MakeMyTrip (MMYT) Tax Rate (2009 - 2026)
MakeMyTrip (MMYT) posted Tax Rate of 41.01% for Q2 2026, down 108.37% on a QoQ basis from 19.68% in Q1 2026, and down 1195.0% year-over-year from 3.75% in Q2 2025.
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Analysis
MakeMyTrip (MMYT) Tax Rate (2009 - 2026) Analysis & Trends
MakeMyTrip has reported Tax Rate for 18 years, with the latest figure at 41.01% in Q2 2026.
- On a quarterly basis, Tax Rate fell 1195.0% year-over-year to 41.01% in Q2 2026; TTM through Jun 2026 was 39.1%, a 2059.0% decrease from a year earlier, with the FY2026 full-year figure at 34.07%, down 1628.0% from the prior year.
- Tax Rate was 41.01% for Q2 2026 at MakeMyTrip, down from 19.68% in the prior quarter.
- The five-year high for Tax Rate was 296.54% in Q3 2025, with the low at 184.06% in Q4 2022.
- Average Tax Rate over 5 years is 9.2%, with a median of 7.02% recorded in 2023.
- The sharpest annual moves came in 2022 and 2025: Tax Rate jumped 44691 bps in 2022, then plunged 26381 bps in 2025.
- Over 5 years, Tax Rate stood at 184.06% in 2022, then surged by 100 bps to 0.2% in 2023, then sank by 4814 bps to 9.36% in 2024, then slumped by 377 bps to 44.63% in 2025, then grew by 8 bps to 41.01% in 2026.
- The last three Tax Rate figures came in at 41.01% (Q2 2026), 19.68% (Q1 2026), and 44.63% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Alibaba Group Holding | 261.51 Bn | 217.81 Bn | 15.11 Bn | -48.43% |
| 2 | Booking Holdings | 138.27 Bn | 121.06 Bn | 4.98 Bn | 23.83% |
| 3 | PDD Holdings | 111.58 Bn | 81.30 Bn | 9.45 Bn | -14.82% |
| 4 | Airbnb | 103.10 Bn | 91.03 Bn | 2.98 Bn | 9.03% |
| 5 | Mercadolibre | 97.65 Bn | 82.46 Bn | 4.16 Bn | 23.10% |
| 6 | Ebay | 46.49 Bn | 43.18 Bn | 2.30 Bn | 16.99% |
| 7 | Expedia | 32.95 Bn | 25.82 Bn | 3.91 Bn | 14.80% |
| 8 | Maplebear | 11.28 Bn | 10.43 Bn | 751.00 Mn | 24.49% |
| 9 | Full Truck Alliance | 8.76 Bn | 7.74 Bn | - | -19.33% |
| 10 | MakeMyTrip | 5.47 Bn | 5.08 Bn | - | -41.01% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -41.01% |
| Mar 31, 2026 | -19.68% |
| Dec 31, 2025 | -44.63% |
| Sep 30, 2025 | 296.54% |
| Jun 30, 2025 | -29.07% |
| Mar 31, 2025 | -5.61% |
| Dec 31, 2024 | -9.36% |
| Sep 30, 2024 | -29.79% |
| Jun 30, 2024 | -28.70% |
| Mar 31, 2024 | 258.20% |
| Dec 31, 2023 | 0.20% |
| Sep 30, 2023 | -8.42% |
| Jun 30, 2023 | 0.06% |
| Mar 31, 2023 | 1.62% |
| Dec 31, 2022 | -184.06% |
| Sep 30, 2022 | -5.50% |
| Jun 30, 2022 | -1.13% |
| Mar 31, 2022 | 15.89% |
| Dec 31, 2021 | -5.77% |
| Sep 30, 2021 | -6.60% |