KPIs & Operating Metrics(New)
Growth Metrics

Mercadolibre (MELI) Gross Margin (2016 - 2025)

Mercadolibre has reported Gross Margin over the past 17 years, most recently at 43.2% for Q4 2025.

  • Quarterly results put Gross Margin at 43.2% for Q4 2025, down 217.0% from a year ago — trailing twelve months through Dec 2025 was 44.5% (down 159.0% YoY), and the annual figure for FY2025 was 44.5%, down 159.0%.
  • Gross Margin for Q4 2025 was 43.2% at Mercadolibre, roughly flat from 43.31% in the prior quarter.
  • Over the last five years, Gross Margin for MELI hit a ceiling of 53.35% in Q3 2023 and a floor of 40.05% in Q4 2021.
  • Median Gross Margin over the past 5 years was 46.56% (2023), compared with a mean of 46.57%.
  • Biggest five-year swings in Gross Margin: surged 852bps in 2022 and later plummeted -743bps in 2024.
  • Mercadolibre's Gross Margin stood at 40.05% in 2021, then rose by 21bps to 48.57% in 2022, then fell by -4bps to 46.5% in 2023, then dropped by -2bps to 45.37% in 2024, then decreased by -5bps to 43.2% in 2025.
  • The last three reported values for Gross Margin were 43.2% (Q4 2025), 43.31% (Q3 2025), and 45.57% (Q2 2025) per Business Quant data.