KE Holdings (BEKE) Operating Expenses (2019 - 2026)
KE Holdings (BEKE) reported Operating Expenses of -$476.6 million for Q1 2026, up 18.25% on a YoY basis from -$403.0 million in Q1 2025, and up 32.04% sequentially from -$701.2 million in Q4 2025.
KE Holdings (BEKE) Operating Expenses (2019 - 2026) Analysis & Trends
KE Holdings (BEKE) has 8 years of Operating Expenses data on file, last reported at -$476.6 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 18.25% year-over-year to -$476.6 million; the trailing twelve-month figure through Mar 2026 stood at -$2.4 billion (down 69.53% YoY), and the FY2025 full-year result was $2.6 billion, down 1.49% from the prior year.
- Operating Expenses climbed to -$476.6 million in Q1 2026, from -$701.2 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.
- A 5-year average of -$527.7 million and a median of -$583.0 million in 2025 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses surged 205.39% in 2024 and tumbled 204.56% in 2025, its largest moves.
- Tracing BEKE's Operating Expenses over 5 years: stood at -$537.3 million in 2022, then plunged by 39.39% to -$748.9 million in 2023, then decreased by 12.67% to -$843.8 million in 2024, then grew by 16.9% to -$701.2 million in 2025, then soared by 32.04% to -$476.6 million in 2026.
- Business Quant data shows BEKE's Operating Expenses at -$476.6 million in Q1 2026, -$701.2 million in Q4 2025, and -$607.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Colliers International | 4,798.15 Bn | 4,797.86 Bn | - | 440.70 Mn |
| 2 | IHS Holding | 60.96 Bn | 61.13 Bn | 231.80 | -120.70 |
| 3 | KE Holdings | 53.48 Bn | 50.59 Bn | 661.06 Mn | -476.55 Mn |
| 4 | Cbre | 39.71 Bn | 39.92 Bn | 1.85 Bn | - |
| 5 | Jones Lang Lasalle | 14.96 Bn | 14.65 Bn | - | 6.18 Bn |
| 6 | Costar | 11.08 Bn | 9.80 Bn | 701.00 Mn | 698.00 Mn |
| 7 | Compass | 7.92 Bn | 7.44 Bn | 2.31 Bn | 3.06 Bn |
| 8 | FirstService | 6.01 Bn | 6.28 Bn | 480.66 Mn | 359.42 Mn |
| 9 | Opendoor Technologies | 3.69 Bn | 2.69 Bn | 72.00 Mn | 231.00 Mn |
| 10 | Cushman & Wakefield | 2.90 Bn | 2.30 Bn | 420.70 Mn | 2.48 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | -784.44 Mn |
| Jun 30, 2021 | -653.16 Mn |