MakeMyTrip (MMYT) Tax Rate (2009 - 2024)
MakeMyTrip's Tax Rate was -41.01% in the quarter ended Jun 30, 2026, down 11.95 percentage points from -29.07% a year earlier and down 21.33 percentage points from the prior quarter.
MakeMyTrip (MMYT) Tax Rate (2009 - 2024) Analysis & Trends
On a trailing twelve-month basis, MakeMyTrip's Tax Rate was -39.10% through Jun 30, 2026, down 20.59 percentage points year-over-year; for the year ended Mar 31, 2026, it was -34.07%, down 16.28 percentage points from the prior year.
- Tax Rate shows a five-year change of -26.62 percentage points (years ended Mar 2021 to Mar 2026).
- In earlier years, Tax Rate was -17.79% in the year ended Mar 31, 2025 (-151.00 pp), 133.21% in the year ended Mar 31, 2024 (+353.04 pp), -219.83% in the year ended Mar 31, 2023 (-217.46 pp) and -2.37% in the year ended Mar 31, 2022 (+5.07 pp).
- Quarterly Tax Rate has moved between -184.06% (the quarter ended Dec 31, 2022) and 296.54% (the quarter ended Sep 30, 2025) over five years.
- Compared with a year earlier, Tax Rate has declined for three straight quarters, with an average year-over-year change of -3.76 percentage points over the last eight quarters.
- The best year-over-year quarter for Tax Rate over five years was the quarter ended Mar 31, 2022 (a gain of 446.91 percentage points); the worst was the quarter ended Mar 31, 2025 (a drop of 263.81 percentage points).
- Per Business Quant data, MMYT's Tax Rate in the three quarters before the quarter ended Jun 30, 2026 was -19.68% (quarter ended Mar 31, 2026), -44.63% (quarter ended Dec 31, 2025) and 296.54% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,895.73 Bn | 3,653.26 Bn | 73.85 Bn | 19.14% |
| 2 | Meta Platforms | 1,630.44 Bn | 1,332.96 Bn | 49.47 Bn | 15.50% |
| 3 | Netflix | 272.52 Bn | 233.82 Bn | 6.80 Bn | 15.13% |
| 4 | Alibaba Group Holding | 231.75 Bn | 45.53 Bn | 15.11 Bn | - |
| 5 | Shopify | 218.48 Bn | 195.66 Bn | 1.71 Bn | 15.38% |
| 6 | Uber Technologies | 136.23 Bn | 108.03 Bn | 6.38 Bn | 25.63% |
| 7 | Spotify Technology | 119.61 Bn | 76.53 Bn | 1.89 Bn | 26.52% |
| 8 | Booking Holdings | 119.59 Bn | 52.64 Bn | - | 23.83% |
| 9 | PDD Holdings | 110.53 Bn | -133.24 Bn | 9.45 Bn | - |
| 10 | MakeMyTrip | 4.35 Bn | 2.54 Bn | - | - |
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2024 | 258.20% |
| Dec 31, 2023 | 0.20% |
| Jun 30, 2023 | 0.06% |
| Mar 31, 2023 | 1.62% |
| Dec 31, 2011 | 7.72% |
| Sep 30, 2011 | 4.39% |
| Jun 30, 2011 | 239.75% |
| Mar 31, 2011 | 0.27% |
| Dec 31, 2010 | 0.07% |
| Dec 31, 2009 | 86.17% |
MakeMyTrip Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=MMYT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "MMYT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=MMYT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();