Yandex's net profit under IFRS for the first 9 months of 2026 increased 3.4 times to 135.9 billion rubles from 40.1 billion rubles a year earlier. This is stated in the company's message.
Revenue increased by 16% to 1.169 trillion rubles from 1 trillion rubles, adjusted EBITDA increased by 30% to 250 billion rubles from 193 billion rubles. Adjusted net profit amounted to 128.1 billion rubles against 87.9 billion rubles.
Revenue of the Search Services and AI segment increased by 4% to 404.7 billion rubles from 388.3 billion rubles, Urban Services — by 16% to 648.8 billion rubles from 561.2 billion rubles, Personal Services — by 33% to 202.3 billion rubles from 152 billion rubles, B2B Tech — by 32% to 45.3 billion rubles from 34.2 billion rubles, "Autonomous technologies" — by 59% to 0.4 billion rubles from 0.3 billion rubles. Revenue from other services amounted to 10 billion rubles against 8.9 billion rubles.
Yandex does not plan to increase its capital expenditures this year. The company invested in advance in the development of reserve capacities and the purchase of necessary equipment. In nine months, investments amounted to RUB 115 billion.
On September 9, 2026, the company's shareholders decided to pay dividends for the first half of 2026 in the amount of 110 rubles per share. The total amount of payments amounted to 42 billion rubles.
In addition, on September 23, the Board of Directors approved the placement of 11 million ordinary shares, or about 2.8% of the company's authorized capital as of June 30, 2026, for a long-term incentive program. The additional issue will cover the projected needs of the program at least until the end of 2027. The placement is scheduled to take place in November 2026.
Yandex creates services and products based on artificial intelligence that help users and businesses online and offline. Yandex has been working on a popular search engine in Russia since 1997.
The company has several segments.
The "Search Services and AI" block forms the core of the Yandex digital ecosystem based on a search engine and an advertising platform in Russia.
The Urban Services block develops Yandex's digital platforms for mobility, delivery, and local commerce.
The Personal Services block combines financial and entertainment platforms.
The B2B Tech unit develops Yandex's corporate technology products.
The Autonomous Technologies unit develops and implements solutions in the field of physical AI for transport and logistics.
According to RA AK&M, by the end of 2024, Yandex is among the leaders of the fifth carbon footprint rating of the largest Russian companies.
Yandex's net profit for 2025 increased 7-fold to 79.6 billion rubles from 11.5 billion rubles a year earlier. Adjusted net profit increased by 40% to 141.4 billion rubles from 100.9 billion rubles, revenue — by 32% to 1.44 trillion rubles from 1.09 trillion rubles, adjusted EBITDA — by 49% to 280.8 billion rubles from 188.6 billion rubles.
Yandex's net profit for the first half of 2026 increased 17.3 times to 93.4 billion rubles from 5.4 billion rubles a year earlier. Adjusted net profit increased by 90% to 82.2 billion rubles from 43.2 billion rubles. Operating profit doubled to 134.9 billion rubles from 60.7 billion rubles, adjusted EBITDA increased by 41% year—on-year to 162.2 billion rubles from 114.9 billion rubles. Revenue increased by 19% to RUB 759 billion from RUB 639 billion.
