Mercadolibre (MELI) FCF Margin (2009 - 2026)
Mercadolibre's FCF Margin was 31.67% in Q2 2026, down 7.06 percentage points from 38.73% a year earlier but up 11.28 percentage points from the prior quarter.
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Analysis
Mercadolibre (MELI) FCF Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Mercadolibre's FCF Margin was 35.27% through Jun 30, 2026, up 4.62 percentage points year-over-year; for FY2025, it came in at 37.29%, up 3.32 percentage points from FY2024.
- FCF Margin has now increased for four consecutive years, with a five-year change of +13.76 percentage points (FY2020 to FY2025).
- In earlier years, FCF Margin was 33.97% in FY2024 (+3.32 pp), 30.65% in FY2023 (+7.60 pp), 23.05% in FY2022 (+17.51 pp) and 5.55% in FY2021 (-17.98 pp).
- Quarterly FCF Margin has moved between -16.46% (Q1 2022) and 54.60% (Q4 2025) over five years.
- Compared with a year earlier, FCF Margin was higher in six of the last eight quarters, with an average year-over-year change of +2.05 percentage points.
- The best year-over-year quarter for FCF Margin over five years was Q1 2023 (a gain of 40.63 percentage points); the worst was Q3 2021 (a drop of 21.01 percentage points).
- Per Business Quant data, MELI's FCF Margin in the three quarters before Q2 2026 was 20.40% (Q1 2026), 54.60% (Q4 2025) and 35.12% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,273.02 Bn | 4,030.55 Bn | 73.85 Bn | -4.89% |
| 2 | Meta Platforms | 1,882.67 Bn | 1,585.19 Bn | 49.47 Bn | 2.87% |
| 3 | Netflix | 292.72 Bn | 252.92 Bn | 6.52 Bn | 12.14% |
| 4 | Alibaba Group Holding | 258.66 Bn | 82.26 Bn | 15.11 Bn | 33.57% |
| 5 | Shopify | 221.29 Bn | 198.47 Bn | 1.71 Bn | 18.25% |
| 6 | Uber Technologies | 145.86 Bn | 117.84 Bn | 6.38 Bn | 19.67% |
| 7 | Booking Holdings | 120.48 Bn | 53.53 Bn | - | 49.55% |
| 8 | PDD Holdings | 115.79 Bn | -126.92 Bn | 9.45 Bn | 22.77% |
| 9 | Spotify Technology | 108.98 Bn | 66.21 Bn | 1.86 Bn | 17.50% |
| 10 | Mercadolibre | 95.81 Bn | 71.83 Bn | 4.16 Bn | 31.67% |
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();