Kanzhun Limited (NASDAQ: BZ; HK: 2076) completed a share repurchase of 744,334 ordinary shares on March 30, 2026, spending approximately RMB34.5 million. The transaction was announced on March 31, 2026 and was executed on the Nasdaq exchange.
The buyback increased Kanzhun’s year‑to‑date repurchase total to more than RMB576 million, underscoring the company’s ongoing commitment to returning capital to shareholders.
The repurchase is part of a broader capital allocation strategy that was updated in March 2026. Kanzhun now plans to allocate at least 50 % of its adjusted net income from the previous fiscal year to dividends and share buybacks over the next three years, beginning in 2026. The company also expanded its share‑repurchase authorization to US$400 million, effective through August 28, 2027, up from the prior US$250 million cap that had been extended through August 28, 2026.
Kanzhun’s strong financial performance in the fourth quarter of 2025—revenue of RMB2,078.53 million, up 14.0 % YoY, and net income rising 71.7 % YoY—provides a solid foundation for the expanded capital return program. The company’s AI‑driven platform has accelerated user growth, with average monthly active users increasing 14.5 % in 2025, and has helped the firm maintain high operating and net margins of 40.8 % and 43.6 % respectively.
Jonathan Peng Zhao, Founder, Chairman and CEO, said, “Throughout 2025, the Company achieved steady and high‑quality growth. The recruitment market showed signs of a structural recovery over the year; while further penetrating the blue‑collar sector, the development of emerging technologies such as AI drove growth and recovery in recruitment demand within white‑collar technical industries.”
Investors have responded cautiously to the announcement, with some concerns about valuation and the tempered guidance for Q1 2026, which projects revenue growth of 6.6 % to 8.4 % YoY. The company’s commitment to returning at least half of adjusted net income to shareholders signals confidence in its long‑term cash‑flow generation, while the expanded buyback authorization provides flexibility to capitalize on future opportunities.
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