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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	179.4%-2.3pp	181.6%-1.6pp	183.2%-1.3pp	184.5%-2.2pp	186.7%-3.1pp
Operating margin	44.9%-3.2pp	48.1%-1.6pp	49.7%+0.7pp	49%-1.1pp	50.1%-1.4pp
Net margin	29.4%-3.2pp	32.6%-2.3pp	34.9%+0.4pp	34.4%+0.6pp	33.8%+2.3pp
Returns
Return on equity	151.7%-17.8pp	169.6%-15.5pp	185.1%-2.0pp	187%-3.5pp	190.6%+7.5pp
Return on invested capital	139.9%-0.1pp	139.9%+3.1pp	136.9%+5.4pp	131.5%-3.2pp	134.7%-0.3pp
Efficiency
Asset turnover	3.5×-0.1×	3.6×-0.1×	3.7×-0.1×	3.8×-0.1×	3.9×0.0×
Liquidity
Current ratio	4.7×0.0×	4.7×0.0×	4.8×-0.1×	4.9×-0.1×	4.9×-0.1×
Leverage
Debt-to-equity	6.6×+0.1×	6.5×+0.1×	6.4×0.0×	6.4×+0.1×	6.3×0.0×
Net debt / EBITDA	-0.4×-1.6×	1.3×-1.2×	2.5×-0.9×	3.3×0.0×	3.3×+0.4×
Per Share
Book value per share	$512.06+9.6%	$467.14+11.3%	$419.86+11.6%	$376.15+12.1%	$335.58+10.5%
Valuation
Market capitalization	$436.46B-2.5%	$447.71B+3.7%	$431.8B+3.5%	$417.35B+12.1%	$372.46B+6.4%
Price / earnings	216.3×-2.3×	218.6×+6.0×	212.6×-15.4×	227.9×+2.9×	225×-19.8×
Price / sales	16.1×-1.7×	17.8×-0.6×	18.4×-0.9×	19.3×+0.6×	18.7×-0.3×
Price / book	68.7×-7.7×	76.4×-4.7×	81.1×-6.9×	88×-0.3×	88.4×-2.8×
EV / EBITDA	113.1×-7.6×	120.8×-2.3×	123.1×-8.1×	131.2×+7.0×	124.2×+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.