• MercadoLibre average operating margin for 2023 was 13.54%, a 81.74% decline from 2022.
• MercadoLibre average operating margin for 2022 was 7.45%, a 26.92% increase from 2021.
• MercadoLibre average operating margin for 2021 was 5.87%, a 565.87% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.