Mercadolibre (MELI) Net Margin (2009 - 2026)
Mercadolibre (MELI) posted quarterly Net Margin of 4.71% for Q1 2026, down 361.0% year-over-year from 1.81% in Q1 2025, and down 26.13% quarter-over-quarter from 6.38% in Q4 2025.
Mercadolibre (MELI) Net Margin (2009 - 2026) Analysis & Trends
Mercadolibre's Net Margin history runs 18 years deep, the most recent figure standing at 4.71% for Q1 2026.
- In Q1 2026, Net Margin fell 361.0% year-over-year to 4.71%; the TTM figure through Mar 2026 stood at 6.04% (down 317.0% YoY), while the FY2025 annual figure 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.
- The 5-year median for Net Margin is 6.38% (2025), against an average of 6.68%.
- The sharpest annual moves came in 2022 and 2025: Net Margin soared 761 bps in 2022, then tumbled 416 bps in 2025.
- Mercadolibre's Net Margin stood at 5.46% in 2022, then tumbled by 31 bps to 3.74% in 2023, then surged by 182 bps to 10.55% in 2024, then sank by 39 bps to 6.38% in 2025, then decreased by 26 bps to 4.71% in 2026.
- Business Quant data shows MELI's Net Margin at 4.71% in Q1 2026, 6.38% in Q4 2025, and 5.68% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,928.58 Bn | 2,805.59 Bn | 198.88 Bn | 24.31% |
| 2 | PDD Holdings | 506.82 Bn | 447.28 Bn | 9.83 Bn | 19.81% |
| 3 | Mercadolibre | 98.21 Bn | 83.01 Bn | 4.16 Bn | 4.58% |
| 4 | DoorDash | 93.40 Bn | 88.05 Bn | 2.35 Bn | 4.47% |
| 5 | JD.com | 87.13 Bn | 57.95 Bn | 7.66 Bn | 1.62% |
| 6 | Sea | 78.16 Bn | 69.64 Bn | 3.15 Bn | 12.24% |
| 7 | Ebay | 47.37 Bn | 44.06 Bn | 2.30 Bn | -0.06% |
| 8 | Coupang | 29.76 Bn | 23.65 Bn | 2.49 Bn | -6.44% |
| 9 | Zkh | 16.19 Bn | 16.19 Bn | 51.11 Mn | 0.00% |
| 10 | Wayfair | 13.70 Bn | 12.56 Bn | 1.05 Bn | -0.03% |
Historic Data
Download 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% |