Kanzhun H1 2026 Net Income Soars 151% on Zhipu IPO Gain; Declares $230M Annual Dividend
BZ sits 30% above its 52-week low of $12.57 on elevated volume (3.7× avg).
Summary
Kanzhun reported H1 2026 revenue up 11% and net income up 151%, boosted by a RMB2.08B non-cash gain on its Zhipu investment, and declared a ~US$230M annual dividend.
Key Events · Earnings and Guidance · BZ
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H1 2026 Revenue Up 11%, Net Income Up 151%
Revenue reached RMB4,467.4M (+11.0% YoY) and net income hit RMB3,068.1M (+150.8% YoY), driven by paid enterprise customer growth and a RMB2,080.2M unrealized fair value gain on the Zhipu investment.
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Zhipu IPO Gain Inflates Headline Profit
The RMB2,080.2M non-cash fair value gain on Kanzhun's 0.3% stake in Z.AI Co., Ltd. (Zhipu) following its January 2026 IPO accounted for most of the net income surge; adjusted net income grew only 10.6% to RMB1,885.4M.
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First Annual Dividend Declared: ~US$230M
Board approved US$0.255 per ordinary share / US$0.510 per ADS, payable to holders of record on September 28, 2026, with payment expected October 6 (ordinary shares) and October 14 (ADSs), 2026.
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Shareholder Returns Exceed 100% of Prior-Year Adjusted Net Income
The ~US$230M dividend plus over US$300M in share buybacks year-to-date brings total shareholder returns above 100% of 2025 adjusted net income, supported by RMB18.8B in cash and zero debt.
Analysis · BZ · Technology
Kanzhun delivered accelerating revenue growth of 11% and a 151% surge in net income, but the headline profit is inflated by a RMB2.08 billion non-cash fair value gain on its Zhipu stake following that company's January IPO. Excluding that one-time item, adjusted net income grew a more modest 10.6%. The board also declared its first annual dividend of approximately US$230 million, funded by surplus cash, with a record date of September 28, 2026. Combined with over US$300 million in buybacks year-to-date, total shareholder returns already exceed 100% of the prior year's adjusted net income — a strong capital-return signal for a company with RMB18.8 billion in cash and no debt.
How filings like this one have moved
In the 30 days to Aug 25, 2026, 37.4% of the 3413 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, BZ was trading at $16.29 on NASDAQ in the Technology sector, with a market capitalization of approximately $7.6B. The 52-week trading range was $12.57 to $25.26. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.