Jun 2026 (Q2 FY26) — Aug 25, 2026
Kanzhun Limited Q2 FY26 — Strong Profitability and Shareholder Returns
Read the full callKanzhun (BZ) earnings
- Dec 2022
- Jun 2026 (Q2 FY26)
- Dec 2025
Kanzhun earnings: last reported Tue, 25 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | Quarterly, as filed | Quarter to Dec 2022 | Not in the filed figures for the quarter to dec 2022. No older figure is substituted. | ||
| Operating margin | Operating profit / revenue | Quarter to Dec 2022 | Not in the filed figures for the quarter to dec 2022. No older figure is substituted. | ||
| Net profit | -276 | Quarterly, as filed | Quarter to Dec 2022 | Profit after tax as filed. No quarter a year earlier is in the series, so no change is shown. |
Guidance
What management said, and what became of it
13 of 15 judged targets kept · 8 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Total revenues | between RMB 2.38 billion and RMB 2.42 billion | Mar 2026 | Our revenue achieved accelerated trend reaching RMB 2.4 billion, representing 14% year-on-year growth. | Achieved |
| Adjusted operating margin | slightly increase | Dec 2025 | for the full year, as we expected at the beginning of this year, our overall adjusted operating margin can still slightly increase. | On Track |
| Newly verified users | at least 35 million | Sep 2025 | Looking ahead, we believe that achieving over 14 million early verified users for the full year should be achievable. | Revised Down |
2 of Kanzhun Ltd's 23 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 20 more targets are in the full ledger.
Claimed
- Revenue grew 14% year-on-year to RMB 2.4 billion.
- Adjusted operating margin expanded by 1.9 percentage points year-on-year to a record high of 43.8%.
- Total shareholder returns (share repurchase + dividend) exceeded $530 million, representing over 100% of last year's adjusted net income.
- Number of paid enterprise customers increased by 11% year-on-year to 7.2 million (trailing 12 months).
- Gross margin increased by 1.6 percentage points year-on-year to 87%.
Qualified
- Net cash provided by operating activities decreased by 10% year-on-year to RMB 945 million, primarily due to higher advertising, marketing, and tax payments.
- Sales and marketing expenses increased by 38% year-on-year to RMB 581 million, mainly due to the FIFA World Cup marketing campaign.
Price
$16.69 −0.30% · −$0.05
Performance −23.0% 1Y
1Y: $21.68 on 17 Oct 2025 → $16.69. High $22.6 (3 Nov 2025), low $12.65 (25 Jun 2026).
- Previous close
- $16.74
- 52-week range
- $12.65 – $22.6
- One year
- −24.85%
Overview
- Symbol
- BZ
- Sector
- Information Technology
- Industry
- Services-Computer Programming, Data Processing, Etc.
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
13 of 15 judged targets kept · 8 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Total revenues | between RMB 2.38 billion and RMB 2.42 billion | Mar 2026 | Our revenue achieved accelerated trend reaching RMB 2.4 billion, representing 14% year-on-year growth. | Achieved |
| Adjusted operating margin | slightly increase | Dec 2025 | for the full year, as we expected at the beginning of this year, our overall adjusted operating margin can still slightly increase. | On Track |
| Newly verified users | at least 35 million | Sep 2025 | Looking ahead, we believe that achieving over 14 million early verified users for the full year should be achievable. | Revised Down |
Claimed
- Revenue grew 14% year-on-year to RMB 2.4 billion.
- Adjusted operating margin expanded by 1.9 percentage points year-on-year to a record high of 43.8%.
- Total shareholder returns (share repurchase + dividend) exceeded $530 million, representing over 100% of last year's adjusted net income.
- Number of paid enterprise customers increased by 11% year-on-year to 7.2 million (trailing 12 months).
- Gross margin increased by 1.6 percentage points year-on-year to 87%.
Qualified
- Net cash provided by operating activities decreased by 10% year-on-year to RMB 945 million, primarily due to higher advertising, marketing, and tax payments.
- Sales and marketing expenses increased by 38% year-on-year to RMB 581 million, mainly due to the FIFA World Cup marketing campaign.
