JD vs. MELI: JD.com vs. MercadoLibre Stock Comparison

November 11, 2026

How do JD.com (JD) and MercadoLibre (MELI) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

JD.com (JD) and MercadoLibre (MELI) are both classified in the Broadline Retail sub-industry within the broader Broadline Retail industry, placing them in the closest GICS peer bucket.

MercadoLibre (MELI) trades as ordinary local shares, while JD.com (JD) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for JD.com (JD) and MercadoLibre (MELI)
Profile Item	JD	MELI
Name	JD.com, Inc. Sponsored ADR	MercadoLibre Inc.
Country/Region	China	Uruguay
GICS Sector	Consumer Discretionary	Consumer Discretionary
GICS Industry Group	Consumer Discretionary Distribution & Retail	Consumer Discretionary Distribution & Retail
GICS Industry	Broadline Retail	Broadline Retail
GICS Sub-Industry	Broadline Retail	Broadline Retail
Market Capitalization	39.31 billion USD	76.55 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	May 22, 2014	August 10, 2007
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

MELI

GSPC

JD.com (JD) vs. MercadoLibre (MELI), with S&P 500 (GSPC) for reference: 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 JD.com (JD) and MercadoLibre (MELI). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for JD.com (JD) and MercadoLibre (MELI). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for JD.com (JD) and MercadoLibre (MELI)
Metric	JD	MELI
Total Return (1Y)	-7.92%	-26.90%
Total Return (3Y, Annualized)	6.38%	4.74%
Total Return (5Y, Annualized)	-16.01%	-2.06%

Risk Profile

Drawdown History

MELI

GSPC

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

Return Distribution

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Distribution of monthly total returns for JD.com (JD) and MercadoLibre (MELI). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

MercadoLibre (MELI) has an aggressive beta of 1.39, indicating higher sensitivity to broad-market moves, while JD.com (JD) is defensive at 0.27 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.

Risk profile metrics for JD.com (JD) and MercadoLibre (MELI)
Metric	JD	MELI
Volatility (1Y, Annualized)	30.03%	42.09%
Beta (5Y)	0.27	1.39
Max Drawdown (5Y)	-75.63%	-64.17%
Avg. Volume (3M)	7.88M	581.53K

Risk-Adjusted Performance

Risk-Return Positioning

JD and MELI are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for JD.com (JD) and MercadoLibre (MELI)
Metric	JD	MELI
Sharpe Ratio (1Y)	-0.41	-0.74
Sortino Ratio (1Y)	-0.63	-0.97

Profitability

ROE (TTM)

Both JD.com (JD) at 6.79% and MercadoLibre (MELI) at 26.22% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

JD

Consumer Discretionary Distribution & Retail industry group

6.79%

Max: 62.17%
Q3: 29.44%
Median: 15.69%
JD: 6.79%
Q1: 6.73%
Min: -12.16%

MELI

Consumer Discretionary Distribution & Retail industry group

26.22%

Max: 62.17%
Q3: 29.44%
MELI: 26.22%
Median: 15.69%
Q1: 6.73%
Min: -12.16%

JD.com (JD) vs. MercadoLibre (MELI): A comparison of their ROE against the Consumer Discretionary Distribution & Retail industry group benchmark.

Net Margin (TTM)

MercadoLibre (MELI) at 4.91% keeps about the industry-typical share of revenue as profit, while JD.com (JD) at 1.13% retains only a bottom-quartile share.

JD

Consumer Discretionary Distribution & Retail industry group

1.13%

Max: 16.94%
Q3: 8.69%
Median: 3.55%
Q1: 1.14%
JD: 1.13%
Min: -9.41%

MELI

Consumer Discretionary Distribution & Retail industry group

4.91%

Max: 16.94%
Q3: 8.69%
MELI: 4.91%
Median: 3.55%
Q1: 1.14%
Min: -9.41%

JD.com (JD) vs. MercadoLibre (MELI): A comparison of their net margin against the Consumer Discretionary Distribution & Retail industry group benchmark.

