Earnings ·
KE Holdings Inc. reported unaudited financial results for the second quarter and first half of 2026
BEKEKE Holdings Inc.
KE Holdings Inc. reported unaudited financial results for the second quarter and first half of 2026. For Q2, gross transaction value (GTV) rose 6.3% year-over-year to RMB933.8 billion, while net revenues decreased 5.7% to RMB24.5 billion due to declines in home renovation and rental services. Net income doubled to RMB2,624 million, driven by a 6.7 percentage point increase in gross margin to 28.6% and a 14.1% reduction in operating expenses. The company repurchased approximately US$250 million of shares during the quarter. For the six-month period, net revenues fell 12.0% to RMB43.4 billion, but adjusted net income grew 49.2% to RMB4.8 billion as profitability improved across all business lines. KE Holdings Inc. operates a leading integrated online and offline platform for housing transactions and services in China.