Yatra Online (YTRA) Operating Margin (2015 - 2026)
Yatra Online (YTRA) reported Operating Margin of 55.39% for Q1 2026, up 879.0% year-over-year from 5.66% in Q1 2025, and up 17.67% quarter-over-quarter from 47.07% in Q4 2025.
Yatra Online (YTRA) Operating Margin (2015 - 2026) Analysis & Trends
Yatra Online (YTRA) has 12 years of Operating Margin data on file, last reported at 55.39% in Q1 2026.
- Operating Margin for Q1 2026 came in at 55.39%, up 879.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 45.0% (down 33.0% YoY), and the FY2026 annual result was 45.9%, up 62.0% from the prior year.
- Operating Margin advanced to 55.39% in Q1 2026 per YTRA's latest filing, from 47.07% in the prior quarter.
- Over five years, Operating Margin peaked at 91.56% in Q1 2022 and troughed at 34.04% in Q3 2025.
- A 5-year average of 65.09% and a median of 74.13% in 2022 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2024 and 2026: Operating Margin sank 4341 bps in 2024, then surged 879 bps in 2026.
- A 5-year view of Operating Margin shows it stood at 74.13% in 2022, then fell by 4 bps to 70.98% in 2023, then sank by 43 bps to 40.23% in 2024, then advanced by 17 bps to 47.07% in 2025, then climbed by 18 bps to 55.39% in 2026.
- Business Quant data shows YTRA's Operating Margin at 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) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 22.98% |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 3.21% |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 26.10% |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 9.85% |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 7.33% |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 9.99% |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 0.36% |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 16.55% |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 16.49% |
| 10 | Yatra Online | 57.05 Mn | 21.85 Mn | 10.44 Mn | 55.39% |
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% |