Mercadolibre (MELI) Net Margin (2009 - 2026)
Mercadolibre (MELI) posted Net Margin of 4.58% for Q2 2026, down 2.8% on a QoQ basis from 4.71% in Q1 2026, and down 312.0% year-over-year from 2.16% in Q2 2025.
Powered by 
Analysis
Mercadolibre (MELI) Net Margin (2009 - 2026) Analysis & Trends
Mercadolibre has reported Net Margin for 18 years, with the latest figure at 4.58% in Q2 2026.
- On a quarterly basis, Net Margin fell 312.0% year-over-year to 4.58% in Q2 2026; TTM through Jun 2026 was 5.3%, a 322.0% decrease from a year earlier, with the FY2025 full-year figure at 6.91%, down 229.0% from the prior year.
- Net Margin was 4.58% for Q2 2026 at Mercadolibre, down from 4.71% 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 6.56%, with a median of 6.3% recorded in 2023.
- The sharpest annual moves came in 2022 and 2025: Net Margin surged 761 bps in 2022, then tumbled 416 bps in 2025.
- Over 5 years, Net Margin 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 declined by 28 bps to 4.58% in 2026.
- The last three Net Margin figures came in at 4.58% (Q2 2026), 4.71% (Q1 2026), and 6.38% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alibaba Group Holding | 263.05 Bn | 227.79 Bn | 15.11 Bn | 3.92% |
| 2 | Booking Holdings | 126.16 Bn | 108.94 Bn | 4.98 Bn | 26.52% |
| 3 | PDD Holdings | 112.31 Bn | 82.02 Bn | 9.45 Bn | 24.19% |
| 4 | Airbnb | 98.07 Bn | 86.00 Bn | 2.98 Bn | 22.62% |
| 5 | Mercadolibre | 90.61 Bn | 75.42 Bn | 4.16 Bn | 4.58% |
| 6 | Ebay | 49.77 Bn | 46.46 Bn | 2.30 Bn | 17.55% |
| 7 | Expedia | 31.98 Bn | 24.85 Bn | 3.91 Bn | 20.28% |
| 8 | Maplebear | 10.57 Bn | 9.72 Bn | 751.00 Mn | 10.45% |
| 9 | Full Truck Alliance | 7.59 Bn | 6.63 Bn | - | - |
| 10 | Etsy | 6.70 Bn | 5.58 Bn | 484.05 Mn | -6.98% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.58% |
| 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 | 4.80% |
| Jun 30, 2022 | 4.74% |
| Mar 31, 2022 | 2.89% |
| Dec 31, 2021 | -2.15% |
| Sep 30, 2021 | 5.11% |
API Access
Mercadolibre Net 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=net-margin&ticker=MELI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=MELI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();