Mercadolibre (MELI) Net Margin (2009 - 2025)

Mercadolibre (MELI) posted annual Net Margin of 6.91% for FY2025, down 24.85% year-over-year from 9.2% in FY2024.

Mercadolibre (MELI) Net Margin (2009 - 2025) Analysis & Trends

Mercadolibre's Net Margin history runs 17 years deep, the most recent figure standing at 6.91% for FY2025.

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 FY2025 stood at 6.91%, down from 9.2% in the prior year.
The five-year high for Net Margin was 9.2% in FY2024, with the low at 1.18% in FY2021.
The 5-year median for Net Margin is 6.51% (2023), against an average of 5.65%.
The sharpest annual moves came in 2022 and 2025: Net Margin jumped 329 bps in 2022, then sank 229 bps in 2025.
Mercadolibre's Net Margin stood at 1.18% in 2021, then jumped by 279 bps to 4.47% in 2022, then soared by 46 bps to 6.51% in 2023, then soared by 41 bps to 9.2% in 2024, then declined by 25 bps to 6.91% in 2025.
Business Quant data shows MELI's Net Margin at 6.91% in FY2025, 9.2% in FY2024, and 6.51% in FY2023.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Net Margin (Yr)
1	Amazon Com	2,865.58 Bn	2,742.60 Bn	198.88 Bn	-
2	PDD Holdings	472.15 Bn	412.61 Bn	9.83 Bn	22.66%
3	DoorDash	93.73 Bn	88.38 Bn	2.35 Bn	-
4	Mercadolibre	92.41 Bn	77.22 Bn	4.16 Bn	-
5	JD.com	80.21 Bn	51.03 Bn	7.66 Bn	-
6	Sea	73.19 Bn	64.67 Bn	3.15 Bn	-
7	Ebay	46.22 Bn	42.91 Bn	2.30 Bn	-
8	Coupang	29.15 Bn	23.04 Bn	2.49 Bn	-
9	Zkh	16.47 Bn	16.47 Bn	51.11 Mn	-
10	Wayfair	13.43 Bn	12.29 Bn	1.05 Bn	-

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