This invention relates to a machine for making, storing and dispensing yogurt, comprising a tank (4) for processing a certain quantity of milk, a device (11) for inoculating milk ferments inside the tank (4), a cylinder (5) for keeping and storing the yogurt, which is connected to the processing tank (4), a tap (6) for dispensing the yogurt coming from the keeping and storing cylinder (5) the machine also comprises a heating and cooling unit (12) connected to the processing tank (4) and capable of causing the milk to reach a first pasteurization temperature (T1), a second inoculation temperature (T2), at which a certain quantity of milk ferments is inoculated in the processing tank (4) through the inoculating device (11), and a third fermentation temperature (T3) of the milk ferments the heating and cooling unit (12) is also connected to the keeping and storing cylinder (5) to cool the yogurt coming from the processing tank (4) and to bring it to a fourth cooling temperature (T4) and to a fifth storing and dispensing temperature (T5).