Operating Margin (TTM)

MercadoLibre (MELI) at 6.29% runs core operations around its industry’s norm, while JD.com (JD) at 1.20% operates in the bottom quartile.

JD

Consumer Discretionary Distribution & Retail industry group

1.20%

Max: 21.45%
Q3: 10.89%
Median: 5.57%
Q1: 2.28%
JD: 1.20%
Min: -7.12%

MELI

Consumer Discretionary Distribution & Retail industry group

6.29%

Max: 21.45%
Q3: 10.89%
MELI: 6.29%
Median: 5.57%
Q1: 2.28%
Min: -7.12%

JD.com (JD) vs. MercadoLibre (MELI): A comparison of their operating margin against the Consumer Discretionary Distribution & Retail industry group benchmark.

Profitability Metrics

Profitability metrics for JD.com (JD) and MercadoLibre (MELI)
Metric	JD	MELI
ROE (TTM)	6.79%	26.22%
ROA (TTM)	0.19%	3.80%
Net Margin (TTM)	1.13%	4.91%
Operating Margin (TTM)	1.20%	6.29%
Gross Margin (TTM)	9.42%	46.66%

Growth

Revenue Growth

Both companies are growing quickly, but MercadoLibre (MELI) at 39.06% is the standout with revenue growth above its industry range; JD.com (JD) at 12.97% also sits in the top quartile.

JD.com (JD) vs. MercadoLibre (MELI): A comparison of their Revenue Growth across different time periods.

EPS Growth

MercadoLibre (MELI) at 4.54% is around its peer norm for EPS growth, while JD.com (JD) at -51.97% drops into the bottom quartile, signaling weaker earnings momentum.

JD.com (JD) vs. MercadoLibre (MELI): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for JD.com (JD) and MercadoLibre (MELI)
Metric	JD	MELI
Revenue Growth (YoY)	12.97%	39.06%
Revenue Growth (3Y CAGR)	7.76%	38.91%
EPS Growth (YoY)	-51.97%	4.54%
EPS Growth (3Y CAGR)	26.19%	60.50%

Financial Strength

Current Ratio (MRQ)

Both JD.com (JD) at 1.14 and MercadoLibre (MELI) at 1.17 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

JD

Consumer Discretionary Distribution & Retail industry group

1.14

Max: 2.62
Q3: 1.75
Median: 1.35
JD: 1.14
Q1: 1.00
Min: 0.48

MELI

Consumer Discretionary Distribution & Retail industry group

1.17

Max: 2.62
Q3: 1.75
Median: 1.35
MELI: 1.17
Q1: 1.00
Min: 0.48

JD.com (JD) vs. MercadoLibre (MELI): A comparison of their current ratio against the Consumer Discretionary Distribution & Retail industry group benchmark.

Debt / Equity (MRQ)

JD.com (JD) at 0.37 keeps leverage in the lower industry quartile, while MercadoLibre (MELI) at 1.97 runs a more typical debt-to-equity mix.

JD

Consumer Discretionary Distribution & Retail industry group

0.37

Max: 3.93
Q3: 2.14
Median: 1.25
Q1: 0.73
JD: 0.37
Min: 0.01

MELI

Consumer Discretionary Distribution & Retail industry group

1.97

Max: 3.93
Q3: 2.14
MELI: 1.97
Median: 1.25
Q1: 0.73
Min: 0.01

JD.com (JD) vs. MercadoLibre (MELI): A comparison of their debt-to-equity ratio against the Consumer Discretionary Distribution & Retail industry group benchmark.

Financial Strength Metrics

Financial strength metrics for JD.com (JD) and MercadoLibre (MELI)
Metric	JD	MELI
Current Ratio (MRQ)	1.14	1.17
Debt / Equity (MRQ)	0.37	1.97
Net Debt / EBITDA	-9.86	2.23

Dividends

Dividend Yield (TTM)

MercadoLibre (MELI) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile JD.com (JD) reports a yield of 24.42%, ranking against industry peers normally.

