Mercadolibre (MELI) Return on Capital Employed [ROCE] (2010 - 2026)
Mercadolibre's Return on Capital Employed [ROCE] was 22.76% in Q2 2026, down 11.86 percentage points from 34.62% a year earlier and down 1.00 percentage points from the prior quarter.
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Analysis
Mercadolibre (MELI) Return on Capital Employed [ROCE] (2010 - 2026) Analysis & Trends
For FY2025, Return on Capital Employed [ROCE] at Mercadolibre came in at 60.41%, up 5.61 percentage points from FY2024.
- Return on Capital Employed [ROCE] has now increased for seven consecutive years, with a five-year change of +54.07 percentage points (FY2020 to FY2025).
- In earlier years, Return on Capital Employed [ROCE] was 54.80% in FY2024 (+4.77 pp), 50.03% in FY2023 (+18.19 pp), 31.85% in FY2022 (+14.04 pp) and 17.81% in FY2021 (+11.46 pp).
- The Q2 2026 figure marks the lowest quarterly Return on Capital Employed [ROCE] since Q3 2022.
- Compared with a year earlier, Return on Capital Employed [ROCE] has declined for eight straight quarters, with an average year-over-year change of -6.16 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Capital Employed [ROCE] over five years was Q3 2023 (a gain of 26.88 percentage points); the worst was Q2 2026 (a drop of 11.86 percentage points).
- Per Business Quant data, MELI's Return on Capital Employed [ROCE] in the three quarters before Q2 2026 was 23.76% (Q1 2026), 28.98% (Q4 2025) and 30.42% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn | 18.96% |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn | 19.78% |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn | 33.64% |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn | 2.15% |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn | 15.96% |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn | 13.04% |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn | 85.44% |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn | 20.03% |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - | 96.01% |
| 10 | Mercadolibre | 76.60 Bn | 52.63 Bn | 4.16 Bn | 22.76% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.76% |
| Mar 31, 2026 | 23.76% |
| Dec 31, 2025 | 28.98% |
| Sep 30, 2025 | 30.42% |
| Jun 30, 2025 | 34.62% |
| Mar 31, 2025 | 34.22% |
| Dec 31, 2024 | 36.01% |
| Sep 30, 2024 | 30.60% |
| Jun 30, 2024 | 35.80% |
| Mar 31, 2024 | 38.10% |
| Dec 31, 2023 | 39.38% |
| Sep 30, 2023 | 41.95% |
| Jun 30, 2023 | 34.61% |
| Mar 31, 2023 | 26.22% |
| Dec 31, 2022 | 24.94% |
| Sep 30, 2022 | 15.08% |
| Jun 30, 2022 | 12.99% |
| Mar 31, 2022 | 11.28% |
| Dec 31, 2021 | 16.87% |
| Sep 30, 2021 | 17.95% |
API Access
Mercadolibre Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=MELI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "MELI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=MELI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();