MakeMyTrip (MMYT) Net Margin (2009 - 2026)
MakeMyTrip (MMYT) posted Net Margin of 2.37% for Q2 2026, up 83.45% on a QoQ basis from 14.31% in Q1 2026, and down 149.0% year-over-year from 4.83% in Q2 2025.
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Analysis
MakeMyTrip (MMYT) Net Margin (2009 - 2026) Analysis & Trends
MakeMyTrip has reported Net Margin for 18 years, with the latest figure at 2.37% in Q2 2026.
- On a quarterly basis, Net Margin fell 149.0% year-over-year to 2.37% in Q2 2026; TTM through Jun 2026 was 8.01%, a 563.0% decrease from a year earlier, with the FY2026 full-year figure at 7.72%, down 547.0% from the prior year.
- Net Margin was 2.37% for Q2 2026 at MakeMyTrip, up from 14.31% in the prior quarter.
- The five-year high for Net Margin was 1.97% in Q1 2023, with the low at 17.65% in Q2 2022.
- Average Net Margin over 5 years is 5.32%, with a median of 2.81% recorded in 2025.
- The sharpest annual moves came in 2022 and 2023: Net Margin tumbled 6304 bps in 2022, then jumped 1794 bps in 2023.
- Over 5 years, Net Margin stood at 4.66% in 2022, then soared by 102 bps to 0.07% in 2023, then tumbled by 9980 bps to 7.15% in 2024, then jumped by 54 bps to 3.25% in 2025, then increased by 27 bps to 2.37% in 2026.
- The last three Net Margin figures came in at 2.37% (Q2 2026), 14.31% (Q1 2026), and 3.25% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alibaba Group Holding | 261.51 Bn | 217.81 Bn | 15.11 Bn | 3.92% |
| 2 | Booking Holdings | 138.27 Bn | 121.06 Bn | 4.98 Bn | 26.52% |
| 3 | PDD Holdings | 111.58 Bn | 81.30 Bn | 9.45 Bn | 24.19% |
| 4 | Airbnb | 103.10 Bn | 91.03 Bn | 2.98 Bn | 22.62% |
| 5 | Mercadolibre | 97.65 Bn | 82.46 Bn | 4.16 Bn | 4.58% |
| 6 | Ebay | 46.49 Bn | 43.18 Bn | 2.30 Bn | 17.55% |
| 7 | Expedia | 32.95 Bn | 25.82 Bn | 3.91 Bn | 20.28% |
| 8 | Maplebear | 11.28 Bn | 10.43 Bn | 751.00 Mn | 10.45% |
| 9 | Full Truck Alliance | 8.76 Bn | 7.74 Bn | - | - |
| 10 | MakeMyTrip | 5.47 Bn | 5.08 Bn | - | -2.37% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -2.37% |
| Mar 31, 2026 | -14.31% |
| Dec 31, 2025 | -3.25% |
| Sep 30, 2025 | -14.30% |
| Jun 30, 2025 | -0.88% |
| Mar 31, 2025 | 0.60% |
| Dec 31, 2024 | -7.15% |
| Sep 30, 2024 | -1.71% |
| Jun 30, 2024 | -0.29% |
| Mar 31, 2024 | -1.38% |
| Dec 31, 2023 | 0.07% |
| Sep 30, 2023 | -5.18% |
| Jun 30, 2023 | 0.28% |
| Mar 31, 2023 | 1.97% |
| Dec 31, 2022 | -4.66% |
| Sep 30, 2022 | -13.86% |
| Jun 30, 2022 | -17.65% |
| Mar 31, 2022 | -11.64% |
| Dec 31, 2021 | -1.10% |
| Sep 30, 2021 | 16.07% |