Mercadolibre (MELI) FCF Margin (2009 - 2026)
Mercadolibre (MELI) recorded quarterly FCF Margin of 20.4% in Q1 2026, down 62.64% quarter-over-quarter from 54.6% in Q4 2025, and up 761.0% on a YoY basis from 2.37% in Q1 2025.
Mercadolibre (MELI) FCF Margin (2009 - 2026) Analysis & Trends
Mercadolibre's FCF Margin history runs 18 years deep, the most recent figure standing at 20.4% for Q1 2026.
- In Q1 2026, FCF Margin rose 761.0% year-over-year to 20.4%; the TTM figure through Mar 2026 stood at 37.16% (up 832.0% YoY), while the FY2025 annual figure was 37.29%, up 332.0% from the prior year.
- FCF Margin was 20.4% for Q1 2026 at Mercadolibre, down from 54.6% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 54.6% in Q4 2025 to a low of 16.46% in Q1 2022.
- Historically, FCF Margin has averaged 29.51% across 5 years, with a median of 31.48% in 2024.
- The sharpest annual moves came in 2023 and 2025: FCF Margin soared 4063 bps in 2023, then plunged 1869 bps in 2025.
- A 5-year view of FCF Margin shows it stood at 47.6% in 2022, then fell by 17 bps to 39.65% in 2023, then gained by 9 bps to 43.22% in 2024, then increased by 26 bps to 54.6% in 2025, then tumbled by 63 bps to 20.4% in 2026.
- The last three FCF Margin figures came in at 20.4% (Q1 2026), 54.6% (Q4 2025), and 35.12% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,551.03 Bn | 2,407.94 Bn | 171.21 Bn | -10.01% |
| 2 | Mercadolibre | 82.72 Bn | 77.07 Bn | 3.86 Bn | 20.40% |
| 3 | DoorDash | 72.09 Bn | 67.22 Bn | 2.04 Bn | 11.82% |
| 4 | PDD Holdings | 62.92 Bn | 38.25 Bn | 12.81 Bn | 19.47% |
| 5 | Ebay | 48.30 Bn | 44.44 Bn | 2.29 Bn | 29.07% |
| 6 | Coupang | 34.44 Bn | 34.35 Bn | 2.30 Bn | -1.32% |
| 7 | Zkh | 14.36 Bn | 14.36 Bn | 285.30 Mn | - |
| 8 | Wayfair | 10.72 Bn | 9.65 Bn | 880.00 Mn | -1.98% |
| 9 | Maplebear | 10.27 Bn | 9.58 Bn | 738.00 Mn | 24.73% |
| 10 | Chewy | 7.37 Bn | 6.85 Bn | 1.01 Bn | 2.11% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 20.40% |
| Dec 31, 2025 | 54.60% |
| Sep 30, 2025 | 35.12% |
| Jun 30, 2025 | 38.73% |
| Mar 31, 2025 | 12.79% |
| Dec 31, 2024 | 43.22% |
| Sep 30, 2024 | 25.92% |
| Jun 30, 2024 | 33.47% |
| Mar 31, 2024 | 31.48% |
| Dec 31, 2023 | 39.65% |
| Sep 30, 2023 | 20.75% |
| Jun 30, 2023 | 36.21% |
| Mar 31, 2023 | 24.17% |
| Dec 31, 2022 | 47.60% |
| Sep 30, 2022 | 22.97% |
| Jun 30, 2022 | 31.11% |
| Mar 31, 2022 | -16.46% |
| Dec 31, 2021 | 25.96% |
| Sep 30, 2021 | 5.54% |
| Jun 30, 2021 | 6.69% |