MakeMyTrip (MMYT) Operating Expenses (2009 - 2026)

MakeMyTrip's (MMYT) quarterly Operating Expenses came in at $105.7 million in Q1 2026, down 3.47% year-on-year from $109.5 million in Q1 2025, and down 11.87% quarter-over-quarter from $119.9 million in Q4 2025.

MakeMyTrip (MMYT) Operating Expenses (2009 - 2026) Analysis & Trends

MakeMyTrip's Operating Expenses history runs 18 years deep, the most recent figure standing at $105.7 million for Q1 2026.

  • On a quarterly basis, Operating Expenses fell 3.47% year-over-year to $105.7 million in Q1 2026; TTM through Mar 2026 was $429.5 million, a 6.26% increase from a year earlier, with the FY2026 full-year figure at $429.5 million, up 1.22% from the prior year.
  • Operating Expenses eased to $105.7 million in Q1 2026 per MMYT's latest filing, from $119.9 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $119.9 million in Q4 2025 and bottomed at $38.0 million in Q1 2022.
  • The 5-year median for Operating Expenses is $90.2 million (2024), against an average of $86.8 million.
  • Across the five-year window, Operating Expenses soared 284.8% in 2022 and dropped 3.47% in 2026, its largest moves.
  • Year by year, Operating Expenses stood at $71.3 million in 2022, then surged by 31.52% to $93.8 million in 2023, then increased by 16.1% to $108.8 million in 2024, then grew by 10.15% to $119.9 million in 2025, then fell by 11.87% to $105.7 million in 2026.
  • Per Business Quant, the three latest MMYT Operating Expenses figures stand at $105.7 million (Q1 2026), $119.9 million (Q4 2025), and $96.2 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Booking Holdings 136.54 Bn 120.51 Bn 3.46 Bn 4.26 Bn
2 Royal Caribbean Cruises 86.11 Bn 85.59 Bn 2.21 Bn 582.00 Mn
3 Airbnb 82.27 Bn 70.26 Bn 2.10 Bn 2.59 Bn
4 Yatra Online 55.46 Bn 55.47 Bn 10.44 Mn 379,000.00
5 Viking Holdings 44.18 Bn 40.37 Bn 713.43 Mn -352.87 Mn
6 Carnival 34.61 Bn 32.38 Bn - 4.23 Bn
7 Expedia 31.38 Bn 28.88 Bn 3.05 Bn 576.00 Mn
8 Norwegian Cruise Line Holdings 8.54 Bn 8.35 Bn 953.34 Mn 720.40 Mn
9 MakeMyTrip 5.02 Bn 4.60 Bn 199.14 Mn 105.66 Mn
10 Global Business Travel 4.83 Bn 4.43 Bn 490.00 Mn 837.00 Mn

Historic Data

Download Data
DateValue
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 109.46 Mn
Dec 31, 2024 108.85 Mn
Sep 30, 2024 89.17 Mn
Jun 30, 2024 96.76 Mn
Mar 31, 2024 90.25 Mn
Dec 31, 2023 93.75 Mn
Sep 30, 2023 80.18 Mn
Jun 30, 2023 84.49 Mn
Mar 31, 2023 64.16 Mn
Dec 31, 2022 71.28 Mn
Sep 30, 2022 57.30 Mn
Jun 30, 2022 63.18 Mn
Mar 31, 2022 38.03 Mn
Dec 31, 2021 62.97 Mn
Sep 30, 2021 29.91 Mn
Jun 30, 2021 16.42 Mn