BEKE KE Holdings (BEKE) Q1 FY26 earnings call
KE Holdings delivered strong Q1 FY26 profitability, with non-GAAP operating margin hitting a 7-quarter high, driven by cost optimization and efficiency gains across all core businesses. Despite a challenging market and year-over-year revenue decline, the company is undergoing a strategic transformation to enhance decision support for clients and agents through AI and refined operations, aiming for sustainable long-term value creation.
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BEKE operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | This call Mar 2026 Q1 FY26 | Change vs prior quarter |
|---|---|---|---|
| Rental units under management Home rental services | 700K+At the end of Q4, we had over 700,000 rental units under management, a year-on-year increase of around 62%.Source: earnings call transcript | 740K+As of the end of the Q1, the number of rental units under our management exceeded 740,000 units representing an increase of around 47% year-over-year.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.