MakeMyTrip MMYT
NASDAQ MMYT
$53.87 -1.75 (-3.15%)
As of: Sep 8, 2026 · 3:44 PM EDT

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

Historic Data

Download Data
DateValue
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