KE Holdings (NYSE:BEKE), the leading integrated online and offline platform for housing transactions and services in China, reported its unaudited financial results for the fourth quarter and full year 2025.
Despite a challenging macroeconomic environment for Chinese real estate, the company generated net revenues of RMB 94.6 billion ($13.5 billion) for the year, supported by a total Gross Transaction Value (GTV) of RMB 3,183.3 billion ($455.2 billion).
The company’s annual net income reached RMB 2,991 million ($428 million), reflecting management’s focus on cost optimization and the expansion of its "one-stop" home services ecosystem.
While GTV for existing and new home transactions faced downward pressure during the year, KE Holdings saw significant momentum in its emerging business lines.
Specifically, home rental services revenue surged, as the company’s "Lianjia" and "Deyou" brands successfully captured a shift in consumer demand toward long-term leasing and home renovation.
Meanwhile, KE Holdings demonstrated a strong commitment to shareholder returns throughout the fiscal year.
The company executed approximately $921 million in share repurchases during 2025 and declared a final cash dividend of approximately $0.3 billion.