The full ledger
Open Kanzhun Ltd’s full ledger
A free account opens 5 company ledgers a month. All 23 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 20, 2026
Kanzhun Limited Q1 FY26 — Strong User Growth and AI-Driven Efficiency
Read the full callDec 2025 (Q4 FY25) — Mar 18, 2026
Kanzhun Q4 FY25 — Strong User Growth, AI Progress, and Enhanced Shareholder Returns
Read the full callEvery analysed call
Kanzhun earnings calls (BZ)
Financials
What the filings say
| Line item | Dec 2022 |
|---|---|
| Operating profit | -230 |
| Profit before tax | -317 |
| Tax rate | 12.8% |
| Net profit | -276 |
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Equity capital | — | — | — | 1 | 0 | 0 | 0 |
| Reserves | — | -2,622 | -580 | -520 | -351 | -126 | 175 |
| Total liabilities | — | 1,796 | 466 | 462 | 635 | 596 | 642 |
| Fixed assets | — | 191 | 58 | 100 | 253 | 238 | 178 |
| Investments | — | 536 | 139 | 501 | 495 | 910 | 1,351 |
| Total assets | — | 5,083 | 2,141 | 2,150 | 2,527 | 2,646 | 3,513 |
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -15 | 396 | 258 | 145 | 429 | 485 | 651 |
| Cash from investing | -176 | 467 | -94 | -408 | -1,400 | -276 | -659 |
| Cash from financing | 143 | 2,882 | 1,009 | -97 | -59 | -200 | 237 |
| Net cash flow | — | 3,591 | 7,344 | -231 | -1,025 | 11 | 222 |
| Capital expenditure | -9 | -138 | -41 | -49 | -135 | -117 | -17 |
| Free cash flow | -24 | 258 | 217 | 96 | 295 | 368 | 634 |
Insider filings
38 filings between Mar 18, 2026 and Sep 21, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$123.05M
17 sales by 6 insiders
12% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 17
- Option exercise — converted options into shares
Also filed: 4 other filings.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Zhao Peng Jonathan | — | $116.96M | Sep 21, 2026 |
| Chen Xu | — | $5.03M | Sep 10, 2026 |
| Mu Yang | — | $569.6K | Sep 17, 2026 |
| WANG Xiehua | — | $487.0K | Jun 16, 2026 |
| Wang Wenbei | — | $5.6K | Mar 30, 2026 |
| Sun Yonggang | — | $3.7K | Jun 16, 2026 |
Latest filings (38)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 21, 2026 | Zhao Peng Jonathan Chief Executive Officer | Sale | 10,710,440 | $77.63M |
| Sep 21, 2026 | Zhao Peng Jonathan Chief Executive Officer | Sale | 4,459,560 | $32.32M |
| Sep 17, 2026 | Zhao Peng Jonathan Chief Executive Officer | Other | 1,635,480 | $0 |
| Sep 17, 2026 | Zhao Peng Jonathan Chief Executive Officer | Other | 1,635,480 | $0 |
| Sep 17, 2026 | Mu Yang Director | Option exercise | 122,500 | — |
| Sep 17, 2026 | Wang Wenbei Deputy Chief Financial Officer | Option exercise | 65,000 | — |
| Sep 17, 2026 | Mu Yang Director | Sale | 60,704 | $452.7K |
| Sep 11, 2026 | Zhao Peng Jonathan Chief Executive Officer | Sale | 359,600 | $2.98M |
| Sep 10, 2026 | Zhao Peng Jonathan Chief Executive Officer | Sale | 384,000 | $3.14M |
| Sep 10, 2026 | Chen Xu Chief Marketing Officer | Option exercise | 200,000 | $100.0K |
| Sep 10, 2026 | Chen Xu Chief Marketing Officer | Sale | 200,000 | $1.63M |
| Sep 4, 2026 | Chen Xu Chief Marketing Officer | Sale | 400,000 | $3.40M |
| Sep 4, 2026 | Chen Xu Chief Marketing Officer | Option exercise | 400,000 | $200.0K |
| Jun 16, 2026 | WANG Xiehua Director | Option exercise | 150,000 | — |
| Jun 16, 2026 | WANG Xiehua Director | Sale | 71,288 | $486.2K |
| Jun 16, 2026 | Wang Wenbei Deputy Chief Financial Officer | Option exercise | 25,000 | — |
| Jun 16, 2026 | Liu Hongyu Director | Option exercise | 4,212 | — |
| Jun 16, 2026 | Sun Yonggang Director | Option exercise | 4,212 | — |
| Jun 16, 2026 | Sun Yonggang Director | Sale | 548 | $3.7K |
| Jun 16, 2026 | Chen Xu President | Sale | 84 | $573 |
| Jun 16, 2026 | Chen Xu President | Option exercise | 370 | — |
| Jun 12, 2026 | Zhao Peng Jonathan Chief Executive Officer | Other | 3,183,680 | $0 |
| Jun 12, 2026 | Zhao Peng Jonathan Chief Executive Officer | Other | 3,183,680 | $0 |
| Mar 30, 2026 | Wang Wenbei Deputy Chief Financial Officer | Option exercise | 54,242 | — |
| Mar 30, 2026 | Wang Wenbei Deputy Chief Financial Officer | Sale | 814 | $5.4K |
| Mar 30, 2026 | Mu Yang Director | Option exercise | 40,000 | — |
| Mar 30, 2026 | Zhang Kylen Tao Chief Technology Officer | Option exercise | 24,008 | — |
| Mar 30, 2026 | Mu Yang Director | Sale | 16,968 | $113.5K |
| Mar 20, 2026 | Wang Wenbei Deputy Chief Financial Officer | Sale | 20 | $134 |
| Mar 20, 2026 | Wang Wenbei Deputy Chief Financial Officer | Option exercise | 4,308 | — |
| Mar 20, 2026 | Mu Yang Director | Option exercise | 3,910 | — |
| Mar 20, 2026 | Chen Xu President | Option exercise | 4,702 | — |
| Mar 20, 2026 | Zhang Kylen Tao Chief Technology Officer | Option exercise | 27,450 | — |
| Mar 20, 2026 | WANG Xiehua Director | Sale | 116 | $777 |
| Mar 20, 2026 | WANG Xiehua Director | Option exercise | 1,504 | — |
| Mar 20, 2026 | Mu Yang Director | Sale | 510 | $3.4K |
| Mar 19, 2026 | Zhao Peng Jonathan Chief Executive Officer | Sale 10b5-1 plan | 64,000 | $431.7K |
| Mar 18, 2026 | Zhao Peng Jonathan Chief Executive Officer | Sale 10b5-1 plan | 64,000 | $447.0K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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