Key Highlights

● Second-quarter Revenue was RMB2,398.6 million, up 14.1%.

● Average monthly active users rose 10.4% to 70.2 million.

● An annual Dividend of US$0.510 per ADS has a Record Date of September 28.

● The buyback authorization was raised to US$400 million.

Kanzhun Limited (NASDAQ:BZ), the operator of the BOSS Zhipin online recruitment platform, arrives in October with fresh shareholder-return details and record user numbers for investors to digest. The company reported that average monthly active users passed 70 million for the first time in its second quarter, and an annual dividend is scheduled to reach ADS holders this month.

Latest Company Context

In its second-quarter 2026 results, released in August, Kanzhun reported revenue of RMB2,398.6 million (about US$353.5 million), up 14.1% year over year. Paid enterprise customers over the Trailing Twelve Months reached 7.2 million, up 10.8%, while average monthly active users rose 10.4% to 70.2 million. Income from operations rose 32.6% to RMB863.2 million. Net Income of RMB1,942.3 million was lifted by a RMB1,466.1 million Fair Value gain on an investee that listed in January 2026; adjusted net income, which excludes such items, was RMB1,029.2 million, up 9.4%. The company announced an annual dividend of US$0.510 per ADS, with a record date of September 28, and raised its buyback authorization to US$400 million.

Key Business Drivers

Kanzhun's model rests on a two-sided marketplace: employers pay for recruitment services, while Job seekers Supply the traffic that makes the platform valuable. Enterprise recruitment revenue grew 14.7% in the quarter, while the smaller job-seeker services line declined. Management said blue-collar hiring has become a larger share of the mix, a segment where platform reach among employers matters.

Technology is a second driver. The company said it is investing in AI foundation models and applying AI across user-facing and commercial products. Sales and Marketing expenses rose 38.3%, mainly because of 2026 FIFA World Cup campaigns, while general and administrative costs fell 29.7%.

Balance-sheet strength provides context for the capital-return plans. The company reported cash, short-term deposits and short-term investments, excluding Equity securities, of RMB18,807.2 million (about US$2.77 billion) at June 30, 2026. Deputy CFO Wenbei Wang said Operating Margin expanded 5.0 percentage points year over year and that revenue growth accelerated from the first quarter. Chief Executive Jonathan Peng Zhao said multiple metrics reached records. Because the ADSs and the Hong Kong-listed ordinary shares trade in separate markets, dividend timing differs slightly between them, with ADS payment expected around October 14, according to the company.

What Investors Should Watch

Management guided third-quarter 2026 revenue of RMB2.41 billion to RMB2.50 billion, implying growth of 11.4% to 15.6% year over year.

Investors may monitor whether brand-building spending translates into sustained user growth, and whether any announced collaborations with employers, Training providers or technology firms add measurable revenue. Operating Cash Flow fell 10.2% in the quarter, which could be a point of interest alongside the dividend payment of around US$230 million and Buybacks of more than US$300 million completed year to date. The company has said it expects to return at least 50% of prior-year adjusted net income to shareholders over each of the next three years, starting in 2026.

Record Engagement and a Stated Capital-Return Policy

Kanzhun enters the final quarter of 2026 with record engagement, accelerating revenue growth and a stated capital-return policy. Revenue guidance, spending discipline and the pace of AI deployment could shape how the company is viewed.