MERCADOLIBRE INC MELI

Industrials SIC 7389 - Services-Business Services, NEC NAICS Administrative and Support and Waste Management and Remediation Services › Administrative and Support Services derived Nasdaq

MercadoLibre, Inc. (together with its subsidiaries "us," "we," "our," "MercadoLibre," or the "Company") is the leading online commerce and fintech ecosystem in Latin America. Our e-commerce platform is the leader in the region based on gross merchandise volume ("GMV"), and our fintech platform is the leader in monthly active users ("MAUs") among fintech companies in Argentina, Chile and Mexico, and the second largest in Brazil. Mercado Libre's e-commerce platform is present in 18 countries (Argentina, Brazil, Mexico, Chile, Colombia, Peru, Uruguay, Venezuela (deconsolidated since December 2017), Bolivia, Costa Rica, Dominican Republic, Ecuador, Guatemala, Honduras, Nicaragua, Panama, Paraguay and El Salvador) and our fintech platform, Mercado Pago, is present in 8 countries (Argentina, Brazil, Mexico, Chile, Colombia, Peru, Uruguay and Ecuador). Our ecosystem provides consumers and merchants with a complete portfolio of services to enable buying and selling online, and the processing of payments online and offline, as well as offering a wide array of simple day-to-day financial services.

Last close 1,810.15 2026-10-23
Market cap $91.77B 2026-06-30 share count
52-week range 1,495.00 - 2,428.00

