Mercadolibre (MELI) Operating Expenses (2009 - 2026)

Mercadolibre has reported Operating Expenses for 18 years, with the latest figure at $3.3 billion in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 61.9% year-over-year to $3.3 billion; the trailing twelve-month figure through Mar 2026 stood at $10.9 billion (up 46.15% YoY), and the FY2025 full-year result was $9.7 billion, up 39.03% from the prior year.
• Operating Expenses for Q1 2026 stood at $3.3 billion, up from $2.9 billion in the prior quarter.
• The five-year high for Operating Expenses was $3.3 billion in Q1 2026, with the low at $934.0 million in Q1 2022.
• Average Operating Expenses over 5 years is $1.7 billion, with a median of $1.6 billion recorded in 2024.
• Year-over-year, Operating Expenses jumped 86.8% in 2022 and grew 12.38% in 2023.
• Tracing MELI's Operating Expenses over 5 years: stood at $1.1 billion in 2022, then soared by 54.64% to $1.7 billion in 2023, then grew by 12.48% to $1.9 billion in 2024, then soared by 50.08% to $2.9 billion in 2025, then rose 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.

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