MakeMyTrip (MMYT) Research & Development (2015 - 2026)
MakeMyTrip (MMYT) posted Research & Development of $48.8 million for Q2 2026, up 15.95% on a QoQ basis from $42.1 million in Q1 2026, and up 11.06% year-over-year from $43.9 million in Q2 2025.
Analysis
MakeMyTrip (MMYT) Research & Development (2015 - 2026) Analysis & Trends
MakeMyTrip has reported Research & Development for 12 years, with the latest figure at $48.8 million in Q2 2026.
- On a quarterly basis, Research & Development rose 11.06% year-over-year to $48.8 million in Q2 2026; TTM through Jun 2026 was $181.1 million, a 7.07% increase from a year earlier, with the FY2026 full-year figure at $176.3 million, up 6.62% from the prior year.
- Research & Development was $48.8 million for Q2 2026 at MakeMyTrip, up from $42.1 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.
- Average Research & Development over 5 years is $34.9 million, with a median of $35.9 million recorded in 2023.
- The sharpest annual moves came in 2022 and 2026: Research & Development soared 381.27% in 2022, then slipped 0.07% in 2026.
- Over 5 years, Research & Development stood at $28.9 million in 2022, then climbed by 25.0% to $36.1 million in 2023, then soared by 31.21% to $47.3 million in 2024, then advanced by 10.55% to $52.3 million in 2025, then retreated by 6.79% to $48.8 million in 2026.
- The last three Research & Development figures came in at $48.8 million (Q2 2026), $42.1 million (Q1 2026), and $52.3 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alibaba Group Holding | 261.86 Bn | 218.15 Bn | 15.11 Bn | -7.02 Bn |
| 2 | Booking Holdings | 138.41 Bn | 121.19 Bn | 4.98 Bn | 263.00 Mn |
| 3 | PDD Holdings | 111.58 Bn | 81.30 Bn | 9.45 Bn | -673.00 Mn |
| 4 | Airbnb | 103.06 Bn | 91.00 Bn | 2.98 Bn | 875.00 Mn |
| 5 | Mercadolibre | 97.65 Bn | 82.46 Bn | 4.16 Bn | 1.13 Bn |
| 6 | Ebay | 46.64 Bn | 43.33 Bn | 2.30 Bn | 697.00 Mn |
| 7 | Expedia | 33.03 Bn | 25.91 Bn | 3.91 Bn | 2.12 Bn |
| 8 | Maplebear | 11.38 Bn | 10.53 Bn | 751.00 Mn | 233.00 Mn |
| 9 | Full Truck Alliance | 8.75 Bn | 7.73 Bn | - | -38.45 Mn |
| 10 | MakeMyTrip | 5.49 Bn | 5.10 Bn | - | 48.79 Mn |
Historic Data
Download Data
Historic 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 |