KE Holdings (BEKE) Operating Margin (2019 - 2026)
KE Holdings (BEKE) posted Operating Margin of 12.33% for Q2 2026, up 8.26 percentage points from 4.07% a year earlier and up 5.60 percentage points from the prior quarter.
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Analysis
KE Holdings (BEKE) Operating Margin (2019 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at KE Holdings was 5.44%, up 2.15 percentage points year-over-year; for FY2025, it was 2.23%, down 1.80 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of -1.80 percentage points (FY2020 to FY2025).
- In prior years, KE Holdings' Operating Margin was 4.03% in FY2024 (-2.14 pp), 6.17% in FY2023 (+7.54 pp), -1.37% in FY2022 (+0.30 pp) and -1.68% in FY2021 (-5.71 pp).
- The Q2 2026 figure stands as the highest quarterly Operating Margin since Q1 2023.
- On a year-over-year basis, Operating Margin increased in four of the last eight quarters, with an average year-over-year change of +1.01 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q1 2023, with a gain of 22.00 percentage points; the weakest was Q2 2022, with a drop of 15.63 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 6.74% (Q1 2026), -0.66% (Q4 2025) and 2.64% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cbre | 37.92 Bn | 31.69 Bn | 2.09 Bn | 3.25% |
| 2 | KE Holdings | 37.35 Bn | 18.06 Bn | 1.03 Bn | 12.33% |
| 3 | Jones Lang Lasalle | 14.31 Bn | 12.53 Bn | - | 4.20% |
| 4 | Compass | 6.79 Bn | 5.25 Bn | - | 2.88% |
| 5 | Colliers International | 4.60 Bn | 3.67 Bn | 635.11 Mn | 0.05% |
| 6 | Cushman & Wakefield | 2.75 Bn | 233.71 Mn | 512.00 Mn | 4.86% |
| 7 | Newmark | 1.99 Bn | 1.36 Bn | - | 4.55% |
| 8 | Marcus & Millichap | 1.10 Bn | 195.57 Mn | - | 1.09% |
| 9 | Agnt | 593.27 Mn | 122.95 Mn | 98.80 Mn | 0.11% |
| 10 | Rmr | 587.71 Mn | 512.17 Mn | - | -6.04% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.33% |
| Mar 31, 2026 | 6.74% |
| Dec 31, 2025 | -0.66% |
| Sep 30, 2025 | 2.64% |
| Jun 30, 2025 | 4.07% |
| Mar 31, 2025 | 2.53% |
| Dec 31, 2024 | 3.25% |
| Sep 30, 2024 | 3.22% |
| Jun 30, 2024 | 8.62% |
| Mar 31, 2024 | 0.07% |
| Dec 31, 2023 | -0.86% |
| Sep 30, 2023 | 5.12% |
| Jun 30, 2023 | 5.55% |
| Mar 31, 2023 | 14.69% |
| Dec 31, 2022 | 2.31% |
| Sep 30, 2022 | 6.91% |
| Jun 30, 2022 | -11.02% |
| Mar 31, 2022 | -7.32% |
| Dec 31, 2021 | -6.66% |
| Sep 30, 2021 | -12.71% |
API Access
KE Holdings Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=BEKE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "BEKE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=BEKE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();