Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 43.66% is in line with its 5-year average of 46.40%, near the low end of its 5-year range (40.04%–53.35%).
As of the fiscal period ended Tuesday, March 31, 2026. 1.85% below its 12-month average of 44.49%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
43.66%
GROSS MARGIN AVG TTM
44.49%
GROSS MARGIN AVG 3Y
45.80%
GROSS MARGIN AVG 5Y
46.40%
GROSS MARGIN AVG 10Y
47.21%
GROSS MARGIN AVG 15Y
56.77%
GROSS MARGIN AVG 20Y
63.27%
CURRENT VS TTM AVG
-1.85%
CURRENT VS 3Y AVG
-4.67%
CURRENT VS 5Y AVG
-5.91%
CURRENT VS 10Y AVG
-7.51%
CURRENT VS 15Y AVG
-23.09%
CURRENT VS 20Y AVG
-30.99%
SECTOR MEDIAN · CONSUMER CYCLICAL
37.11%
median of 86 covered companies
CURRENT VS SECTOR MEDIAN
+17.66%
vs the sector median at left
MercadoLibre, Inc.
Market Cap
$91.33B
Gross Margin
43.66%
TTM Avg
44.49%
3Y Avg
45.80%
5Y Avg
46.40%
Market Cap
$98.73B
Gross Margin
21.38%
TTM Avg
20.83%
3Y Avg
21.30%
5Y Avg
19.87%
Market Cap
$101.02B
Gross Margin
17.02%
TTM Avg
17.24%
3Y Avg
17.84%
5Y Avg
17.29%
Market Cap
$78.73B
Gross Margin
47.23%
TTM Avg
47.18%
3Y Avg
40.90%
5Y Avg
9.93%
Market Cap
$76.63B
Gross Margin
28.33%
TTM Avg
27.87%
3Y Avg
27.12%
5Y Avg
26.25%
Market Cap
$74.74B
Gross Margin
5.74%
TTM Avg
14.13%
3Y Avg
16.20%
5Y Avg
16.89%
Market Cap
$73.98B
Gross Margin
44.29%
TTM Avg
34.28%
3Y Avg
31.98%
5Y Avg
28.34%
Market Cap
$72.43B
Gross Margin
51.63%
TTM Avg
51.40%
3Y Avg
51.32%
5Y Avg
51.73%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| MercadoLibre, Inc. (MELI) | $91.33B | 43.66% | 44.49% | 45.80% | 46.40% |
| Marriott International, Inc. (MAR)vs › | $98.73B | 21.38% | 20.83% | 21.30% | 19.87% |
| Airbnb, Inc. (ABNB)vs › | $83.74B | 82.91% | 83.02% | 82.75% | 80.97% |
| BYD Company Limited (BYDDY)vs › | $101.02B | 17.02% | 17.24% | 17.84% | 17.29% |
| Royal Caribbean Cruises Ltd. (RCL)vs › | $78.73B | 47.23% | 47.18% | 40.90% | 9.93% |
| Ross Stores, Inc. (ROST)vs › | $76.63B | 28.33% | 27.87% | 27.12% | 26.25% |
| General Motors Company (GM)vs › | $74.74B | 5.74% | 14.13% | 16.20% | 16.89% |
| Hilton Worldwide Holdings Inc. (HLT)vs › | $73.98B | 44.29% | 34.28% | 31.98% | 28.34% |
| O'Reilly Automotive, Inc. (ORLY)vs › | $72.43B | 51.63% | 51.40% | 51.32% | 51.73% |
| Carvana Co. (CVNA)vs › | $66.31B | 19.97% | 20.23% | 15.96% | 15.17% |
Gross Margin
43.7%
(Revenue - COGS) / Revenue
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | GROSS MARGIN |
|---|---|
| 2026-03-31 | 43.66% |
| 2025-12-31 | 43.20% |
| 2025-09-30 | 43.31% |
| 2025-06-30 | 45.57% |
| 2025-03-31 | 46.69% |
| 2024-12-31 | 45.37% |
| 2024-09-30 | 45.91% |
| 2024-06-30 | 46.62% |
| 2024-03-31 | 46.71% |
| 2023-12-31 | 45.88% |
| 2023-09-30 | 53.35% |
| 2023-06-30 | 51.07% |
| 2023-03-31 | 50.66% |
| 2022-12-31 | 48.57% |
| 2022-09-30 | 50.11% |
| 2022-06-30 | 49.44% |
| 2022-03-31 | 47.73% |
| 2021-12-31 | 40.04% |
| 2021-09-30 | 43.43% |
| 2021-06-30 | 44.27% |
| 2021-03-31 | 42.89% |
| 2020-12-31 | 36.84% |
| 2020-09-30 | 43.04% |
| 2020-06-30 | 48.63% |
| 2020-03-31 | 47.97% |
| 2019-12-31 | 45.73% |
| 2019-09-30 | 47.15% |
| 2019-06-30 | 49.96% |
| 2019-03-31 | 50.03% |
| 2018-12-31 | 47.84% |
| 2018-09-30 | 47.77% |
| 2018-06-30 | 47.63% |
| 2018-03-31 | 50.71% |
| 2017-12-31 | 46.54% |
| 2017-09-30 | 57.66% |
| 2017-06-30 | 60.43% |
| 2017-03-31 | 62.61% |
| 2016-12-31 | 63.50% |
| 2016-09-30 | 63.09% |
| 2016-06-30 | 63.26% |
| 2016-03-31 | 64.82% |
| 2015-12-31 | 65.05% |
| 2015-09-30 | 66.31% |
| 2015-06-30 | 67.40% |
| 2015-03-31 | 69.81% |
| 2014-12-31 | 70.46% |
| 2014-09-30 | 70.66% |
| 2014-06-30 | 72.41% |
| 2014-03-31 | 72.66% |
| 2013-12-31 | 73.11% |
| 2013-09-30 | 72.25% |
| 2013-06-30 | 72.30% |
| 2013-03-31 | 72.11% |
| 2012-12-31 | 73.59% |
| 2012-09-30 | 73.58% |
| 2012-06-30 | 73.11% |
| 2012-03-31 | 74.81% |
| 2011-12-31 | 76.03% |
| 2011-09-30 | 75.42% |
| 2011-06-30 | 75.58% |
| 2011-03-31 | 76.68% |
| 2010-12-31 | 77.86% |
| 2010-09-30 | 79.53% |
| 2010-06-30 | 78.27% |
| 2010-03-31 | 78.46% |
| 2009-12-31 | 78.91% |
| 2009-09-30 | 79.46% |
| 2009-06-30 | 78.99% |
| 2009-03-31 | 79.48% |
| 2008-12-31 | 80.68% |
| 2008-09-30 | 79.75% |
| 2008-06-30 | 79.98% |
| 2008-03-31 | 79.13% |
| 2007-12-31 | 77.09% |
| 2007-09-30 | 77.23% |
| 2007-06-30 | 78.54% |
| 2007-03-31 | 78.28% |
| 2006-12-31 | 100.00% |
| 2006-09-30 | 100.00% |
| 2006-06-30 | 100.00% |
| 2006-03-31 | 100.00% |
| 2005-12-31 | 100.00% |
| 2005-09-30 | 100.00% |
| 2005-06-30 | 100.00% |
| 2005-03-31 | 100.00% |
