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

1,739.14 76.98 +4.63%
Market cap
$84.3B
P/E
45.4×
Fwd P/E
42.6×
Dividend yield
—
F-score
5/9
Altman Z
2.96
Beneish M
−3.04
Dividend safety
n/a

MercadoLibre, Inc. (MELI) Operating margin

Alert me on 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

Against its own ten years

Low −6.67% High 21.4%
Ten-year median 9.92%
Current reading's percentile 50

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

The full definition of Operating margin →

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