Yandex (YDEX) stock in 2026: dividends, earnings and outlook
As of Nov 6, 2026, Yandex (YDEX) trades at RUB 3,398.00 per share, P/E 8.6x, trailing dividend yield 6.5%. Our latest review (Oct 29, 2026): neutral. Below: Q3 2026 results, dividends paid and expected, and valuation. All figures come from the company card on the Frontier portal.
Yandex: 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The full review with charts and calculations was published on the portal on Oct 29, 2026, Yandex 3Q26: guidance withdrawn, strike damage will land in 4Q, and net debt excluding Fintech money rose to R.
Yandex quarterly results
Yandex, IFRS figures for the period
| Period | Revenue, RUB bn | YoY | EBITDA, RUB bn | YoY | Net profit, RUB bn | YoY |
|---|---|---|---|---|---|---|
| Q3 2025 | 366.1 | 32.3% | 78.3 | 76.0% | 34.6 | – |
| Q4 2025 | 436.0 | 28.2% | 69.4 | 64.9% | 21.1 | 46.6% |
| Q1 2026 | 372.7 | 21.6% | 75.3 | 79.3% | 28.9 | from loss |
| Q2 2026 | 386.3 | 16.2% | 92.7 | 44.9% | 64.5 | 297.8% |
| Q3 2026 | 410.6 | 12.2% | 92.5 | 18.2% | 42.5 | 22.8% |
In Q3 2026: revenue RUB 410.6 bn (+12.2% YoY), EBITDA RUB 92.5 bn (+18.2% YoY), net profit RUB 42.5 bn (+22.8% YoY). The full period table, balance sheet and cash flow are on the Yandex card.
Yandex dividends, paid and expected
Yandex dividends by ex-dividend year, RUB per share
| Year | RUB per share |
|---|---|
| 2024 | 80.00 |
| 2025 | 160.00 |
| 2026 | 220.00 |
Over the last 12 months the company paid RUB 220.00 per share, a 6.5% yield. The portal's dividend-potential model expects RUB 220.00 for the financial year (RUB 110.00 already paid or declared), a 6.5% forward yield at a 14% key rate. This is a model output, not an analyst forecast.
- Paid RUB 110.00 per share, ex-date Sep 18, 2026
- Paid RUB 110.00 per share, ex-date Apr 24, 2026
- Paid RUB 80.00 per share, ex-date Sep 26, 2025
Yandex valuation by multiples
Yandex (YDEX), multiples as of Nov 6, 2026
| Metric | Value |
|---|---|
| P/E (LTM) | 8.6x |
| P/B | 4.6x |
| EV/EBITDA | 4.3x |
| ROE | 42.1% |
| Dividend yield, LTM | 6.5% |
| Market cap | 1355.0 bn RUB |
LTM revenue RUB 1605.6 bln, net profit RUB 157.1 bln, EBITDA RUB 329.9 bln. Peer comparison and P/E history are on the company card.
Is Yandex stock worth buying
As of Oct 29, 2026 our answer is "neutral". The review's key theses, by its headings.
- A quarter before the strikes: growth slowed for the third quarter in a row
- Advertising, ride-hailing and Market slowed; Fintech, Plus and the cloud grew faster
- Guidance withdrawn, but the revenue target was out of reach even without the strikes
- The company did not name the damage. On the balance sheet it is RUB 20-110 bn, and it will hit the 4Q accounts
- Net debt of RUB 1.6 bn includes Fintech client money. Without it net debt is RUB 209 bn and rose by RUB 49 bn in the quarter
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
When is the next Yandex dividend? The latest payment was RUB 110.00 per share, ex-date Sep 18, 2026. No new payout has been declared yet.
Yandex dividends 2026: how much and when? Paid in 2026 by ex-date: RUB 220.00 per share; trailing 12 months RUB 220.00.
Is Yandex stock worth buying? Verdict of our latest review (Oct 29, 2026): neutral. Yandex went through the third quarter before the strikes on its data centres, and the quarter was steady: revenue of RUB 410.6 bn (+12% year-on-year), adjusted EBITDA of RUB 87.8 bn (+12%), a 21.4% margin.
What did the latest Yandex report show? In Q3 2026: revenue RUB 410.6 bn (+12.2% YoY), EBITDA RUB 92.5 bn (+18.2% YoY), net profit RUB 42.5 bn (+22.8% YoY).
Other Информационные технологии companies on the portal: Ozon (OZON), Positive Technologies (POSI), Astra (ASTR), HeadHunter (HEAD).
Author: Kirill Kuznetsov, investment adviser (Bank of Russia register No. 236 of 29.01.2024)*, Enhanced Investments channel.
- Yandex card on the Frontier portal
- Review, Oct 29, 2026
- Dividends and prices: Enhanced Investments EI1 database, Moscow Exchange
- Russian stocks: dividends, outlook and earnings 2026
Open the company's financial profile YDEX →
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