MakeMyTrip (MMYT) Cost of Revenue (2009 - 2026)
MakeMyTrip's (MMYT) quarterly Cost of Revenue came in at $51.0 million in Q1 2026, down 6.81% year-on-year from $54.7 million in Q1 2025, and down 34.53% quarter-over-quarter from $77.9 million in Q4 2025.
MakeMyTrip (MMYT) Cost of Revenue (2009 - 2026) Analysis & Trends
MakeMyTrip's Cost of Revenue history runs 18 years deep, the most recent figure standing at $51.0 million for Q1 2026.
- On a quarterly basis, Cost of Revenue fell 6.81% year-over-year to $51.0 million in Q1 2026; TTM through Mar 2026 was $240.9 million, a 2.31% decrease from a year earlier, with the FY2026 full-year figure at $240.9 million, down 2.31% from the prior year.
- Cost of Revenue fell to $51.0 million in Q1 2026 per MMYT's latest filing, from $77.9 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $78.7 million in Q2 2024 and bottomed at $15.9 million in Q1 2022.
- The 5-year median for Cost of Revenue is $51.0 million (2026), against an average of $51.9 million.
- Across the five-year window, Cost of Revenue jumped 1988.76% in 2022 and slipped 14.59% in 2025, its largest moves.
- Year by year, Cost of Revenue stood at $56.5 million in 2022, then increased by 10.37% to $62.4 million in 2023, then rose by 11.1% to $69.3 million in 2024, then grew by 12.38% to $77.9 million in 2025, then plunged by 34.53% to $51.0 million in 2026.
- Per Business Quant, the three latest MMYT Cost of Revenue figures stand at $51.0 million (Q1 2026), $77.9 million (Q4 2025), and $44.8 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 147.33 Bn | 131.30 Bn | 3.46 Bn | 2.07 Bn |
| 2 | Airbnb | 87.74 Bn | 75.73 Bn | 2.10 Bn | 581.00 Mn |
| 3 | Royal Caribbean Cruises | 81.68 Bn | 80.95 Bn | 2.21 Bn | 2.25 Bn |
| 4 | Yatra Online | 56.40 Bn | 56.37 Bn | 10.44 Mn | 8.41 Mn |
| 5 | Viking Holdings | 45.64 Bn | 41.83 Bn | 713.43 Mn | 1.01 Bn |
| 6 | Carnival | 37.38 Bn | 35.13 Bn | - | - |
| 7 | Expedia | 33.93 Bn | 31.43 Bn | 3.05 Bn | 377.00 Mn |
| 8 | Trip.com | 29.12 Bn | 17.42 Bn | 1.86 Bn | 483.00 Mn |
| 9 | Norwegian Cruise Line Holdings | 9.10 Bn | 8.91 Bn | 953.34 Mn | 1.38 Bn |
| 10 | MakeMyTrip | 5.32 Bn | 4.90 Bn | 199.14 Mn | 50.98 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 50.98 Mn |
| Mar 31, 2026 | 50.98 Mn |
| Dec 31, 2025 | 77.86 Mn |
| Dec 31, 2025 | 77.86 Mn |
| Sep 30, 2025 | 44.84 Mn |
| Sep 30, 2025 | 44.84 Mn |
| Jun 30, 2025 | 67.18 Mn |
| Jun 30, 2025 | 67.18 Mn |
| Mar 31, 2025 | 54.70 Mn |
| Mar 31, 2025 | 54.70 Mn |
| Dec 31, 2024 | 69.29 Mn |
| Dec 31, 2024 | 69.29 Mn |
| Sep 30, 2024 | 43.91 Mn |
| Sep 30, 2024 | 43.91 Mn |
| Jun 30, 2024 | 78.65 Mn |
| Jun 30, 2024 | 78.65 Mn |
| Mar 31, 2024 | 48.12 Mn |
| Mar 31, 2024 | 48.12 Mn |
| Dec 31, 2023 | 62.37 Mn |
| Dec 31, 2023 | 62.37 Mn |