Kanzhun Ltd.

Kanzhun Ltd reported second-quarter 2026 revenue of RMB2.4 billion, up 14% year over year, with adjusted operating margin reaching a record 43.8%. Paying enterprise customers rose 11% to 7.2 million, and monthly active users exceeded 70 million. Net income surged 173% to RMB1.9 billion, boosted by investment income from a portfolio company's IPO, while adjusted net income grew 9% to RMB1.03 billion. The company declared an annual dividend of $230 million and completed $300 million in share repurchases year-to-date, totaling over $530 million in 2026. Sales and marketing expenses jumped 38% due to FIFA World Cup sponsorship, and Q3 revenue growth guidance of 11.4%-15.6% suggests macro headwinds. CEO Jonathan Peng Zhao highlighted AI-driven features, including over 10,000 daily AI interviews, and outlined overseas expansion plans for OfferToday targeting $100-115 million in revenue within five years.

BOSS Zhipin announced that its share repurchases in the first half of 2026 have surpassed RMB2.06 billion, including a near RMB20 million buyback of 464,814 ordinary shares on June 30, 2026. The company's board had amended the repurchase program on March 18, 2026, raising the total authorization to up to US$400 million through August 28, 2027. Additionally, starting in 2026, the company will allocate no less than 50% of the preceding fiscal year's adjusted net income for dividends and share repurchases each year for three years.

BOSS Zhipin's share repurchases in 2026 have exceeded RMB1.99 billion, following a near RMB34 million buyback of 777,884 ordinary shares on June 25. The company's board had amended the repurchase program on March 18, 2026, raising the total authorization to up to US$400 million through August 28, 2027. Also on March 18, the company committed to allocating at least 50% of the preceding fiscal year's adjusted net income for dividends and share repurchases each year starting from 2026.

Bernstein upgraded Kanzhun Limited to Outperform from Market Perform and raised its price target to $18 from $16.50, citing supportive high-frequency data for billings growth and the company's use of AI to sell candidate matches at higher rates. The upgrade follows Kanzhun's first-quarter 2026 results, which showed revenue of RMB2,068.8 million, up 7.6% year-on-year, and net income of RMB1,125.8 million, a 119.8% jump partly driven by investment gains. Total paid enterprise customers reached 7.1 million over the trailing twelve months, up 10.9%, while average monthly active users rose 5.7% to 60.9 million. For the second quarter, the company guided for revenue between RMB2.38 billion and RMB2.42 billion, representing year-on-year growth of 13.2% to 15.1%.