MercadoLibre (MEX:MELIN) EBIT: MXN53,098 Mil (TTM As of Mar. 2026)


MEX:MELIN MercadoLibre Inc MEX:MELIN
71 GF Score
Price MXN28,406.70
GF Value MXN62,504.41
Valuation Significantly Undervalued
! 3 Warning Signs
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What is MercadoLibre EBIT?

MercadoLibre MEX:MELIN -3.44% 71 EBIT is MXN53,098 Mil as of Mar. 2026. GuruFocus rates MEX:MELIN with a GF Score™ of 71/100 and a GF Value™ of MXN62,504.41 (Significantly Undervalued). The stock has 3 warning signs investors should review.

MercadoLibre's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was MXN11,613 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was MXN53,098 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MercadoLibre's annualized ROC % for the quarter that ended in Mar. 2026 was 11.49%. MercadoLibre's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 55.32%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. MercadoLibre's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.38%.


MercadoLibre  (MEX:MELIN) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

MercadoLibre's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=44071.92 * ( 1 - 27.98% )/( (262090.969 + 290633.027)/ 2 )
=31740.596784/276361.998
=11.49 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=768249.202 - 417210.075 - ( 99265.424 - max(0, 515557.208 - 604505.366+99265.424))
=262090.969

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=846346.743 - 462773.18 - ( 98386.411 - max(0, 576487.387 - 669427.923+98386.411))
=290633.027

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

MercadoLibre's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=46452.236/( ( (81097.673 + max(-211422.93, 0)) + (86827.451 + max(-228185.785, 0)) )/ 2 )
=46452.236/( ( 81097.673 + 86827.451 )/ 2 )
=46452.236/83962.562
=55.32 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6644.103 + 10263.249 + 196244.124) - (417210.075 + 3042.963 + 4321.368)
=-211422.93

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6672.099 + 12208.138 + 225048.097) - (462773.18 + 0 + 9340.939)
=-228185.785

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

MercadoLibre's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=53098.329/1568662.376
=3.38 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


MercadoLibre EBIT Related Terms


MercadoLibre EBIT Historical Data

* Premium members only.

The historical data trend for MercadoLibre's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

MercadoLibre EBIT Chart

MercadoLibre Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9,641.58 17,838.84 29,314.53 54,162.25 54,053.11

MercadoLibre Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15,241.36 14,159.56 12,308.96 15,016.75 11,613.06

MEX:MELIN vs DASH, SE, PDD: EBIT Comparison

For the Internet Retail subindustry, MercadoLibre's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


MercadoLibre EV-to-EBIT vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, MercadoLibre's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where MercadoLibre's EV-to-EBIT falls into.


MEX:MELIN
71GF Score
MercadoLibre Inc MEX:MELIN
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MercadoLibre EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN53,098 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of MXN53,098 Mil mean?
MercadoLibre (MEX:MELIN) has a EBIT of MXN53,098 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on MercadoLibre.
Is MercadoLibre's EBIT too high?
MercadoLibre's current EBIT is MXN53,098 Mil. Overall, MercadoLibre has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MercadoLibre's EBIT compare to DASH and SE?
MercadoLibre's EBIT of MXN53,098 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Retail - Cyclical company?
A good EBIT depends on the Retail - Cyclical industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on MercadoLibre. MercadoLibre's current EBIT is MXN53,098 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MercadoLibre stock overvalued right now?
Based on GuruFocus' analysis, MercadoLibre (MEX:MELIN) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN62,504.41, compared to a current price of MXN28,406.70 — trading 54.6% below its estimated fair value. The current EBIT is MXN53,098 Mil. MercadoLibre's overall GF Score™ is 71/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For MercadoLibre (MEX:MELIN), the current EBIT is MXN53,098 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is MercadoLibre (MEX:MELIN) Overvalued in 2026?

Based on GuruFocus' analysis, MercadoLibre stock appears to be undervalued. The current stock price of MXN28,406.70 is trading 54.6% below its estimated GF Value™ of MXN62,504.41. GuruFocus considers MercadoLibre to be Significantly Undervalued.

Key valuation signals for MEX:MELIN:

  • EBIT: MXN53,098 Mil
  • GF Value™: MXN62,504.41 vs. price of MXN28,406.70 (54.6% below fair value)
  • GF Score™: 71/100 with 3 warning signs

No single metric tells the full story. See the MEX:MELIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MercadoLibre Business Description

Address WTC Free Zone, Dr Luis Bonavita 1294, Of. 1733, Tower II, Montevideo, URY, 11300
MercadoLibre is the largest e-commerce marketplace in Latin America, with more than 120 million unique active buyers and 1 million active sellers at the end of 2025. The company is roughly split between its e-commerce business, which includes its fulfillment and advertising services, and its fintech segment, which comprises its rapidly expanding payment and digital wallet platform (Mercado Pago) and its lending business (Mercado Credito). While the company operates in 18 countries, its primary markets are Brazil, Argentina, and Mexico, which account for more than 95% of its revenue.
71GF Score

Get the complete analysis for MEX:MELIN

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN28,406.70
Price
MXN62,504.41
GF Value