KE Holdings BEKE
NYSE BEKE
$16.85 -0.42 (-2.40%)
As of: Sep 9, 2026 · 3:59 PM EDT

KE Holdings (BEKE) Operating Expenses (2019 - 2026)

KE Holdings' (BEKE) quarterly Operating Expenses came in at -$587.7 million in Q2 2026, up 9.27% year-over-year from -$537.8 million in Q2 2025, and down 23.32% quarter-over-quarter from -$476.6 million in Q1 2026.

Analysis

KE Holdings (BEKE) Operating Expenses (2019 - 2026) Analysis & Trends

KE Holdings has disclosed Operating Expenses across 8 years of filings, most recently posting -$587.7 million for Q2 2026.

  • In Q2 2026, Operating Expenses rose 9.27% year-over-year to -$587.7 million; the TTM figure through Jun 2026 stood at -$2.4 billion (up 12.19% YoY), while the FY2025 annual figure was -$2.6 billion, down 564.8% from the prior year.
  • Operating Expenses came in at -$587.7 million for Q2 2026 at KE Holdings, down from -$476.6 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $619.5 million in Q2 2024 to a low of -$843.8 million in Q4 2024.
  • Average Operating Expenses over 5 years is -$531.0 million, with a median of -$585.3 million recorded in 2025.
  • Year-over-year, Operating Expenses soared 205.39% in 2024 and plunged 204.56% in 2025.
  • Over 5 years, Operating Expenses stood at -$537.3 million in 2022, then sank by 39.39% to -$748.9 million in 2023, then slipped by 12.67% to -$843.8 million in 2024, then increased by 16.9% to -$701.2 million in 2025, then gained by 16.19% to -$587.7 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were -$587.7 million in Q2 2026, -$476.6 million in Q1 2026, and -$701.2 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 KE Holdings 18.72 Bn 16.31 Bn 1.03 Bn -587.69 Mn
2 Compass 8.12 Bn 7.43 Bn 3.88 Bn 4.18 Bn
3 Agnt 617.29 Mn 406.23 Mn 98.80 Mn 97.16 Mn
4 Re 263.27 Mn -411.62 Mn - 66.99 Mn
5 Douglas Elliman 150.00 Mn 44.78 Mn 59.19 Mn 37.67 Mn
6 Fathom Holdings 21.73 Mn 17.23 Mn 113.03 Mn 12.02 Mn
7 Linkhome Holdings 19.56 Mn 14.20 Mn 158,719.00 356,026.00
8 reAlpha Tech 8.06 Mn 5.83 Mn 732,947.00 3.63 Mn
9 Real Messenger 2.92 Mn 2.92 Mn - -
10 Ohmyhome 701,310.25 -2.84 Mn 1.64 Mn 3.00 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -587.69 Mn
Mar 31, 2026 -476.55 Mn
Dec 31, 2025 -701.18 Mn
Sep 30, 2025 -607.83 Mn
Jun 30, 2025 -647.77 Mn
Mar 31, 2025 -582.96 Mn
Dec 31, 2024 -843.80 Mn
Sep 30, 2024 -628.10 Mn
Jun 30, 2024 619.49 Mn
Mar 31, 2024 -569.26 Mn
Dec 31, 2023 -748.91 Mn
Sep 30, 2023 -544.10 Mn
Jun 30, 2023 -587.79 Mn
Mar 31, 2023 -490.97 Mn
Dec 31, 2022 -537.26 Mn
Sep 30, 2022 -498.20 Mn
Jun 30, 2022 -630.99 Mn
Mar 31, 2022 -494.96 Mn
Dec 31, 2021 -643.28 Mn
Sep 30, 2021 -274.06 Mn