Mercadolibre (MELI) Net Margin (2009 - 2026)
Mercadolibre (MELI) reported Net Margin of 4.58% for Q2 2026, down 3.12 percentage points from 7.70% a year earlier and down 0.13 percentage points from the prior quarter.
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Analysis
Mercadolibre (MELI) Net Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Mercadolibre's Net Margin came in at 5.30%, down 3.22 percentage points year-over-year; for FY2025, it came in at 6.91%, down 2.29 percentage points from FY2024.
- Net Margin has a five-year change of +7.01 percentage points (FY2020 to FY2025).
- By year, Net Margin came in at 9.20% in FY2024 (+2.66 pp), 6.53% in FY2023 (+2.06 pp), 4.47% in FY2022 (+3.29 pp) and 1.18% in FY2021 (+1.28 pp).
- The Q2 2026 figure ranks as the lowest quarterly Net Margin since Q4 2023.
- Year over year, Net Margin has now declined in each of the last five quarters, with an average year-over-year change of -1.24 percentage points over the last eight quarters.
- The high point for year-over-year Net Margin in five years was Q4 2022 (a gain of 7.64 percentage points); the low point was Q4 2025 (a drop of 4.16 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 4.71% (Q1 2026), 6.38% (Q4 2025) and 5.68% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn | 20.51% |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn | 15.26% |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn | 28.46% |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn | 3.92% |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn | 12.35% |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn | 3.47% |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn | 65.86% |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn | 10.42% |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - | 30.55% |
| 10 | Mercadolibre | 76.60 Bn | 52.63 Bn | 4.16 Bn | 4.58% |
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 | 6.31% |
| Dec 31, 2022 | 5.50% |
| 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% |
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();