KE Holdings (BEKE) Gross Margin (2019 - 2026)

KE Holdings (BEKE) posted Gross Margin of 24.14% for Q1 2026, up 12.6% sequentially from 21.44% in Q4 2025, and up 347.0% YoY from 5.4% in Q1 2025.

KE Holdings (BEKE) Gross Margin (2019 - 2026) Analysis & Trends

KE Holdings has reported Gross Margin for 8 years, with the latest figure at 24.14% in Q1 2026.

Quarterly Gross Margin rose 347.0% year-over-year to 24.14% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 22.14% (down 140.0% YoY) and the FY2025 annual result came in at 21.37%, down 318.0% from the prior year.
Gross Margin climbed to 24.14% in Q1 2026 per BEKE's latest filing, from 21.44% in the prior quarter.
Over five years, Gross Margin peaked at 31.31% in Q1 2023 and troughed at 17.69% in Q1 2022.
A 5-year average of 24.05% and a median of 24.14% in 2026 frame the typical range for Gross Margin.
The sharpest annual moves came in 2023 and 2024: Gross Margin surged 1362 bps in 2023, then sank 614 bps in 2024.
Over 5 years, Gross Margin stood at 24.44% in 2022, then gained by 4 bps to 25.46% in 2023, then retreated by 10 bps to 23.04% in 2024, then slipped by 7 bps to 21.44% in 2025, then advanced by 13 bps to 24.14% in 2026.
According to Business Quant data, Gross Margin over the past three periods registered 24.14%, 21.44%, and 21.41% for Q1 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	Cbre	44.30 Bn	42.81 Bn	2.09 Bn	18.58%
2	KE Holdings	18.87 Bn	15.99 Bn	661.06 Mn	24.14%
3	Jones Lang Lasalle	17.79 Bn	17.34 Bn	-	-
4	Costar	13.04 Bn	11.78 Bn	728.00 Mn	78.70%
5	Compass	9.00 Bn	8.31 Bn	3.88 Bn	90.04%
6	FirstService	6.55 Bn	6.32 Bn	480.66 Mn	33.17%
7	Colliers International	5.46 Bn	5.40 Bn	635,105.00 Bn	40.39%
8	Cushman & Wakefield	3.45 Bn	2.95 Bn	512.00 Mn	18.53%
9	Opendoor Technologies	3.35 Bn	2.45 Bn	86.00 Mn	9.74%
10	Newmark	2.85 Bn	2.46 Bn	-	-

Download Data