MercadoLibre
MercadoLibre returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 16.75% | 22.21% | -3.57% | 27.5% | 4.42% | 9.1 pp |
| FY 2026 Q1 | Mar 31, 2026 | 19.61% | 24.81% | -1.32% | 31.26% | 5.15% | 11.9 pp |
| FY 2025 Q4 | Dec 31, 2025 | 22.83% | 28.29% | 3.76% | 35.99% | 5.89% | 15.1 pp |
| FY 2025 Q3 | Sep 30, 2025 | 24.7% | 30.59% | 15.93% | 40.65% | 7% | 17 pp |
| FY 2025 Q2 | Jun 30, 2025 | 29.06% | 32.38% | 12.92% | 43.83% | 7.75% | 21.4 pp |
| FY 2025 Q1 | Mar 31, 2025 | 32.36% | 34.9% | 26.26% | 49.11% | 8.82% | 24.7 pp |
| FY 2024 Q4 | Dec 31, 2024 | 33.23% | 35.22% | 27.63% | 51.5% | 8.92% | 25.5 pp |
| FY 2024 Q3 | Sep 30, 2024 | 26.58% | 30.38% | 21.18% | 42.62% | 7.42% | 18.9 pp |
| FY 2024 Q2 | Jun 30, 2024 | 31.31% | 35.69% | 240.03% | 47.36% | 7.93% | 23.6 pp |
| FY 2024 Q1 | Mar 31, 2024 | 27.74% | 34.58% | 112.4% | 41.62% | 6.79% | 20 pp |
| FY 2023 Q4 | Dec 31, 2023 | 28.88% | 38.31% | 226.69% | 40.3% | 6.29% | 21.2 pp |
| FY 2023 Q3 | Sep 30, 2023 | 23.55% | 35.85% | 447.17% | 45.15% | 7.03% | 15.8 pp |
| FY 2023 Q2 | Jun 30, 2023 | 18.18% | 30.1% | 108.85% | 39.51% | 5.67% | 10.5 pp |
| FY 2023 Q1 | Mar 31, 2023 | 17.37% | 24.29% | 80.4% | 34.06% | 4.9% | 9.7 pp |
| FY 2022 Q4 | Dec 31, 2022 | 17.9% | 21.91% | 21.31% | 28.7% | 4.04% | 10.2 pp |
| FY 2022 Q3 | Sep 30, 2022 | 13.46% | 18.96% | 10.67% | 30.89% | 2.89% | 5.8 pp |
| FY 2022 Q2 | Jun 30, 2022 | 12.71% | 16.61% | — | 28.55% | 2.7% | 5 pp |
| FY 2022 Q1 | Mar 31, 2022 | 10.11% | 14.4% | — | 23.39% | 2.25% | 2.4 pp |
| FY 2021 Q4 | Dec 31, 2021 | 9.16% | 12.32% | — | 5.23% | 1% | 1.5 pp |
| FY 2021 Q3 | Sep 30, 2021 | 7.22% | 14.96% | — | 8.43% | 1.26% | -0.5 pp |
| FY 2021 Q2 | Jun 30, 2021 | — | 12.43% | — | -0.24% | -0.02% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | 10.18% | — | -1.69% | -0.28% | — |
| FY 2020 Q4 | Dec 31, 2020 | — | 4.31% | — | -0.21% | -0.01% | — |
| FY 2020 Q3 | Sep 30, 2020 | — | 2.9% | — | -0.37% | -0.08% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | -2.73% | — | -8.51% | -3.29% | — |
| FY 2020 Q1 | Mar 31, 2020 | — | -6.35% | — | -10.19% | -4.6% | — |
| FY 2019 Q4 | Dec 31, 2019 | — | -7.47% | — | -15.59% | -4.9% | — |
| FY 2019 Q3 | Sep 30, 2019 | — | -4.17% | — | -10.77% | -3.73% | — |
| FY 2019 Q2 | Jun 30, 2019 | — | -0.77% | — | 0.77% | 0.51% | — |
| FY 2019 Q1 | Mar 31, 2019 | — | -1.56% | — | -1.43% | -0.38% | — |
| FY 2018 Q4 | Dec 31, 2018 | — | -7.81% | — | -11.04% | -1.87% | — |
