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%-7.4pp	181.6%-8.2pp	183.2%-10.7pp	184.5%-14.1pp	186.7%-14.0pp
Operating margin	44.9%-5.1pp	48.1%-3.4pp	49.7%-3.7pp	49%-9.7pp	50.1%-9.4pp
Net margin	29.4%-4.4pp	32.6%+1.0pp	34.9%+6.0pp	34.4%+5.9pp	33.8%+7.0pp
Returns
Return on equity	151.7%-38.9pp	169.6%-13.5pp	185.1%+13.2pp	187%+12.6pp	190.6%+24.0pp
Return on invested capital	139.9%+5.2pp	139.9%+4.9pp	136.9%+6.0pp	131.5%-1.2pp	134.7%—
Efficiency
Asset turnover	3.5×-0.4×	3.6×-0.3×	3.7×-0.2×	3.8×-0.1×	3.9×+0.1×
Liquidity
Current ratio	4.7×-0.2×	4.7×-0.3×	4.8×-0.3×	4.9×-0.2×	4.9×-0.1×
Leverage
Debt-to-equity	6.6×+0.3×	6.5×+0.2×	6.4×-0.1×	6.4×-0.5×	6.3×-1.5×
Net debt / EBITDA	-0.4×-3.7×	1.3×-1.6×	2.5×-0.3×	3.3×+0.9×	3.3×+0.6×
Per Share
Book value per share	$512.06+52.6%	$467.14+53.8%	$419.86+50.8%	$376.15+48.0%	$335.58+48.4%
Valuation
Market capitalization	$436.46B+17.2%	$447.71B+27.8%	$431.8B+25.7%	$417.35B+37.8%	$372.46B+33.6%
Price / earnings	216.3×-8.8×	218.6×-26.3×	212.6×-67.8×	227.9×-44.3×	225×-65.9×
Price / sales	16.1×-2.6×	17.8×-1.2×	18.4×-1.7×	19.3×0.0×	18.7×-0.7×
Price / book	68.7×-19.7×	76.4×-14.8×	81.1×-16.2×	88×-6.4×	88.4×-9.6×
EV / EBITDA	113.1×-11.1×	120.8×-1.5×	123.1×-1.7×	131.2×+21.7×	124.2×+16.3×

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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.