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MercadoLibre, Inc.(MELI)Earnings, Financials & Key Ratios
MELI•NASDAQ
$1841.14
$93.34B mkt cap·46.7× P/E·Price updated May 6, 2026
AboutMercadoLibre, Inc. operates online commerce platforms in Latin America. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases online; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps. The company also offers Mercado Fondo that allows users to invest funds deposited in their Mercado Pago accounts; Mercado Credito, which extends loans to certain merchants and consumers; and Mercado Envios logistics solution that enables sellers on its platform to utilize third-party carriers and other logistics service providers, as well as fulfillment and warehousing services for sellers. In addition, it provides Mercado Libre Classifieds, an online classified listing service, where users can list and purchase motor vehicles, real estate, and services; Mercado Libre Ads, an advertising platform, which enables large retailers and brands to promote their products and services on the Internet; and Mercado Shops, an online storefronts solution that enables users to set-up, manage, and promote their own digital stores. MercadoLibre, Inc. was incorporated in 1999 and is headquartered in Montevideo, Uruguay.Show more
- Revenue$28.89B+39.1%
- EBITDA$3.77B+16.1%
- Net Income$2B+4.5%
- EPS (Diluted)39.39+4.5%
- Gross Margin44.5%-3.5%
- EBITDA Margin13.06%-16.5%
- Operating Margin11.08%-12.5%
- Net Margin6.91%-24.9%
- ROE35.99%-30.1%
- ROIC20.84%-23.9%
- Debt/Equity1.69+7.2%
- Interest Coverage20.20+19.0%
MELI Key Insights
MercadoLibre, Inc. (MELI) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 42.6%
- ✓FCF machine: 37.3% free cash flow margin
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 48.7%
✗Weaknesses
- ✗Trading more than 30% below 52-week high
- ✗Expensive at 13.8x book value
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
MELI Price & Volume
MercadoLibre, Inc. (MELI) stock price & volume — 10-year historical chart
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MELI Growth Metrics
MercadoLibre, Inc. (MELI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years46.11%
5 Years48.7%
3 Years38.91%
TTM39.06%
Profit CAGR
10 Years34.15%
5 Years-
3 Years60.61%
TTM4.5%
EPS CAGR
10 Years32.29%
5 Years-
3 Years60.48%
TTM4.51%
Return on Capital
10 Years15.8%
5 Years27.36%
3 Years33.94%
Last Year28.29%
MELI Recent Earnings
MercadoLibre, Inc. (MELI) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 12/12 qtrs (100%)
Q1 2026Latest
Feb 24, 2026EPS
$11.03
Est $11.45
-3.7%
Revenue
$8.8B
Est $8.4B
+3.7%
Q4 2025
Oct 29, 2025EPS
$8.32
Est $9.12
-8.8%
Revenue
$7.4B
Est $7.2B
+2.7%
Q3 2025
Aug 4, 2025EPS
$10.31
Est $11.93
-13.6%
Revenue
$6.8B
Est $6.7B
+1.7%
Q2 2025
May 7, 2025EPS
$9.74
Est $8.27
+17.8%
Revenue
$5.9B
Est $5.5B
+8.2%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 24, 2026 | $11.03vs $11.45-3.7% | $8.8Bvs $8.4B+3.7% |
| Q4 2025 | Oct 29, 2025 | $8.32vs $9.12-8.8% | $7.4Bvs $7.2B+2.7% |
| Q3 2025 | Aug 4, 2025 | $10.31vs $11.93-13.6% | $6.8Bvs $6.7B+1.7% |
| Q2 2025 | May 7, 2025 | $9.74vs $8.27+17.8% | $5.9Bvs $5.5B+8.2% |
Based on last 12 quarters of dataView full earnings history →
MELI Peer Comparison
