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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	181.6%-8.2pp	189.8%-11.4pp	201.2%+15.6pp	185.6%+16.7pp
Operating margin	48.1%-3.4pp	51.5%-5.5pp	57%+26.9pp	30.1%—
Net margin	32.6%+1.0pp	31.5%+6.4pp	25.2%+12.8pp	12.4%+10.3pp
EBITDA margin	59.4%-4.8pp	64.3%-7.6pp	71.9%+27.8pp	44.1%—
Free cash flow margin	129.6%-0.6pp	130.2%+3.5pp	126.8%—	——
Returns
Return on equity	169.6%-13.5pp	183.1%+24.1pp	159%—	——
Return on assets	29.5%-1.6pp	31.1%+7.2pp	23.9%+12.0pp	11.9%+10.0pp
Return on invested capital	139.9%+4.9pp	135%—	——	——
Efficiency
Asset turnover	3.6×-0.3×	3.9×+0.2×	3.8×-0.1×	3.9×+0.1×
Inventory turnover	149.9×-4.6×	154.5×+24.0×	130.5×+25.2×	105.3×-14.6×
Liquidity
Current ratio	4.7×-0.3×	5×-0.1×	5.1×-0.2×	5.3×+0.3×
Quick ratio	4.7×-0.3×	4.9×-0.1×	5×-0.2×	5.2×+0.4×
Cash ratio	1.4×+0.3×	1.1×-0.3×	1.5×0.0×	1.5×-0.2×
Leverage
Debt-to-equity	6.5×+0.2×	6.3×-2.6×	8.9×+1.9×	7×—
Debt-to-assets	1.1×0.0×	1.1×-0.3×	1.4×+0.5×	0.9×+0.3×
Net debt / EBITDA	1.3×-1.6×	2.9×-0.4×	3.3×+3.6×	-0.3×—
Per Share
Book value per share	$467.14+53.8%	$303.74+52.6%	$199.01+52.7%	$130.31+281%
Valuation
Market capitalization	$447.71B+27.8%	$350.21B+30.5%	$268.44B+52.3%	$176.29B-42.3%
Enterprise value	$452.03B+26.0%	$358.71B+30.0%	$275.92B+55.3%	$177.7B-41.4%
Price / earnings	218.6×-26.3×	244.9×-85.4×	330.3×-377×	707×—
Price / sales	17.8×-1.2×	19×-1.4×	20.4×+0.9×	19.5×-33.6×
Price / book	76.4×-14.8×	91.2×-16.6×	107.8×+0.9×	106.9×—
EV / EBITDA	120.8×-1.5×	122.3×+3.6×	118.7×-67.2×	185.9×—
EV / sales	18×-1.5×	19.5×-1.5×	21×+1.4×	19.6×-33.1×
Free cash flow yield	30.1%+2.4pp	27.7%+2.7pp	25%—	——
Earnings yield	7.4%+0.6pp	6.8%+1.7pp	5%+2.2pp	2.8%+2.6pp
PEG ratio	14.6×+11.0×	3.6×+1.8×	1.8×—	——

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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.