MakeMyTrip (MMYT) Change in Working Capital (2009 - 2026)
MakeMyTrip's (MMYT) quarterly Change in Working Capital came in at -$5.5 million in Q1 2026, down 114.24% year-on-year from $38.9 million in Q1 2025, and up 42.15% quarter-over-quarter from -$9.6 million in Q4 2025.
MakeMyTrip (MMYT) Change in Working Capital (2009 - 2026) Analysis & Trends
MakeMyTrip's Change in Working Capital history runs 18 years deep, the most recent figure standing at -$5.5 million for Q1 2026.
- On a quarterly basis, Change in Working Capital fell 114.24% year-over-year to -$5.5 million in Q1 2026; TTM through Mar 2026 was -$24.4 million, a 2952.98% decrease from a year earlier, with the FY2026 full-year figure at -$24.4 million, down 2952.98% from the prior year.
- Change in Working Capital improved to -$5.5 million in Q1 2026 per MMYT's latest filing, from -$9.6 million in the prior quarter.
- Across five years, Change in Working Capital topped out at $158.4 million in Q1 2023 and bottomed at -$61.6 million in Q4 2024.
- The 5-year median for Change in Working Capital is -$5.5 million (2026), against an average of $12.7 million.
- Across the five-year window, Change in Working Capital soared 988.64% in 2023 and sank 275.79% in 2024, its largest moves.
- Year by year, Change in Working Capital stood at -$31.6 million in 2022, then soared by 210.82% to $35.0 million in 2023, then sank by 275.79% to -$61.6 million in 2024, then jumped by 84.45% to -$9.6 million in 2025, then surged by 42.15% to -$5.5 million in 2026.
- Per Business Quant, the three latest MMYT Change in Working Capital figures stand at -$5.5 million (Q1 2026), -$9.6 million (Q4 2025), and $417000.0 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Working Capital (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | - |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | - |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | - |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | -9.07 Mn |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | 25.71 Mn |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | - |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | - |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | - |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | -5.54 Mn |
| 10 | Global Business Travel | 4.83 Bn | 4.43 Bn | 490.00 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -5.54 Mn |
| Mar 31, 2026 | -5.54 Mn |
| Dec 31, 2025 | -9.58 Mn |
| Dec 31, 2025 | -9.58 Mn |
| Sep 30, 2025 | 417,000.00 |
| Sep 30, 2025 | 417,000.00 |
| Jun 30, 2025 | -9.75 Mn |
| Jun 30, 2025 | -9.75 Mn |
| Mar 31, 2025 | 38.92 Mn |
| Mar 31, 2025 | 38.92 Mn |
| Dec 31, 2024 | -61.61 Mn |
| Dec 31, 2024 | -61.61 Mn |
| Sep 30, 2024 | -5.87 Mn |
| Sep 30, 2024 | -5.87 Mn |
| Jun 30, 2024 | 29.42 Mn |
| Jun 30, 2024 | 29.42 Mn |
| Mar 31, 2024 | 116.22 Mn |
| Mar 31, 2024 | 116.22 Mn |
| Dec 31, 2023 | 35.05 Mn |
| Dec 31, 2023 | 35.05 Mn |