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

Mar 23, 2026

Boss Zhipin's fourth-quarter 2025 revenue increased 14% year on year to CNY 2.07 billion, while operating margin improved by 1,500 basis points to 35% due to further reductions in operating expenses.

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Kanzhun Ltd ADR

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

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