JD

Consumer Discretionary Distribution & Retail industry group

24.42%

JD: 24.42%
Max: 5.84%
Q3: 2.50%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

MELI

Consumer Discretionary Distribution & Retail industry group

0.00%

Max: 5.84%
Q3: 2.50%
MELI: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

JD.com (JD) vs. MercadoLibre (MELI): A comparison of their dividend yield against the Consumer Discretionary Distribution & Retail industry group benchmark.

Dividend Payout Ratio (TTM)

MercadoLibre (MELI) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile JD.com (JD) reports a payout of 70.39%, ranking against industry peers normally.

JD

Consumer Discretionary Distribution & Retail industry group

70.39%

Max: 72.73%
JD: 70.39%
Q3: 32.44%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

MELI

Consumer Discretionary Distribution & Retail industry group

0.00%

Max: 72.73%
Q3: 32.44%
MELI: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

JD.com (JD) vs. MercadoLibre (MELI): A comparison of their payout ratio against the Consumer Discretionary Distribution & Retail industry group benchmark.

Dividend Metrics

Dividend metrics for JD.com (JD) and MercadoLibre (MELI)
Metric	JD	MELI
Dividend Yield (TTM)	24.42%	0.00%
Dividend Payout Ratio (TTM)	70.39%	0.00%

Valuation

P/E Ratio (TTM)

JD.com (JD) at 20.36 is near its industry’s usual P/E ratio, while MercadoLibre (MELI) at 40.50 sits in the richer quartile — MELI needs stronger growth or earnings quality to justify the premium.

JD

Consumer Discretionary Distribution & Retail industry group

20.36

Max: 40.50
Q3: 24.26
JD: 20.36
Median: 19.23
Q1: 12.64
Min: 4.67

MELI

Consumer Discretionary Distribution & Retail industry group

40.50

MELI: 40.50
Max: 40.50
Q3: 24.26
Median: 19.23
Q1: 12.64
Min: 4.67

JD.com (JD) vs. MercadoLibre (MELI): A comparison of their P/E ratio against the Consumer Discretionary Distribution & Retail industry group benchmark.

P/S Ratio (TTM)

JD.com (JD) at 0.03 sits in the cheaper P/S ratio quartile while MercadoLibre (MELI) at 1.99 prices around its industry’s middle — JD costs less per dollar of sales, though read it alongside growth and margins.

JD

Consumer Discretionary Distribution & Retail industry group

0.03

Max: 4.32
Q3: 1.99
Median: 0.70
Q1: 0.26
JD: 0.03
Min: 0.03

MELI

Consumer Discretionary Distribution & Retail industry group

1.99

Max: 4.32
MELI: 1.99
Q3: 1.99
Median: 0.70
Q1: 0.26
Min: 0.03

JD.com (JD) vs. MercadoLibre (MELI): A comparison of their P/S ratio against the Consumer Discretionary Distribution & Retail industry group benchmark.

P/B Ratio (MRQ)

JD.com (JD) at 1.19 is valued about in line with its industry on P/B ratio, while MercadoLibre (MELI) at 9.34 carries an above-peer premium to book — MELI is pricier on assets.

JD

Consumer Discretionary Distribution & Retail industry group

1.19

Max: 10.96
Q3: 5.26
Median: 2.16
JD: 1.19
Q1: 1.08
Min: -4.45

MELI

Consumer Discretionary Distribution & Retail industry group

9.34

Max: 10.96
MELI: 9.34
Q3: 5.26
Median: 2.16
Q1: 1.08
Min: -4.45

JD.com (JD) vs. MercadoLibre (MELI): A comparison of their P/B ratio against the Consumer Discretionary Distribution & Retail industry group benchmark.

Valuation Metrics

Valuation metrics for JD.com (JD) and MercadoLibre (MELI)
Metric	JD	MELI
P/E Ratio (TTM)	20.36	40.50
P/S Ratio (TTM)	0.03	1.99
P/B Ratio (MRQ)	1.19	9.34
Free Cash Flow Yield (TTM)	41.03%	-3.36%