Yatra Online (YTRA) Gross Margin (2015 - 2026)

Yatra Online's (YTRA) quarterly Gross Margin came in at 55.39% in Q1 2026, up 879.0% year-on-year from 5.66% in Q1 2025, and up 17.67% on a QoQ basis from 47.07% in Q4 2025.

Yatra Online (YTRA) Gross Margin (2015 - 2026) Analysis & Trends

Yatra Online (YTRA) has 12 years of Gross Margin data on file, last reported at 55.39% in Q1 2026.

  • On a quarterly basis, Gross Margin rose 879.0% year-over-year to 55.39% in Q1 2026; TTM through Mar 2026 was 45.0%, a 33.0% decrease from a year earlier, with the FY2026 full-year figure at 44.72%, down 57.0% from the prior year.
  • Gross Margin for Q1 2026 stood at 55.39%, up from 47.07% in the prior quarter.
  • Over the last five years, Gross Margin for YTRA reached as high as 91.56% in Q1 2022 and fell as low as 34.04% in Q3 2025.
  • Historically, Gross Margin has averaged 65.09% across 5 years, with a median of 74.13% in 2022.
  • Across the five-year window, Gross Margin tumbled 4341 bps in 2024 and soared 879 bps in 2026, its largest moves.
  • Year by year, Gross Margin stood at 74.13% in 2022, then slipped by 4 bps to 70.98% in 2023, then slumped by 43 bps to 40.23% in 2024, then increased by 17 bps to 47.07% in 2025, then rose by 18 bps to 55.39% in 2026.
  • Per Business Quant data, the three most recent Gross Margin figures were 55.39% in Q1 2026, 47.07% in Q4 2025, and 34.04% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Booking Holdings 136.54 Bn 120.51 Bn 3.46 Bn 62.62%
2 Royal Caribbean Cruises 86.11 Bn 85.59 Bn 2.21 Bn 49.53%
3 Airbnb 82.27 Bn 70.26 Bn 2.10 Bn 78.30%
4 Yatra Online 55.46 Bn 55.47 Bn 10.44 Mn 55.39%
5 Viking Holdings 44.18 Bn 40.37 Bn 713.43 Mn 41.37%
6 Carnival 34.61 Bn 32.38 Bn - -
7 Expedia 31.38 Bn 28.88 Bn 3.05 Bn 89.00%
8 Norwegian Cruise Line Holdings 8.54 Bn 8.35 Bn 953.34 Mn 40.89%
9 MakeMyTrip 5.02 Bn 4.60 Bn 199.14 Mn 79.62%
10 Global Business Travel 4.83 Bn 4.43 Bn 490.00 Mn 58.33%

Historic Data

Download Data
DateValue
Mar 31, 2026 55.39%
Dec 31, 2025 47.07%
Sep 30, 2025 34.04%
Jun 30, 2025 52.21%
Mar 31, 2025 46.60%
Dec 31, 2024 40.23%
Sep 30, 2024 35.90%
Jun 30, 2024 77.53%
Mar 31, 2024 76.12%
Dec 31, 2023 70.98%
Sep 30, 2023 79.31%
Jun 30, 2023 77.39%
Mar 31, 2023 79.02%
Dec 31, 2022 74.13%
Sep 30, 2022 87.11%
Jun 30, 2022 81.97%
Mar 31, 2022 91.56%
Dec 31, 2021 86.11%
Sep 30, 2021 94.41%
Jun 30, 2021 96.51%