KE Holdings Inc. (NYSE: BEKE; HKEX: 2423) reported second-quarter net revenues of RMB26.0 billion ($3.6 billion), an increase of 11.3% year-over-year, according to the company's earnings statement.

The Chinese real estate platform's gross transaction value reached RMB878.7 billion ($122.7 billion) in the second quarter, up 4.7% from the previous year. Existing home transactions generated RMB583.5 billion ($81.5 billion) in gross transaction value, while new home transactions contributed RMB255.4 billion ($35.6 billion).

Net income decreased 31.2% year-over-year to RMB1.307 billion ($182 million). The company's adjusted net income fell 32.4% to RMB1.821 billion ($254 million) compared to the same period last year.

The company's platform expanded significantly, with the number of stores reaching 60,546 as of June 30, representing a 31.8% increase from one year ago. The number of agents on the platform grew 21.6% to 557,974.

KE Holdings announced an expansion of its share repurchase program, increasing the authorization from $3 billion to $5 billion and extending the program until August 31, 2028. The company has repurchased approximately $394 million worth of shares in 2025.

Revenue from non-housing transaction services accounted for 41% of total net revenues in the second quarter, marking a record high. Home renovation and furnishing services generated RMB4.6 billion ($0.6 billion), up 13.0% year-over-year, while home rental services produced RMB5.7 billion ($0.8 billion), an increase of 78.0%.

The company's cash, cash equivalents, restricted cash and short-term investments totaled RMB53.1 billion ($7.4 billion) as of June 30, 2025.