MakeMyTrip (MMYT) Operating Expenses (2009 - 2026)
MakeMyTrip (MMYT) posted Operating Expenses of $114.1 million for Q2 2026, up 7.98% on a QoQ basis from $105.7 million in Q1 2026, and up 5.9% year-over-year from $107.7 million in Q2 2025.
Analysis
MakeMyTrip (MMYT) Operating Expenses (2009 - 2026) Analysis & Trends
MakeMyTrip has reported Operating Expenses for 18 years, with the latest figure at $114.1 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 5.9% year-over-year to $114.1 million in Q2 2026; TTM through Jun 2026 was $435.9 million, a 6.78% increase from a year earlier, with the FY2026 full-year figure at $429.5 million, up 8.13% from the prior year.
- Operating Expenses was $114.1 million for Q2 2026 at MakeMyTrip, up from $105.7 million in the prior quarter.
- The five-year high for Operating Expenses was $119.9 million in Q4 2025, with the low at $31.1 million in Q1 2022.
- Average Operating Expenses over 5 years is $85.3 million, with a median of $88.1 million recorded in 2023.
- The sharpest annual moves came in 2022 and 2026: Operating Expenses surged 242.62% in 2022, then rose 3.14% in 2026.
- Over 5 years, Operating Expenses stood at $64.5 million in 2022, then jumped by 34.95% to $87.0 million in 2023, then increased by 25.09% to $108.8 million in 2024, then increased by 10.15% to $119.9 million in 2025, then slipped by 4.84% to $114.1 million in 2026.
- The last three Operating Expenses figures came in at $114.1 million (Q2 2026), $105.7 million (Q1 2026), and $119.9 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alibaba Group Holding | 261.86 Bn | 218.15 Bn | 15.11 Bn | -8.86 Bn |
| 2 | Booking Holdings | 138.41 Bn | 121.19 Bn | 4.98 Bn | 4.85 Bn |
| 3 | PDD Holdings | 111.58 Bn | 81.30 Bn | 9.45 Bn | -5.39 Bn |
| 4 | Airbnb | 103.06 Bn | 91.00 Bn | 2.98 Bn | 2.85 Bn |
| 5 | Mercadolibre | 97.65 Bn | 82.46 Bn | 4.16 Bn | 3.48 Bn |
| 6 | Ebay | 46.64 Bn | 43.33 Bn | 2.30 Bn | 1.63 Bn |
| 7 | Expedia | 33.03 Bn | 25.91 Bn | 3.91 Bn | 2.55 Bn |
| 8 | Maplebear | 11.38 Bn | 10.53 Bn | 751.00 Mn | 608.00 Mn |
| 9 | Full Truck Alliance | 8.75 Bn | 7.73 Bn | - | -279.73 Mn |
| 10 | MakeMyTrip | 5.49 Bn | 5.10 Bn | - | 114.09 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 114.09 Mn |
| Mar 31, 2026 | 105.66 Mn |
| Dec 31, 2025 | 119.90 Mn |
| Sep 30, 2025 | 96.23 Mn |
| Jun 30, 2025 | 107.74 Mn |
| Mar 31, 2025 | 102.45 Mn |
| Dec 31, 2024 | 108.85 Mn |
| Sep 30, 2024 | 89.17 Mn |
| Jun 30, 2024 | 96.76 Mn |
| Mar 31, 2024 | 83.26 Mn |
| Dec 31, 2023 | 87.02 Mn |
| Sep 30, 2023 | 80.18 Mn |
| Jun 30, 2023 | 77.69 Mn |
| Mar 31, 2023 | 57.27 Mn |
| Dec 31, 2022 | 64.48 Mn |
| Sep 30, 2022 | 57.30 Mn |
| Jun 30, 2022 | 56.26 Mn |
| Mar 31, 2022 | 31.08 Mn |
| Dec 31, 2021 | 55.20 Mn |
| Sep 30, 2021 | 29.91 Mn |