Mercadolibre annual gross margin
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Mercadolibre Gross Margin Growth & History (MELI)
Mercadolibre's gross margin was 63.23% for fiscal 2025.
View full Mercadolibre company overviewMercadolibre annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 63.23% | −0.04 pp |
| 2024 | 2024-12-31 | 63.27% | −9.11 pp |
| 2023 | 2023-12-31 | 72.38% | +2.60 pp |
| 2022 | 2022-12-31 | 69.77% | +17.14 pp |
| 2021 | 2021-12-31 | 52.63% | +9.62 pp |
| 2020 | 2020-12-31 | 43.00% | −4.99 pp |
| 2019 | 2019-12-31 | 48.00% | −0.42 pp |
| 2018 | 2018-12-31 | 48.42% | −10.74 pp |
| 2017 | 2017-12-31 | 59.15% | −4.43 pp |
| 2016 | 2016-12-31 | 63.58% | −3.44 pp |
| 2015 | 2015-12-31 | 67.01% | −4.42 pp |
| 2014 | 2014-12-31 | 71.43% | −1.04 pp |
| 2013 | 2013-12-31 | 72.48% | −1.27 pp |
| 2012 | 2012-12-31 | 73.75% | −2.15 pp |
| 2011 | 2011-12-31 | 75.90% | −2.62 pp |
| 2010 | 2010-12-31 | 78.52% | −0.68 pp |
| 2009 | 2009-12-31 | 79.20% | −0.71 pp |
| 2008 | 2008-12-31 | 79.90% | — |
Mercadolibre quarterly gross margin
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Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 58.95% | −5.47 pp |
| Q1 2026 | 2026-03-31 | 63.68% | −2.44 pp |
| Q4 2025 | 2025-12-31 | 61.67% | −1.12 pp |
| Q3 2025 | 2025-09-30 | 61.65% | −0.97 pp |
| Q2 2025 | 2025-06-30 | 64.42% | +1.60 pp |
| Q1 2025 | 2025-03-31 | 66.12% | +0.81 pp |
| Q4 2024 | 2024-12-31 | 62.79% | +16.30 pp |
| Q3 2024 | 2024-09-30 | 62.62% | −14.72 pp |
| Q2 2024 | 2024-06-30 | 62.82% | −11.05 pp |
| Q1 2024 | 2024-03-31 | 65.31% | −9.24 pp |
| Q4 2023 | 2023-12-31 | 46.50% | −2.07 pp |
| Q3 2023 | 2023-09-30 | 77.33% | +27.22 pp |
| Q2 2023 | 2023-06-30 | 73.86% | +24.42 pp |
| Q1 2023 | 2023-03-31 | 74.55% | +26.82 pp |
| Q4 2022 | 2022-12-31 | 48.57% | +8.52 pp |
| Q3 2022 | 2022-09-30 | 50.11% | +6.68 pp |
| Q2 2022 | 2022-06-30 | 49.44% | +5.17 pp |
| Q1 2022 | 2022-03-31 | 47.73% | +4.84 pp |
| Q4 2021 | 2021-12-31 | 40.05% | +3.22 pp |
| Q3 2021 | 2021-09-30 | 43.43% | +0.42 pp |
| Q2 2021 | 2021-06-30 | 44.27% | −4.36 pp |
| Q1 2021 | 2021-03-31 | 42.89% | −5.12 pp |
| Q4 2020 | 2020-12-31 | 36.82% | −8.91 pp |
| Q3 2020 | 2020-09-30 | 43.01% | −4.14 pp |
| Q2 2020 | 2020-06-30 | 48.63% | −1.33 pp |
| Q1 2020 | 2020-03-31 | 48.01% | −2.02 pp |
| Q4 2019 | 2019-12-31 | 45.73% | −2.11 pp |
| Q3 2019 | 2019-09-30 | 47.15% | −0.62 pp |
| Q2 2019 | 2019-06-30 | 49.96% | +2.33 pp |
