BZ Kanzhun Limited
Price Chart
Executive Summary
BZ reported Q1 2026 (March quarter) revenue of RMB 2.07B ($300M), +7.6% YoY, and GAAP EPS of RMB 2.49/ADS ($0.36), well above the RMB 1.19/ADS YoY. Adjusted net income was RMB 856M (+12.1% YoY). Q2 2026 guidance of RMB 2.38-2.42B revenue (+13-15% YoY) signals accelerating momentum. An investee IPO contributed RMB 614M non-operating gain; share buybacks totaled ~RMB 1.4B YTD (3% of shares).
Key Financial Metrics
Actionable Insight
Guidance for Q2 (+13-15% YoY revenue growth) is a clear acceleration from Q1's +7.6%, signaling strengthening recruitment demand and monetization. Combined with the new ~50% adjusted net income shareholder return policy and active buybacks, this reinforces positive momentum. Watch the fine print on whether the IPO-related investment gain recurs — stripping that out, adjusted net income grew a solid +12.1% YoY. Monitor any macro headwinds in China that could affect the H2 trajectory.
Key Facts
- Q1 2026 revenue RMB 2,068.8M ($299.9M), +7.6% YoY from RMB 1,923.3M
- GAAP net income RMB 1,125.8M ($163.2M), +119.8% YoY from RMB 512.1M
- Q2 2026 revenue guidance RMB 2.38-2.42B, +13.2% to 15.1% YoY — above the Q1 growth rate
- Adjusted (non-GAAP) net income RMB 856.2M ($124.1M), +12.1% YoY
- Income from operations RMB 623.6M, +41.8% YoY; adjusted operating income RMB 814.6M, +17.8% YoY
- Total paid enterprise customers (TTM) 7.1M, +10.9% YoY; MAU in Q1 60.9M, +5.7% YoY (March MAU exceeded 72M)
- Share buybacks YTD 2026: ~RMB 1.4B for 28M+ ordinary shares (~3% of outstanding)
- Cash & equivalents, short-term deposits and investments: RMB 19,826.5M ($2,874.2M) as of March 31, 2026
- New shareholder return policy: at least 50% of adjusted net income allocated for dividends + buybacks over next 3 years
- Investment income of RMB 614.1M from IPO of investee company (non-operating, one-time)
- GAAP basic EPS per ADS RMB 2.49 vs RMB 1.19 YoY; adjusted basic EPS per ADS RMB 1.91 vs RMB 1.77 YoY
Financial Impact
Q1 revenue +7.6% YoY, accelerating to +13-15% YoY guided for Q2; GAAP net income nearly doubled YoY; operating income +41.8%; adjusted net income +12.1%. Strong operating leverage — total costs -3.0% YoY while revenue grew.
Risk Factors
- China macro/regulatory risk — online recruitment demand is cyclical with hiring sentiment
- Q1 adjusted net income growth (+12.1%) lagged the operating income growth (+41.8%) indicating tax drag and NCI impact
- Investment gain of RMB 614M from IPO of investee is non-recurring — core operating earnings improvement is the driver to watch
- Share count dilution from ongoing buybacks is positive but limited in size (~3% YTD)
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3298353 |
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May 22, 2026
1d ago
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6-K
| — | awaiting T+5 | — | — |
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May 20, 2026
3d ago
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6-K
| $14.11 awaiting T+5 | awaiting T+5 | — | $13.75 (−2.55%) |
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May 20, 2026
3d ago
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Press Release
| $14.11 awaiting T+5 | awaiting T+5 | — | $13.75 (−2.55%) |
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May 19, 2026
4d ago
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6-K
| — | awaiting T+5 | — | — |
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May 15, 2026
8d ago
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6-K
| — | awaiting T+5 | — | — |
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May 14, 2026
9d ago
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6-K
| — | awaiting T+5 | — | — |
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May 14, 2026
9d ago
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Press Release
| — | awaiting T+5 | — | — |
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May 13, 2026
10d ago
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6-K
| $14.74 $14.11 | ▼ −4.27% | ▼ −3.12% | $13.75 (−6.72%) |
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May 12, 2026
11d ago
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6-K
| $14.20 $14.16 | ▼ −0.28% | ▼ −0.36% | $13.75 (−3.17%) |
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May 11, 2026
12d ago
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6-K
| $14.31 $14.16 | ▼ −1.05% | ▼ −0.96% | $13.75 (−3.91%) |
US Market Status
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