MakeMyTrip (MMYT) Tax Rate (2009 - 2026)
MakeMyTrip (MMYT) posted quarterly Tax Rate of 19.68% for Q1 2026, down 1407.0% year-over-year from 1.51% in Q1 2025, and up 55.9% quarter-over-quarter from 44.63% in Q4 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%, up 1628.0% from the prior year.
- Tax Rate for Q1 2026 stood at 19.68%, up from 44.63% in the prior quarter.
- The five-year high for Tax Rate was 296.54% in Q3 2025, with the low at 257.68% in Q1 2024.
- The 5-year median for Tax Rate is 8.42% (2023), against an average of 18.19%.
- The sharpest annual moves came in 2022 and 2024: Tax Rate surged 44691 bps in 2022, then sank 25930 bps in 2024.
- MakeMyTrip's Tax Rate stood at 184.06% in 2022, then soared 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 jumped by 56 bps to 19.68% in 2026.
- Business Quant data shows MMYT's Tax Rate at 19.68% in Q1 2026, 44.63% in Q4 2025, and 296.54% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 158.46 Bn | 141.25 Bn | 4.98 Bn | 23.83% |
| 2 | Airbnb | 106.78 Bn | 94.71 Bn | 2.98 Bn | 9.03% |
| 3 | Royal Caribbean Cruises | 80.66 Bn | 79.74 Bn | 2.29 Bn | 1.22% |
| 4 | Viking Holdings | 44.63 Bn | 40.83 Bn | 713.43 Mn | -1.63% |
| 5 | Expedia | 38.98 Bn | 31.85 Bn | 3.91 Bn | 14.80% |
| 6 | Carnival | 38.25 Bn | 36.01 Bn | - | 3.06% |
| 7 | Trip.com | 29.13 Bn | 17.43 Bn | 1.86 Bn | -19.46% |
| 8 | Norwegian Cruise Line Holdings | 8.43 Bn | 8.21 Bn | 1.05 Bn | 1.51% |
| 9 | MakeMyTrip | 5.84 Bn | 5.06 Bn | 212.91 Mn | -41.01% |
| 10 | Global Business Travel | 4.86 Bn | 4.34 Bn | 514.00 Mn | 13.33% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -41.01% |
| Jun 30, 2026 | -41.01% |
| Jun 30, 2026 | -41.01% |
| Mar 31, 2026 | -19.68% |
| Mar 31, 2026 | -19.68% |
| Mar 31, 2026 | -19.68% |
| Dec 31, 2025 | -44.63% |
| Dec 31, 2025 | -44.63% |
| Dec 31, 2025 | -44.63% |
| Sep 30, 2025 | 296.54% |
| Sep 30, 2025 | 296.54% |
| Sep 30, 2025 | 296.54% |
| Jun 30, 2025 | -29.07% |
| Jun 30, 2025 | -29.07% |
| Jun 30, 2025 | -29.07% |
| Mar 31, 2025 | -5.61% |
| Mar 31, 2025 | -5.61% |
| Mar 31, 2025 | -5.61% |
| Dec 31, 2024 | -9.36% |
| Dec 31, 2024 | -9.36% |