Valuation FY2025 figures against the last close

P/S4.5x
P/E45.9x
P/FCF8.5x
EV/EBITDA29.6x
Dividend yield—
Diluted EPS39.40

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $20.34B$15.14B$10.49B$7.45B$5.71B$3.97B$2.30B$1.44B$1.22B$844.4M
Cost of revenue $16.04B$11.20B$7.52B$5.58B$4.06B$2.27B$1.19B$742.6M$496.9M$307.5M
Gross profit $12.86B$9.58B$7.59B$5.20B$3.00B$1.71B$1.10B$697.0M$719.6M$536.9M
R&D $2.27B$1.93B$1.83B$1.10B$590.0M$353.0M$223.8M$146.3M$127.2M$98.5M
SG&A $1.08B$963.0M$766.0M$661.0M$465.0M$327.0M$197.5M$137.8M$122.2M$87.3M
Total operating expenses $9.66B$6.95B$5.38B$4.13B$2.56B$1.58B$1.26B$766.5M$663.3M$355.8M
Operating income $3.20B$2.63B$2.21B$1.07B$441.0M$128.0M-$153.2M-$69.5M$56.3M$181.1M
Pre-tax income $2.84B$2.43B$1.55B$780.0M$241.0M$81.0M-$107.2M-$65.5M$54.1M$185.3M
Income tax $845.0M$521.0M$569.0M$298.0M$149.0M$82.0M$64.8M$28.9M$40.3M$49.0M
Net income $2.00B$1.91B$987.0M$482.0M$83.0M-$1.0M-$172.0M-$36.6M$13.8M$136.4M
EPS, basic 39.4037.6919.649.571.67-0.08-3.71-0.820.313.09
EPS, diluted 39.4037.6919.469.531.67-0.08-3.71-0.820.313.09
Shares, diluted (wtd. avg.) 50.7M50.7M51.0M51.3M49.8M49.7M48.7M44.5M44.2M44.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $3.67B$2.63B$3.85B$3.36B$3.65B$2.51B$1.45B$464.7M$388.3M$234.1M
Short-term investments $2.63B$4.49B$3.48B$2.34B$810.0M$1.24B$1.60B$461.5M$209.4M$253.3M
Receivables $369.0M$255.0M$156.0M$130.0M$98.0M$49.7M$35.4M$35.2M$28.2M$25.4M
Inventory $570.0M$296.0M$238.0M$152.0M$253.0M$118.1M$8.6M$4.6M$2.5M$1.1M
Total current assets $33.57B$20.14B$14.26B$10.95B$8.18B$5.35B$3.79B$1.51B$1.29B$869.5M
Property, plant and equipment $2.30B$1.38B$1.25B$993.0M$807.0M$391.7M$244.3M$165.6M$114.8M$124.3M
Goodwill $163.0M$149.0M$163.0M$153.0M$148.0M$85.0M$87.6M$88.9M$92.3M$91.8M
Other intangibles $33.0M$12.0M$11.0M$25.0M$45.0M$14.2M$14.3M$18.6M$23.2M$26.3M
Total assets $42.67B$25.20B$17.61B$13.74B$10.10B$6.53B$4.78B$2.24B$1.67B$1.37B
Accounts payable $4.50B$3.20B$2.12B$1.39B$1.04B$767.3M$372.3M$266.8M$221.1M$105.1M
Total current liabilities $28.63B$16.60B$11.26B$8.56B$5.84B$3.64B$1.75B$1.17B$968.0M$576.6M
Long-term debt $9.19B$5.71B$4.50B$4.76B$3.52B—————
Total liabilities $35.92B$20.84B$14.54B$11.91B$8.57B$4.87B$2.70B$1.90B$1.35B$938.6M
Retained earnings $5.81B$3.81B$1.90B$913.0M$397.0M$314.1M$322.6M$503.4M$537.9M$550.6M
Total equity $6.75B$4.35B$3.07B$1.83B$1.53B$1.65B$1.98B$336.7M$325.8M$428.9M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $12.12B$7.92B$5.14B$2.94B$965.0M$1.18B$451.1M$230.9M$269.0M$190.3M
Stock-based compensation ———————$27.5M$35.7M$23.0M
Capital expenditure $1.34B$860.0M$509.0M$455.0M$573.0M$247.0M$136.8M$93.1M$55.2M$68.5M
Investing cash flow -$6.18B-$8.29B-$3.45B-$3.87B-$1.60B-$252.0M-$1.45B-$672.5M-$22.6M-$84.2M
Financing cash flow $2.90B$1.96B-$267.0M$916.0M$1.93B$242.0M$2.02B$608.9M-$50.9M-$19.7M
Dividends paid ———————$6.6M$26.5M$24.4M
Buybacks $1.0M$1.0M$356.0M$148.0M$486.0M$54.0M$720.0K———

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001099590-26-000010.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -10B 0 10B 20B 30B Revenue, FY2016: 844.4M Gross profit, FY2016: 536.9M Net income, FY2016: 136.4M Revenue, FY2017: 1.2B Gross profit, FY2017: 719.6M Net income, FY2017: 13.8M Revenue, FY2018: 1.4B Gross profit, FY2018: 697M Net income, FY2018: -36.6M Revenue, FY2019: 2.3B Gross profit, FY2019: 1.1B Net income, FY2019: -172M Revenue, FY2020: 4B Gross profit, FY2020: 1.7B Net income, FY2020: -1M Revenue, FY2021: 5.7B Gross profit, FY2021: 3B Net income, FY2021: 83M Revenue, FY2022: 7.5B Gross profit, FY2022: 5.2B Net income, FY2022: 482M Revenue, FY2023: 10.5B Gross profit, FY2023: 7.6B Net income, FY2023: 987M Revenue, FY2024: 15.1B Gross profit, FY2024: 9.6B Net income, FY2024: 1.9B Revenue, FY2025: 20.3B Gross profit, FY2025: 12.9B Net income, FY2025: 2B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $844.4M $1.22B $1.44B $2.30B $3.97B $5.71B $7.45B $10.49B $15.14B $20.34B
Gross profit $536.9M $719.6M $697.0M $1.10B $1.71B $3.00B $5.20B $7.59B $9.58B $12.86B
Net income $136.4M $13.8M -$36.6M -$172.0M -$1.0M $83.0M $482.0M $987.0M $1.91B $2.00B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Material agreement signed Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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