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Side-by-side financial comparison of MERCADOLIBRE INC (MELI) and Vipshop Holdings Ltd (VIPS), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.

MercadoLibre, Inc., known as Mercado Livre in Brazil, literally meaning "free market" in both languages, is a company of Argentine origin and incorporated in Delaware in the United States that operates online marketplaces dedicated to e-commerce and online auctions. As of 2016, Mercado Libre had 174.2 million users in Latin America, making it the region's most popular e-commerce site by number of visitors.

Vipshop is a Chinese company that operates the e-commerce website VIP.com specializing in online discount sales. Vipshop is based out of Guangzhou, Guangdong, China, and was listed on New York Stock Exchange (NYSE) on March 23, 2012.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.

Revenue
MELI
MELI
VIPS
VIPS
Q4 25
$6.1B
Q3 25
$5.2B
Q2 25
$4.8B
Q1 25
$4.2B
Q4 24
$4.4B
Q3 24
$3.9B
Q2 24
$3.8B
Q1 24
$3.1B
Net Profit
MELI
MELI
VIPS
VIPS
Q4 25
$559.0M
Q3 25
$421.0M
Q2 25
$523.0M
Q1 25
$494.0M
Q4 24
$639.0M
Q3 24
$397.0M
Q2 24
$531.0M
Q1 24
$344.0M
Gross Margin
MELI
MELI
VIPS
VIPS
Q4 25
61.7%
Q3 25
61.7%
Q2 25
64.4%
Q1 25
66.1%
Q4 24
62.8%
Q3 24
62.6%
Q2 24
62.8%
Q1 24
65.3%
Operating Margin
MELI
MELI
VIPS
VIPS
Q4 25
14.5%
Q3 25
13.9%
Q2 25
17.2%
Q1 25
18.2%
Q4 24
18.7%
Q3 24
14.3%
Q2 24
19.3%
Q1 24
17.0%
Net Margin
MELI
MELI
VIPS
VIPS
Q4 25
9.1%
Q3 25
8.1%
Q2 25
10.9%
Q1 25
11.8%
Q4 24
14.6%
Q3 24
10.2%
Q2 24
14.1%
Q1 24
11.1%
EPS (diluted)
MELI
MELI
VIPS
VIPS
Q4 25
$11.03
Q3 25
$8.32
Q2 25
$10.31
Q1 25
$9.74
Q4 24
$12.60
Q3 24
$7.83
Q2 24
$10.48
Q1 24
$6.78

Financial Flow Comparison

Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.

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