Kanzhun net income doubles in Q1 as recruitment platform expands payouts

Kanzhun (NASDAQ:BZ), the online recruitment platform in China operating the BOSS Zhipin mobile application, reported its unaudited financial results for the first quarter ended March 31, 2026.

The performance was characterized by an acceleration in bottom-line profitability, steady user expansion, and an aggressive enhancement of its capital return frameworks.

Total revenues for the first quarter reached RMB2,068.8 million, representing a 7.6% increase compared to the same period in 2025.

The company's net income experienced a significant lift, surging 119.8% year-over-year to RMB1,125.8 million.

Operational profitability also tracked upward, with operating income climbing 41.8% for the three-month period, backed by an 18.6% increase in operating cash flow to RMB1,190.1 million.

The financial expansion was supported by steady engagement across both the corporate and job-seeking segments of the platform.

Kanzhun's paid enterprise customer base grew 10.9% year-over-year to 7.1 million users, while the platform's overall monthly active users (MAUs) reached 60.9 million during the quarter.

Alongside its operating metrics, Kanzhun announced a new comprehensive capital allocation strategy aimed at increasing shareholder returns.

The company's Board of Directors approved a policy to distribute a minimum of 50% of its adjusted net income back to equity holders through a combination of cash dividends and share repurchases over the next three years.

Concurrently, Kanzhun expanded its existing share buyback program, raising its total repurchase authorization to $400 million, effective through August 2027.

Looking ahead, management issued positive top-line revenue guidance for the second quarter of 2026.

The company expects total revenues to range between RMB2.38 billion and RMB2.42 billion, representing an anticipated year-over-year growth rate of 13.2% to 15.1%