Yatra Online (YTRA) Gross Margin (2015 - 2026)
Yatra Online (YTRA) posted quarterly Gross Margin of 55.39% for Q1 2026, up 879.0% year-over-year from 5.66% in Q1 2025, and up 18.71% on a QoQ basis from 46.66% in Q4 2025.
Yatra Online (YTRA) Gross Margin (2015 - 2026) Analysis & Trends
Yatra Online has reported Gross Margin for 12 years, with the latest figure at 55.39% in Q1 2026.
- Gross Margin for Q1 2026 came in at 55.39%, up 879.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 44.89% (down 44.0% YoY), and the FY2026 annual result was 45.9%, up 123.0% from the prior year.
- Gross Margin climbed to 55.39% in Q1 2026, from 46.66% in the prior quarter.
- Over five years, Gross Margin peaked at 91.56% in Q1 2022 and troughed at 34.04% in Q3 2025.
- A 5-year average of 65.07% and a median of 74.13% in 2022 frame the typical range for Gross Margin.
- The widest annual swing landed in 2024, when Gross Margin sank 4341 bps; it then soared 879 bps in 2026.
- A 5-year view of Gross Margin shows it stood at 74.13% in 2022, then retreated by 4 bps to 70.98% in 2023, then plunged by 43 bps to 40.23% in 2024, then advanced by 16 bps to 46.66% in 2025, then increased by 19 bps to 55.39% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 55.39% in Q1 2026, 46.66% in Q4 2025, and 34.04% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 157.92 Bn | 140.70 Bn | 4.98 Bn | 67.75% |
| 2 | Airbnb | 106.46 Bn | 94.39 Bn | 2.98 Bn | 82.46% |
| 3 | Royal Caribbean Cruises | 80.89 Bn | 79.97 Bn | 2.29 Bn | 47.29% |
| 4 | Viking Holdings | 44.30 Bn | 40.49 Bn | 713.43 Mn | 41.37% |
| 5 | Expedia | 38.41 Bn | 31.29 Bn | 3.91 Bn | 90.66% |
| 6 | Carnival | 38.33 Bn | 36.09 Bn | - | - |
| 7 | Trip.com | 29.10 Bn | 17.40 Bn | 1.86 Bn | 79.12% |
| 8 | Norwegian Cruise Line Holdings | 8.35 Bn | 8.14 Bn | 1.05 Bn | 39.91% |
| 9 | MakeMyTrip | 5.80 Bn | 5.02 Bn | 212.91 Mn | 74.55% |
| 10 | Yatra Online | 57.57 Mn | 30.44 Mn | 11.73 Mn | 58.24% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |