MakeMyTrip (MMYT) EBITDA Margin (2009 - 2026)
MakeMyTrip (MMYT) recorded quarterly EBITDA Margin of 4.59% in Q1 2026, down 480.13% quarter-over-quarter from 0.79% in Q4 2025, and down 1709.0% on a YoY basis from 0.29% in Q1 2025.
MakeMyTrip (MMYT) EBITDA Margin (2009 - 2026) Analysis & Trends
MakeMyTrip's EBITDA Margin history runs 18 years deep, the most recent figure standing at 4.59% for Q1 2026.
- In Q1 2026, EBITDA Margin fell 1709.0% year-over-year to 4.59%; the TTM figure through Mar 2026 stood at 2.77% (down 1026.0% YoY), while the FY2026 annual figure was 2.77%, down 1026.0% from the prior year.
- EBITDA Margin was 4.59% for Q1 2026 at MakeMyTrip, down from 0.79% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 83.36% in Q1 2024 to a low of 24.67% in Q2 2022.
- Historically, EBITDA Margin has averaged 3.44% across 5 years, with a median of 2.98% in 2024.
- The sharpest annual moves came in 2024 and 2025: EBITDA Margin jumped 7772 bps in 2024, then tumbled 7086 bps in 2025.
- A 5-year view of EBITDA Margin shows it stood at 4.56% in 2022, then jumped by 350 bps to 11.38% in 2023, then tumbled by 74 bps to 2.98% in 2024, then sank by 127 bps to 0.79% in 2025, then tumbled by 480 bps to 4.59% in 2026.
- The last three EBITDA Margin figures came in at 4.59% (Q1 2026), 0.79% (Q4 2025), and 16.8% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 22.98% |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 3.21% |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 26.08% |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 9.85% |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 13.78% |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 9.99% |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 0.36% |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 16.55% |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 22.20% |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | -4.59% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -4.59% |
| Dec 31, 2025 | -0.79% |
| Sep 30, 2025 | -16.80% |
| Jun 30, 2025 | 8.72% |
| Mar 31, 2025 | 12.50% |
| Dec 31, 2024 | 2.98% |
| Sep 30, 2024 | 6.79% |
| Jun 30, 2024 | 7.98% |
| Mar 31, 2024 | 83.36% |
| Dec 31, 2023 | 11.38% |
| Sep 30, 2023 | -3.99% |
| Jun 30, 2023 | 9.74% |
| Mar 31, 2023 | 5.64% |
| Dec 31, 2022 | -4.56% |
| Sep 30, 2022 | -19.03% |
| Jun 30, 2022 | -24.67% |
| Mar 31, 2022 | -16.22% |
| Dec 31, 2021 | -8.95% |
| Sep 30, 2021 | 4.18% |
| Jun 30, 2021 | -29.10% |