MakeMyTrip (MMYT) FCF Margin (2009 - 2026)
MakeMyTrip's (MMYT) quarterly FCF Margin came in at 18.57% in Q1 2026, down 1722.0% year-on-year from 1.14% in Q1 2025, and up 20.45% quarter-over-quarter from 15.42% in Q4 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.
- On a quarterly basis, FCF Margin fell 1722.0% year-over-year to 18.57% in Q1 2026; TTM through Mar 2026 was 17.48%, a 145.0% decrease from a year earlier, with the FY2026 full-year figure at 17.48%, down 191.0% from the prior year.
- FCF Margin climbed to 18.57% in Q1 2026 per MMYT's latest filing, from 15.42% in the prior quarter.
- Across five years, FCF Margin topped out at 35.79% in Q1 2025 and bottomed at 5.83% in Q2 2022.
- The 5-year median for FCF Margin is 15.56% (2025), against an average of 13.6%.
- Biggest YoY gain for FCF Margin was 9116 bps in 2022; the steepest drop was 4721 bps in 2022.
- Year by year, FCF Margin stood at 4.88% in 2022, then jumped by 791 bps to 33.72% in 2023, then sank 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.
- Per Business Quant, the three latest MMYT FCF Margin figures stand at 18.57% (Q1 2026), 15.42% (Q4 2025), and 21.22% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 147.33 Bn | 131.30 Bn | 3.46 Bn | 56.18% |
| 2 | Airbnb | 87.74 Bn | 75.73 Bn | 2.10 Bn | 63.78% |
| 3 | Royal Caribbean Cruises | 81.68 Bn | 80.95 Bn | 2.21 Bn | 29.96% |
| 4 | Yatra Online | 56.40 Bn | 56.37 Bn | 10.44 Mn | -7.15% |
| 5 | Viking Holdings | 45.64 Bn | 41.83 Bn | 713.43 Mn | 57.75% |
| 6 | Carnival | 37.38 Bn | 35.13 Bn | - | 26.34% |
| 7 | Expedia | 33.93 Bn | 31.43 Bn | 3.05 Bn | 109.37% |
| 8 | Trip.com | 29.12 Bn | 17.42 Bn | 1.86 Bn | - |
| 9 | Norwegian Cruise Line Holdings | 9.10 Bn | 8.91 Bn | 953.34 Mn | -26.82% |
| 10 | MakeMyTrip | 5.32 Bn | 4.90 Bn | 199.14 Mn | 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% |