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
DateValue
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