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Mercado Libre MELI Total Cost of Revenue

Discontinued — last reported Q1 '26

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Other financials

Income statement

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Revenue$8.8B+49.0%
Gross profit$3.9B+39.4%
Operating income$611.0M-19.9%
Net income$417.0M-15.6%
EPS (diluted)$8.23-15.5%

Balance sheet

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Cash & equivalents$15.1B+237%
Total debt$12.5B+59.0%
Total equity$7.3B+45.5%
Total assets$46.9B+69.5%

Cash flow

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Operating cash flow$2.1B+101%
CapEx$271.0M-0.4%
Free cash flow$1.8B+138%

Valuation

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Market cap$82.09B-32.6%
Enterprise value$79.42B-36.6%
P/E42.8×-16.4×
P/S2.6×-2.9×

Profitability

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Gross margin43.9%-2.3pp
Operating margin9.6%-3.2pp
Net margin6%-3.2pp
FCF margin37.2%+8.3pp

Returns & leverage

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Return on equity31.3%-17.8pp
Debt / equity1.7×+0.1×
Current ratio1.2×0.0×

Where this comes from

Reported directly by Mercado Libre in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: Mercado Libre’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Mercado Libre's total cost of revenue?
Mercado Libre (MELI) reported total cost of revenue of $4.98B in Q1 2026.
How has Mercado Libre's total cost of revenue changed year-over-year?
Mercado Libre's total cost of revenue increased by 57.5% year-over-year, from $3.16B to $4.98B.
What is the long-term trend for Mercado Libre's total cost of revenue?
Over 4 years (2021 to 2025), Mercado Libre's total cost of revenue has grown at a 40.9% compound annual growth rate (CAGR), from $4.06B to $16.04B.
What does total cost of revenue mean?
The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.