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Mercado Libre MELI Mexico — Local Operating Expenses

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Other financials

Income statement

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Revenue$8.8B+49.0%
Gross profit$3.9B+39.4%
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+69.6%

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$82.73B-11.4%
Enterprise value$80.05B-16.9%
P/E43.1×-2.2×
P/S2.6×-1.6×

Profitability

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Gross margin43.9%-2.3pp
Operating margin9.6%-3.2pp
Net margin6%-3.2pp

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

Reported directly by Mercado Libre in its filing.

Tagged under the XBRL concept meli:LocalOperatingExpenses.

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 mexico — local operating expenses?
Mercado Libre (MELI) reported mexico — local operating expenses of $1.55B in Q1 2026.
How has Mercado Libre's mexico — local operating expenses changed year-over-year?
Mercado Libre's mexico — local operating expenses increased by 61.0% year-over-year, from $960M to $1.55B.
What is the long-term trend for Mercado Libre's mexico — local operating expenses?
Over 3 years (2022 to 2025), Mercado Libre's mexico — local operating expenses has grown at a 50.6% compound annual growth rate (CAGR), from $1.48B to $5.05B.
What does mexico — local operating expenses mean?
The total recurring costs required to operate the business within a specific region.
How do you interpret mexico — local operating expenses?
An increase may signal aggressive investment in market share, while a decrease could indicate improved operational efficiency or a strategic reduction in regional activity.
How does mexico — local operating expenses compare across companies?
Comparable to regional SG&A or operating expense allocations in global retail or technology companies.