Kanzhun Limited, the operator of the BOSS Zhipin online recruitment platform, increased the total authorization of its share‑repurchase program to US$400 million and extended the program through August 28, 2027. The board approved the amendment on March 18, 2026, and the company announced the change on March 23, 2026.
The expansion raises the buyback ceiling from the previous $250 million limit that had been in place until August 2026, and adds a new $150 million authorization that had been extended to the same date. The new $400 million cap gives Kanzhun a larger pool of capital to return to shareholders while preserving flexibility for future investment.
On March 20, 2026, Kanzhun used RMB 34.5 million to repurchase 733,918 ordinary shares, a transaction that demonstrates the company’s willingness to deploy cash and supports the share‑price base. The repurchase was executed at an average price of approximately RMB 47 per share, reflecting the company’s confidence in its valuation.
Kanzhun’s Q4 2025 results underpin the buyback expansion. Revenue rose 14.0 % year‑over‑year to RMB 2,078.5 million, while net income surged 55.7 % to RMB 691.8 million. Adjusted net income for the full year 2025 reached RMB 3,602.5 million, up 32.9 % from the prior year, and the company’s cash and investments totaled RMB 19,945.3 million at year‑end. Operating margins improved to 43.3 % in Q4 and 40.8 % for the full year, and gross margin climbed to 85.1 %.
Founder, Chairman and CEO Jonathan Peng Zhao said in the Q4 2025 earnings call that the company “continues to increase shareholder returns, planning to allocate no less than 50 % of the previous year’s adjusted net income annually to share buybacks and dividends over the next three years starting from 2026, while raising the buyback limit to US$400 million. This reflects the Company’s confidence in long‑term growth and its commitment to sharing the benefits of its development with shareholders.” Deputy CFO Wenbei Wang added that the strong financials “deliver quality growth for both top‑line and profitability.” Management also highlighted that the company will “leverage our strong cash position and profitability to invest in future growth initiatives as well as shareholder returns.”
The expanded buyback authorization and the 50 % adjusted net‑income allocation signal a shift toward a more shareholder‑friendly capital structure while maintaining the resources needed to accelerate AI‑driven platform enhancements. By committing a substantial portion of earnings to returns, Kanzhun aims to support its share price and reinforce investor confidence amid a competitive online recruitment market that includes rivals such as 58.com, 51job and Zhilian Zhaopin. The company’s focus on AI‑powered matching for blue‑collar and lower‑tier city talent is expected to drive future revenue growth, while the strong cash position provides a buffer for continued investment and potential opportunistic acquisitions.
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