MELI MercadoLibre margins

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  2. Consumer Cyclical
  3. NASDAQ: MELI
  4. Margins
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Relative Growth: Rel. Growth: 90
Relative Strength: Rel. Strength: 45
Relative Valuation: Rel. Valuation: 28
Relative Profitability: Rel. Profitability: 65
Gross margin
42.7%
Operating margin
8.3%
EBITDA margin
10.8%
Net margin
5.3%

The MercadoLibre reports a gross margin of 42.7%, an operating margin of 8.3%, an EBITDA margin of 10.8%, and a net margin of 5.3%. All available margins contracted year over year, led by operating margin with a decline of 4 percentage points.

MELI margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, MercadoLibre's margins averaged 46.2% gross, 12.03% operating, 14.05% EBITDA, and 7.45% 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 percentage points. The other available margins also declined.

Gross margin expansion
-3.2pp
Operating margin expansion
-4pp
EBITDA margin expansion
-3.9pp
Net margin expansion
-3.2pp

MELI Gross margin

Across the last 3 years, MercadoLibre's gross margin stood at 46.2%. MercadoLibre currently reports a gross margin of 42.7%, 3.5 percentage points below its three-year average. Gross margin was highest at 50.2% in Dec 2023 and lowest at 42.7% in Jun 2026.

MELI Operating margin

Across the last 3 years, MercadoLibre recorded an average operating margin of 12.03%. MercadoLibre's current operating margin is 8.3% and is 3.7 percentage points below its three-year average. The highest operating margin for MercadoLibre was 14.6% in Dec 2023, while the lowest was 8.3% in Jun 2026.

MELI EBITDA margin

MercadoLibre's EBITDA margin averaged 14.05% over the last 3 years. The current EBITDA margin of 10.8% is 3.3 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 10.8% in Jun 2026.

MELI Net margin

Across the last 3 years, MercadoLibre's net margin averaged 7.45%. Against its three-year average, MercadoLibre's net margin is currently 5.3%, 2.2 percentage points below its three-year average. Net margin was highest at 9.2% in Mar 2025 and lowest at 5.3% in Jun 2026.

MELI margin group comparison

Margins compared with peer-group, industry and sector averages

MercadoLibre's gross margin of 42.7% is above the Consumer Cyclical sector average but below the industry and its peers average. Compared to its Consumer Cyclical sector average of 36.2%, MercadoLibre's gross margin is 18% 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 42.7% as of Jun 30, 2026.

What is MercadoLibre's operating margin?

As of Jun 30, 2026, MELI has an operating margin of 8.3%.

What is MercadoLibre's EBITDA margin?

As of Jun 30, 2026, MELI has an EBITDA margin of 10.8%.

What is MercadoLibre's net margin?

For the period ending Jun 30, 2026, MELI recorded a net margin of 5.3%.

What are the average margins of MELI?

The three-year average margins for MELI were 46.2% gross, 12.0% operating, 14.1% EBITDA, and 7.5% 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 42.5% gross in Dec 2021, 6.2% operating in Dec 2021, 9.4% EBITDA in Dec 2021, and 1.2% net in Dec 2021.