MercadoLibre profit margin MELI
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 5.3%
- Operating margin, 12 months
- 8.3%
- Net margin on a year earlier
- −3.2 pts
- Peer median
- 7.9%
Over the twelve months to Jun 30, 2026, MercadoLibre kept 5.3% of its revenue as net profit, with an operating margin of 8.3% and a gross margin of 42.7%.
Five years earlier its net margin was −0.0%.
The median for 10 specialty retail stocks of a similar size is 7.9%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 6.9% | 11.1% | 44.5% |
| FY2024 | 9.2% | 12.7% | 46.1% |
| FY2023 | 6.5% | 14.6% | 50.2% |
| FY2022 | 4.6% | 9.8% | 49.0% |
| FY2021 | 1.2% | 6.2% | 42.5% |
| FY2020 | −0.0% | 3.2% | 43.0% |
| FY2019 | −7.5% | −6.7% | 48.0% |
| FY2018 | −2.5% | −4.8% | 48.4% |
| FY2017 | 1.1% | 4.6% | 59.2% |
| FY2016 | 16.1% | 21.4% | 63.6% |
| FY2015 | 16.2% | 21.4% | 67.0% |
| FY2014 | 13.0% | 21.6% | 71.4% |
| FY2013 | 24.9% | 32.5% | 72.5% |
| FY2012 | 27.1% | 34.7% | 73.7% |
| FY2011 | 25.7% | 33.4% | 75.9% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 5.3% | −3.2 pts | 8.3% | |
| Q1 FY26 | 6.0% | −3.2 pts | 9.6% | |
| Q4 FY25 | 6.9% | −2.3 pts | 11.1% | |
| Q3 FY25 | 7.9% | +0.4 pts | 12.0% | |
| Q2 FY25 | 8.5% | +0.6 pts | 12.3% | |
| Q1 FY25 | 9.2% | +2.3 pts | 12.8% | |
| Q4 FY24 | 9.2% | +2.7 pts | 12.7% | |
| Q3 FY24 | 7.5% | +0.3 pts | 11.2% | |
| Q2 FY24 | 7.9% | +1.8 pts | 13.4% | |
| Q1 FY24 | 7.0% | +1.6 pts | 14.3% | |
| Q4 FY23 | 6.5% | +2.0 pts | 14.6% | |
| Q3 FY23 | 7.2% | +4.4 pts | 16.2% |
Against its peers
Companies in Specialty Retail nearest MercadoLibre's size, closest first, today.
| Company | Profit margin |
|---|---|
| MELIMercadoLibre | 5.3% |
| ORLYO'Reilly Automotive | 14.3% |
| EBAYeBay | 18.5% |
| AZOAutoZone | 12.4% |
| WSMWilliams-Sonoma | 14.7% |
| ULTAUlta Beauty | 9.3% |
| CASYCasey's General Stores | 4.1% |
| CPNGCoupang | −2.2% |
| BBYBest Buy | 3.0% |
| TSCOTractor Supply | 6.4% |
| DKSDick's Sporting Goods | 4.0% |
| Peer median | 7.9% |
Where MercadoLibre ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on MercadoLibre
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.