Which has the lower trailing P/E, MELI or SHOP?

MELI has the lower trailing P/E: MELI trades at 49.75 and SHOP at 106.40. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, MELI or SHOP?

Over the past five years, MELI grew revenue faster — MELI at a 44.82% CAGR versus SHOP at 28.06%.

Is MELI or SHOP more profitable?

SHOP runs the higher net margin — MELI at 5.30% versus SHOP at 14.53%.

How have MELI and SHOP total returns compared?

Over the past 10 years, MELI delivered 26.94% and SHOP delivered 44.70% annualized total return. Past performance doesn't predict future results.

MercadoLibre, Inc. (MELI) vs Shopify Inc. (SHOP)

A side-by-side comparison of MercadoLibre, Inc. and Shopify Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 14, 2026. Differences are shown without an overall score or investment verdict.

Different business models: MELI is classified in Consumer Cyclical; SHOP is classified in Technology. Margin, capital intensity, and valuation differences should be interpreted in that sector context.

MELI

MercadoLibre, Inc.

$93.52B

$1,844.58Consumer CyclicalDelayed quote: Aug 14, 2026, 4:00 PM EDT

SHOP

Shopify Inc.

$200.25B

$154.32TechnologyDelayed quote: Aug 14, 2026, 4:00 PM EDT

Total return — MELI vs SHOP

growth of $100 · dividends reinvested · last 10y

MELI +978.5% (+26.8%/yr)SHOP +3956.6% (+44.8%/yr)SHOP compounded faster over this window

MELI SHOP

MELI vs SHOP: by the numbers

•SHOP is the larger company ($200.25B vs $93.52B market cap).
•MELI trades at the lower trailing earnings multiple (49.75 vs 106.40 P/E), one valuation lens rather than an overall verdict.
•SHOP converts more revenue to profit (14.53% vs 5.30% net margin).
•MELI grew revenue faster over the past five years (44.82% vs 28.06% CAGR).

Metrics side by side

Valuation

Metric	MELI	SHOP
P/E ratio	49.75	106.40
Forward P/E	47.52	84.64
P/S ratio	2.63	15.51
P/B ratio	11.83	16.22
EV / EBITDA	26.26	109.07
FCF yield	13.44%	1.14%

Profitability

Metric	MELI	SHOP
Gross margin	42.68%	47.77%
Operating margin	8.26%	13.90%
Net margin	5.30%	14.53%
ROE	23.78%	15.20%
ROIC	11.78%	8.67%

Growth (annualized)

Metric	MELI	SHOP
Revenue CAGR (5Y)	44.82%	28.06%
EPS CAGR (5Y)	N/A	28.61%
FCF CAGR (5Y)	129.42%	35.93%
Total return CAGR (5Y)	-0.25%	1.14%

Frequently asked

Which has the lower trailing P/E, MELI or SHOP?: MELI has the lower trailing P/E: MELI trades at 49.75 and SHOP at 106.40. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, MELI or SHOP?: Over the past five years, MELI grew revenue faster — MELI at a 44.82% CAGR versus SHOP at 28.06%.
Is MELI or SHOP more profitable?: SHOP runs the higher net margin — MELI at 5.30% versus SHOP at 14.53%.
How have MELI and SHOP total returns compared?: Over the past 10 years, MELI delivered 26.94% and SHOP delivered 44.70% annualized total return. Past performance doesn't predict future results.

Go deeper

Full MELI analysis Full SHOP analysis Interactive comparison tool

Dig into the metrics

MercadoLibre P/E ratio Shopify P/E ratio MercadoLibre ROE Shopify ROE MercadoLibre operating margin Shopify operating margin MercadoLibre revenue growth Shopify revenue growth MercadoLibre free cash flow Shopify free cash flow

MercadoLibre & Shopify appear in these rankings

Fastest Revenue Growth Stocks Highest FCF Yield Stocks Highest 10-Year Total Return Stocks Largest Companies by Market Cap

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified August 14, 2026.