| FY 2018 Q3 | Sep 30, 2018 | — | -14.61% | — | -27.27% | -5.61% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | -13.73% | — | -20.93% | -4.24% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | -4.93% | — | -12.97% | -2.98% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | 7.52% | — | 3.65% | 0.91% | — |
| FY 2017 Q3 | Sep 30, 2017 | — | 23.86% | — | 33.16% | 9.24% | — |
| FY 2017 Q2 | Jun 30, 2017 | — | 27.26% | — | 34.99% | 10.87% | — |
| FY 2017 Q1 | Mar 31, 2017 | — | 27.72% | — | 37.03% | 12.05% | — |
| FY 2016 Q4 | Dec 31, 2016 | — | 24.64% | — | 35.5% | 11.5% | — |
| FY 2016 Q3 | Sep 30, 2016 | — | 20.54% | — | 32.69% | 10.67% | — |
| FY 2016 Q2 | Jun 30, 2016 | — | 20.34% | — | 36.87% | 12.1% | — |
| FY 2016 Q1 | Mar 31, 2016 | — | 21.34% | — | 39.26% | 13.04% | — |
| FY 2015 Q4 | Dec 31, 2015 | — | 20.58% | — | 30.43% | 10.74% | — |
| FY 2015 Q3 | Sep 30, 2015 | — | 22.2% | — | 28.68% | 10.06% | — |
| FY 2015 Q2 | Jun 30, 2015 | — | 23.08% | — | 26.22% | 9.34% | — |
| FY 2015 Q1 | Mar 31, 2015 | — | 21.87% | — | 12.87% | 5.6% | — |
| FY 2014 Q4 | Dec 31, 2014 | — | 23.11% | — | 20.76% | 9.31% | — |
| FY 2014 Q3 | Sep 30, 2014 | — | 25.33% | — | 23.77% | 10.52% | — |
| FY 2014 Q2 | Jun 30, 2014 | — | 24.04% | — | 23.21% | 10.54% | — |
| FY 2014 Q1 | Mar 31, 2014 | — | 45.98% | — | 40.12% | 23.67% | — |
| FY 2013 Q4 | Dec 31, 2013 | — | 45.34% | — | 37.11% | 21.95% | — |
| FY 2013 Q3 | Sep 30, 2013 | — | 44.18% | — | 36.13% | 21.39% | — |
| FY 2013 Q2 | Jun 30, 2013 | — | 45.83% | — | 37.27% | 22.38% | — |
| FY 2013 Q1 | Mar 31, 2013 | — | 46.22% | — | 36.86% | 22.56% | — |
| FY 2012 Q4 | Dec 31, 2012 | — | 47.43% | — | 39.78% | 24.29% | — |
| FY 2012 Q3 | Sep 30, 2012 | — | 47.02% | — | 38.94% | 24.53% | — |
| FY 2012 Q2 | Jun 30, 2012 | — | 48.81% | — | 41.72% | 26.29% | — |
| FY 2012 Q1 | Mar 31, 2012 | — | 46.93% | — | 39.15% | 24.84% | — |
| FY 2011 Q4 | Dec 31, 2011 | — | 47.63% | — | 39.28% | 24.55% | — |
| FY 2011 Q3 | Sep 30, 2011 | — | 47.32% | — | 39.07% | 25.13% | — |
| FY 2011 Q2 | Jun 30, 2011 | — | 46.24% | — | 38.39% | 24.6% | — |
| FY 2011 Q1 | Mar 31, 2011 | — | — | — | — | — | — |
| FY 2010 Q4 | Dec 31, 2010 | — | — | — | — | — | — |
| FY 2010 Q3 | Sep 30, 2010 | — | — | — | — | — | — |
| FY 2010 Q2 | Jun 30, 2010 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · MELI, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.