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Side-by-side financial comparison of KE Holdings Inc. (BEKE) and Vipshop Holdings Ltd (VIPS). Click either name above to swap in a different company.

KE Holdings Inc., operating under the well-known Beike brand, is a leading integrated online and offline residential service platform based in China. It offers a full range of services including second-hand property brokerage, new housing sales agency, home rental, renovation, and related financial consultation to meet diverse housing-related demands of consumers across multiple scenarios.

Vipshop is a Chinese company that operates the e-commerce website VIP.com specializing in online discount sales. Vipshop is based out of Guangzhou, Guangdong, China, and was listed on New York Stock Exchange (NYSE) on March 23, 2012.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BEKE
BEKE
VIPS
VIPS
Q4 25
$3.2B
Q3 25
$3.6B
Q1 25
$3.2B
Q3 24
$3.2B
Q2 24
$3.2B
Q1 24
$2.3B
Q3 23
$2.4B
Q2 23
$2.7B
Net Profit
BEKE
BEKE
VIPS
VIPS
Q4 25
$104.9M
Q3 25
$182.4M
Q1 25
$117.9M
Q3 24
$166.5M
Q2 24
$261.5M
Q1 24
$59.8M
Q3 23
$160.4M
Q2 23
$179.2M
Gross Margin
BEKE
BEKE
VIPS
VIPS
Q4 25
21.4%
Q3 25
21.9%
Q1 25
20.7%
Q3 24
22.7%
Q2 24
27.9%
Q1 24
25.2%
Q3 23
27.4%
Q2 23
27.4%
Operating Margin
BEKE
BEKE
VIPS
VIPS
Q4 25
2.6%
Q3 25
4.1%
Q1 25
2.5%
Q3 24
3.2%
Q2 24
8.6%
Q1 24
0.1%
Q3 23
5.1%
Q2 23
5.5%
Net Margin
BEKE
BEKE
VIPS
VIPS
Q4 25
3.2%
Q3 25
5.0%
Q1 25
3.7%
Q3 24
5.2%
Q2 24
8.1%
Q1 24
2.6%
Q3 23
6.6%
Q2 23
6.7%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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