For fiscal 2026 (ended Mar 31, 2026), MakeMyTrip Limited reported $1.04B of revenue and $51.80M of net income.
MMYT revenue was $1.04B for fiscal 2026 (ended Mar 31, 2026), up 6.7% from fiscal 2025. Compound annual growth was +44.9% over 5 years and +12.0% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2026 is the highest of the 11 fiscal years on file.
MMYT net income was $51.80M for fiscal 2026 (ended Mar 31, 2026), down 45.5% from fiscal 2025.
MMYT diluted EPS was $0.36 for fiscal 2026 (ended Mar 31, 2026), down 56.6% from fiscal 2025.
MMYT free cash flow was $178.03M for fiscal 2026 (ended Mar 31, 2026), down 1.5% from fiscal 2025. Compound annual growth was +22.7% over 5 years. It rose in 3 of the last 5 fiscal years.
| Line item | Mar 31, 2026 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | Mar 31, 2019 | Mar 31, 2018 | Mar 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.04B | $978.34M | $782.52M | $593.04M | $303.92M | $163.44M | $511.53M | $486.01M | $675.26M | $447.62M |
| Cost of revenue | $273.85M | $274.35M | $215.09M | $177.57M | $58.75M | $22.22M | $149.27M | $170.94M | $175.88M | $173.92M |
| Gross profit | $770.14M | $703.99M | $567.43M | $415.47M | $245.17M | $141.22M | $362.26M | $315.07M | $499.38M | $273.70M |
| Operating income | $155.97M | $119.89M | $65.21M | $23.60M | -$30.37M | -$67.68M | -$429.41M | -$152.94M | -$219.44M | -$135.39M |
| Interest expense | $104.76M | $32.19M | -$3.31M | $46.73M | $26.33M | $4.80M | $21.43M | $11.33M | $3.90M | $18.29M |
| Pre-tax income | $78.37M | $115.89M | $92.94M | -$12.14M | -$46.67M | -$60.55M | -$447.55M | -$168.62M | -$220.15M | -$110.11M |
| Income tax | $26.70M | $20.62M | -$123.81M | $26.70M | -$1.11M | -$4.51M | -$29.0K | -$740.0K | $91.0K | $193.0K |
| Net income | $51.80M | $95.10M | $216.80M | -$11.32M | -$45.41M | -$55.64M | -$447.78M | -$167.76M | -$218.41M | -$110.17M |
| EPS, basic | $0.51 | $0.84 | $1.95 | -$0.10 | -$0.42 | -$0.52 | -$4.26 | -$1.61 | -$2.18 | -$2.09 |
| EPS, diluted | $0.36 | $0.83 | $1.74 | -$0.10 | -$0.42 | -$0.52 | -$4.26 | -$1.61 | -$2.18 | -$2.09 |
| Diluted shares | 109.7M | 114.5M | 118.2M | 109.7M | 108.5M | 106.8M | 105.2M | 104.0M | 100.4M | 52.6M |
| Line item | Mar 31, 2026 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | Mar 31, 2019 | Mar 31, 2018 | Mar 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $424.83M | $508.90M | $327.06M | $284.02M | $213.28M | $295.07M | $129.88M | $177.99M | $187.65M | $101.70M |
| Receivables | $163.01M | $141.14M | $91.95M | $68.85M | $35.91M | $25.18M | $53.41M | $53.20M | $56.39M | $35.11M |
| Inventory | $612.0K | $363.0K | $218.0K | $25.0K | $11.0K | $40.0K | $36.0K | $606.0K | $596.0K | $251.0K |
| Current assets | $1.05B | $1.07B | $857.28M | $671.91M | $591.37M | $501.18M | $279.02M | $440.64M | $540.59M | $263.19M |
