Mercadolibre (MELI) FCF Margin (2009 - 2026)
Mercadolibre (MELI) posted FCF Margin of 31.67% for Q2 2026, up 55.3% on a QoQ basis from 20.4% in Q1 2026, and down 706.0% year-over-year from 5.23% in Q2 2025.
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Analysis
Mercadolibre (MELI) FCF Margin (2009 - 2026) Analysis & Trends
Mercadolibre has reported FCF Margin for 18 years, with the latest figure at 31.67% in Q2 2026.
- On a quarterly basis, FCF Margin fell 706.0% year-over-year to 31.67% in Q2 2026; TTM through Jun 2026 was 35.27%, a 462.0% increase from a year earlier, with the FY2025 full-year figure at 37.29%, up 332.0% from the prior year.
- FCF Margin was 31.67% for Q2 2026 at Mercadolibre, up from 20.4% in the prior quarter.
- The five-year high for FCF Margin was 54.6% in Q4 2025, with the low at 16.46% in Q1 2022.
- Average FCF Margin over 5 years is 29.63%, with a median of 31.58% recorded in 2024.
- The sharpest annual moves came in 2023 and 2025: FCF Margin jumped 4063 bps in 2023, then tumbled 1869 bps in 2025.
- Over 5 years, FCF Margin stood at 47.6% in 2022, then retreated by 17 bps to 39.65% in 2023, then advanced by 9 bps to 43.22% in 2024, then rose by 26 bps to 54.6% in 2025, then tumbled by 42 bps to 31.67% in 2026.
- The last three FCF Margin figures came in at 31.67% (Q2 2026), 20.4% (Q1 2026), and 54.6% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alibaba Group Holding | 263.05 Bn | 227.79 Bn | 15.11 Bn | 33.57% |
| 2 | Booking Holdings | 126.16 Bn | 108.94 Bn | 4.98 Bn | 49.55% |
| 3 | PDD Holdings | 112.31 Bn | 82.02 Bn | 9.45 Bn | 22.77% |
| 4 | Airbnb | 98.07 Bn | 86.00 Bn | 2.98 Bn | 35.20% |
| 5 | Mercadolibre | 90.61 Bn | 75.42 Bn | 4.16 Bn | 31.67% |
| 6 | Ebay | 49.77 Bn | 46.46 Bn | 2.30 Bn | 10.40% |
| 7 | Expedia | 31.98 Bn | 24.85 Bn | 3.91 Bn | 29.64% |
| 8 | Maplebear | 10.57 Bn | 9.72 Bn | 751.00 Mn | 46.12% |
| 9 | Full Truck Alliance | 7.59 Bn | 6.63 Bn | - | - |
| 10 | Etsy | 6.70 Bn | 5.58 Bn | 484.05 Mn | 23.85% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 31.67% |
| 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% |
API Access
Mercadolibre FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=MELI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "MELI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=MELI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();