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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |