Mercadolibre Inc (MELI) Operating Margin (2009 - 2026)

Mercadolibre (MELI) has reported Operating Margin for 18 consecutive years, with 6.91% the latest figure, recorded in 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 came in at 6.91% for Q1 2026 at Mercadolibre, 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.
• Average Operating Margin over 5 years is 11.84%, with a median of 12.15% recorded in 2025.
• Across the five-year window, Operating Margin jumped 1166 bps in 2022 and sank 950 bps in 2024, its largest moves.
• Year by year, Operating Margin stood at 12.79% in 2022, then slumped by 41 bps to 7.6% in 2023, then soared by 78 bps to 13.53% in 2024, then decreased by 25 bps to 10.15% in 2025, then slumped by 32 bps to 6.91% in 2026.
• According to Business Quant data, Operating Margin over the past three periods registered 6.91%, 10.15%, and 9.77% for Q1 2026, Q4 2025, and Q3 2025 respectively.