贝壳控股BEKE财报
NYSE · 房地产 · 房地产代理与管理（为他人）
贝壳控股是中国领先的线上线下一体化居住服务平台，旗下运营贝壳找房等品牌，业务覆盖二手房交易经纪、新房代理销售、房屋租赁、家装改造及居住相关金融咨询服务，可满足消费者全周期居住需求。
营收
$3.2B
毛利润
$664.3M
营业利润
$81.4M
净利润
$117.9M
毛利率
20.7%
营业利润率
2.5%
净利率
3.7%
同比增长
N/A
资金流向
贝壳控股 Q1 2025 财务摘要
贝壳控股 Q1 2025营收 $3.2B，净利润 $117.9M（净利率 3.7%）。销售成本 $2.6B，运营费用 $583.0M。
核心财务指标
| 总营收 | $3.2B |
|---|---|
| 净利润 | $117.9M |
| 毛利率 | 20.7% |
| 营业利润率 | 2.5% |
| 报告期 | Q1 2025 |
营收拆解
贝壳控股 Q1 2025营收 $3.2B 共来自 5 个业务板块，最大板块 New home transaction services 贡献 $1.1B（占 34.6%）。
| 业务分部 | 营收 | 占比 |
|---|---|---|
| New home transaction services | $1.1B | 34.6% |
| Existing home transaction services | $946.8M | 29.5% |
| Home rental services | $701.1M | 21.8% |
| Home renovation and furnishing | $405.9M | 12.6% |
| Emerging and other services | $48.2M | 1.5% |
贝壳控股 分部营收 — 季度趋势
贝壳控股 过去 4 个季度各业务板块营收走势，展示 New home transaction services and Existing home transaction services 等业务的变化。
| 业务分部 | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 |
|---|---|---|---|---|
| New home transaction services | $932.6M | $1.2B | $1.1B | $1.1B |
| Existing home transaction services | $841.5M | $938.0M | $946.8M | $885.9M |
| Home rental services | $804.4M | $792.1M | $701.1M | $561.6M |
| Home renovation and furnishing | $604.0M | $637.3M | $405.9M | $600.4M |
| Emerging and other services | $55.6M | $60.3M | $48.2M | $69.4M |
贝壳控股 季度营收与净利润历史
贝壳控股 最近 8 个季度的营收、净利润及同比增速
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 2025 | $3.2B | — | $104.9M | 3.2% |
| Q2 2025 | $3.6B | — | $182.4M | 5.0% |
| Q1 2025 | $3.2B | — | $117.9M | 3.7% |
| Q3 2024 | $3.2B | — | $166.5M | 5.2% |
| Q2 2024 | $3.2B | — | $261.5M | 8.1% |
| Q1 2024 | $2.3B | — | $59.8M | 2.6% |
| Q3 2023 | $2.4B | — | $160.4M | 6.6% |
| Q2 2023 | $2.7B | — | $179.2M | 6.7% |
利润表
| Q2 2023 | Q3 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| 营收 | $2.69B | $2.44B | $2.27B | $3.22B | $3.22B | $3.21B | $3.63B | $3.24B |
| 同比增长 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
资产负债表
| Q2 2023 | Q3 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| 总资产 | $16.19B | $16.23B | $16.48B | $16.86B | $17.50B | $18.00B | $17.27B | $16.76B |
| 总负债 | $6.15B | $6.36B | $6.91B | $7.13B | $7.40B | $8.50B | $7.66B | $7.21B |
| 股东权益 | $10.04B | $9.86B | $9.57B | $9.73B | $10.10B | $9.50B | $9.61B | N/A |
现金流量表
| Q3 2023 | Q3 2024 | Q1 2025 | |
|---|---|---|---|
| 经营性现金流 | $268.2M | $64.0M | $-546.4M |