KE Holdings H1 2026 Net Income Nearly Doubles to RMB3.9B Despite 12% Revenue Decline
BEKE sits 25% above its 52-week low of $13.81.
Summary
KE Holdings' H1 2026 net income nearly doubled to RMB3.9 billion on aggressive cost cuts, even as revenue fell 12%. The company also repurchased US$450 million in shares and settled its securities class action.
Key Events · Earnings and Guidance · BEKE
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H1 Net Income Nearly Doubles
Net income reached RMB3,879 million for H1 2026, up 79% from RMB2,162 million a year earlier, despite a 12% revenue decline to RMB43.4 billion.
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Margin Expansion Drives Profitability
Gross margin rose 5.3pp to 26.6%; Q2 adjusted income from operations surged 123.6% YoY to RMB3.6 billion, with contribution margins up across all major business lines.
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US$450M Buyback in H1
KE Holdings repurchased approximately US$450 million of shares in H1 2026, bringing cumulative repurchases since September 2022 to US$2.99 billion, or 14.8% of pre-program issued shares.
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US$299M Dividend Paid
A final cash dividend of US$0.092 per ordinary share (US$0.276 per ADS) was paid in April 2026, totaling US$299.3 million.
Analysis · BEKE · Real Estate & Construction
A sharp profitability inflection defined KE Holdings' first half of 2026: net income nearly doubled to RMB3.9 billion even as revenue fell 12% to RMB43.4 billion. The driver was margin expansion—gross margin jumped 5.3 percentage points to 26.6%, and Q2 adjusted operating income rose 123.6% year-over-year. Cost discipline across all business lines, especially home rental and renovation, is fueling the improvement. The company also deployed US$450 million on buybacks in H1, bringing the cumulative program to US$2.99 billion, and paid a US$299 million dividend. The securities class action settled for US$4.95 million, removing a legal overhang.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 30.1% of the 2014 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.11%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BEKE was trading at $17.26 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $19.9B. The 52-week trading range was $13.81 to $20.98. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.