MercadoLibre, Inc.
MELI Consumer Cyclical Internet Retail
MercadoLibre, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $28.9 billion, up 39.1% from fiscal 2024.
- Revenue
- +49.8%
- EPS
- −10.9%
- Free cash flow
- +22.5%
- Total debt
- +45.5%
Quarter to June 2026, against a year earlier
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MercadoLibre, Inc. (MELI) Operating margin
MercadoLibre, Inc.'s operating margin over the twelve months to 30 June 2026 was 8.26%, down 2.8 percentage points from fiscal 2025 (11.1%). Over the past ten years it has ranged from −6.67% (fiscal 2019) to 21.4% (fiscal 2016); the current reading is higher than 64% of that period. That is above the Internet Retail industry median of 0.76% and above the Consumer Cyclical sector median of 3.97%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 11.1% | (1.58) |
| FY2024 | 12.7% | (1.95) |
| FY2023 | 14.6% | 4.69 |
| FY2022 | 9.92% | 3.68 |
| FY2021 | 6.24% | 3.02 |
| FY2020 | 3.22% | 9.89 |
| FY2019 | −6.67% | (1.84) |
| FY2018 | −4.83% | (9.46) |
| FY2017 | 4.63% | (16.81) |
| FY2016 | 21.4% | 0.08 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 6.72% | (0.19) |
| Mar 2026 | 6.91% | (3.24) |
| Dec 2025 | 10.2% | 0.38 |
| Sep 2025 | 9.77% | (2.38) |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| PDD PDD Holdings Inc. Sponsored ADR compare | 21.9% |
| EBAY eBay Inc. compare | 20.3% |
| MELI MercadoLibre, Inc. | 8.26% |
| SE Sea Limited Sponsored ADR compare | 8.24% |
| DASH DoorDash, Inc. compare | 5.25% |
| BABA Alibaba Group Holding Limited compare | 4.34% |
| W Wayfair Inc. compare | 1.67% |
| JD JD.com, Inc. compare | 0.15% |
| CPNG Coupang, Inc. compare | −3.43% |
| Internet Retail industry median | 0.76% |
| Consumer Cyclical sector median | 3.97% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
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