MercadoLibre (MELI) Stock Analysis

June 13, 2026

Here is a fundamental analysis of MercadoLibre (MELI), benchmarking its profitability, financial strength, dividend and valuation against its industry group peers.

Performance

Cumulative Growth

MELI

GSPC

MercadoLibre (MELI) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for MercadoLibre (MELI) and S&P 500 (GSPC). Returns over one year are annualized.

Performance at a Glance

MercadoLibre (MELI) metric values compared with Consumer Discretionary Distribution & Retail industry-group medians
Metric	Current stock: MELI	Industry group median
1-Year Return	-32.89%	4.16%

Risk

Drawdown

MELI

GSPC

MercadoLibre (MELI) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Risk at a Glance

MercadoLibre (MELI) metric values compared with Consumer Discretionary Distribution & Retail industry-group medians
Metric	Current stock: MELI	Industry group median
1-Year Volatility	39.56%	47.42%
Beta	1.36	1.12

Company Profile

Company profile fields for MercadoLibre (MELI)
Profile Item	MELI
Name	MercadoLibre, Inc.
Country/Region	Uruguay
GICS Sector	Consumer Discretionary
GICS Industry Group	Consumer Discretionary Distribution & Retail
GICS Industry	Broadline Retail
GICS Sub-Industry	Broadline Retail
Market Capitalization	80.59 billion USD
Currency	USD
Exchange	Nasdaq
Listing Date	August 10, 2007
Security Type	Common Stock

Valuation

Price-to-Earnings Ratio (TTM)

MercadoLibre (MELI) trades at P/E ratio of 42.01, in the richer earnings-multiple quartile for its industry. That premium needs support from growth, durable earnings, or stronger business quality.

MELI

Consumer Discretionary Distribution & Retail industry group

42.01

Group distribution

Max: 54.29
MELI: 42.01
Q3: 31.64
Median: 20.61
Q1: 12.78
Min: 1.13

Largest peers

MELI: 42.01
TJX: 32.76
AMZN: 31.64
HD: 23.31
LOW: 18.66
BABA: 17.36
PDD: 8.55

Where MercadoLibre (MELI) stands on P/E ratio within its Consumer Discretionary Distribution & Retail peer group — the box is the group’s distribution and the dots its largest members.

Price-to-Sales Ratio (TTM)

MercadoLibre (MELI) trades at 2.53 on P/S ratio, in the higher sales-valuation quartile. Investors are paying up for each dollar of revenue, so stronger margins, growth, or revenue quality need to carry that price.

MELI

Consumer Discretionary Distribution & Retail industry group

2.53

Group distribution

Max: 3.65
MELI: 2.53
Q3: 1.78
Median: 0.73
Q1: 0.28
Min: 0.03

Largest peers

AMZN: 3.45
TJX: 3.02
MELI: 2.53
HD: 1.97
LOW: 1.40
BABA: 0.26
PDD: 0.26

Where MercadoLibre (MELI) stands on P/S ratio within its Consumer Discretionary Distribution & Retail peer group — the box is the group’s distribution and the dots its largest members.

Price-to-Book Ratio (MRQ)

MercadoLibre (MELI) trades at 11.07 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

MELI

Consumer Discretionary Distribution & Retail industry group

11.07

Group distribution

MELI: 11.07
Max: 11.07
Q3: 5.11
Median: 2.24
Q1: 1.05
Min: -3.64

Largest peers

HD: 23.60
TJX: 18.30
MELI: 11.07
AMZN: 5.81
PDD: 1.83
BABA: 1.67
LOW: -13.36

Where MercadoLibre (MELI) stands on P/B ratio within its Consumer Discretionary Distribution & Retail peer group — the box is the group’s distribution and the dots its largest members.

Valuation at a Glance

MercadoLibre (MELI) metric values compared with Consumer Discretionary Distribution & Retail industry-group medians
Metric	Current stock: MELI	Industry group median
Price-to-Earnings Ratio (TTM)	42.01	20.61
Price-to-Sales Ratio (TTM)	2.53	0.73
Price-to-Book Ratio (MRQ)	11.07	2.24
Free Cash Flow Yield	-5.09%	3.39%

Profitability

Return on Equity (TTM)

MercadoLibre (MELI) posts ROE of 31.26%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

MELI

Consumer Discretionary Distribution & Retail industry group

31.26%

Group distribution

Max: 63.82%
Q3: 31.67%
MELI: 31.26%
Median: 12.96%
Q1: 4.89%
Min: -29.94%

Largest peers

HD: 128.38%
TJX: 61.25%
MELI: 31.26%
PDD: 25.40%
AMZN: 24.29%
BABA: 9.22%
LOW: --

Where MercadoLibre (MELI) stands on ROE within its Consumer Discretionary Distribution & Retail peer group — the box is the group’s distribution and the dots its largest members.

