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
DateValue
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