Yatra Online (YTRA) Operating Margin (2015 - 2026)
Yatra Online (YTRA) posted quarterly Operating Margin of 12.11% for Q1 2026, down 1050.0% year-over-year from 1.27% in Q1 2025, and down 143.94% on a QoQ basis from 4.96% in Q4 2025.
Yatra Online (YTRA) Operating Margin (2015 - 2026) Analysis & Trends
Yatra Online has reported Operating Margin for 12 years, with the latest figure at 12.11% in Q1 2026.
- Operating Margin for Q1 2026 came in at 12.11%, down 1050.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 1.15% (up 9.0% YoY), and the FY2026 annual result was 1.32%, down 10.0% from the prior year.
- Operating Margin retreated to 12.11% in Q1 2026, from 4.96% in the prior quarter.
- Over five years, Operating Margin peaked at 10.62% in Q1 2023 and troughed at 15.04% in Q3 2023.
- A 5-year average of 2.02% and a median of 1.61% in 2025 frame the typical range for Operating Margin.
- The widest annual swing landed in 2022, when Operating Margin jumped 10913 bps; it then sank 1425 bps in 2023.
- A 5-year view of Operating Margin shows it stood at 8.15% in 2022, then rose by 24 bps to 6.16% in 2023, then surged by 111 bps to 0.67% in 2024, then tumbled by 840 bps to 4.96% in 2025, then plunged by 144 bps to 12.11% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 12.11% in Q1 2026, 4.96% in Q4 2025, and 3.09% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 157.63 Bn | 140.41 Bn | 4.98 Bn | 34.00% |
| 2 | Airbnb | 106.16 Bn | 94.09 Bn | 2.98 Bn | 21.01% |
| 3 | Royal Caribbean Cruises | 81.03 Bn | 80.11 Bn | 2.29 Bn | 27.05% |
| 4 | Viking Holdings | 44.28 Bn | 40.47 Bn | 713.43 Mn | 20.91% |
| 5 | Carnival | 38.41 Bn | 36.17 Bn | - | 12.77% |
| 6 | Expedia | 38.31 Bn | 31.18 Bn | 3.91 Bn | 18.54% |
| 7 | Trip.com | 29.06 Bn | 17.36 Bn | 1.86 Bn | 24.34% |
| 8 | Norwegian Cruise Line Holdings | 8.36 Bn | 8.15 Bn | 1.05 Bn | 13.76% |
| 9 | MakeMyTrip | 5.80 Bn | 5.03 Bn | 212.91 Mn | 15.30% |
| 10 | Yatra Online | 59.22 Mn | 32.09 Mn | 11.73 Mn | -11.33% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -12.11% |
| Dec 31, 2025 | -4.96% |
| Sep 30, 2025 | 3.09% |
| Jun 30, 2025 | 5.31% |
| Mar 31, 2025 | -1.61% |
| Dec 31, 2024 | 0.67% |
| Sep 30, 2024 | -1.69% |
| Jun 30, 2024 | -3.76% |
| Mar 31, 2024 | 0.40% |
| Dec 31, 2023 | -6.16% |
| Sep 30, 2023 | -15.04% |
| Jun 30, 2023 | 5.45% |
| Mar 31, 2023 | 10.62% |
| Dec 31, 2022 | -8.15% |
| Sep 30, 2022 | -0.79% |
| Jun 30, 2022 | 4.03% |
| Mar 31, 2022 | -9.64% |
| Dec 31, 2021 | -26.33% |
| Sep 30, 2021 | -33.43% |
| Jun 30, 2021 | -32.09% |