Mercadolibre (MELI) Operating Expenses (2009 - 2026)

Mercadolibre's Operating Expenses history runs 18 years deep, the most recent figure standing at $3.3 billion for Q1 2026.

• In Q1 2026, Operating Expenses rose 61.9% year-over-year to $3.3 billion; the TTM figure through Mar 2026 stood at $10.9 billion (up 46.15% YoY), while the FY2025 annual figure was $9.7 billion, up 39.03% from the prior year.
• Operating Expenses was $3.3 billion for Q1 2026 at Mercadolibre, up from $2.9 billion in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $3.3 billion in Q1 2026 to a low of $934.0 million in Q1 2022.
• Historically, Operating Expenses has averaged $1.7 billion across 5 years, with a median of $1.6 billion in 2024.
• The sharpest annual moves came in 2022 and 2023: Operating Expenses surged 86.8% in 2022, then advanced 12.38% in 2023.
• A 5-year view of Operating Expenses shows it stood at $1.1 billion in 2022, then surged by 54.64% to $1.7 billion in 2023, then climbed by 12.48% to $1.9 billion in 2024, then surged by 50.08% to $2.9 billion in 2025, then increased by 12.3% to $3.3 billion in 2026.
• The last three Operating Expenses figures came in at $3.3 billion (Q1 2026), $2.9 billion (Q4 2025), and $2.5 billion (Q3 2025), per Business Quant data.