What are Mercado Libre's profit margins?

Mercado Libre (MELI) runs a 43.9% gross margin and a 9.6% operating margin, with a 6.0% net margin.

Where do Mercado Libre's ratios come from?

Every ratio is computed from Mercado Libre's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Mercado Libre MELI Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	43.9%-2.3pp	44.5%-1.6pp	45.1%-1.3pp	45.9%-2.2pp	46.1%-3.1pp
Operating margin	9.6%-3.2pp	11.1%-1.6pp	12%+0.7pp	12.3%-1.1pp	12.8%-1.4pp
Net margin	6%-3.2pp	6.9%-2.3pp	7.9%+0.4pp	8.5%+0.6pp	9.2%+2.3pp
Returns
Return on equity	31.3%-17.8pp	36%-15.5pp	40.6%-2.0pp	43.8%-3.5pp	49.1%+7.5pp
Return on invested capital	33.3%-0.1pp	39.6%+3.1pp	33%+5.4pp	33.9%-3.2pp	33.3%-0.3pp
Efficiency
Asset turnover	0.9×-0.1×	0.9×-0.1×	0.9×-0.1×	0.9×-0.1×	1×0.0×
Liquidity
Current ratio	1.2×0.0×	1.2×0.0×	1.2×-0.1×	1.2×-0.1×	1.2×-0.1×
Leverage
Debt-to-equity	1.7×+0.1×	1.7×+0.1×	1.6×0.0×	1.6×+0.1×	1.6×0.0×
Net debt / EBITDA	-0.7×-1.6×	-0.5×-1.2×	0.2×-0.9×	0.6×0.0×	1×+0.4×
Per Share
Book value per share	$143.62+45.5%	$133.10+55.1%	$122.65+55.4%	$112.69+56.3%	$98.70+47.6%
Valuation
Market capitalization	$87.66B-11.4%	$102.12B+18.5%	$118.48B+13.9%	$128.21B+53.9%	$98.9B+29.0%
Price / earnings	45.7×-2.3×	51.1×+6.0×	57×-15.4×	62.5×+2.9×	48×-19.8×
Price / sales	2.8×-1.7×	3.5×-0.6×	4.5×-0.9×	5.3×+0.6×	4.4×-0.3×
Price / book	12×-7.7×	15.1×-4.7×	19.1×-6.9×	22.4×-0.3×	19.8×-2.8×
EV / EBITDA	21.6×-7.6×	24.9×-2.3×	30.9×-8.1×	35.8×+7.0×	29.2×+1.9×

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Questions, answered.

What are Mercado Libre's profit margins?: Mercado Libre (MELI) runs a 43.9% gross margin and a 9.6% operating margin, with a 6.0% net margin.
Where do Mercado Libre's ratios come from?: Every ratio is computed from Mercado Libre's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.