XML 22 R4.htm IDEA: XBRL DOCUMENT v3.26.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
¥ in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2025
CNY (¥)
¥ / shares
shares
Dec. 31, 2025
USD ($)
$ / shares
shares
Dec. 31, 2024
CNY (¥)
¥ / shares
shares
Dec. 31, 2023
CNY (¥)
¥ / shares
shares
Net revenues:        
Total net revenues ¥ 94,580,205 $ 13,524,789 ¥ 93,457,498 ¥ 77,776,932
Cost of revenues:        
Commission-split (including costs generated from related parties of RMB869,298, RMB601,193 and RMB331,521, for 2023, 2024 and 2025, respectively) (20,873,405) (2,984,857) (22,766,957) (20,419,577)
Commission and compensation-internal (17,656,184) (2,524,801) (18,903,786) (17,015,927)
Cost of home renovation and furnishing (including costs generated from related parties of RMB176,824, RMB116,207 and RMB48,000, for 2023, 2024 and 2025, respectively) (10,581,816) (1,513,180) (10,229,696) (7,705,325)
Cost of home rental services (including costs generated from related parties of RMB9,042, RMB11,150 and RMB11,493, for 2023, 2024 and 2025, respectively) (20,020,954) (2,862,958) (13,619,506) (6,163,044)
Cost related to stores (including costs generated from related parties of RMB15,356, RMB7,594 and RMB5,410, for 2023, 2024 and 2025, respectively) (2,851,831) (407,806) (2,854,988) (2,872,093)
Others (including costs generated from related parties of RMB9,401, RMB13,496 and RMB6,697, for 2023, 2024 and 2025, respectively) (2,383,938) (340,898) (2,138,510) (1,882,952)
Total cost of revenues (74,368,128) (10,634,500) (70,513,443) (56,058,918)
Gross profit 20,212,077 2,890,289 22,944,055 21,718,014
Operating expenses:        
Sales and marketing expenses (including expenses generated from related parties of RMB6,776, RMB21,001 and RMB9,113, for 2023, 2024 and 2025, respectively) (7,328,909) (1,048,020) (7,783,341) (6,654,178)
General and administrative expenses (including expenses generated from related parties of RMB15,732, RMB5,702 and RMB378, for 2023, 2024 and 2025, respectively) (8,075,414) (1,154,769) (8,960,747) (8,236,569)
Research and development expenses (including expenses generated from related parties of RMB92,080, RMB152,818 and RMB208,679, for 2023, 2024 and 2025, respectively) (2,580,564) (369,016) (2,283,424) (1,936,780)
Impairment of goodwill, intangible assets and other long-lived assets (116,332) (16,635) (151,576) (93,417)
Total operating expenses (18,101,219) (2,588,440) (19,179,088) (16,920,944)
Income from operations 2,110,858 301,849 3,764,967 4,797,070
Interest income, net (including income generated from related parties of RMB6,987, RMB7,010 and RMB11,895, for 2023, 2024 and 2025, respectively) 807,505 115,472 1,260,163 1,263,332
Share of results of equity investees 16,420 2,348 10,192 9,098
Impairment loss and provision related to equity investments accounted for using equity method (103,662) (14,823)   (10,369)
Fair value changes in investments, net 462,668 66,161 312,791 78,320
Impairment loss for equity investments accounted for using measurement alternative (2,731) (391) (9,408) (28,800)
Foreign currency exchange loss (59,746) (8,544) (34,674) (93,956)
Other income, net 1,445,791 206,745 1,566,038 1,869,300
Income before income tax expense 4,677,103 668,817 6,870,069 7,883,995
Income tax expense (1,686,089) (241,108) (2,791,889) (1,994,391)
Net income 2,991,014 427,709 4,078,180 5,889,604
Net loss (income) attributable to noncontrolling interests shareholders 2,961 423 (13,280) (6,380)
Net income attributable to KE Holdings Inc. 2,993,975 428,132 4,064,900 5,883,224
Net income attributable to KE Holdings Inc.'s ordinary shareholders 2,993,975 428,132 4,064,900 5,883,224
Other comprehensive income (loss)        
Currency translation adjustments (429,040) (61,352) 217,142 574,223
Unrealized gains on available-for-sale investments, net of reclassification 109,957 15,724 147,668 82,800
Total other comprehensive income (loss) (319,083) (45,628) 364,810 657,023
Total comprehensive income 2,671,931 382,081 4,442,990 6,546,627
Comprehensive loss (income) attributable to noncontrolling interests shareholders 2,961 423 (13,280) (6,380)
Comprehensive income attributable to KE Holdings Inc. 2,674,892 382,504 4,429,710 6,540,247
Comprehensive income attributable to KE Holdings Inc.'s ordinary shareholders ¥ 2,674,892 $ 382,504 ¥ 4,429,710 ¥ 6,540,247
Weighted average number of ordinary shares used in computing net income per share, basic and diluted        
- Basic (in shares) 3,326,149,994 3,326,149,994 3,409,772,592 3,521,379,938
- Diluted (in shares) 3,472,076,149 3,472,076,149 3,537,408,029 3,611,653,020
Net income per share attributable to ordinary shareholders        
- Basic (per share) | (per share) ¥ 0.9 $ 0.13 ¥ 1.19 ¥ 1.67
- Diluted (per share) | (per share) ¥ 0.86 $ 0.12 ¥ 1.15 ¥ 1.63
Share-based compensation expenses included in:        
Share-based compensation expenses included in: | ¥ ¥ 1,904,924   ¥ 2,726,075 ¥ 3,215,549
Cost of revenues        
Share-based compensation expenses included in:        
Share-based compensation expenses included in: 446,120 $ 63,794 521,293 502,523
Sales and marketing expenses        
Share-based compensation expenses included in:        
Share-based compensation expenses included in: 181,877 26,008 197,320 180,465
General and administrative expenses        
Share-based compensation expenses included in:        
Share-based compensation expenses included in: 1,111,415 158,931 1,821,817 2,345,895
Research and development expenses        
Share-based compensation expenses included in:        
Share-based compensation expenses included in: 165,512 23,668 185,645 186,666
Existing home transaction services        
Net revenues:        
Total net revenues 25,020,035 3,577,817 28,201,003 27,954,135
New home transaction services        
Net revenues:        
Total net revenues 30,597,319 4,375,358 33,653,403 30,575,778
Home renovation and furnishing        
Net revenues:        
Total net revenues 15,426,141 2,205,909 14,768,947 10,850,497
Home rental services        
Net revenues:        
Total net revenues 21,900,320 3,131,704 14,334,479 6,099,747
Emerging and other services        
Net revenues:        
Total net revenues ¥ 1,636,390 $ 234,001 ¥ 2,499,666 ¥ 2,296,775