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

KE Holdings has disclosed Operating Margin across 8 years of filings, most recently posting 12.33% for Q2 2026.

• In Q2 2026, Operating Margin rose 826.0% year-over-year to 12.33%; the TTM figure through Jun 2026 stood at 5.44% (up 215.0% YoY), while the FY2025 annual figure was 2.23%, down 180.0% from the prior year.
• Operating Margin came in at 12.33% for Q2 2026 at KE Holdings, up from 6.74% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 14.69% in Q1 2023 to a low of 11.02% in Q2 2022.
• Average Operating Margin over 5 years is 3.23%, with a median of 3.23% recorded in 2024.
• Year-over-year, Operating Margin slumped 1563 bps in 2022 and surged 2200 bps in 2023.
• Over 5 years, Operating Margin stood at 2.31% in 2022, then sank by 137 bps to 0.86% in 2023, then soared by 479 bps to 3.25% in 2024, then plunged by 120 bps to 0.66% in 2025, then surged by 1960 bps to 12.33% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 12.33% in Q2 2026, 6.74% in Q1 2026, and 0.66% in Q4 2025.