What is Mercado Libre's gross profit?

Mercado Libre (MELI) reported gross profit of $3.86B in Q1 2026.

How has Mercado Libre's gross profit changed year-over-year?

Mercado Libre's gross profit increased by 39.4% year-over-year, from $2.77B to $3.86B.

What is the long-term trend for Mercado Libre's gross profit?

Over 4 years (2021 to 2025), Mercado Libre's gross profit has grown at a 43.8% compound annual growth rate (CAGR), from $3.01B to $12.86B.

What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

Mercado Libre MELI Gross Profit

Discontinued — last reported Q1 '26

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Other financials

Income statement

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Revenue$8.8B+49.0%

Operating income$611.0M-19.9%

Net income$417.0M-15.6%

EPS (diluted)$8.23-15.5%

Balance sheet

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Cash & equivalents$15.1B+237%

Total debt$12.5B+59.0%

Total equity$7.3B+45.5%

Total assets$46.9B+69.5%

Cash flow

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Operating cash flow$2.1B+101%

CapEx$271.0M-0.4%

Free cash flow$1.8B+138%

Valuation

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Market cap$82.09B-32.6%

Enterprise value$79.42B-36.6%

P/E42.8×-16.4×

P/S2.6×-2.9×

Profitability

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Gross margin43.9%-2.3pp

Operating margin9.6%-3.2pp

Net margin6%-3.2pp

FCF margin37.2%+8.3pp

Returns & leverage

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Return on equity31.3%-17.8pp

Debt / equity1.7×+0.1×

Current ratio1.2×0.0×

Where this comes from

Calculated from Mercado Libre’s reported figures.

$8.8Btotal revenue−$5.0Btotal cost of revenue=$3.86B

The official record: Mercado Libre’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Mercado Libre's gross profit?: Mercado Libre (MELI) reported gross profit of $3.86B in Q1 2026.
How has Mercado Libre's gross profit changed year-over-year?: Mercado Libre's gross profit increased by 39.4% year-over-year, from $2.77B to $3.86B.
What is the long-term trend for Mercado Libre's gross profit?: Over 4 years (2021 to 2025), Mercado Libre's gross profit has grown at a 43.8% compound annual growth rate (CAGR), from $3.01B to $12.86B.
What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.