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| 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% |