MakeMyTrip (MMYT) Research & Development (2015 - 2026)
MakeMyTrip (MMYT) posted quarterly Research & Development of $42.1 million for Q1 2026, little changed year-over-year from $42.1 million in Q1 2025, and down 19.61% quarter-over-quarter from $52.3 million in Q4 2025.
MakeMyTrip (MMYT) Research & Development (2015 - 2026) Analysis & Trends
MakeMyTrip's Research & Development history runs 12 years deep, the most recent figure standing at $42.1 million for Q1 2026.
- In Q1 2026, Research & Development changed 0.07% year-over-year to $42.1 million; the TTM figure through Mar 2026 stood at $176.3 million (up 6.62% YoY), while the FY2026 annual figure was $176.3 million, up 6.62% from the prior year.
- Research & Development for Q1 2026 stood at $42.1 million, down from $52.3 million in the prior quarter.
- The five-year high for Research & Development was $52.3 million in Q4 2025, with the low at $12.1 million in Q1 2022.
- The 5-year median for Research & Development is $35.8 million (2024), against an average of $34.0 million.
- The sharpest annual moves came in 2022 and 2026: Research & Development jumped 381.27% in 2022, then retreated 0.07% in 2026.
- MakeMyTrip's Research & Development stood at $28.9 million in 2022, then gained by 25.0% to $36.1 million in 2023, then jumped by 31.21% to $47.3 million in 2024, then rose by 10.55% to $52.3 million in 2025, then fell by 19.61% to $42.1 million in 2026.
- Business Quant data shows MMYT's Research & Development at $42.1 million in Q1 2026, $52.3 million in Q4 2025, and $37.9 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 159.34 Bn | 142.12 Bn | 4.98 Bn | 263.00 Mn |
| 2 | Airbnb | 108.60 Bn | 96.53 Bn | 2.98 Bn | 875.00 Mn |
| 3 | Royal Caribbean Cruises | 81.57 Bn | 80.88 Bn | 2.29 Bn | - |
| 4 | Viking Holdings | 44.18 Bn | 40.38 Bn | 713.43 Mn | - |
| 5 | Carnival | 38.51 Bn | 36.29 Bn | - | - |
| 6 | Expedia | 38.08 Bn | 30.96 Bn | 3.91 Bn | 2.12 Bn |
| 7 | Trip.com | 29.19 Bn | 17.73 Bn | 1.86 Bn | -543.00 Mn |
| 8 | Norwegian Cruise Line Holdings | 8.73 Bn | 8.51 Bn | 1.05 Bn | - |
| 9 | MakeMyTrip | 5.85 Bn | 5.09 Bn | 212.91 Mn | 48.79 Mn |
| 10 | Global Business Travel | 4.94 Bn | 4.47 Bn | 514.00 Mn | 160.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 48.79 Mn |
| Mar 31, 2026 | 42.07 Mn |
| Dec 31, 2025 | 52.34 Mn |
| Sep 30, 2025 | 37.93 Mn |
| Jun 30, 2025 | 43.93 Mn |
| Mar 31, 2025 | 42.10 Mn |
| Dec 31, 2024 | 47.35 Mn |
| Sep 30, 2024 | 35.80 Mn |
| Jun 30, 2024 | 40.08 Mn |
| Mar 31, 2024 | 31.60 Mn |
| Dec 31, 2023 | 36.08 Mn |
| Sep 30, 2023 | 25.04 Mn |
| Jun 30, 2023 | 30.59 Mn |
| Mar 31, 2023 | 23.21 Mn |
| Dec 31, 2022 | 28.87 Mn |
| Sep 30, 2022 | 24.76 Mn |
| Jun 30, 2022 | 24.77 Mn |
| Mar 31, 2022 | 12.06 Mn |
| Dec 31, 2021 | 22.23 Mn |
| Sep 30, 2021 | 11.59 Mn |