Mercadolibre Inc (MELI) Gross Margin (2009 - 2026)

Mercadolibre (MELI) has reported Gross Margin for 18 consecutive years, with 43.66% the latest figure, recorded in 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 came in at 43.66% for Q1 2026 at Mercadolibre, 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.
• Average Gross Margin over 5 years is 47.32%, with a median of 46.69% recorded in 2025.
• Across the five-year window, Gross Margin soared 852 bps in 2022 and tumbled 743 bps in 2024, its largest moves.
• Year by year, Gross Margin stood at 48.57% in 2022, then decreased by 4 bps to 46.5% in 2023, then fell by 2 bps to 45.37% in 2024, then dropped by 5 bps to 43.2% in 2025, then grew by 1 bps to 43.66% in 2026.
• According to Business Quant data, Gross Margin over the past three periods registered 43.66%, 43.2%, and 43.31% for Q1 2026, Q4 2025, and Q3 2025 respectively.