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%-0.6pp	44.5%-0.6pp	45.1%-0.7pp	45.9%-0.3pp	46.1%0.0pp
Operating margin	9.6%-1.5pp	11.1%-0.9pp	12%-0.3pp	12.3%-0.5pp	12.8%+0.1pp
Net margin	6%-0.9pp	6.9%-1.0pp	7.9%-0.6pp	8.5%-0.7pp	9.2%0.0pp
Returns
Return on equity	31.3%-4.7pp	36%-4.7pp	40.6%-3.2pp	43.8%-5.3pp	49.1%-2.4pp
Return on invested capital	33.3%-6.3pp	39.6%+6.6pp	33%-0.9pp	33.9%+0.6pp	33.3%-3.2pp
Efficiency
Asset turnover	0.9×0.0×	0.9×0.0×	0.9×0.0×	0.9×0.0×	1×0.0×
Liquidity
Current ratio	1.2×0.0×	1.2×0.0×	1.2×0.0×	1.2×0.0×	1.2×0.0×
Leverage
Debt-to-equity	1.7×0.0×	1.7×+0.1×	1.6×0.0×	1.6×0.0×	1.6×0.0×
Net debt / EBITDA	-0.7×-0.2×	-0.5×-0.7×	0.2×-0.4×	0.6×-0.4×	1×+0.3×
Per Share
Book value per share	$143.62+7.9%	$133.10+8.5%	$122.65+8.8%	$112.69+14.2%	$98.70+15.0%
Valuation
Market capitalization	$87.66B-14.2%	$102.12B-13.8%	$118.48B-7.6%	$128.21B+29.6%	$98.9B+14.7%
Price / earnings	45.7×-5.5×	51.1×-5.9×	57×-5.4×	62.5×+14.5×	48×+2.9×
Price / sales	2.8×-0.8×	3.5×-1.0×	4.5×-0.8×	5.3×+0.9×	4.4×+0.3×
Price / book	12×-3.1×	15.1×-3.9×	19.1×-3.4×	22.4×+2.7×	19.8×0.0×
EV / EBITDA	21.6×-3.3×	24.9×-6.0×	30.9×-4.9×	35.8×+6.6×	29.2×+2.0×

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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.