Mercadolibre (MELI) Cost of Revenue (2009 - 2026)
Mercadolibre (MELI) posted quarterly Cost of Revenue of $5.0 billion for Q1 2026, up 57.49% year-over-year from $3.2 billion in Q1 2025, and little changed quarter-over-quarter from $5.0 billion in Q4 2025.
Mercadolibre (MELI) Cost of Revenue (2009 - 2026) Analysis & Trends
Mercadolibre's Cost of Revenue history runs 18 years deep, the most recent figure standing at $5.0 billion for Q1 2026.
- In Q1 2026, Cost of Revenue rose 57.49% year-over-year to $5.0 billion; the TTM figure through Mar 2026 stood at $17.9 billion (up 48.1% YoY), while the FY2025 annual figure was $16.0 billion, up 43.17% from the prior year.
- Cost of Revenue for Q1 2026 stood at $5.0 billion, roughly flat from $5.0 billion in the prior quarter.
- The five-year high for Cost of Revenue was $5.0 billion in Q1 2026, with the low at $1.2 billion in Q1 2022.
- The 5-year median for Cost of Revenue is $2.4 billion (2023), against an average of $2.7 billion.
- The sharpest annual moves came in 2022 and 2026: Cost of Revenue advanced 27.69% in 2022, then soared 57.49% in 2026.
- Mercadolibre's Cost of Revenue stood at $1.8 billion in 2022, then surged by 34.65% to $2.4 billion in 2023, then jumped by 40.31% to $3.3 billion in 2024, then surged by 50.3% to $5.0 billion in 2025, then gained by 0.16% to $5.0 billion in 2026.
- Business Quant data shows MELI's Cost of Revenue at $5.0 billion in Q1 2026, $5.0 billion in Q4 2025, and $4.2 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,966.86 Bn | 2,843.87 Bn | 198.88 Bn | 183.24 Bn |
| 2 | PDD Holdings | 507.49 Bn | 447.95 Bn | 9.83 Bn | 7.89 Bn |
| 3 | Mercadolibre | 95.76 Bn | 80.56 Bn | 4.16 Bn | 6.01 Bn |
| 4 | DoorDash | 91.54 Bn | 86.19 Bn | 2.35 Bn | 2.11 Bn |
| 5 | JD.com | 87.38 Bn | 58.20 Bn | 7.66 Bn | 38.08 Bn |
| 6 | Sea | 75.71 Bn | 67.19 Bn | 3.15 Bn | 587.04 Mn |
| 7 | Ebay | 47.33 Bn | 44.02 Bn | 2.30 Bn | 832.00 Mn |
| 8 | Coupang | 29.45 Bn | 23.34 Bn | 2.49 Bn | 6.36 Bn |
| 9 | Zkh | 15.91 Bn | 15.91 Bn | 51.11 Mn | 255.12 Mn |
| 10 | Wayfair | 13.95 Bn | 12.80 Bn | 1.05 Bn | 2.47 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 6.01 Bn |
| Jun 30, 2026 | 6.01 Bn |
| Mar 31, 2026 | 4.98 Bn |
| Mar 31, 2026 | 4.98 Bn |
| Dec 31, 2025 | 4.98 Bn |
| Dec 31, 2025 | 4.98 Bn |
| Sep 30, 2025 | 4.20 Bn |
| Sep 30, 2025 | 4.20 Bn |
| Jun 30, 2025 | 3.70 Bn |
| Jun 30, 2025 | 3.70 Bn |
| Mar 31, 2025 | 3.16 Bn |
| Mar 31, 2025 | 3.16 Bn |
| Dec 31, 2024 | 3.31 Bn |
| Dec 31, 2024 | 3.31 Bn |
| Sep 30, 2024 | 2.87 Bn |
| Sep 30, 2024 | 2.87 Bn |
| Jun 30, 2024 | 2.71 Bn |
| Jun 30, 2024 | 2.71 Bn |
| Mar 31, 2024 | 2.31 Bn |
| Mar 31, 2024 | 2.31 Bn |