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Side-by-side financial comparison of KE Holdings Inc. (BEKE) and XP Inc. (XP). Click either name above to swap in a different company.
XP Inc. is the larger business by last-quarter revenue ($13.5B vs $3.2B, roughly 4.2× KE Holdings Inc.). KE Holdings Inc. runs the higher net margin — 3.2% vs 0.0%, a 3.2% gap on every dollar of revenue.
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.
XP Inc. is a Brazilian investment management company. The company offers fixed income, equities, investment funds, and private pension products, as well as offers wealth management and other financial services. XP serves customers in Brazil and has offices in São Paulo, Rio de Janeiro, New York, Miami, London and Geneva.
BEKE vs XP — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.2B | $13.5B |
| Net Profit | $104.9M | $22.0K |
| Gross Margin | 21.4% | — |
| Operating Margin | 2.6% | 1.1% |
| Net Margin | 3.2% | 0.0% |
| Revenue YoY | — | — |
| Net Profit YoY | — | — |
| EPS (diluted) | — | $536884.00 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.6B | $13.5B | ||
| Q2 25 | — | $8.8B | ||
| Q1 25 | $3.2B | $4.3B | ||
| Q3 24 | $3.2B | $12.6B | ||
| Q2 24 | $3.2B | $8.3B | ||
| Q1 24 | $2.3B | $4.1B | ||
| Q3 23 | $2.4B | — |
| Q4 25 | $104.9M | — | ||
| Q3 25 | $182.4M | $22.0K | ||
| Q2 25 | — | $22.0K | ||
| Q1 25 | $117.9M | $22.0K | ||
| Q3 24 | $166.5M | $21.0K | ||
| Q2 24 | $261.5M | $21.0K | ||
| Q1 24 | $59.8M | $21.0K | ||
| Q3 23 | $160.4M | — |
| Q4 25 | 21.4% | — | ||
| Q3 25 | 21.9% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 20.7% | — | ||
| Q3 24 | 22.7% | — | ||
| Q2 24 | 27.9% | — | ||
| Q1 24 | 25.2% | — | ||
| Q3 23 | 27.4% | — |
| Q4 25 | 2.6% | — | ||
| Q3 25 | 4.1% | 1.1% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | 2.5% | 1.1% | ||
| Q3 24 | 3.2% | 1.0% | ||
| Q2 24 | 8.6% | 0.9% | ||
| Q1 24 | 0.1% | 1.0% | ||
| Q3 23 | 5.1% | — |
| Q4 25 | 3.2% | — | ||
| Q3 25 | 5.0% | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | 3.7% | 0.0% | ||
| Q3 24 | 5.2% | 0.0% | ||
| Q2 24 | 8.1% | 0.0% | ||
| Q1 24 | 2.6% | 0.0% | ||
| Q3 23 | 6.6% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $536884.00 | ||
| Q2 25 | — | $537811.00 | ||
| Q1 25 | — | $539533.00 | ||
| Q3 24 | — | $550958.00 | ||
| Q2 24 | — | $554030.00 | ||
| Q1 24 | — | $556675.00 | ||
| Q3 23 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.3B | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $20.0B |
| Total Assets | $16.8B | $347.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $1.8B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $2.5B | — | ||
| Q3 23 | $2.2B | — |
| Q4 25 | — | — | ||
| Q3 25 | $9.6B | $20.0B | ||
| Q2 25 | — | $20.0B | ||
| Q1 25 | $9.5B | $20.0B | ||
| Q3 24 | $10.1B | $19.5B | ||
| Q2 24 | $9.7B | $19.5B | ||
| Q1 24 | $9.6B | $19.5B | ||
| Q3 23 | $9.9B | — |
| Q4 25 | $16.8B | — | ||
| Q3 25 | $17.3B | $347.5B | ||
| Q2 25 | — | $347.5B | ||
| Q1 25 | $18.0B | $347.5B | ||
| Q3 24 | $17.5B | $249.0B | ||
| Q2 24 | $16.9B | $249.0B | ||
| Q1 24 | $16.5B | $249.0B | ||
| Q3 23 | $16.2B | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BEKE
| New home transaction services | $932.6M | 29% |
| Existing home transaction services | $841.5M | 26% |
| Home rental services | $804.4M | 25% |
| Home renovation and furnishing | $604.0M | 19% |
| Emerging and other services | $55.6M | 2% |
XP
Segment breakdown not available.
