Mercadolibre (MELI) EBT Margin (2009 - 2026)
Mercadolibre (MELI) recorded quarterly EBT Margin of 6.55% in Q1 2026, down 26.87% quarter-over-quarter from 8.95% in Q4 2025, and down 535.0% on a YoY basis from 1.5% in Q1 2025.
Mercadolibre (MELI) EBT Margin (2009 - 2026) Analysis & Trends
Mercadolibre's EBT Margin history runs 18 years deep, the most recent figure standing at 6.55% for Q1 2026.
- In Q1 2026, EBT Margin fell 535.0% year-over-year to 6.55%; the TTM figure through Mar 2026 stood at 8.54% (down 334.0% YoY), while the FY2025 annual figure was 9.84%, down 187.0% from the prior year.
- EBT Margin was 6.55% for Q1 2026 at Mercadolibre, down from 8.95% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 13.52% in Q3 2023 to a low of 4.94% in Q1 2022.
- Historically, EBT Margin has averaged 9.64% across 5 years, with a median of 10.04% in 2023.
- The sharpest annual moves came in 2022 and 2026: EBT Margin surged 1181 bps in 2022, then tumbled 535 bps in 2026.
- A 5-year view of EBT Margin shows it stood at 10.26% in 2022, then plunged by 49 bps to 5.22% in 2023, then surged by 141 bps to 12.59% in 2024, then fell by 29 bps to 8.95% in 2025, then declined by 27 bps to 6.55% in 2026.
- The last three EBT Margin figures came in at 6.55% (Q1 2026), 8.95% (Q4 2025), and 8.58% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,551.03 Bn | 2,407.94 Bn | 171.21 Bn | 21.94% |
| 2 | Mercadolibre | 82.72 Bn | 77.07 Bn | 3.86 Bn | 6.55% |
| 3 | DoorDash | 72.09 Bn | 67.22 Bn | 2.04 Bn | 4.73% |
| 4 | PDD Holdings | 62.92 Bn | 38.25 Bn | 12.81 Bn | 22.37% |
| 5 | Ebay | 48.30 Bn | 44.44 Bn | 2.29 Bn | 20.01% |
| 6 | Coupang | 34.44 Bn | 34.35 Bn | 2.30 Bn | -3.00% |
| 7 | Zkh | 14.36 Bn | 14.36 Bn | 285.30 Mn | -0.45% |
| 8 | Wayfair | 10.72 Bn | 9.65 Bn | 880.00 Mn | -3.55% |
| 9 | Maplebear | 10.27 Bn | 9.58 Bn | 738.00 Mn | 18.45% |
| 10 | Chewy | 7.37 Bn | 6.85 Bn | 1.01 Bn | 3.91% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 6.55% |
| Dec 31, 2025 | 8.95% |
| Sep 30, 2025 | 8.58% |
| Jun 30, 2025 | 10.54% |
| Mar 31, 2025 | 11.90% |
| Dec 31, 2024 | 12.59% |
| Sep 30, 2024 | 9.79% |
| Jun 30, 2024 | 13.17% |
| Mar 31, 2024 | 11.10% |
| Dec 31, 2023 | 5.22% |
| Sep 30, 2023 | 13.52% |
| Jun 30, 2023 | 13.17% |
| Mar 31, 2023 | 10.04% |
| Dec 31, 2022 | 10.26% |
| Sep 30, 2022 | 7.36% |
| Jun 30, 2022 | 6.28% |
| Mar 31, 2022 | 4.94% |
| Dec 31, 2021 | -1.55% |
| Sep 30, 2021 | 6.78% |
| Jun 30, 2021 | 8.10% |