Mercadolibre (MELI) Tax Rate (2009 - 2026)
Mercadolibre (MELI) posted quarterly Tax Rate of 27.98% for Q1 2026, down 205.0% year-over-year from 26.65% in Q1 2025, and down 2.51% on a QoQ basis from 28.7% in Q4 2025.
Mercadolibre (MELI) Tax Rate (2009 - 2026) Analysis & Trends
Mercadolibre (MELI) has reported Tax Rate for 18 consecutive years, with 27.98% the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Rate fell 205.0% year-over-year to 27.98%; the TTM figure through Mar 2026 stood at 29.28% (up 685.0% YoY), while the FY2025 annual figure was 29.73%, up 831.0% from the prior year.
- Tax Rate came in at 27.98% for Q1 2026 at Mercadolibre, down from 28.7% in the prior quarter.
- The five-year high for Tax Rate was 46.75% in Q4 2022, with the low at 16.25% in Q4 2024.
- Average Tax Rate over 5 years is 30.98%, with a median of 28.7% recorded in 2025.
- The largest YoY upside for Tax Rate was 5887 bps in 2022 against a maximum downside of 39856 bps in 2022.
- Year by year, Tax Rate stood at 46.75% in 2022, then slumped by 40 bps to 28.26% in 2023, then tumbled by 42 bps to 16.25% in 2024, then surged by 77 bps to 28.7% in 2025, then fell by 3 bps to 27.98% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 27.98%, 28.7%, and 33.81% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,596.58 Bn | 2,453.49 Bn | 171.21 Bn | 24.00% |
| 2 | PDD Holdings | 461.36 Bn | 436.70 Bn | 12.81 Bn | -24.77% |
| 3 | Zkh | 323.97 Bn | 323.97 Bn | 286.49 Mn | 5.40% |
| 4 | Mercadolibre | 88.32 Bn | 82.67 Bn | 3.86 Bn | 27.98% |
| 5 | DoorDash | 82.24 Bn | 77.38 Bn | 2.04 Bn | 4.19% |
| 6 | Ebay | 49.85 Bn | 45.99 Bn | 2.29 Bn | 17.15% |
| 7 | Coupang | 33.12 Bn | 33.03 Bn | 2.30 Bn | -4.31% |
| 8 | Wayfair | 12.46 Bn | 11.40 Bn | 880.00 Mn | -0.96% |
| 9 | Maplebear | 10.73 Bn | 10.04 Bn | 738.00 Mn | 23.40% |
| 10 | Chewy | 8.52 Bn | 8.00 Bn | 1.01 Bn | 27.80% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 27.98 |
| Mar 31, 2026 | 27.98 |
| Dec 31, 2025 | 28.70 |
| Dec 31, 2025 | 28.70 |
| Sep 30, 2025 | 33.81 |
| Sep 30, 2025 | 33.81 |
| Jun 30, 2025 | 26.96 |
| Jun 30, 2025 | 26.96 |
| Mar 31, 2025 | 30.03 |
| Mar 31, 2025 | 30.03 |
| Dec 31, 2024 | 16.25 |
| Dec 31, 2024 | 16.25 |
| Sep 30, 2024 | 23.65 |
| Sep 30, 2024 | 23.65 |
| Jun 30, 2024 | 20.51 |
| Jun 30, 2024 | 20.51 |
| Mar 31, 2024 | 28.48 |
| Mar 31, 2024 | 28.48 |
| Dec 31, 2023 | 28.26 |
| Dec 31, 2023 | 28.26 |