MakeMyTrip (MMYT) FCF Margin (2009 - 2026)
MakeMyTrip (MMYT) recorded quarterly FCF Margin of 18.57% in Q1 2026, up 20.45% quarter-over-quarter from 15.42% in Q4 2025, and down 1722.0% on a YoY basis from 1.14% in Q1 2025.
MakeMyTrip (MMYT) FCF Margin (2009 - 2026) Analysis & Trends
MakeMyTrip's FCF Margin history runs 18 years deep, the most recent figure standing at 18.57% for Q1 2026.
- In Q1 2026, FCF Margin fell 1722.0% year-over-year to 18.57%; the TTM figure through Mar 2026 stood at 17.48% (down 145.0% YoY), while the FY2026 annual figure was 17.48%, down 100.0% from the prior year.
- FCF Margin was 18.57% for Q1 2026 at MakeMyTrip, up from 15.42% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 35.79% in Q1 2025 to a low of 5.83% in Q2 2022.
- Historically, FCF Margin has averaged 13.6% across 5 years, with a median of 15.56% in 2025.
- Biggest YoY gain for FCF Margin was 9116 bps in 2022; the steepest drop was 4721 bps in 2022.
- A 5-year view of FCF Margin shows it stood at 4.88% in 2022, then jumped by 791 bps to 33.72% in 2023, then tumbled by 112 bps to 3.94% in 2024, then jumped by 492 bps to 15.42% in 2025, then climbed by 20 bps to 18.57% in 2026.
- The last three FCF Margin figures came in at 18.57% (Q1 2026), 15.42% (Q4 2025), and 21.22% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 56.18% |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 63.78% |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 37.94% |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 11.31% |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 109.37% |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | -26.82% |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | -6.19% |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 1.98% |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | - |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | 18.57% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 18.57% |
| Dec 31, 2025 | 15.42% |
| Sep 30, 2025 | 21.22% |
| Jun 30, 2025 | 15.56% |
| Mar 31, 2025 | 35.79% |
| Dec 31, 2024 | -3.94% |
| Sep 30, 2024 | 16.89% |
| Jun 30, 2024 | 28.42% |
| Mar 31, 2024 | -0.60% |
| Dec 31, 2023 | 33.72% |
| Sep 30, 2023 | 10.65% |
| Jun 30, 2023 | 18.68% |
| Mar 31, 2023 | 29.86% |
| Dec 31, 2022 | -4.88% |
| Sep 30, 2022 | 3.43% |
| Jun 30, 2022 | -5.83% |
| Mar 31, 2022 | -1.70% |
| Dec 31, 2021 | 4.68% |
| Sep 30, 2021 | 50.64% |
| Jun 30, 2021 | -96.99% |