| Goodwill | - | - | - | - | $601.15M | $619.87M | - | - | - | - |
| Total assets | $1.75B | $1.83B | $1.66B | $1.36B | $1.32B | $1.31B | $1.08B | $1.57B | $1.77B | $1.54B |
| Current liabilities | $343.20M | $576.61M | $297.57M | $453.66M | $191.22M | $194.19M | $179.87M | $204.57M | $199.97M | $134.40M |
| Short-term debt | $5.88M | $222.14M | $4.81M | $219.51M | $2.78M | $2.34M | $3.97M | $233.0K | $228.0K | $226.0K |
| Long-term debt | $1.40B | $13.89M | $216.82M | $15.65M | $213.81M | $201.62M | $21.61M | $474.0K | $424.0K | $523.0K |
| Total debt | $1.41B | $236.04M | $221.62M | $235.16M | $216.58M | $203.96M | $25.58M | $707.0K | $652.0K | $749.0K |
| Total liabilities | $1.81B | $620.31M | $543.66M | $483.77M | $426.27M | $417.82M | $220.92M | $212.92M | $206.52M | $139.32M |
| Shareholders' equity | -$67.77M | $1.20B | $1.12B | $876.06M | $896.48M | $891.19M | $862.29M | $1.36B | $1.56B | $1.41B |
| Line item | Mar 31, 2026 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | Mar 31, 2019 | Mar 31, 2018 | Mar 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $182.54M | $185.29M | $125.74M | $32.21M | $6.20M | $64.53M | -$112.73M | -$78.93M | -$125.48M | -$108.46M |
| Capital expenditures | $4.51M | $4.47M | $5.90M | $7.49M | $3.10M | $642.0K | $3.54M | $3.46M | $4.26M | $8.76M |
| Free cash flow | $178.03M | $180.81M | $119.84M | $24.72M | $3.10M | $63.88M | -$116.27M | -$82.38M | -$129.74M | -$117.21M |
| Investing cash flow | -$127.08M | $26.44M | -$75.59M | $46.63M | -$77.81M | -$118.86M | $73.83M | $70.01M | -$115.09M | $163.01M |
| Financing cash flow | -$107.41M | -$22.89M | -$6.24M | -$6.21M | -$9.57M | $219.40M | -$10.99M | -$335.0K | $327.90M | $2.16M |
| Share repurchases | $91.73M | $21.72M | - | - | - | - | - | - | - | $2.05M |
| Stock-based compensation | $22.98M | $36.02M | $36.96M | $35.64M | $36.65M | $35.59M | $41.63M | $40.03M | $44.86M | $26.80M |
| Line item | Mar 31, 2026 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | Mar 31, 2019 | Mar 31, 2018 | Mar 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 6.7% | 25.0% | 32.0% | 95.1% | 86.0% | -68.0% | 5.3% | -28.0% | 50.9% | 33.2% |
| Net income growth, YoY | -45.5% | -56.1% | - | - | - | - | - | - | - | - |
| EPS growth, YoY | -56.6% | -52.3% | - | - | - | - | - | - | - | - |
| Gross margin | 73.8% | 72.0% | 72.5% | 70.1% | 80.7% | 86.4% | 70.8% | 64.8% | 74.0% | 61.1% |
| Operating margin | 14.9% | 12.3% | 8.3% | 4.0% | -10.0% | -41.4% | -83.9% | -31.5% | -32.5% | -30.2% |
| Net margin | 5.0% | 9.7% | 27.7% | -1.9% | -14.9% | -34.0% | -87.5% | -34.5% | -32.3% | -24.6% |
| Free cash flow margin | 17.1% | 18.5% | 15.3% | 4.2% | 1.0% | 39.1% | -22.7% | -17.0% | -19.2% | -26.2% |
| Return on equity | - | 7.9% | 19.4% | -1.3% | -5.1% | -6.2% | -51.9% | -12.4% | -14.0% | -7.8% |
