Kanzhun (BZ) Gross Margin (2020 - 2026)

Kanzhun (BZ) posted Gross Margin of 85.23% for Q1 2026, little changed sequentially from 85.13% in Q4 2025, and up 139.0% YoY from 35.66% in Q1 2025.

Kanzhun (BZ) Gross Margin (2020 - 2026) Analysis & Trends

Kanzhun has reported Gross Margin for 7 years, with the latest figure at 85.23% in Q1 2026.

Quarterly Gross Margin rose 139.0% year-over-year to 85.23% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 85.06% (up 200.0% YoY) and the FY2025 annual result came in at 82.77%, down 37.0% from the prior year.
Gross Margin held at 85.23% in Q1 2026 per BZ's latest filing, from 85.13% in the prior quarter.
Over five years, Gross Margin peaked at 99.2% in Q1 2022 and troughed at 80.65% in Q1 2023.
A 5-year average of 84.2% and a median of 83.35% in 2023 frame the typical range for Gross Margin.
The sharpest annual moves came in 2022 and 2023: Gross Margin surged 1276 bps in 2022, then sank 1855 bps in 2023.
Over 5 years, Gross Margin stood at 80.72% in 2022, then advanced by 2 bps to 82.61% in 2023, then gained by 0 bps to 82.8% in 2024, then climbed by 3 bps to 85.13% in 2025, then gained by 0 bps to 85.23% in 2026.
According to Business Quant data, Gross Margin over the past three periods registered 85.23%, 85.13%, and 85.31% for Q1 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	Alphabet	4,165.61 Bn	3,736.57 Bn	73.85 Bn	61.65%
2	Meta Platforms	1,523.46 Bn	1,433.20 Bn	49.47 Bn	81.37%
3	Taboola.com	1,141.85 Bn	1,141.71 Bn	139.48 Mn	29.25%
4	Baidu	288.34 Bn	283.85 Bn	1.88 Mn	0.04%
5	Spotify Technology	103.44 Bn	93.20 Bn	1.75 Bn	32.98%
6	Joyy	77.39 Bn	76.50 Bn	205.64 Mn	35.34%
7	BILI Social International	60.58 Bn	60.58 Bn	405,933.00	75.52%
8	Nebius	50.20 Bn	40.57 Bn	295.20 Mn	73.98%
9	Reddit	30.00 Bn	27.22 Bn	734.60 Mn	91.27%
10	Kanzhun	15.56 Bn	13.46 Bn	255.62 Bn	85.23%

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