KE Holdings (BEKE) Gross Margin (2019 - 2026)
KE Holdings (BEKE) reported Gross Margin of 24.14% for Q1 2026, up 347.0% on a YoY basis from 5.4% in Q1 2025, and up 12.6% sequentially from 21.44% in Q4 2025.
KE Holdings (BEKE) Gross Margin (2019 - 2026) Analysis & Trends
KE Holdings (BEKE) has 8 years of Gross Margin data on file, last reported at 24.14% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 347.0% year-over-year to 24.14%; the trailing twelve-month figure through Mar 2026 stood at 22.14% (down 140.0% YoY), and the FY2025 full-year result was 21.37%, down 318.0% from the prior year.
- Gross Margin climbed to 24.14% in Q1 2026, from 21.44% 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.
- A 5-year average of 24.05% and a median of 24.14% in 2026 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin soared 1362 bps in 2023 and tumbled 614 bps in 2024, its largest moves.
- Tracing BEKE's Gross Margin over 5 years: stood at 24.44% in 2022, then grew by 4 bps to 25.46% in 2023, then dropped by 10 bps to 23.04% in 2024, then fell by 7 bps to 21.44% in 2025, then increased by 13 bps to 24.14% in 2026.
- Business Quant data shows BEKE's Gross Margin at 24.14% in Q1 2026, 21.44% in Q4 2025, and 21.41% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Colliers International | 4,798.15 Bn | 4,797.86 Bn | - | - |
| 2 | IHS Holding | 60.96 Bn | 61.13 Bn | 231.80 | 55.80% |
| 3 | KE Holdings | 53.48 Bn | 50.59 Bn | 661.06 Mn | 24.14% |
| 4 | Cbre | 39.71 Bn | 39.92 Bn | 1.85 Bn | 17.59% |
| 5 | Jones Lang Lasalle | 14.96 Bn | 14.65 Bn | - | - |
| 6 | Costar | 11.08 Bn | 9.80 Bn | 701.00 Mn | 78.15% |
| 7 | Compass | 7.92 Bn | 7.44 Bn | 2.31 Bn | 85.28% |
| 8 | FirstService | 6.01 Bn | 6.28 Bn | 480.66 Mn | 33.17% |
| 9 | Opendoor Technologies | 3.69 Bn | 2.69 Bn | 72.00 Mn | 10.00% |
| 10 | Cushman & Wakefield | 2.90 Bn | 2.30 Bn | 420.70 Mn | 16.59% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 22.06% |