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

KE Holdings has disclosed Operating Margin across 8 years of filings, most recently posting 6.74% for Q1 2026.

• Operating Margin for Q1 2026 came in at 6.74%, up 421.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 3.1% (down 121.0% YoY), and the FY2025 annual result was 2.23%, down 180.0% from the prior year.
• Operating Margin came in at 6.74% for Q1 2026 at KE Holdings, up from 0.66% 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.
• The 5-year median for Operating Margin is 3.22% (2024), against an average of 2.7%.
• Across the five-year window, Operating Margin tumbled 1563 bps in 2022 and jumped 2200 bps in 2023, its largest moves.
• KE Holdings' Operating Margin stood at 2.31% in 2022, then tumbled by 137 bps to 0.86% in 2023, then soared by 479 bps to 3.25% in 2024, then slumped by 120 bps to 0.66% in 2025, then surged by 1116 bps to 6.74% in 2026.
• The last three Operating Margin figures came in at 6.74% (Q1 2026), 0.66% (Q4 2025), and 2.64% (Q3 2025), per Business Quant data.