MakeMyTrip (MMYT) Net Margin (2009 - 2026)
MakeMyTrip (MMYT) posted quarterly Net Margin of 9.69% for Q1 2026, down 279.0% year-over-year from 5.42% in Q1 2025, and up 295.56% quarter-over-quarter from 2.45% in Q4 2025.
MakeMyTrip (MMYT) Net Margin (2009 - 2026) Analysis & Trends
MakeMyTrip's Net Margin history runs 18 years deep, the most recent figure standing at 9.69% for Q1 2026.
- In Q1 2026, Net Margin fell 279.0% year-over-year to 9.69%; the TTM figure through Mar 2026 stood at 1.84% (down 803.0% YoY), while the FY2026 annual figure was 4.96%, down 478.0% from the prior year.
- Net Margin for Q1 2026 stood at 9.69%, up from 2.45% in the prior quarter.
- The five-year high for Net Margin was 84.78% in Q1 2024, with the low at 24.49% in Q2 2022.
- The 5-year median for Net Margin is 8.27% (2024), against an average of 5.17%.
- The sharpest annual moves came in 2024 and 2025: Net Margin soared 7903 bps in 2024, then plunged 7229 bps in 2025.
- MakeMyTrip's Net Margin stood at 4.6% in 2022, then soared by 348 bps to 11.4% in 2023, then fell by 11 bps to 10.11% in 2024, then tumbled by 76 bps to 2.45% in 2025, then soared by 296 bps to 9.69% in 2026.
- Business Quant data shows MMYT's Net Margin at 9.69% in Q1 2026, 2.45% in Q4 2025, and 16.67% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 157.57 Bn | 140.36 Bn | 4.98 Bn | 26.52% |
| 2 | Airbnb | 106.28 Bn | 94.21 Bn | 2.98 Bn | 22.62% |
| 3 | Royal Caribbean Cruises | 80.63 Bn | 79.71 Bn | 2.29 Bn | 23.51% |
| 4 | Viking Holdings | 44.40 Bn | 40.59 Bn | 713.43 Mn | 17.99% |
| 5 | Expedia | 38.38 Bn | 31.25 Bn | 3.91 Bn | 20.28% |
| 6 | Carnival | 38.16 Bn | 35.92 Bn | - | 8.07% |
| 7 | Trip.com | 29.11 Bn | 17.42 Bn | 1.86 Bn | 33.60% |
| 8 | Norwegian Cruise Line Holdings | 8.33 Bn | 8.12 Bn | 1.05 Bn | 8.43% |
| 9 | MakeMyTrip | 5.81 Bn | 5.03 Bn | 212.91 Mn | 3.19% |
| 10 | Global Business Travel | 4.86 Bn | 4.34 Bn | 514.00 Mn | 1.72% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.19% |
| Mar 31, 2026 | 9.69% |
| Dec 31, 2025 | 2.45% |
| Sep 30, 2025 | -16.67% |
| Jun 30, 2025 | 9.64% |
| Mar 31, 2025 | 12.49% |
| Dec 31, 2024 | 10.11% |
| Sep 30, 2024 | 8.46% |
| Jun 30, 2024 | 8.27% |
| Mar 31, 2024 | 84.78% |
| Dec 31, 2023 | 11.40% |
| Sep 30, 2023 | -3.90% |
| Jun 30, 2023 | 9.66% |
| Mar 31, 2023 | 5.75% |
| Dec 31, 2022 | -4.60% |
| Sep 30, 2022 | -18.99% |
| Jun 30, 2022 | -24.49% |
| Mar 31, 2022 | -16.16% |
| Dec 31, 2021 | -8.98% |
| Sep 30, 2021 | -11.85% |