MakeMyTrip (MMYT) Tax Rate (2009 - 2026)
MakeMyTrip (MMYT) recorded quarterly Tax Rate of 19.68% in Q1 2026, up 55.9% quarter-over-quarter from 44.63% in Q4 2025, and down 1407.0% on a YoY basis from 1.51% in Q1 2025.
MakeMyTrip (MMYT) Tax Rate (2009 - 2026) Analysis & Trends
MakeMyTrip's Tax Rate history runs 18 years deep, the most recent figure standing at 19.68% for Q1 2026.
- In Q1 2026, Tax Rate fell 1407.0% year-over-year to 19.68%; the TTM figure through Mar 2026 stood at 34.07% (down 1628.0% YoY), while the FY2026 annual figure was 34.07%, down 5186.0% from the prior year.
- Tax Rate was 19.68% for Q1 2026 at MakeMyTrip, up from 44.63% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 296.54% in Q3 2025 to a low of 257.68% in Q1 2024.
- Historically, Tax Rate has averaged 18.19% across 5 years, with a median of 8.42% in 2023.
- The sharpest annual moves came in 2022 and 2024: Tax Rate soared 44691 bps in 2022, then slumped 25930 bps in 2024.
- A 5-year view of Tax Rate shows it stood at 184.06% in 2022, then jumped by 100 bps to 0.2% in 2023, then slumped by 4814 bps to 9.36% in 2024, then tumbled by 377 bps to 44.63% in 2025, then surged by 56 bps to 19.68% in 2026.
- The last three Tax Rate figures came in at 19.68% (Q1 2026), 44.63% (Q4 2025), and 296.54% (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 22.59% |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 43.06% |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 2.66% |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 6.07% |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 148.00% |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 2.78% |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | -381.82% |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 26.85% |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | -31.32% |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | -19.68% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -19.68% |
| Mar 31, 2026 | -19.68% |
| Dec 31, 2025 | -44.63% |
| Dec 31, 2025 | -44.63% |
| Sep 30, 2025 | 296.54% |
| Sep 30, 2025 | 296.54% |
| Jun 30, 2025 | -29.07% |
| Jun 30, 2025 | -29.07% |
| Mar 31, 2025 | -5.61% |
| Mar 31, 2025 | -5.61% |
| Dec 31, 2024 | -9.36% |
| Dec 31, 2024 | -9.36% |
| Sep 30, 2024 | -29.79% |
| Sep 30, 2024 | -29.79% |
| Jun 30, 2024 | -28.70% |
| Jun 30, 2024 | -28.70% |
| Mar 31, 2024 | -257.68% |
| Mar 31, 2024 | -257.68% |
| Dec 31, 2023 | 0.20% |
| Dec 31, 2023 | 0.20% |