Mercadolibre (MELI) Operating Expenses (2009 - 2026)
Mercadolibre (MELI) posted quarterly Operating Expenses of $3.3 billion for Q1 2026, up 61.9% year-over-year from $2.0 billion in Q1 2025, and up 12.3% quarter-over-quarter from $2.9 billion in Q4 2025.
Mercadolibre (MELI) Operating Expenses (2009 - 2026) Analysis & Trends
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 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.
- The 5-year median for Operating Expenses is $1.6 billion (2024), against an average of $1.7 billion.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses jumped 86.8% in 2022, then gained 12.38% in 2023.
- Mercadolibre's Operating Expenses stood at $1.1 billion in 2022, then jumped by 54.64% to $1.7 billion in 2023, then advanced by 12.48% to $1.9 billion in 2024, then jumped by 50.08% to $2.9 billion in 2025, then grew by 12.3% to $3.3 billion in 2026.
- Business Quant data shows MELI's Operating Expenses at $3.3 billion in Q1 2026, $2.9 billion in Q4 2025, and $2.5 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,927.45 Bn | 2,804.46 Bn | 198.88 Bn | 330.81 Bn |
| 2 | PDD Holdings | 507.18 Bn | 447.64 Bn | 9.83 Bn | -5.87 Bn |
| 3 | Mercadolibre | 97.45 Bn | 82.26 Bn | 4.16 Bn | 3.48 Bn |
| 4 | DoorDash | 92.85 Bn | 87.50 Bn | 2.35 Bn | 4.30 Bn |
| 5 | JD.com | 87.53 Bn | 58.35 Bn | 7.66 Bn | -1.51 Bn |
| 6 | Sea | 78.11 Bn | 69.59 Bn | 3.15 Bn | -2.55 Bn |
| 7 | Ebay | 47.50 Bn | 44.19 Bn | 2.30 Bn | 1.63 Bn |
| 8 | Coupang | 29.76 Bn | 23.65 Bn | 2.49 Bn | 9.41 Bn |
| 9 | Zkh | 16.08 Bn | 16.08 Bn | 51.11 Mn | -23.28 Mn |
| 10 | Wayfair | 13.69 Bn | 12.55 Bn | 1.05 Bn | 950.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.48 Bn |
| Mar 31, 2026 | 3.25 Bn |
| Dec 31, 2025 | 2.90 Bn |
| Sep 30, 2025 | 2.49 Bn |
| Jun 30, 2025 | 2.27 Bn |
| Mar 31, 2025 | 2.01 Bn |
| Dec 31, 2024 | 1.93 Bn |
| Sep 30, 2024 | 1.88 Bn |
| Jun 30, 2024 | 1.64 Bn |
| Mar 31, 2024 | 1.50 Bn |
| Dec 31, 2023 | 1.72 Bn |
| Sep 30, 2023 | 1.31 Bn |
| Jun 30, 2023 | 1.16 Bn |
| Mar 31, 2023 | 1.20 Bn |
| Dec 31, 2022 | 1.11 Bn |
| Sep 30, 2022 | 1.05 Bn |
| Jun 30, 2022 | 1.03 Bn |
| Mar 31, 2022 | 934.00 Mn |
| Dec 31, 2021 | 829.00 Mn |
| Sep 30, 2021 | 647.00 Mn |