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
DateValue
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