Kanzhun Ltd ADR

BZ: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Boss Zhipin Earnings: Margin Expanding but Customer Growth Appears to Be Slowing

Kai Wang

Nov 19, 2025

Boss Zhipin's third-quarter 2025 revenue increased 13% year on year, while operating margin improved by 1,500 basis points to 32% due to continued reductions in marketing and research expenses.

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Kanzhun Ltd ADR

Boss Zhipin Earnings: Margin Expanding but Customer Growth Appears to Be Slowing

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