Kanzhun Limited (NASDAQ: BZ; HK: 2076) completed a share repurchase on March 27 2026, buying 759,056 ordinary shares for approximately RMB34.5 million. The transaction pushed the company’s year‑to‑date repurchase total to more than RMB540 million, underscoring its commitment to returning capital to shareholders.
The repurchase is part of a broader capital‑return strategy approved on March 18 2026, under which Kanzhun will allocate at least 50 % of its adjusted net income to dividends and share buybacks over the next three years (2026‑2028). The company’s share‑repurchase authorization has been increased to US$400 million, valid through August 28 2027, giving management flexibility to deploy cash as opportunities arise.
Kanzhun’s strong financial footing underpins the buyback. Q4 2025 revenue rose 14 % year‑on‑year to RMB2.08 billion, and full‑year 2025 revenue grew 12.4 % to RMB8.27 billion. Adjusted operating profit also increased, providing the cash flow needed to fund the repurchase program while supporting ongoing investment in AI‑driven recruitment solutions.
Market reaction to the announcement has been mixed. Barclays reduced its price target to $19, and Wall Street Zen downgraded the stock to “hold.” Analysts cite valuation compression—an NTM P/E of roughly 10.6×—and concerns about a potential slowdown in growth and margin pressure from AI investments. The capital‑return plan, however, is viewed as a downside‑support mechanism that may temper some of the negative sentiment.
The share repurchase signals management confidence in Kanzhun’s valuation and future prospects. It also reflects a strategic balance between pursuing growth through AI integration and rewarding shareholders, positioning the company to navigate a recovering Chinese recruitment market while maintaining financial flexibility.
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