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| Date | Value |
|---|---|
| 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 |