| Return on assets | 3.0% | 5.2% | 13.1% | -0.8% | -3.4% | -4.3% | -41.3% | -10.7% | -12.4% | -7.1% |
| Current ratio | 3.05 | 1.85 | 2.88 | 1.48 | 3.09 | 2.58 | 1.55 | 2.15 | 2.70 | 1.96 |
| Debt to equity | - | 0.20 | 0.20 | 0.27 | 0.24 | 0.23 | 0.03 | 0.00 | 0.00 | 0.00 |
| Line item | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $88.59M | $115.02M | $67.48M | $32.83M | $79.22M | $56.81M | $21.05M | $6.36M | $104.95M | $146.89M | $117.96M | $141.74M |
| Operating income | $3.35M | -$6.21M | -$7.99M | -$19.52M | $317.0K | -$7.34M | -$26.07M | -$34.59M | -$330.26M | -$24.37M | -$31.88M | -$42.90M |
| Pre-tax income | -$3.50M | -$9.59M | -$8.59M | -$25.00M | -$967.0K | -$3.57M | -$21.31M | -$34.70M | -$338.73M | -$29.60M | -$36.60M | -$42.62M |
| Line item | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $213.28M | - | - | - | $295.07M | - | - | - | $129.88M | - | - | - |
| Receivables | $35.91M | - | - | - | $25.18M | - | - | - | $53.41M | - | - | - |
| Inventory | $11.0K | - | - | - | $40.0K | - | - | - | $36.0K | - | - | - |
| Current assets | $591.37M | - | - | - | $501.18M | - | - | - | $279.02M | - | - | - |
| Goodwill | $601.15M | - | - | - | $619.87M | - | - | - | - | - | - | - |
| Total assets | $1.32B | - | - | - | $1.31B | - | - | - | $1.08B | - | - | - |
| Current liabilities | $191.22M | - | - | - | $194.19M | - | - | - | $179.87M | - | - | - |
| Short-term debt | $2.78M | - | - | - | $2.34M | - | - | - | $3.97M | - | - | - |
| Long-term debt | $213.81M | - | - | - | $201.62M | - | - | - | $21.61M | - | - | - |
| Total debt | $216.58M | - | - | - | $203.96M | - | - | - | $25.58M | - | - | - |
| Total liabilities | $426.27M | - | - | - | $417.82M | - | - | - | $220.92M | - | - | - |
| Shareholders' equity | $896.48M | - | - | - | $891.19M | - | - | - | $862.29M | - | - | - |
| Line item | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 11.8% | 102.5% | 220.5% | 416.2% | -24.5% | -61.3% | -82.2% | -95.5% | -12.7% | 17.7% | 13.8% | 3.1% |
| Operating margin | 3.8% | -5.4% | -11.8% | -59.4% | 0.4% | -12.9% | -123.8% | -543.7% | -314.7% | -16.6% | -27.0% | -30.3% |
| Current ratio | 3.09 | - | - | - | 2.58 | - | - | - | 1.55 | - | - | - |
| Debt to equity | 0.24 | - | - | - | 0.23 | - | - | - | 0.03 | - | - | - |
Source: XBRL data MakeMyTrip Limited files with the SEC, latest filing dated Jul 27, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| MMYT | $1.04B | +6.7% | $51.80M | 5.0% | $4.81B |
| BKNG | $28.13B | +8.0% | $7.18B | 25.5% | $119.49B |
| EXPE | $16.23B | +12.9% | $2.11B | 13.0% | $29.68B |
| XPO | $8.84B | +9.5% | $503.00M | 5.7% | $20.62B |
| GATX | $2.21B | +29.7% | $391.10M | 17.7% | $6.38B |
| GXO | $13.84B | +7.1% | $136.00M | 1.0% | $6.24B |
| HAFN | $2.28B | -20.5% | $339.68M | 14.9% | $5.02B |
| RXO | $6.54B | +10.1% | -$88.00M | -1.3% | $4.55B |
| BWLP | - | - | $242.31M | - | $3.48B |