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MakeMyTrip Limited (MMYT) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

CONSUMER CYCLICAL · TRAVEL SERVICES · DATA UPDATED 2026-08-16

MakeMyTrip Limited (MMYT) operates in the TRAVEL SERVICES industry and is headquartered in Gurugram, India with about 5,507 employees. Its market capitalization is roughly $5 billion. In the fiscal year ended 2026-03-31, MMYT reported $1.0B in revenue and $52M in net income.

MakeMyTrip Limited, together with its subsidiaries, operates as a travel service provider in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, Saudi Arabia, Cambodia, and Indonesia.

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MMYT Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-06-30	2026-03-31	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31	2020-03-31	2019-03-31	2018-03-31	2017-03-31	2016-03-31	2015-03-31	2014-03-31	2013-03-31	2012-03-31	2011-03-31	2010-03-31	2009-03-31	2008-03-31
Total Revenue	$1.1B	$1.0B	$978M	$783M	$593M	$304M	$163M	$512M	$486M	$675M	$448M	$336M	$300M	$255M	$229M	$197M	$125M	$84M	$69M	$38M
Gross Profit	$734M	$583M	$704M	$567M	$415M	$245M	$141M	$357M	$313M	$499M	$274M	$169M	$139M	$106M	$88M	$88M	$61M	$40M	$25M	$17M
Gross Margin %	69.2%	55.9%	72.0%	72.5%	70.1%	80.7%	86.4%	69.8%	64.3%	74.0%	61.2%	50.3%	46.4%	41.7%	38.5%	44.9%	49.0%	48.2%	36.5%	43.1%
Operating Income (EBIT)	$159M	$154M	$120M	$65M	$24M	($30M)	($68M)	($429M)	($153M)	($219M)	($135M)	($67M)	($15M)	($15M)	($18M)	$4M	$4M	($6M)	($11M)	($16M)
Operating Margin %	15.0%	14.7%	12.2%	8.3%	4.0%	-10.0%	-41.4%	-84.0%	-31.5%	-32.5%	-30.2%	-19.9%	-4.9%	-6.0%	-7.9%	2.0%	3.3%	-7.2%	-15.5%	-42.5%
Net Income	$34M	$52M	$95M	$217M	($11M)	($45M)	($56M)	($448M)	($168M)	($218M)	($110M)	($89M)	($18M)	($21M)	($28M)	$7M	$5M	($6M)	($7M)	($19M)
Net Margin %	3.2%	5.0%	9.7%	27.7%	-1.9%	-14.9%	-34.0%	-87.5%	-34.5%	-32.4%	-24.6%	-26.3%	-6.1%	-8.2%	-12.1%	3.6%	3.9%	-7.4%	-10.7%	-49.3%
EBITDA	$214M	$211M	$160M	$138M	$32M	($2M)	($24M)	($411M)	($142M)	($189M)	($87M)	($70M)	($6M)	($15M)	($15M)	$4M	$5M	($3M)	($4M)	($17M)
Earnings Per Share (EPS)	$0.33	$0.47	$0.83	$1.83	$-0.10	$-0.42	$-0.52	$-4.26	$-1.61	$-2.18	$-2.09	$-2.12	$-0.44	$-0.55	$-0.74	$0.18	$0.14	$-0.20	$-0.25	$-0.70
Shares Outstanding (M)	98M	110M	115M	118M	111M	108M	107M	105M	104M	100M	53M	42M	42M	38M	37M	38M	35M	32M	30M	27M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MMYT Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Total Revenue	$286M	$250M	$296M	$229M	$269M	$245M	$267M	$211M
Gross Profit	$203M	$146M	$208M	$178M	$194M	$183M	$190M	$161M
Gross Margin %	71.0%	58.3%	70.3%	77.5%	72.2%	74.7%	71.1%	76.4%
Operating Income (EBIT)	$44M	$40M	$41M	$34M	$40M	$31M	$35M	$26M
Operating Margin %	15.3%	16.0%	13.8%	15.0%	15.0%	12.7%	13.0%	12.4%
Net Income	$8M	$24M	$7M	($6M)	$26M	$29M	$27M	$18M
Net Margin %	2.9%	9.7%	2.5%	-2.5%	9.6%	11.9%	10.1%	8.5%
EBITDA	$57M	$54M	$55M	$49M	$54M	$30M	$48M	$40M
Earnings Per Share (EPS)	$0.09	$0.23	$0.07	$-0.06	$0.22	$0.25	$0.23	$0.16
Shares Outstanding (M)	98M	105M	99M	98M	117M	115M	115M	115M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MMYT Free Cash Flow History

