Yandex: net income 2007-2023

Yandex’s historical maximum net income was marked in 2022 at over 47.6 billion Russian rubles. In the following year, the company recorded a net profit of around 21.8 billion Russian rubles.

Understanding the fluctuations

Yandex’s remarkable performance in recent years was largely due to the launch of new offline-to-online businesses – Yandex.Drive and Yandex.Eats, along with strengthened positions in search and the further development of cloud sharing technologies. Despite a significant reduction in net income from 2020 to 2021, the company has achieved a 38-percent growth in revenues in that period with a solid income from all the business segments, respectively. The sharp increase in net income in 2022 was explained by Yandex's sales of its News and Zen structures.

Yandex in a nutshell

 Since its foundation in 2000 in Moscow, Yandex has become one of the largest internet companies in Europe and the leading search engine provider in Russia. By offering innovative services and technologies every year, the company has been accounting for steadily growing revenues each year. A grocery and household goods express delivery service Yandex.lavka and the development of driverless technologies are some of the latest projects launched by the company. Yandex’s net income before income taxes in 2023 was measured at over 43 billion Russian rubles.