Filing Flows › MercadoLibre (MELI) › Operating margin
MercadoLibre (MELI) operating margin by quarter
MercadoLibre's operating margin was 6.3% in Q3 2026 (third quarter 2026), -0.4 pts from Q2 2026. Over the last 7 quarters it ranged from 6.3% (Q3 2026) to 12.9% (Q1 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 6.3% | -0.4 pts | -3.5 pts |
| Q2 2026 | 6.7% | -0.2 pts | -5.4 pts |
| Q1 2026 | 6.9% | -3.2 pts | -5.9 pts |
| Q4 2025 | 10.1% | +0.4 pts | — |
| Q3 2025 | 9.8% | -2.4 pts | — |
| Q2 2025 | 12.2% | -0.7 pts | — |
| Q1 2025 | 12.9% | — | — |
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 operating margin?
MercadoLibre's operating margin was 6.3% in Q3 2026 (third quarter 2026), -0.4 pts from Q2 2026.
How has MercadoLibre's operating margin changed?
Over the last 7 quarters it ranged from 6.3% (Q3 2026) to 12.9% (Q1 2025).