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.

Analysis

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.

Peer Set

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Operating Margin (Qtr)
1	Alphabet	4,083.83 Bn	3,654.79 Bn	73.85 Bn	34.03%
2	Meta Platforms	1,456.07 Bn	1,365.81 Bn	49.47 Bn	30.88%
3	Spotify Technology	111.71 Bn	104.79 Bn	1.86 Bn	21.88%
4	Nebius	50.03 Bn	40.93 Bn	448.70 Mn	-30.21%
5	Reddit	28.44 Bn	25.65 Bn	734.60 Mn	28.79%
6	Bilibili	13.59 Bn	11.45 Bn	433.97 Mn	4.70%
7	Tencent Music Entertainment	12.71 Bn	9.21 Bn	582.00 Mn	-
8	Pinterest	12.21 Bn	10.93 Bn	922.30 Mn	-4.68%
9	Match	9.45 Bn	8.86 Bn	648.84 Mn	28.77%
10	Kanzhun	7.83 Bn	5.52 Bn	306.38 Bn	35.99%

Historic Data

Download Data