MakeMyTrip (MMYT) Operating Margin (2009 - 2026)
MakeMyTrip (MMYT) posted Operating Margin of 15.30% for the quarter ended Jun 30, 2026, up 0.29 percentage points from 15.01% a year earlier but down 0.80 percentage points from the prior quarter.
MakeMyTrip (MMYT) Operating Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at MakeMyTrip was 15.02%, up 1.68 percentage points year-over-year; for the year ended Mar 31, 2026, it came in at 14.94%, up 2.69 percentage points from the prior year.
- Annual Operating Margin has increased for six consecutive years, with a five-year change of +56.35 percentage points (years ended Mar 2021 to Mar 2026).
- In prior years, MakeMyTrip's Operating Margin was 12.25% in the year ended Mar 31, 2025 (+3.92 pp), 8.33% in the year ended Mar 31, 2024 (+4.35 pp), 3.98% in the year ended Mar 31, 2023 (+13.97 pp) and -9.99% in the year ended Mar 31, 2022 (+31.42 pp).
- Quarterly Operating Margin has run from a low of -11.84% in the quarter ended Sep 30, 2021 to a high of 16.11% in the quarter ended Mar 31, 2026 over five years.
- On a year-over-year basis, Operating Margin has increased in each of the last 23 quarters, with an average year-over-year change of +3.31 percentage points over the last eight quarters.
- The year-over-year gain in Operating Margin has ranged between 0.29 percentage points (the quarter ended Jun 30, 2026) and 111.99 percentage points (the quarter ended Sep 30, 2021) over the last five years.
- According to Business Quant data, Operating Margin for the three prior quarters was 16.11% (quarter ended Mar 31, 2026), 13.83% (quarter ended Dec 31, 2025) and 15.02% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,164.76 Bn | 3,922.28 Bn | 73.85 Bn | 34.03% |
| 2 | Meta Platforms | 1,823.40 Bn | 1,525.92 Bn | 49.47 Bn | 30.88% |
| 3 | Netflix | 288.27 Bn | 248.47 Bn | 6.52 Bn | 33.38% |
| 4 | Alibaba Group Holding | 252.72 Bn | 70.58 Bn | 15.11 Bn | 5.64% |
| 5 | Shopify | 186.52 Bn | 163.71 Bn | 1.71 Bn | 13.62% |
| 6 | Uber Technologies | 139.11 Bn | 111.09 Bn | 6.38 Bn | 13.32% |
| 7 | Booking Holdings | 123.13 Bn | 56.18 Bn | - | 34.00% |
| 8 | PDD Holdings | 111.72 Bn | -140.21 Bn | 9.45 Bn | 24.71% |
| 9 | AppLovin | 103.35 Bn | 93.38 Bn | 1.70 Bn | 77.68% |
| 10 | MakeMyTrip | 4.29 Bn | 1.11 Bn | - | 15.30% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.30% |
| Mar 31, 2026 | 16.11% |
| Dec 31, 2025 | 13.83% |
| Sep 30, 2025 | 15.02% |
| Jun 30, 2025 | 15.01% |
| Mar 31, 2025 | 12.72% |
| Dec 31, 2024 | 12.97% |
| Sep 30, 2024 | 12.38% |
| Jun 30, 2024 | 10.95% |
| Mar 31, 2024 | 8.24% |
| Dec 31, 2023 | 10.57% |
| Sep 30, 2023 | 3.98% |
| Jun 30, 2023 | 9.72% |
| Mar 31, 2023 | 5.37% |
| Dec 31, 2022 | 4.38% |
| Sep 30, 2022 | 2.97% |
| Jun 30, 2022 | 2.99% |
| Mar 31, 2022 | 3.78% |
| Dec 31, 2021 | -5.40% |
| Sep 30, 2021 | -11.84% |
MakeMyTrip Operating 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=operating-margin&ticker=MMYT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=MMYT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();