross Margin (2019 - 2026)
KE Holdings' (BEKE) quarterly Gross Margin came in at 28.58% in Q2 2026, up 667.0% year-over-year from 3.73% in Q2 2025, and up 18.41% quarter-over-quarter from 24.14% in Q1 2026.
Analysis
KE Holdings (BEKE) Gross Margin (2019 - 2026) Analysis & Trends
KE Holdings has disclosed Gross Margin across 8 years of filings, most recently posting 28.58% for Q2 2026.
- In Q2 2026, Gross Margin rose 667.0% year-over-year to 28.58%; the TTM figure through Jun 2026 stood at 24.03% (up 188.0% YoY), while the FY2025 annual figure was 21.37%, down 318.0% from the prior year.
- Gross Margin came in at 28.58% for Q2 2026 at KE Holdings, up from 24.14% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 31.31% in Q1 2023 to a low of 17.69% in Q1 2022.
- Average Gross Margin over 5 years is 24.3%, with a median of 24.29% recorded in 2026.
- Year-over-year, Gross Margin jumped 1362 bps in 2023 and plunged 614 bps in 2024.
- Over 5 years, Gross Margin stood at 24.44% in 2022, then increased by 4 bps to 25.46% in 2023, then declined by 10 bps to 23.04% in 2024, then retreated by 7 bps to 21.44% in 2025, then jumped by 33 bps to 28.58% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 28.58% in Q2 2026, 24.14% in Q1 2026, and 21.44% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | KE Holdings | 18.53 Bn | 16.12 Bn | 1.03 Bn | 28.58% |
| 2 | Compass | 7.68 Bn | 6.98 Bn | 3.88 Bn | 90.04% |
| 3 | Agnt | 625.60 Mn | 414.54 Mn | 98.80 Mn | 6.82% |
| 4 | Re | 263.27 Mn | -411.62 Mn | - | - |
| 5 | Douglas Elliman | 147.43 Mn | 42.20 Mn | 59.19 Mn | 20.88% |
| 6 | Fathom Holdings | 19.79 Mn | 15.29 Mn | 113.03 Mn | 98.62% |
| 7 | Linkhome Holdings | 18.02 Mn | 12.66 Mn | 158,719.00 | 2.93% |
| 8 | reAlpha Tech | 8.00 Mn | 5.77 Mn | 732,947.00 | 66.01% |
| 9 | Real Messenger | 2.84 Mn | 2.84 Mn | - | - |
| 10 | Ohmyhome | 647,554.74 | -2.89 Mn | 1.64 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 28.58% |
| Mar 31, 2026 | 24.14% |
| Dec 31, 2025 | 21.44% |
| Sep 30, 2025 | 21.41% |
| Jun 30, 2025 | 21.91% |
| Mar 31, 2025 | 20.67% |
| Dec 31, 2024 | 23.04% |
| Sep 30, 2024 | 22.74% |
| Jun 30, 2024 | 27.89% |
| Mar 31, 2024 | 25.17% |
| Dec 31, 2023 | 25.46% |
| Sep 30, 2023 | 27.40% |
| Jun 30, 2023 | 27.42% |
| Mar 31, 2023 | 31.31% |
| Dec 31, 2022 | 24.44% |
| Sep 30, 2022 | 27.05% |
| Jun 30, 2022 | 19.66% |
| Mar 31, 2022 | 17.69% |
| Dec 31, 2021 | 16.39% |
| Sep 30, 2021 | 15.22% |