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.
Analysis
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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 61.65% |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 81.37% |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | 33.41% |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | 77.06% |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 91.27% | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | 37.22% |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | - |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | 78.18% | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 76.06% |
| 10 | Kanzhun | 7.83 Bn | 5.52 Bn | 306.38 Bn | 86.67% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 86.67% |
| Mar 31, 2026 | 85.23% |
| Dec 31, 2025 | 85.13% |
| Sep 30, 2025 | 85.31% |
| Jun 30, 2025 | 84.56% |
| Mar 31, 2025 | 83.84% |
| Dec 31, 2024 | 83.07% |
| Sep 30, 2024 | 81.83% |
| Jun 30, 2024 | 83.49% |
| Mar 31, 2024 | -17,409.24% |
| Dec 31, 2023 | 82.61% |
| Sep 30, 2023 | -16,695.74% |
| Jun 30, 2023 | 82.45% |
| Mar 31, 2023 | -19,321.33% |
| Dec 31, 2022 | -19,184.06% |
| Sep 30, 2022 | 82.96% |
| Jun 30, 2022 | 84.34% |
| Mar 31, 2022 | 84.31% |
| Dec 31, 2021 | 86.27% |
| Sep 30, 2021 | 87.22% |