Cash flow	TTM → 2026-06-30	2026-03-31	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31	2020-03-31	2019-03-31	2018-03-31	2017-03-31	2016-03-31	2015-03-31	2014-03-31	2013-03-31	2012-03-31	2011-03-31	2010-03-31	2009-03-31	2008-03-31
Cash from Operations (CFO)	$164M	$183M	$185M	$126M	$32M	$6M	$68M	($113M)	($79M)	($125M)	($108M)	($66M)	$11M	($4M)	$14M	$11M	($6M)	$5M	($3M)	($16M)
Capital Expenditures (CapEx)	$161M	$15M	$12M	$13M	$17M	$13M	$1M	$13M	$10M	$12M	$15M	$11M	$7M	$6M	$7M	$9M	$3M	$1M	$1M	$5M
Free Cash Flow (FCF)	$3M	$168M	$174M	$113M	$15M	($7M)	$67M	($125M)	($89M)	($138M)	($123M)	($77M)	$4M	($10M)	$7M	$2M	($9M)	$4M	($4M)	($22M)
FCF Margin %	0.2%	16.1%	17.7%	14.4%	2.6%	-2.3%	41.2%	-24.5%	-18.2%	-20.4%	-27.6%	-22.9%	1.3%	-3.7%	2.9%	0.9%	-7.4%	4.9%	-6.0%	-56.5%
Dividends Paid	—	$0M	$0M	$0M	$0M	$0M	$0M	$0M	$0M	$0M	$4M	—	—	$1M	—	—	—	—	—	—

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MMYT Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Cash from Operations (CFO)	$27M	$43M	$46M	$49M	$42M	$88M	($11M)	$36M
Capital Expenditures (CapEx)	$27M	$43M	$44M	$48M	$42M	$0M	$0M	$0M
Free Cash Flow (FCF)	$0M	$0M	$2M	$1M	$0M	$88M	($11M)	$36M
FCF Margin %	0.0%	0.0%	0.6%	0.4%	0.0%	35.8%	-3.9%	16.9%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MMYT Balance Sheet History

Balance sheet	2026-06-30	2026-03-31	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31	2020-03-31	2019-03-31	2018-03-31	2017-03-31	2016-03-31	2015-03-31	2014-03-31	2013-03-31	2012-03-31	2011-03-31	2010-03-31	2009-03-31
Total Assets	$1.8B	$1.8B	$1.8B	$1.7B	$1.4B	$1.3B	$1.3B	$1.1B	$1.6B	$1.8B	$1.5B	$401M	$280M	$270M	$195M	$170M	$113M	$51M	$38M
Cash & Cash Equivalents	$380M	$425M	$509M	$327M	$284M	$213M	$295M	$130M	$178M	$188M	$102M	$53M	$50M	$38M	$37M	$44M	$68M	$9M	$5M
Total Liabilities	$2.1B	$1.8B	$620M	$544M	$484M	$426M	$418M	$221M	$213M	$207M	$139M	$323M	$123M	$108M	$93M	$51M	$37M	$76M	$65M
Total Debt (Short + Long-Term)	$1.4B	$1.4B	$226M	$209M	$235M	$217M	$204M	$5M	$1M	$1M	$1M	$204M	$0M	$0M	$1M	$0M	$4M	$45M	$48M
Total Shareholders' Equity	($342M)	($68M)	$1.2B	$1.1B	$870M	$894M	$888M	$858M	$1.4B	$1.6B	$1.4B	$78M	$157M	$162M	$101M	$119M	$76M	($25M)	($27M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive MMYT viewer.

Other Companies in TRAVEL SERVICES

VIK · Viking Holdings Ltd — $38 billion
TCOM · Trip.com Group Ltd ADR — $26 billion
GBTG · Global Business Travel Group Inc — $5 billion
TNL · Travel + Leisure Co — $4 billion
LIND · Lindblad Expeditions Holdings Inc — $2 billion
PRSU · Pursuit Attractions and Hospitality, Inc. — $1 billion
TRIP · TripAdvisor Inc — $1 billion

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