Ozon (OZON) stock in 2026: dividends, earnings and outlook
As of Nov 6, 2026, Ozon (OZON) trades at RUB 3,770.50 per share, P/E 37.1x, trailing dividend yield 5.7%. Our latest review (Oct 28, 2026): rather attractive. Below: Q3 2026 results, dividends paid and expected, and valuation. All figures come from the company card on the Frontier portal.
Ozon: Информационные технологии listed on the Moscow Exchange, covered by the Frontier portal.
What the latest review says
The full review with charts and calculations was published on the portal on Oct 28, 2026, OZON: revenue +62.7%, adjusted EBITDA doubled to RUB 93 bn, but RUB 30 bn of drone-attack losses ate net incom.
Ozon quarterly results
Ozon, IFRS figures for the period
| Period | Revenue, RUB bn | YoY | EBITDA, RUB bn | YoY | Net profit, RUB bn | YoY |
|---|---|---|---|---|---|---|
| Q3 2025 | 258.9 | 68.5% | 39.0 | 130.6% | 2.9 | from loss |
| Q4 2025 | 308.6 | 42.5% | 38.7 | 203.3% | 3.7 | from loss |
| Q1 2026 | 300.9 | 48.9% | 45.7 | 78.6% | 4.5 | from loss |
| Q2 2026 | 334.2 | 46.8% | 55.2 | -63.4% | -191.0 | loss |
| Q3 2026 | 421.2 | 62.7% | 58.3 | 49.4% | 3.7 | 25.1% |
In Q3 2026: revenue RUB 421.2 bn (+62.7% YoY), EBITDA RUB 58.3 bn (+49.4% YoY), net profit RUB 3.7 bn (+25.1% YoY). The full period table, balance sheet and cash flow are on the Ozon card.
Ozon dividends, paid and expected
Ozon dividends by ex-dividend year, RUB per share
| Year | RUB per share |
|---|---|
| 2025 | 143.55 |
| 2026 | 70.00 |
- Paid RUB 70.00 per share, ex-date May 25, 2026
- Paid RUB 143.55 per share, ex-date Dec 19, 2025
Ozon valuation by multiples
Ozon (OZON), multiples as of Nov 6, 2026
| Metric | Value |
|---|---|
| P/E (LTM) | 37.1x |
| P/B | n/a |
| EV/EBITDA | 5.5x |
| ROE | -9.2% |
| Dividend yield, LTM | 5.7% |
| Market cap | 815.4 bn RUB |
LTM revenue RUB 1365.7 bln, net profit RUB 22 bln, EBITDA RUB 197.8 bln. Peer comparison and P/E history are on the company card.
Is Ozon stock worth buying
As of Oct 28, 2026 our answer is "rather attractive". The review's key theses, by its headings.
- Revenue grew 62.7%, accelerating for the third quarter in a row
- EBITDA on the portal formula grew 71.6%, the 13.8% margin is above last year
- Net income RUB 3.7 bn: drone-attack provisions took almost all of it
- Net debt on the portal measure is RUB 278.8 bn, 1.41x annual EBITDA
- Dividends over 12 months: RUB 213.55 per share, about 5.7% of the price
The verdict is as of the review date and is revisited after the next report. Any purchase decision depends on the investor's goals and horizon.
FAQ
Ozon dividends 2026: how much and when? Paid in 2026 by ex-date: RUB 70.00 per share; trailing 12 months RUB 213.55.
Is Ozon stock worth buying? Verdict of our latest review (Oct 28, 2026): rather attractive. Operationally this is a strong quarter: growth accelerated and the margin before one-off losses rose. On the portal's strict basis the share trades at about 5.5x annual EBITDA (including the drone losses and excluding Ozon Bank's cash from liquidity).
What did the latest Ozon report show? In Q3 2026: revenue RUB 421.2 bn (+62.7% YoY), EBITDA RUB 58.3 bn (+49.4% YoY), net profit RUB 3.7 bn (+25.1% YoY).
Other Информационные технологии companies on the portal: Positive Technologies (POSI), Yandex (YDEX), Astra (ASTR), HeadHunter (HEAD).
Author: Kirill Kuznetsov, investment adviser (Bank of Russia register No. 236 of 29.01.2024)*, Enhanced Investments channel.
- Ozon card on the Frontier portal
- Review, Oct 28, 2026
- Dividends and prices: Enhanced Investments EI1 database, Moscow Exchange
- Russian stocks: dividends, outlook and earnings 2026
Open the company's financial profile OZON →
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