Net Profit Margin (TTM)

MercadoLibre (MELI) keeps 6.04% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

MELI

Consumer Discretionary Distribution & Retail industry group

6.04%

Group distribution

Max: 20.45%
Q3: 8.75%
MELI: 6.04%
Median: 3.25%
Q1: 0.49%
Min: -11.15%

Largest peers

PDD: 21.62%
AMZN: 12.22%
BABA: 10.12%
TJX: 9.40%
HD: 8.41%
LOW: 7.51%
MELI: 6.04%

Where MercadoLibre (MELI) stands on net margin within its Consumer Discretionary Distribution & Retail peer group — the box is the group’s distribution and the dots its largest members.

Operating Profit Margin (TTM)

MercadoLibre (MELI) turns 6.91% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

MELI

Consumer Discretionary Distribution & Retail industry group

6.91%

Group distribution

Max: 23.15%
Q3: 11.08%
MELI: 6.91%
Median: 4.61%
Q1: 1.68%
Min: -8.71%

Largest peers

PDD: 18.42%
AMZN: 13.14%
HD: 11.93%
TJX: 11.77%
LOW: 11.07%
MELI: 6.91%
BABA: 1.02%

Where MercadoLibre (MELI) stands on operating margin within its Consumer Discretionary Distribution & Retail peer group — the box is the group’s distribution and the dots its largest members.

Profitability at a Glance

MercadoLibre (MELI) metric values compared with Consumer Discretionary Distribution & Retail industry-group medians
Metric	Current stock: MELI	Industry group median
Return on Equity (TTM)	31.26%	12.96%
Return on Assets (TTM)	5.11%	5.45%
Net Profit Margin (TTM)	6.04%	3.25%
Operating Profit Margin (TTM)	6.91%	4.61%
Gross Profit Margin (TTM)	49.47%	38.72%

Financial Strength

Current Ratio (MRQ)

MercadoLibre (MELI) has current ratio of 1.16, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

MELI

Consumer Discretionary Distribution & Retail industry group

1.16

Group distribution

Max: 2.97
Q3: 1.87
Median: 1.38
MELI: 1.16
Q1: 1.03
Min: 0.46

Largest peers

PDD: 2.54
BABA: 1.28
AMZN: 1.18
MELI: 1.16
TJX: 1.14
LOW: 1.09
HD: 1.05

Where MercadoLibre (MELI) stands on current ratio within its Consumer Discretionary Distribution & Retail peer group — the box is the group’s distribution and the dots its largest members.

Debt-to-Equity Ratio (MRQ)

MercadoLibre (MELI) has debt-to-equity ratio of 1.70, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

MELI

Consumer Discretionary Distribution & Retail industry group

1.70

Group distribution

Max: 3.27
Q3: 1.82
MELI: 1.70
Median: 1.09
Q1: 0.67
Min: 0.01

Largest peers

HD: 4.59
MELI: 1.70
TJX: 1.36
AMZN: 0.53
BABA: 0.25
PDD: 0.01
LOW: --

Where MercadoLibre (MELI) stands on debt-to-equity ratio within its Consumer Discretionary Distribution & Retail peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength at a Glance

MercadoLibre (MELI) metric values compared with Consumer Discretionary Distribution & Retail industry-group medians
Metric	Current stock: MELI	Industry group median
Current Ratio (MRQ)	1.16	1.38
Debt-to-Equity Ratio (MRQ)	1.70	1.09
Net Debt / EBITDA	1.70	2.42

Dividends

Dividend Yield (TTM)

MercadoLibre (MELI) pays no dividend, leaving dividend yield at 0.00% this period. Shareholders may still receive value through reinvestment or buybacks, but there is no dividend income to compare here.

MELI

Consumer Discretionary Distribution & Retail industry group

0.00%

Group distribution

Max: 6.62%
Q3: 2.66%
MELI: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

HD: 2.84%
LOW: 2.26%
TJX: 1.14%
BABA: 0.93%
MELI: 0.00%
AMZN: 0.00%
PDD: 0.00%

Where MercadoLibre (MELI) stands on dividend yield within its Consumer Discretionary Distribution & Retail peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

MercadoLibre (MELI) paid no earnings out as dividends this period, leaving payout ratio at 0.00%. There is no dividend payout to size against earnings.

MELI

Consumer Discretionary Distribution & Retail industry group

0.00%

Group distribution

Max: 78.51%
Q3: 33.46%
MELI: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

HD: 65.55%
LOW: 40.57%
TJX: 33.07%
BABA: 17.12%
MELI: 0.00%
AMZN: 0.00%
PDD: 0.00%

Where MercadoLibre (MELI) stands on payout ratio within its Consumer Discretionary Distribution & Retail peer group — the box is the group’s distribution and the dots its largest members.

Dividends at a Glance

MercadoLibre (MELI) metric values compared with Consumer Discretionary Distribution & Retail industry-group medians
Metric	Current stock: MELI	Industry group median
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%