Key Highlights

  • Net revenues were RMB 24,539.5 million in the second quarter of 2026, a 5.7% decline from RMB 26,010.6 million, though total gross transaction value advanced 6.3%.
  • Second-quarter Net Income of RMB 2,623.9 million rose 100.8% from RMB 1,306.6 million, lifting the gross Margin to 28.6% from 21.9% a year earlier.
  • Total gross transaction value reached RMB 933.8 billion for the quarter, with existing home Volume of RMB 629.9 billion rising 8.0% year over year.
  • Unaudited third quarter results are scheduled for release before the U.S. market opens on November 16, 2026, with the call starting that day.

Timing of KE Holdings (NYSE:BEKE) Third Quarter Release on November 16, 2026

KE Holdings (NYSE:BEKE), known as Beike in China, will publish unaudited third quarter 2026 figures ahead of the U.S. open on Monday, November 16, 2026. Shares are listed on the NYSE and, under code 2423, in Hong Kong, while the market Capitalization is roughly USD 19.3 billion. For the baseline, the second quarter showed net revenues of RMB 24,539.5 million, Operating Income reached RMB 3,026.2 million, up from RMB 1,059.5 million a year earlier; adjusted net income was RMB 3,185 million, a 74.9% rise from RMB 1,821 million.

Management Commentary and Agent Trends at KE Holdings (NYSE:BEKE)

For KE Holdings (NYSE:BEKE), existing home GTV climbed 8.0% to RMB 629.9 billion from RMB 583.5 billion, and new home GTV edged up 1.2%, reaching RMB 258.4 billion against RMB 255.4 billion. Ordinary shareholders were attributed RMB 2,622.9 million of net income. CFO Tao Xu credited a recovery in the scale of housing transaction services alongside further profit gains, while Chairman and CEO Stanley Yongdong Peng described the operating base as stronger. The store count finished the quarter at 60,274, down 0.4%, with 57,803 active, while agents fell 3.1% to 540,634. Mobile monthly active users stood at 45.7 million compared with 48.7 million a year earlier.

Cash Cushion and Buyback Pace at KE Holdings (NYSE:BEKE)

At KE Holdings (NYSE:BEKE), cash, cash equivalents, restricted cash and short-term investments totalled RMB 56.0 billion, or USD 8.3 billion, at June 30, 2026. During the second quarter, share purchases of roughly USD 250 million took place, the first of them in Hong Kong. Since the program began, about 185.4 million ADSs have been bought for approximately USD 2,967.7 million, inside an authorization capped at USD 5 billion and running until August 31, 2028. Risks include a 7.5% fall in active agents to 454,571, a 5.7% Revenue decline, uneven new home Demand and commission income that tracks housing policy and transaction volumes.

Where Things Stand

KE Holdings (NYSE:BEKE) reports on November 16, 2026 after a quarter in which revenue shrank while profit more than doubled. Revenue slipped 5.7%, landing at RMB 24,539.5 million, but net income increased 100.8% to RMB 2,623.9 million as gross margin widened 6.7 percentage points, a calculated gap between 28.6% and 21.9%. Transaction volume rose 6.3% to RMB 933.8 billion, led by existing homes. The RMB 56.0 billion cash pile and an authorization for up to USD 5 billion of Buybacks support capital returns, though a shrinking agent base and monthly users down to 45.7 million are issues management will need to address.