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.