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

Mercadolibre (MELI) posted quarterly Cost of Revenue of $982.0 million for Q1 2026, down 68.96% year-over-year from $3.2 billion in Q1 2025, and up 112.52% on a QoQ basis from -$7.8 billion in Q4 2025.

Mercadolibre (MELI) Cost of Revenue (2009 - 2026) Analysis & Trends

Mercadolibre (MELI) has reported Cost of Revenue for 18 consecutive years, with $982.0 million the latest figure, recorded in 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 came in at $982.0 million for Q1 2026 at Mercadolibre, up from -$7.8 billion in the prior quarter.
  • The five-year high for Cost of Revenue was $4.2 billion in Q3 2025, with the low at -$7.8 billion in Q4 2025.
  • Average Cost of Revenue over 5 years is $986.1 million, with a median of $982.0 million recorded in 2026.
  • The largest YoY upside for Cost of Revenue was 642.05% in 2025 against a maximum downside of 336.89% in 2025.
  • Year by year, Cost of Revenue 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 slumped by 336.89% to -$7.8 billion in 2025, then surged by 112.52% to $982.0 million in 2026.
  • According to Business Quant data, Cost of Revenue over the past three periods registered $982.0 million, -$7.8 billion, and $4.2 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Amazon Com 2,596.58 Bn 2,453.49 Bn 171.21 Bn 10.31 Bn
2 PDD Holdings 461.36 Bn 436.70 Bn 12.81 Bn 4.91 Bn
3 Zkh 323.97 Bn 323.97 Bn 286.49 Mn 19.95 Mn
4 Mercadolibre 88.32 Bn 82.67 Bn 3.86 Bn 982.00 Mn
5 DoorDash 82.24 Bn 77.38 Bn 2.04 Bn 1.99 Bn
6 Ebay 49.85 Bn 45.99 Bn 2.29 Bn 802.00 Mn
7 Coupang 33.12 Bn 33.03 Bn 2.30 Bn 6.21 Bn
8 Wayfair 12.46 Bn 11.40 Bn 880.00 Mn 2.05 Bn
9 Maplebear 10.73 Bn 10.04 Bn 738.00 Mn 230.00 Mn
10 Chewy 8.52 Bn 8.00 Bn 1.01 Bn 2.35 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 982.00 Mn
Mar 31, 2026 982.00 Mn
Dec 31, 2025 -7.84 Bn
Dec 31, 2025 -7.84 Bn
Sep 30, 2025 4.20 Bn
Sep 30, 2025 4.20 Bn
Jun 30, 2025 751.00 Mn
Jun 30, 2025 751.00 Mn
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 566.00 Mn
Sep 30, 2024 566.00 Mn
Jun 30, 2024 511.00 Mn
Jun 30, 2024 511.00 Mn
Mar 31, 2024 2.31 Bn
Mar 31, 2024 2.31 Bn
Dec 31, 2023 2.36 Bn
Dec 31, 2023 2.36 Bn