Kanzhun (BZ) Operating Margin (2020 - 2026)

Kanzhun (BZ) posted Operating Margin of 30.14% for Q1 2026, down 8.66% sequentially from 33.0% in Q4 2025, and up 728.0% YoY from 3.64% in Q1 2025.

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

Kanzhun has reported Operating Margin for 7 years, with the latest figure at 30.14% in Q1 2026.

Quarterly Operating Margin rose 728.0% year-over-year to 30.14% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 31.47% (up 1157.0% YoY) and the FY2025 annual result came in at 29.8%, up 1386.0% from the prior year.
Operating Margin fell to 30.14% in Q1 2026 per BZ's latest filing, from 33.0% in the prior quarter.
Over five years, Operating Margin peaked at 33.0% in Q4 2025 and troughed at 32.44% in Q4 2022.
A 5-year average of 13.71% and a median of 16.24% in 2023 frame the typical range for Operating Margin.
The widest YoY moves for Operating Margin: up 12848 bps in 2022, down 5567 bps in 2022.
Over 5 years, Operating Margin stood at 32.44% in 2022, then surged by 143 bps to 14.06% in 2023, then jumped by 48 bps to 20.87% in 2024, then soared by 58 bps to 33.0% in 2025, then decreased by 9 bps to 30.14% in 2026.
According to Business Quant data, Operating Margin over the past three periods registered 30.14%, 33.0%, and 31.76% for Q1 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Operating Margin (Qtr)
1	Alphabet	4,188.33 Bn	3,759.29 Bn	73.85 Bn	34.03%
2	Meta Platforms	1,532.60 Bn	1,442.34 Bn	49.47 Bn	30.88%
3	Taboola.com	1,134.31 Bn	1,134.18 Bn	139.48 Mn	1.52%
4	Baidu	288.43 Bn	283.93 Bn	1.88 Mn	10.65%
5	Spotify Technology	102.94 Bn	92.70 Bn	1.75 Bn	23.32%
6	Joyy	77.35 Bn	76.46 Bn	205.64 Mn	3.14%
7	BILI Social International	60.58 Bn	60.58 Bn	405,933.00	18.99%
8	Nebius	49.00 Bn	39.37 Bn	295.20 Mn	-32.08%
9	Reddit	30.30 Bn	27.51 Bn	734.60 Mn	28.79%
10	Kanzhun	15.42 Bn	13.32 Bn	255.62 Bn	30.14%

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