Mercadolibre (MELI) Operating Margin (2009 - 2026)

Mercadolibre's Operating Margin history runs 18 years deep, the most recent figure standing at 6.91% for Q1 2026.

• In Q1 2026, Operating Margin fell 595.0% year-over-year to 6.91%; the TTM figure through Mar 2026 stood at 9.59% (down 322.0% YoY), while the FY2025 annual figure was 11.08%, down 158.0% from the prior year.
• Operating Margin for Q1 2026 stood at 6.91%, down from 10.15% in the prior quarter.
• The five-year high for Operating Margin was 19.99% in Q3 2023, with the low at 6.18% in Q1 2022.
• The 5-year median for Operating Margin is 12.15% (2025), against an average of 11.84%.
• The sharpest annual moves came in 2022 and 2024: Operating Margin soared 1166 bps in 2022, then tumbled 950 bps in 2024.
• Mercadolibre's Operating Margin stood at 12.79% in 2022, then plunged by 41 bps to 7.6% in 2023, then surged by 78 bps to 13.53% in 2024, then dropped by 25 bps to 10.15% in 2025, then plunged by 32 bps to 6.91% in 2026.
• Business Quant data shows MELI's Operating Margin at 6.91% in Q1 2026, 10.15% in Q4 2025, and 9.77% in Q3 2025.