MakeMyTrip (MMYT) Net Margin (2009 - 2026)
MakeMyTrip (MMYT) recorded Net Margin of 0.57% in the quarter ended Jun 30, 2026, down 8.20 percentage points from 8.77% a year earlier but up 5.22 percentage points from the prior quarter.
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Analysis
MakeMyTrip (MMYT) Net Margin (2009 - 2026) Analysis & Trends
On a TTM basis, MakeMyTrip's Net Margin came in at -4.77% as of Jun 30, 2026, down 12.47 percentage points year-over-year; for the year ended Mar 31, 2026, it was 4.96%, down 4.76 percentage points from the prior year.
- Annual Net Margin has a five-year change of +39.00 percentage points (years ended Mar 2021 to Mar 2026).
- Across earlier years, Net Margin came in at 9.72% in the year ended Mar 31, 2025 (-17.98 pp), 27.71% in the year ended Mar 31, 2024 (+29.61 pp), -1.91% in the year ended Mar 31, 2023 (+13.03 pp) and -14.94% in the year ended Mar 31, 2022 (+19.10 pp).
- Quarterly Net Margin has ranged from -24.49% in the quarter ended Jun 30, 2022 to 83.40% in the quarter ended Mar 31, 2024 over the past five years.
- On a year-over-year basis, Net Margin has declined for four consecutive quarters, with an average year-over-year change of -15.05 percentage points over the last eight quarters.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 88.70 percentage points in the quarter ended Sep 30, 2021, against a drop of 70.91 percentage points in the quarter ended Mar 31, 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at -4.65% (quarter ended Mar 31, 2026), -0.78% (quarter ended Dec 31, 2025) and -16.67% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,155.16 Bn | 3,912.68 Bn | 73.85 Bn | 93.58% |
| 2 | Meta Platforms | 1,765.27 Bn | 1,467.79 Bn | 49.47 Bn | 26.07% |
| 3 | Netflix | 292.90 Bn | 253.10 Bn | 6.52 Bn | 27.08% |
| 4 | Alibaba Group Holding | 252.22 Bn | 66.00 Bn | 15.11 Bn | 3.92% |
| 5 | Shopify | 226.10 Bn | 203.28 Bn | 1.71 Bn | 41.92% |
| 6 | Uber Technologies | 140.31 Bn | 112.11 Bn | 6.38 Bn | 16.87% |
| 7 | Booking Holdings | 125.62 Bn | 58.67 Bn | - | 26.52% |
| 8 | PDD Holdings | 113.96 Bn | -129.82 Bn | 9.45 Bn | 24.19% |
| 9 | Spotify Technology | 109.24 Bn | 66.74 Bn | 1.86 Bn | 11.41% |
| 10 | MakeMyTrip | 4.70 Bn | 2.89 Bn | - | 2.92% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.92% |
| Mar 31, 2026 | 9.69% |
| Dec 31, 2025 | 2.45% |
| Sep 30, 2025 | -2.45% |
| Jun 30, 2025 | 9.64% |
| Mar 31, 2025 | 11.90% |
| Dec 31, 2024 | 10.11% |
| Sep 30, 2024 | 8.46% |
| Jun 30, 2024 | 8.26% |
| Mar 31, 2024 | 84.78% |
| Dec 31, 2023 | 11.33% |
| Sep 30, 2023 | 1.23% |
| Jun 30, 2023 | 9.38% |
| Mar 31, 2023 | 3.81% |
| Dec 31, 2022 | 0.05% |
| Sep 30, 2022 | -5.32% |
| Jun 30, 2022 | -7.07% |
| Mar 31, 2022 | -4.59% |
| Dec 31, 2021 | -7.88% |
| Sep 30, 2021 | -11.85% |
API Access
MakeMyTrip Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=MMYT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "MMYT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=MMYT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();