Mercadolibre (MELI) Gross Margin (2009 - 2026)

Mercadolibre's Gross Margin history runs 18 years deep, the most recent figure standing at 43.66% for Q1 2026.

• In Q1 2026, Gross Margin fell 303.0% year-over-year to 43.66%; the TTM figure through Mar 2026 stood at 43.86% (down 227.0% YoY), while the FY2025 annual figure was 44.5%, down 159.0% from the prior year.
• Gross Margin for Q1 2026 stood at 43.66%, up from 43.2% in the prior quarter.
• The five-year high for Gross Margin was 53.35% in Q3 2023, with the low at 43.2% in Q4 2025.
• The 5-year median for Gross Margin is 46.69% (2025), against an average of 47.32%.
• The sharpest annual moves came in 2022 and 2024: Gross Margin surged 852 bps in 2022, then sank 743 bps in 2024.
• Mercadolibre's Gross Margin stood at 48.57% in 2022, then dropped by 4 bps to 46.5% in 2023, then decreased by 2 bps to 45.37% in 2024, then fell by 5 bps to 43.2% in 2025, then rose by 1 bps to 43.66% in 2026.
• Business Quant data shows MELI's Gross Margin at 43.66% in Q1 2026, 43.2% in Q4 2025, and 43.31% in Q3 2025.