Kanzhun Limited (NASDAQ: BZ; HK: 2076) completed a share repurchase on April 27 2026, buying 588,046 ordinary shares for approximately RMB27.3 million. The transaction is part of the company’s ongoing buyback program, which has now run for 26 consecutive trading days and brings the year‑to‑date repurchase total to nearly RMB1.07 billion.
The company’s cash reserves stood at RMB19.9 billion as of December 31 2025, giving it ample liquidity to fund the program. Kanzhun’s capital‑allocation policy commits to returning at least 50 % of adjusted net income to shareholders through dividends and buybacks. In March 2026 the board increased the buyback authorization to US$400 million through August 28 2027, following earlier amendments in August 2024 and August 2025 that extended the program and raised the authorization limit.
Prior to the April 27 transaction, Kanzhun repurchased 597,224 shares on April 23 and had conducted additional buybacks earlier in April, with share counts ranging from 580,426 to 579,118 shares. These incremental purchases keep the program steady and avoid large, one‑off market impacts while maintaining a consistent cadence that signals confidence in the company’s cash‑flow generation.
Kanzhun’s strong financial performance underpins the buyback. Revenue in 2025 rose 12.4 % to RMB8.27 billion, net income climbed 71.7 % to RMB2.69 billion, and adjusted net income increased 32.9 % to RMB3.6 billion. The company is also investing heavily in artificial intelligence to enhance its recruitment platform and is expanding user growth in blue‑collar and lower‑tier city segments, which supports future revenue growth and justifies the capital return strategy.
The share repurchase program demonstrates management’s confidence in Kanzhun’s long‑term prospects and its ability to generate excess cash. By returning capital to shareholders while continuing to invest in AI and user expansion, Kanzhun balances short‑term value creation with long‑term growth initiatives.
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