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

Yatra Online's (YTRA) quarterly Operating Margin came in at 12.11% in Q1 2026, down 1050.0% year-on-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 (YTRA) has 12 years of Operating Margin data on file, last reported at 12.11% in Q1 2026.

  • On a quarterly basis, Operating Margin fell 1050.0% year-over-year to 12.11% in Q1 2026; TTM through Mar 2026 was 1.15%, a 9.0% increase from a year earlier, with the FY2026 full-year figure at 1.32%, down 10.0% from the prior year.
  • Operating Margin for Q1 2026 stood at 12.11%, down from 4.96% in the prior quarter.
  • Over the last five years, Operating Margin for YTRA reached as high as 10.62% in Q1 2023 and fell as low as 15.04% in Q3 2023.
  • Historically, Operating Margin has averaged 2.02% across 5 years, with a median of 1.61% in 2025.
  • Across the five-year window, Operating Margin jumped 10913 bps in 2022 and tumbled 1425 bps in 2023, its largest moves.
  • Year by year, Operating Margin stood at 8.15% in 2022, then advanced by 24 bps to 6.16% in 2023, then jumped by 111 bps to 0.67% in 2024, then sank by 840 bps to 4.96% in 2025, then slumped 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Booking Holdings 136.54 Bn 120.51 Bn 3.46 Bn 22.98%
2 Royal Caribbean Cruises 86.11 Bn 85.59 Bn 2.21 Bn 26.10%
3 Airbnb 82.27 Bn 70.26 Bn 2.10 Bn 3.21%
4 Yatra Online 55.46 Bn 55.47 Bn 10.44 Mn -12.11%
5 Viking Holdings 44.18 Bn 40.37 Bn 713.43 Mn 61.84%
6 Carnival 34.61 Bn 32.38 Bn - 12.77%
7 Expedia 31.38 Bn 28.88 Bn 3.05 Bn 7.33%
8 Norwegian Cruise Line Holdings 8.54 Bn 8.35 Bn 953.34 Mn 9.99%
9 MakeMyTrip 5.02 Bn 4.60 Bn 199.14 Mn 16.11%
10 Global Business Travel 4.83 Bn 4.43 Bn 490.00 Mn 0.36%

Historic Data

Download Data
DateValue
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%