Mercadolibre annual operating margin
2008
2009
2010
2011
2012
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2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Mercadolibre Operating Margin Growth & History (MELI)
Mercadolibre's operating margin was 15.74% for fiscal 2025.
View full Mercadolibre company overviewMercadolibre annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 15.74% | −1.64 pp |
| 2024 | 2024-12-31 | 17.38% | −3.66 pp |
| 2023 | 2023-12-31 | 21.05% | +6.70 pp |
| 2022 | 2022-12-31 | 14.35% | +6.63 pp |
| 2021 | 2021-12-31 | 7.72% | +4.50 pp |
| 2020 | 2020-12-31 | 3.22% | +9.89 pp |
| 2019 | 2019-12-31 | −6.67% | −1.84 pp |
| 2018 | 2018-12-31 | −4.83% | −9.45 pp |
| 2017 | 2017-12-31 | 4.63% | −16.82 pp |
| 2016 | 2016-12-31 | 21.44% | +0.09 pp |
| 2015 | 2015-12-31 | 21.36% | −0.29 pp |
| 2014 | 2014-12-31 | 21.65% | −10.84 pp |
| 2013 | 2013-12-31 | 32.49% | −2.22 pp |
| 2012 | 2012-12-31 | 34.70% | +1.33 pp |
| 2011 | 2011-12-31 | 33.38% | −1.05 pp |
| 2010 | 2010-12-31 | 34.42% | +2.00 pp |
| 2009 | 2009-12-31 | 32.42% | +5.03 pp |
| 2008 | 2008-12-31 | 27.39% | — |
Mercadolibre quarterly operating margin
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Q2.11
Q3.11
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Q1.12
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Q4.16
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Q3.17
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Q2.19
Q3.19
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Q1.20
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Q1.21
Q2.21
Q3.21
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Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 9.68% | −7.50 pp |
| Q1 2026 | 2026-03-31 | 10.07% | −8.13 pp |
| Q4 2025 | 2025-12-31 | 14.49% | −4.24 pp |
| Q3 2025 | 2025-09-30 | 13.91% | −0.39 pp |
| Q2 2025 | 2025-06-30 | 17.18% | −2.11 pp |
| Q1 2025 | 2025-03-31 | 18.21% | +1.17 pp |
| Q4 2024 | 2024-12-31 | 18.73% | +11.13 pp |
| Q3 2024 | 2024-09-30 | 14.30% | −14.68 pp |
| Q2 2024 | 2024-06-30 | 19.28% | −7.70 pp |
| Q1 2024 | 2024-03-31 | 17.04% | −2.27 pp |
| Q4 2023 | 2023-12-31 | 7.60% | −5.19 pp |
| Q3 2023 | 2023-09-30 | 28.98% | +17.97 pp |
| Q2 2023 | 2023-06-30 | 26.99% | +17.36 pp |
| Q1 2023 | 2023-03-31 | 19.31% | +13.12 pp |
| Q4 2022 | 2022-12-31 | 12.79% | +11.66 pp |
| Q3 2022 | 2022-09-30 | 11.00% | +2.39 pp |
| Q2 2022 | 2022-06-30 | 9.63% | −0.12 pp |
| Q1 2022 | 2022-03-31 | 6.18% | −0.42 pp |
| Q4 2021 | 2021-12-31 | 1.13% | +3.00 pp |
| Q3 2021 | 2021-09-30 | 8.61% | +1.17 pp |
| Q2 2021 | 2021-06-30 | 9.75% | −1.58 pp |
| Q1 2021 | 2021-03-31 | 6.60% | +11.16 pp |
| Q4 2020 | 2020-12-31 | −1.87% | +8.35 pp |
| Q3 2020 | 2020-09-30 | 7.44% | +21.03 pp |
| Q2 2020 | 2020-06-30 | 11.33% | +13.62 pp |
| Q1 2020 | 2020-03-31 | −4.55% | −6.69 pp |
| Q4 2019 | 2019-12-31 | −10.22% | −10.03 pp |
| Q3 2019 | 2019-09-30 | −13.59% | −10.49 pp |
| Q2 2019 | 2019-06-30 | −2.29% | +6.13 pp |
| Q1 2019 | 2019-03-31 | 2.14% | +11.31 pp |
| Q4 2018 | 2018-12-31 | −0.19% | +17.85 pp |
| Q3 2018 | 2018-09-30 | −3.10% | −12.13 pp |
| Q2 2018 | 2018-06-30 | −8.42% | −19.00 pp |
| Q1 2018 | 2018-03-31 | −9.17% | −32.64 pp |
| Q4 2017 | 2017-12-31 | −18.04% | −43.28 pp |
| Q3 2017 | 2017-09-30 | 9.03% | −14.23 pp |
| Q2 2017 | 2017-06-30 | 10.58% | −5.55 pp |
| Q1 2017 | 2017-03-31 | 23.48% | +4.14 pp |
| Q4 2016 | 2016-12-31 | 25.24% | +6.59 pp |
| Q3 2016 | 2016-09-30 | 23.27% | −3.58 pp |
| Q2 2016 | 2016-06-30 | 16.12% | −6.32 pp |
| Q1 2016 | 2016-03-31 | 19.34% | +2.06 pp |
| Q4 2015 | 2015-12-31 | 18.64% | −9.39 pp |
| Q3 2015 | 2015-09-30 | 26.85% | −5.02 pp |
| Q2 2015 | 2015-06-30 | 22.45% | +26.93 pp |
| Q1 2015 | 2015-03-31 | 17.28% | −12.19 pp |
| Q4 2014 | 2014-12-31 | 28.03% | −10.68 pp |
| Q3 2014 | 2014-09-30 | 31.87% | +1.48 pp |
| Q2 2014 | 2014-06-30 | −4.48% | −36.08 pp |
| Q1 2014 | 2014-03-31 | 29.47% | +1.66 pp |
| Q4 2013 | 2013-12-31 | 38.71% | +1.00 pp |
| Q3 2013 | 2013-09-30 | 30.39% | −4.27 pp |
| Q2 2013 | 2013-06-30 | 31.60% | −4.29 pp |
| Q1 2013 | 2013-03-31 | 27.81% | −1.96 pp |
| Q4 2012 | 2012-12-31 | 37.71% | +4.21 pp |
| Q3 2012 | 2012-09-30 | 34.66% | −2.05 pp |
| Q2 2012 | 2012-06-30 | 35.89% | +4.82 pp |
| Q1 2012 | 2012-03-31 | 29.77% | −1.62 pp |
| Q4 2011 | 2011-12-31 | 33.50% | −0.15 pp |
| Q3 2011 | 2011-09-30 | 36.71% | +2.19 pp |
| Q2 2011 | 2011-06-30 | 31.06% | −4.77 pp |
| Q1 2011 | 2011-03-31 | 31.39% | −2.36 pp |
| Q4 2010 | 2010-12-31 | 33.65% | — |
| Q3 2010 | 2010-09-30 | 34.51% | −3.00 pp |
| Q2 2010 | 2010-06-30 | 35.83% | +5.48 pp |
| Q1 2010 | 2010-03-31 | 33.75% | — |
| Q3 2009 | 2009-09-30 | 37.52% | — |
| Q2 2009 | 2009-06-30 | 30.35% | — |
Mercadolibre operating margin trends
Over the last five fiscal years, Mercadolibre's operating margin increased from 3.22% to 15.74%, a change of +12.52 percentage points. The latest reported quarter, Q2 2026, shows 9.68%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income 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 ...