| Q1 2019 | 2019-03-31 | 50.03% | −0.68 pp |
| Q4 2018 | 2018-12-31 | 47.84% | −8.95 pp |
| Q3 2018 | 2018-09-30 | 47.77% | −9.89 pp |
| Q2 2018 | 2018-06-30 | 47.63% | −12.80 pp |
| Q1 2018 | 2018-03-31 | 50.71% | −11.91 pp |
| Q4 2017 | 2017-12-31 | 56.80% | −6.70 pp |
| Q3 2017 | 2017-09-30 | 57.66% | −5.43 pp |
| Q2 2017 | 2017-06-30 | 60.43% | −2.83 pp |
| Q1 2017 | 2017-03-31 | 62.61% | −2.21 pp |
| Q4 2016 | 2016-12-31 | 63.50% | −1.55 pp |
| Q3 2016 | 2016-09-30 | 63.09% | −3.22 pp |
| Q2 2016 | 2016-06-30 | 63.26% | −4.14 pp |
| Q1 2016 | 2016-03-31 | 64.82% | −4.99 pp |
| Q4 2015 | 2015-12-31 | 65.05% | −5.41 pp |
| Q3 2015 | 2015-09-30 | 66.31% | −4.35 pp |
| Q2 2015 | 2015-06-30 | 67.40% | −5.02 pp |
| Q1 2015 | 2015-03-31 | 69.81% | −2.85 pp |
| Q4 2014 | 2014-12-31 | 70.46% | −2.65 pp |
| Q3 2014 | 2014-09-30 | 70.66% | −1.59 pp |
| Q2 2014 | 2014-06-30 | 72.41% | +0.12 pp |
| Q1 2014 | 2014-03-31 | 72.67% | +0.55 pp |
| Q4 2013 | 2013-12-31 | 73.11% | −0.48 pp |
| Q3 2013 | 2013-09-30 | 72.25% | −1.33 pp |
| Q2 2013 | 2013-06-30 | 72.30% | −0.81 pp |
| Q1 2013 | 2013-03-31 | 72.11% | −2.69 pp |
| Q4 2012 | 2012-12-31 | 73.59% | −2.44 pp |
| Q3 2012 | 2012-09-30 | 73.58% | −1.84 pp |
| Q2 2012 | 2012-06-30 | 73.11% | −2.48 pp |
| Q1 2012 | 2012-03-31 | 74.81% | −1.87 pp |
| Q4 2011 | 2011-12-31 | 76.03% | −1.83 pp |
| Q3 2011 | 2011-09-30 | 75.42% | −4.11 pp |
| Q2 2011 | 2011-06-30 | 75.58% | −2.68 pp |
| Q1 2011 | 2011-03-31 | 76.68% | −1.78 pp |
| Q4 2010 | 2010-12-31 | 77.86% | −1.05 pp |
| Q3 2010 | 2010-09-30 | 79.53% | +0.07 pp |
| Q2 2010 | 2010-06-30 | 78.27% | −0.72 pp |
| Q1 2010 | 2010-03-31 | 78.46% | −1.01 pp |
| Q4 2009 | 2009-12-31 | 78.91% | — |
| Q3 2009 | 2009-09-30 | 79.46% | — |
| Q2 2009 | 2009-06-30 | 78.99% | — |
| Q1 2009 | 2009-03-31 | 79.48% | — |
Mercadolibre gross margin trends
Over the last five fiscal years, Mercadolibre's gross margin increased from 43.00% to 63.23%, a change of +20.23 percentage points. The latest reported quarter, Q2 2026, shows 58.95%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Mercadolibre source filings ↗Community posts
MercadoLibre raises $1 billion with a new ten-year bond
MercadoLibre ($MELI) completed a $1 billion issue of senior unsecured notes paying a 5.85% coupon and maturing in 2036. More than 100 institutional investors participated in the SEC-registered offering. The company said the transaction achi ...
