The accelerating revenue growth, record user metrics, and margin expansion confirm strong operational momentum. The $230M dividend and >$300M in YTD buybacks signal robust cash returns. Watch for continued AI monetization and FIFA World Cup campaign ROI in H2 2026.
Price Chart
Executive Summary
Kanzhun Ltd (BZ) reported strong Q2 2026 results with revenue up 14.1% YoY to RMB 2.4B and adjusted net income up 9.4% to RMB 1.03B, driven by paid enterprise customer growth (+10.8% to 7.2M) and record MAU of 70.2M (+10.4%). The company also declared a ~$230M annual dividend and guided Q3 revenue growth of 11.4%-15.6%, reinforcing its strong cash generation and shareholder return commitment.
Key Facts
- Revenue grew 14.1% YoY to RMB 2,398.6M ($353.5M) in Q2 2026.
- Adjusted net income rose 9.4% YoY to RMB 1,029.2M ($151.7M).
- Average monthly active users (MAU) hit a record 70.2M, up 10.4% YoY.
- Paid enterprise customers in the trailing twelve months reached 7.2M, up 10.8% YoY.
- Declared an annual cash dividend of ~$230M ($0.510/ADS), payable Oct 2026.
- Q3 2026 revenue guidance of RMB 2.41B-2.50B implies 11.4%-15.6% YoY growth.
- Operating margin expanded 5.0 percentage points YoY to ~36%.
Financial Impact
Revenue +14.1% YoY, adjusted net income +9.4% YoY, $230M dividend declared
Risk Factors
- China macro uncertainty could slow enterprise hiring demand
- Increased sales & marketing spend (+38.3% YoY) for World Cup may pressure near-term margins
- Investment income volatility from fair value changes of investee stakes
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001104659-26-100537 |
| Document: 0001104659-26-100537-index-headers.html | 0001104659-26-100537 |
| Document: 0001104659-26-100537-index.html | 0001104659-26-100537 |
| Document: 0001104659-26-100537.txt | 0001104659-26-100537 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 6-K | $16.46 | awaiting T+60 | — | $16.59 (+0.82%) |
Oct 21, 2026 5d ago | Institutional Cluster | $16.41 | awaiting T+60 | — | $16.59 (+1.13%) |
Oct 7, 2026 19d ago | 6-K | $15.18 | awaiting T+60 | — | $16.59 (+9.32%) |
Oct 2, 2026 25d ago | 6-K | $14.83 | awaiting T+60 | — | $16.59 (+11.90%) |
Sep 22, 2026 5w ago | Press Release | $14.28 | awaiting T+60 | — | $16.59 (+16.18%) |
Sep 21, 2026 5w ago | Press Release | $14.82 | awaiting T+60 | — | $16.59 (+11.98%) |
Sep 18, 2026 5w ago | Insider Cluster | $14.44 | awaiting T+60 | — | $16.59 (−14.92%) |
Sep 18, 2026 5w ago | Insider Cluster | $13.92 | awaiting T+60 | — | $16.59 (−19.23%) |
Sep 14, 2026 6w ago | Insider Cluster | $14.49 | awaiting T+60 | — | $16.59 (+14.51%) |
Sep 11, 2026 6w ago | 6-K | $15.45 | awaiting T+60 | — | $16.59 (+7.41%) |
US Market Status
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