Mercadolibre (MELI) Net Margin (2009 - 2026)
Mercadolibre's quarterly Net Margin came in at 4.71% in Q1 2026, down 361.0% year-on-year from 1.81% in Q1 2025, and down 26.13% quarter-over-quarter from 6.38% in Q4 2025.
Mercadolibre has reported Net Margin for 18 years, with the latest figure at 4.71% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 361.0% year-over-year to 4.71%; the trailing twelve-month figure through Mar 2026 stood at 6.04% (down 317.0% YoY), and the FY2025 full-year result was 6.91%, down 229.0% from the prior year.
- Net Margin for Q1 2026 stood at 4.71%, down from 6.38% in the prior quarter.
- The five-year high for Net Margin was 10.55% in Q4 2024, with the low at 2.89% in Q1 2022.
- Average Net Margin over 5 years is 6.68%, with a median of 6.38% recorded in 2025.
- Year-over-year, Net Margin soared 761 bps in 2022 and plunged 416 bps in 2025.
- Tracing MELI's Net Margin over 5 years: stood at 5.46% in 2022, then tumbled by 31 bps to 3.74% in 2023, then jumped by 182 bps to 10.55% in 2024, then sank by 39 bps to 6.38% in 2025, then dropped by 26 bps to 4.71% in 2026.
- The last three Net Margin figures came in at 4.71% (Q1 2026), 6.38% (Q4 2025), and 5.68% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,861.08 Bn | 2,717.99 Bn | 171.21 Bn | 16.68% |
| 2 | Alibaba Group Holding | 348.49 Bn | 315.38 Bn | 12.18 Bn | 10.47% |
| 3 | Mercadolibre | 84.38 Bn | 78.73 Bn | 3.86 Bn | 4.71% |
| 4 | DoorDash | 69.78 Bn | 64.91 Bn | 2.04 Bn | 4.53% |
| 5 | Ebay | 51.86 Bn | 48.00 Bn | 2.29 Bn | - |
| 6 | Coupang | 29.42 Bn | 29.33 Bn | 2.30 Bn | -3.13% |
| 7 | Maplebear | 9.86 Bn | 9.17 Bn | 738.00 Mn | 14.13% |
| 8 | Wayfair | 8.79 Bn | 7.72 Bn | 880.00 Mn | -3.58% |
| 9 | Chewy | 8.58 Bn | 7.71 Bn | 959.70 Mn | 1.20% |
| 10 | Etsy | 6.00 Bn | 4.58 Bn | 455.60 Mn | -5.54% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.71% |
| Dec 31, 2025 | 6.38% |
| Sep 30, 2025 | 5.68% |
| Jun 30, 2025 | 7.70% |
| Mar 31, 2025 | 8.32% |
| Dec 31, 2024 | 10.55% |
| Sep 30, 2024 | 7.47% |
| Jun 30, 2024 | 10.47% |
| Mar 31, 2024 | 7.94% |
| Dec 31, 2023 | 3.74% |
| Sep 30, 2023 | 9.14% |
| Jun 30, 2023 | 7.31% |
| Mar 31, 2023 | 6.21% |
| Dec 31, 2022 | 5.46% |
| Sep 30, 2022 | 4.87% |
| Jun 30, 2022 | 4.74% |
| Mar 31, 2022 | 2.89% |
| Dec 31, 2021 | -2.15% |
| Sep 30, 2021 | 5.11% |
| Jun 30, 2021 | 3.99% |
| Mar 31, 2021 | -2.47% |
| Dec 31, 2020 | -3.83% |
| Sep 30, 2020 | 1.26% |
| Jun 30, 2020 | 6.26% |
| Mar 31, 2020 | -3.39% |
| Dec 31, 2019 | -8.16% |
| Sep 30, 2019 | -24.39% |
| Jun 30, 2019 | 2.79% |
| Mar 31, 2019 | 1.27% |
| Dec 31, 2018 | -0.55% |
| Sep 30, 2018 | -2.84% |
| Jun 30, 2018 | -3.36% |
| Mar 31, 2018 | -4.02% |
| Dec 31, 2017 | -18.91% |
| Sep 30, 2017 | 9.07% |
| Jun 30, 2017 | 1.87% |
| Mar 31, 2017 | 17.99% |
| Dec 31, 2016 | 17.62% |
| Sep 30, 2016 | 16.86% |
| Jun 30, 2016 | 7.94% |
| Mar 31, 2016 | 19.19% |
| Dec 31, 2015 | 21.56% |
| Sep 30, 2015 | 27.06% |
| Jun 30, 2015 | 12.61% |
| Mar 31, 2015 | 1.16% |
| Dec 31, 2014 | 33.19% |
| Sep 30, 2014 | 22.82% |
| Jun 30, 2014 | -19.41% |
| Mar 31, 2014 | 26.23% |
| Dec 31, 2013 | 30.28% |
| Sep 30, 2013 | 23.80% |
| Jun 30, 2013 | 26.72% |
| Mar 31, 2013 | 17.02% |
| Dec 31, 2012 | 29.10% |
| Sep 30, 2012 | 26.77% |
| Jun 30, 2012 | 28.36% |
| Mar 31, 2012 | 23.45% |
| Dec 31, 2011 | 24.99% |
| Sep 30, 2011 | 32.21% |
| Jun 30, 2011 | 21.36% |
| Mar 31, 2011 | 22.87% |
| Dec 31, 2010 | 25.57% |
| Sep 30, 2010 | 33.58% |
| Jun 30, 2010 | 22.23% |
| Mar 31, 2010 | 78.86% |
| Dec 31, 2009 | 23.02% |
| Sep 30, 2009 | 19.47% |
| Jun 30, 2009 | 16.33% |