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BEKE

$18.07+1.35%

as of close, Oct 16, 2026

☾ AH $18.07 +1.35%

KE Holdings Inc American Depositary Shares (each representing threeStock · Real Estate

PeersWELLPLDAMTEQIXOAGNC

How KE Holdings ADR makes money

Period

FY2025

How does KE Holdings ADR make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

KE Holdings Inc American Depositary Shares (each representing three · FY2025 · year ended 2025-12-31

Revenue$13.2BGross profit$2.8B · 21%Cost of revenue$10.3B · 79%Operating income$294M · 2%Operating expenses$2.5B · 19%R&D$359M · 3%SG&A$1.1B · 9%Selling & marketing$1.0B · 8%Pre-tax income$651M · 5%Other income$358M · 3%Net income$417M · 3%Income tax$235M · 2%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.