MercadoLibre, Inc. (MELI) competitors in General Online Marketplaces — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 AMZN | 2.96T | 274.95 | 38.35 | 12.38% | 12.22% | 23.34% | 0.37 | |
 BABA | 341.64B | 141.48 | 17.99 | 5.86% | 12.19% | 11.24% | 0.23 | |
 SE | 54.44B | 90.02 | 123.32 | 28.75% | 6.78% | 15.16% | 0.49 | |
 GRAB | 14.98B | 3.77 | 59.18 | 20.49% | 10.67% | 5.79% | 0.30 | |
 CPNG | 32.32B | 17.89 | 162.64 | 14.09% | -0.58% | -3.67% | 1.00 | |
 PYPL | 42.56B | 46.26 | 8.55 | 4.32% | 25.08% | 0.49 | ||
 NU | 55.36B | 14.48 | 36.20 | 44.79% | 23.96% | 0.12 | ||
 PAGS | 1.78B | 10.41 | 7.39 | 5.57% | 10.72% | 14.4% | 2.38 |
Compare MELI vs Peers
MercadoLibre, Inc. (MELI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MELI Income Statement
MercadoLibre, Inc. (MELI) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 1.22B | 1.44B | 2.3B | 3.97B | 7.07B | 10.78B | 15.11B | 20.78B | 28.89B |
| Revenue Growth % | 44.07% | 18.34% | 59.5% | 73.06% | 77.88% | 52.5% | 40.14% | 37.53% | 39.06% |
| Cost of Goods Sold | 496.94M | 742.64M | 1.19B | 2.27B | 4.06B | 5.58B | 7.52B | 11.2B | 16.04B |
| COGS % of Revenue | 40.85% | 51.59% | 52% | 57% | 57.49% | 51.78% | 49.76% | 53.91% | 55.5% |
| Gross Profit | 719.6M▲ 0% | 697.01M▼ 3.1% | 1.1B▲ 58.1% | 1.71B▲ 55.1% | 3B▲ 75.8% | 5.2B▲ 73.0% | 7.59B▲ 46.0% | 9.58B▲ 26.2% | 12.86B▲ 34.3% |
| Gross Margin % | 59.15% | 48.41% | 48% | 43% | 42.51% | 48.22% | 50.24% | 46.09% | 44.5% |
| Gross Profit Growth % | 34.04% | -3.14% | 58.12% | 55.06% | 75.83% | 72.98% | 46.02% | 26.18% | 34.26% |
| Operating Expenses | 663.33M | 766.49M | 1.26B | 1.58B | 2.56B | 4.13B | 5.38B | 6.95B | 9.66B |
| OpEx % of Revenue | 54.53% | 53.24% | 54.67% | 39.78% | 36.27% | 38.3% | 35.63% | 33.43% | 33.42% |
| Selling, General & Admin | 447.57M | 620.22M | 1.03B | 1.09B | 1.54B | 1.96B | 2.5B | 3.15B | 7.39B |
| SG&A % of Revenue | 36.79% | 43.08% | 44.92% | 27.55% | 21.77% | 18.15% | 16.56% | 15.18% | 25.57% |
| Research & Development | 127.16M | 146.27M | 223.81M | 353M | 590M | 1.1B | 1.83B | 1.93B | 2.27B |
| R&D % of Revenue | 10.45% | 10.16% | 9.75% | 8.88% | 8.35% | 10.19% | 12.12% | 9.31% | 7.85% |
| Other Operating Expenses | 88.6M | 0 | 0 | 133M | 435M | 1.07B | 1.05B | 1.86B | 0 |
| Operating Income | 56.27M▲ 0% | -69.48M▼ 223.5% | -153.16M▼ 120.4% | 128M▲ 183.6% | 441M▲ 244.5% | 1.07B▲ 142.4% | 2.21B▲ 106.5% | 2.63B▲ 19.2% | 3.2B▲ 21.7% |
| Operating Margin % | 4.63% | -4.83% | -6.67% | 3.22% | 6.24% | 9.92% | 14.61% | 12.66% | 11.08% |
| Operating Income Growth % | -68.92% | -223.47% | -120.43% | 183.57% | 244.53% | 142.4% | 106.45% | 19.21% | 21.66% |
| EBITDA | 97.19M | -23.69M | -79.84M | 233M | 645M | 1.47B | 2.73B | 3.25B | 3.77B |
| EBITDA Margin % | 7.99% | -1.65% | -3.48% | 5.86% | 9.12% | 13.65% | 18.08% | 15.63% | 13.06% |
| EBITDA Growth % | -53.73% | -124.37% | -237.02% | 391.83% | 176.82% | 128.22% | 85.53% | 18.93% | 16.13% |
| D&A (Non-Cash Add-back) | 40.92M | 45.79M | 73.32M | 105M | 204M | 403M | 524M | 617M | 571M |
| EBIT | 80.54M | -9.2M | -41.37M | 188M | 470M | 915M | 1.73B | 2.6B | 2.99B |
| Net Interest Income | 19.43M | -14.21M | 47.65M | -3.92M | -90.74M | -7M | -41M | -5M | -10M |
| Interest Income | 45.9M | 42.04M | 113.52M | 102.77M | 137.96M | 265M | 135M | 148M | 138M |
