KE (ADR)
Connects China's home transactions, rentals, and renovations through Beike and Lianjia.
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Profile
Connects home buyers, sellers, renters, developers, and service providers in China through the Beike platform and owned Lianjia brokerage. Revenue comes from existing- and new-home transactions, renovation and furnishing, rental services, and a smaller emerging-services line, supported by property data and the Agent Cooperation Network.
Connects home buyers, sellers, renters, developers, and service providers across China through the Beike platform and its owned Lianjia brokerage. Existing-home services earn brokerage commissions and platform or franchise fees, while new-home services connect developers with customers through owned and connected channels.
Home renovation and furnishing spans design, remodeling, materials, delivery, and after-sales work. Home rental services cover property management and leasing agency, alongside a smaller emerging and other services line.
Combines property data, authentic-listing standards, digital tools, and the Agent Cooperation Network to assign transaction roles and commission allocation across stores and brands. The business is concentrated in China and depends on housing transaction volumes, developer conditions, local housing rules, platform regulation, and access to its connected agent network.
Company facts
Categories
Key statistics
Year to date +14.1% · Average volume (30d) 3.8M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 19, 2026 | CLSA | Initiate | Outperform | $23.80 | ||
| May 12, 2026 | UBS | Target | $19 | $23 | ||
| May 4, 2026 | Goldman Sachs | Target | $19 | $21 | ||
| Apr 8, 2026 | Griffin | Target | $23.80 | $24.40 | ||
| Feb 19, 2026 | Barclays | Target | $30 | $23 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 21, 2026Q2 FY26 | $0.31 | $0.42 | +35.5% | $3.59B | $3.61B | +0.7% | +4.47% |
| May 19, 2026Q1 FY26 | $0.14 | $0.20 | +42.9% | $2.70B | $2.74B | +1.4% | −3.47% |
| Mar 16, 2026Q4 FY25 | $0.10 | $0.07 | −33.1% | $3.17B | $3.17B | 0.0% | +0.65% |
| Nov 10, 2025Q3 FY25 | $0.16 | $0.16 | 0.0% | $3.12B | $3.24B | +3.7% | +1.74% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.47B | $3.87B | $3.43B | $3.30B | $2.81B | $3.64B | |
| Gross profit | $717.3M | $848.1M | $734.3M | $707.7M | $678.5M | $1.04B | |
| Operating income | $87.9M | $210.4M | $103.0M | $68.1M | $189.4M | $449.0M | |
| Net income | $127.3M | $193.6M | $111.5M | $13.1M | $186.8M | $389.2M | |
| Diluted EPS | $0.11 | $0.17 | $0.10 | $0.01 | $0.17 | $0.35 | |
| Gross margin | 20.7% | 21.9% | 21.4% | 21.4% | 24.1% | 28.6% | |
| Operating margin | 2.5% | 5.4% | 3.0% | 2.1% | 6.7% | 12.3% |
Fiscal years (4-quarter sums)FY21 $12.02B · FY22 $9.03B · FY23 $11.57B · FY24 $13.91B · FY25 $14.07B
Balance sheet, Jun 30, 2026Cash & short-term investments $8.34B · Total debt $2.14B · Total assets $16.73B · Shareholders' equity $9.75B
Dividends
Last cut to $0.276 from $0.36 in Apr 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Apr 8, 2026 | Apr 8 | Apr 24 | $0.276 | cut from $0.36 |
| Apr 9, 2025 | Apr 9 | Apr 25 | $0.36 | raised from $0.351 |
| Apr 4, 2024 | Apr 5 | Apr 24 | $0.351 | |
| Sep 14, 2023 | Sep 15 | Oct 3 | $0.171 | special dividend |
Ownership
Shares outstanding 1.10B · Float 1.06B · 95.6% free float
Insiders — filings are in the shares behind the receipt.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| ZHU Yan | 849.64M | 24.70% | 13D | Aug 18, 2026 |
| Baihui Partners L.P. | 849.60M | 24.70% | 13D | Aug 18, 2026 |
| Tencent Holdings Limited | 295.19M | 8.70% | 13D | Sep 30, 2025 |
| Price T Rowe Associates Inc /MD/ | 12.03M | 1.09% | 13F | Aug 14, 2026 |
| Wellington Management Group LLP | 8.92M | 0.81% | 13F | Aug 14, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Fangdd Network Group (ADR)
Digital rival in housing transactions, broker SaaS, and developer sales
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| KE (ADR) | $18.32 | −0.03% | $20.24B | 29.4 | 19.0 | 1.5 | −0.4% |
| Fangdd Network Group (ADR) | $0.8570 | −9.67% | $7.7M | — | — | 0.1 | — |
| Median | — | — | 0.1 | — |