Mercadolibre (MELI) Return on Invested Capital [ROIC] (2010 - 2026)
Mercadolibre's Return on Invested Capital [ROIC] was 11.66% in Q2 2026, down 6.75 percentage points from 18.41% a year earlier and down 1.35 percentage points from the prior quarter.
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Analysis
Mercadolibre (MELI) Return on Invested Capital [ROIC] (2010 - 2026) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at Mercadolibre came in at 17.30%, down 6.15 percentage points from FY2024.
- Return on Invested Capital [ROIC] shows a five-year change of +17.30 percentage points (FY2020 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was 23.45% in FY2024 (+3.69 pp), 19.76% in FY2023 (+8.41 pp), 11.36% in FY2022 (+7.20 pp) and 4.15% in FY2021 (+4.15 pp).
- The Q2 2026 figure marks the lowest quarterly Return on Invested Capital [ROIC] since Q4 2022.
- Compared with a year earlier, Return on Invested Capital [ROIC] has declined for five straight quarters, with an average year-over-year change of -2.84 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q3 2023 (a gain of 11.78 percentage points); the worst was Q1 2026 (a drop of 7.67 percentage points).
- Per Business Quant data, MELI's Return on Invested Capital [ROIC] in the three quarters before Q2 2026 was 13.01% (Q1 2026), 15.00% (Q4 2025) and 17.04% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn | 16.69% |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn | 21.70% |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn | 29.22% |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn | 2.39% |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn | - |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn | 12.36% |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn | 74.11% |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn | - |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - | 75.14% |
| 10 | Mercadolibre | 76.60 Bn | 52.63 Bn | 4.16 Bn | 11.66% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.66% |
| Mar 31, 2026 | 13.01% |
| Dec 31, 2025 | 15.00% |
| Sep 30, 2025 | 17.04% |
| Jun 30, 2025 | 18.41% |
| Mar 31, 2025 | 20.68% |
| Dec 31, 2024 | 21.29% |
| Sep 30, 2024 | 18.40% |
| Jun 30, 2024 | 21.52% |
| Mar 31, 2024 | 19.80% |
| Dec 31, 2023 | 18.95% |
| Sep 30, 2023 | 19.13% |
| Jun 30, 2023 | 14.76% |
| Mar 31, 2023 | 12.46% |
| Dec 31, 2022 | 10.24% |
| Sep 30, 2022 | 7.36% |
| Jun 30, 2022 | 6.59% |
| Mar 31, 2022 | 5.09% |
| Dec 31, 2021 | 4.26% |
| Sep 30, 2021 | 5.03% |
API Access
Mercadolibre Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=MELI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=MELI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();