MakeMyTrip (MMYT) Tax Rate (2009 - 2026)
MakeMyTrip's (MMYT) quarterly Tax Rate came in at 19.68% in Q1 2026, down 1407.0% year-on-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.
- On a quarterly basis, Tax Rate fell 1407.0% year-over-year to 19.68% in Q1 2026; TTM through Mar 2026 was 34.07%, a 1628.0% decrease from a year earlier, with the FY2026 full-year figure at 34.07%, down 1628.0% from the prior year.
- Tax Rate climbed to 19.68% in Q1 2026 per MMYT's latest filing, from 44.63% in the prior quarter.
- Across five years, Tax Rate topped out at 296.54% in Q3 2025 and bottomed at 184.06% in Q4 2022.
- The 5-year median for Tax Rate is 7.02% (2023), against an average of 12.98%.
- Across the five-year window, Tax Rate surged 44691 bps in 2022 and sank 26381 bps in 2025, its largest moves.
- Year by year, Tax Rate stood at 184.06% in 2022, then jumped by 100 bps to 0.2% in 2023, then plunged by 4814 bps to 9.36% in 2024, then sank by 377 bps to 44.63% in 2025, then surged by 56 bps to 19.68% in 2026.
- Per Business Quant, the three latest MMYT Tax Rate figures stand at 19.68% (Q1 2026), 44.63% (Q4 2025), and 296.54% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 22.59% |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 2.66% |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | 43.06% |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | -14.69% |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | -1.63% |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 3.06% |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | 148.00% |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | 2.78% |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | -19.68% |
| 10 | Global Business Travel | 4.83 Bn | 4.43 Bn | 490.00 Mn | -381.82% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Dec 31, 2024 | -9.36% |
| Sep 30, 2024 | -29.79% |
| Sep 30, 2024 | -29.79% |