Mercadolibre (MELI) Cost of Revenue (2009 - 2026)

Mercadolibre's Cost of Revenue history runs 18 years deep, the most recent figure standing at $982.0 million for Q1 2026.

• In Q1 2026, Cost of Revenue fell 68.96% year-over-year to $982.0 million; the TTM figure through Mar 2026 stood at -$1.9 billion (down 125.27% YoY), while the FY2025 annual figure was $3.2 billion, down 71.26% from the prior year.
• Cost of Revenue was $982.0 million for Q1 2026 at Mercadolibre, up from -$7.8 billion in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $4.2 billion in Q3 2025 to a low of -$7.8 billion in Q4 2025.
• Historically, Cost of Revenue has averaged $986.1 million across 5 years, with a median of $982.0 million in 2026.
• Biggest YoY gain for Cost of Revenue was 642.05% in 2025; the steepest drop was 336.89% in 2025.
• A 5-year view of Cost of Revenue shows it stood at $380.0 million in 2022, then surged by 520.79% to $2.4 billion in 2023, then surged by 40.31% to $3.3 billion in 2024, then sank by 336.89% to -$7.8 billion in 2025, then surged by 112.52% to $982.0 million in 2026.
• The last three Cost of Revenue figures came in at $982.0 million (Q1 2026), -$7.8 billion (Q4 2025), and $4.2 billion (Q3 2025), per Business Quant data.