MELI MercadoLibre margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 63

Gross margin

42%

Operating margin

7.4%

EBITDA margin

10.1%

Net margin

4.9%

The MercadoLibre reports a gross margin of 42%, an operating margin of 7.4%, an EBITDA margin of 10.1%, and a net margin of 4.9%. All available margins contracted year over year, led by operating margin with a decline of 4.6 percentage points.

MELI margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, MercadoLibre's margins averaged 45.85% gross, 11.64% operating, 13.73% EBITDA, and 7.23% net. All four current margins are below their three-year averages.

MELI margin expansion

Year-over-year margin changes in percentage points

The largest decrease was in operating margin, which fell by 4.6 percentage points. The other available margins also declined.

Gross margin expansion

-3.1pp

Operating margin expansion

-4.6pp

EBITDA margin expansion

-4.1pp

Net margin expansion

-3pp

MELI Gross margin

Across the last 3 years, MercadoLibre's gross margin stood at 45.85%. MercadoLibre currently reports a gross margin of 42%, 3.9 percentage points below its three-year average. Gross margin was highest at 50.2% in Dec 2023 and lowest at 42% in Sep 2026.

MELI Operating margin

Across the last 3 years, MercadoLibre recorded an average operating margin of 11.64%. MercadoLibre's current operating margin is 7.4% and is 4.2 percentage points below its three-year average. The highest operating margin for MercadoLibre was 14.6% in Dec 2023, while the lowest was 7.4% in Sep 2026.

MELI EBITDA margin

MercadoLibre's EBITDA margin averaged 13.73% over the last 3 years. The current EBITDA margin of 10.1% is 3.6 percentage points below its three-year average. Over the last 3 years, MercadoLibre's EBITDA margin peaked at 15.5% in Mar 2025 and reached a low of 10.1% in Sep 2026.

MELI Net margin

Across the last 3 years, MercadoLibre's net margin averaged 7.23%. Against its three-year average, MercadoLibre's net margin is currently 4.9%, 2.3 percentage points below its three-year average. Net margin was highest at 9.2% in Mar 2025 and lowest at 4.9% in Sep 2026.

MELI margin group comparison

Margins compared with peer-group, industry and sector averages

MercadoLibre's gross margin of 42% is above the Consumer Cyclical sector average but below the industry and its peers average. Compared to its Consumer Cyclical sector average of 36.3%, MercadoLibre's gross margin is 16% higher.

MELI margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is MercadoLibre's gross margin?

The current gross margin for MELI is 42% as of Sep 30, 2026.

What is MercadoLibre's operating margin?

As of Sep 30, 2026, MELI has an operating margin of 7.4%.

What is MercadoLibre's EBITDA margin?

As of Sep 30, 2026, MELI has an EBITDA margin of 10.1%.

What is MercadoLibre's net margin?

For the period ending Sep 30, 2026, MELI recorded a net margin of 4.9%.

What are the average margins of MELI?

The three-year average margins for MELI were 45.9% gross, 11.6% operating, 13.7% EBITDA, and 7.2% net.

What are the highest historical margins of MELI?

Looking back across 5 years, MELI reached 50.4% gross in Sep 2023, 16.2% operating in Sep 2023, 15.7% EBITDA in Sep 2023, and 9.2% net in Mar 2025.

What are the lowest historical margins of MELI?

In the last 5 years, the lowest margins reported by MELI were 42% gross in Sep 2026, 6.2% operating in Dec 2021, 9.4% EBITDA in Dec 2021, and 1.2% net in Dec 2021.