India’s largest online travel platform MakeMyTrip reported its strongest-ever annual performance in the financial year 2026, with gross bookings surging 10.4% year-on-year to cross the $10 billion milestone for the first time.
The Nasdaq-listed company said it logged $10.4 billion in gross bookings between April 2025 and March 2026, marking a record high in the company’s history. The 10.4% annual growth underscores sustained demand for domestic leisure travel and the platform’s deepening penetration across hotels, flights, and holiday packages.
The record annual run, however, was tempered by a marginal slowdown in the January-March quarter. Gross bookings for Q4 FY26 stood at $2.55 billion, slightly lower than the $2.5531 billion reported in the same quarter of the previous financial year. The company did not specify reasons for the dip, which comes against a high base and amid evolving travel patterns.
Commenting on the performance, Rajesh Magow, Group Chief Executive Officer of MakeMyTrip, said the fiscal year marked a significant milestone for the company. “On an annual basis, we have crossed the $10 billion mark in gross bookings. Through this, we have strengthened our position as the preferred travel platform for millions of Indian travelers,” Magow said.
The annual growth aligns with broader industry trends of rising domestic tourism, aided by improved connectivity, higher discretionary spending, and a shift toward short-duration holidays within India. MakeMyTrip’s platform spans air ticketing, hotels and packages, rail and bus tickets, and ancillary travel services.
While Q4 saw a marginal year-on-year decline, the full-year record cements MakeMyTrip’s scale advantage in India’s competitive OTA market as it closes FY26.
MakeMyTrip Clocks Record $10.4 Billion in FY26 Gross Bookings Despite Flat Q4
