Filing Flows › MercadoLibre (MELI) › Gross margin
MercadoLibre (MELI) gross margin by quarter
MercadoLibre's gross margin was 40.8% in Q3 2026 (third quarter 2026), -0.1 pts from Q2 2026. Over the last 7 quarters it ranged from 40.8% (Q3 2026) to 46.7% (Q1 2025).
| Quarter | Gross margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 40.8% | -0.1 pts | -2.5 pts |
| Q2 2026 | 40.9% | -2.8 pts | -4.7 pts |
| Q1 2026 | 43.7% | +0.5 pts | -3.0 pts |
| Q4 2025 | 43.2% | -0.1 pts | — |
| Q3 2025 | 43.3% | -2.3 pts | — |
| Q2 2025 | 45.6% | -1.1 pts | — |
| Q1 2025 | 46.7% | — | — |
Q3 2026 at a glance
MercadoLibre, Q3 2026: revenue $10.8B (+45% year over year), operating margin 6.3%, net earnings $448M, operating cash flow $3.0B. The chart follows the revenue to costs, profit and cash.
Questions
What is MercadoLibre's gross margin?
MercadoLibre's gross margin was 40.8% in Q3 2026 (third quarter 2026), -0.1 pts from Q2 2026.
How has MercadoLibre's gross margin changed?
Over the last 7 quarters it ranged from 40.8% (Q3 2026) to 46.7% (Q1 2025).