MercadoLibre (WBO:MELI) Tax Rate % : 28.48% (As of Mar. 2024)

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What is MercadoLibre Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. MercadoLibre's Tax Expense for the three months ended in Mar. 2024 was €126 Mil. MercadoLibre's Pre-Tax Income for the three months ended in Mar. 2024 was €443 Mil. Therefore, MercadoLibre's Tax Rate % for the quarter that ended in Mar. 2024 was 28.48%.

MercadoLibre Tax Rate % Historical Data

The historical data trend for MercadoLibre's Tax Rate % 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.

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MercadoLibre Tax Rate % Chart

MercadoLibre Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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-60.38

101.23

61.83

38.21

36.64

MercadoLibre Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															38.13	44.49	32.39	28.26	28.48

MercadoLibre Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

MercadoLibre's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	521.773	/	1424.101
	=	36.64 %

MercadoLibre's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	126.04	/	442.52
	=	28.48 %

MercadoLibre Tax Rate % Related Terms

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MercadoLibre (WBO:MELI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » MercadoLibre Inc (WBO:MELI) » Definitions » Tax Rate %

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Address

WTC Free Zone, Dr. Luis Bonavita 1294, Of. 1733, Tower II, Montevideo, URY, 11300

Website

https://www.mercadolibre.com

MercadoLibre runs the largest e-commerce marketplace in Latin America, connecting a network of more than 148 million active users and 1 million active sellers as of the end of 2022 across an 18-country footprint. The company also operates a host of complementary businesses, with shipping solutions (Mercado Envios), a payment and financing operation (Mercado Pago and Mercado Credito), advertisements (Mercado Clics), classifieds, and a turnkey e-commerce solution (Mercado Shops) rounding out its arsenal. MercadoLibre generates revenue from final value fees, advertising royalties, payment processing, insertion fees, subscription fees, and interest income from consumer and small-business lending.