| Interest Expense | 26.47M | 56.25M | 65.88M | 106.69M | 228.7M | 272M | 176M | 153M | 148M |
| Other Income/Expense | -2.2M | 4.03M | 45.91M | -47M | -209M | -289M | -651M | -199M | -359M |
| Pretax Income | 54.07M▲ 0% | -65.45M▼ 221.1% | -107.25M▼ 63.9% | 81M▲ 175.5% | 232M▲ 186.4% | 780M▲ 236.2% | 1.56B▲ 99.5% | 2.43B▲ 56.3% | 2.84B▲ 16.9% |
| Pretax Margin % | 4.44% | -4.55% | -4.67% | 2.04% | 3.28% | 7.24% | 10.3% | 11.71% | 9.84% |
| Income Tax | 40.29M | -28.87M | 64.75M | 82M | 149M | 298M | 569M | 521M | 845M |
| Effective Tax Rate % | 74.51% | 44.1% | -60.38% | 101.23% | 64.22% | 38.21% | 36.57% | 21.42% | 29.73% |
| Net Income | 13.78M▲ 0% | -36.59M▼ 365.5% | -172M▼ 370.1% | -1M▲ 99.4% | 83M▲ 8400.0% | 482M▲ 480.7% | 987M▲ 104.8% | 1.91B▲ 93.6% | 2B▲ 4.5% |
| Net Margin % | 1.13% | -2.54% | -7.49% | -0.03% | 1.17% | 4.47% | 6.53% | 9.2% | 6.91% |
| Net Income Growth % | -89.89% | -365.49% | -370.14% | 99.42% | 8400% | 480.72% | 104.77% | 93.62% | 4.5% |
| Net Income (Continuing) | 13.78M | -36.59M | -172M | -1M | 83M | 482M | 987M | 1.91B | 2B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.31▲ 0% | -0.82▼ 364.5% | -3.53▼ 330.5% | -0.01▲ 99.6% | 1.67▲ 11860.6% | 9.53▲ 470.7% | 19.46▲ 104.2% | 37.69▲ 93.7% | 39.39▲ 4.5% |
| EPS Growth % | -89.97% | -364.52% | -330.49% | 99.6% | 11860.56% | 470.66% | 104.2% | 93.68% | 4.51% |
| EPS (Basic) | 0.31 | -0.82 | -3.53 | -0.01 | 1.67 | 9.57 | 19.64 | 37.69 | 39.39 |
| Diluted Shares Outstanding | 44.16M | 44.53M | 48.69M | 49.74M | 49.8M | 51.34M | 51.01M | 50.7M | 50.7M |
| Basic Shares Outstanding | 44.16M | 44.53M | 48.69M | 49.74M | 49.8M | 50.35M | 50.26M | 50.7M | 50.7M |
| Dividend Payout Ratio | 192.28% | - | - | - | - | - | - | - | - |
MELI Balance Sheet
MercadoLibre, Inc. (MELI) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 1.29B | 1.51B | 3.79B | 5.35B | 8.18B | 10.95B | 14.26B | 20.14B | 33.57B |
| Cash & Short-Term Investments | 597.69M | 901.87M | 2.98B | 2.46B | 2.79B | 3.03B | 3.75B | 3.75B | 6.3B |
| Cash Only | 388.26M | 440.33M | 1.38B | 1.86B | 2.58B | 1.91B | 2.56B | 2.63B | 3.67B |
| Short-Term Investments | 209.43M | 461.54M | 1.6B | 604.36M | 208M | 1.12B | 1.2B | 1.11B | 2.63B |
| Accounts Receivable | 673.43M | 542.5M | 672.8M | 1.38B | 3.34B | 4.97B | 6.56B | 10.47B | 7.26B |
| Days Sales Outstanding | 202.05 | 137.54 | 106.94 | 126.58 | 172.35 | 168.45 | 158.42 | 184.02 | 91.74 |
| Inventory | 2.55M | 4.61M | 8.63M | 118.14M | 253M | 152M | 238M | 296M | 570M |
| Days Inventory Outstanding | 1.87 | 2.27 | 2.64 | 19.04 | 22.72 | 9.94 | 11.56 | 9.65 | 12.97 |
| Other Current Assets | 7.38M | 34.66M | 80.14M | 1.3B | 1.7B | 2.7B | 3.63B | 5.52B | 19.44B |
| Total Non-Current Assets | 386.27M | 728.4M | 992.84M | 1.18B | 1.93B | 2.78B | 3.35B | 5.05B | 9.09B |
| Property, Plant & Equipment | 114.84M | 165.61M | 444.71M | 694.9M | 1.27B | 1.65B | 2.15B | 2.48B | 4.5B |
| Fixed Asset Turnover | 10.59x | 8.69x | 5.16x | 5.72x | 5.57x | 6.54x | 7.03x | 8.38x | 6.41x |
| Goodwill | 92.28M | 88.88M | 87.61M | 85.21M | 148M | 153M | 163M | 149M | 163M |
| Intangible Assets | 23.17M | 18.58M | 14.28M | 14.15M | 45M | 25M | 35M | 61M | 33M |
| Long-Term Investments | 34.72M | 276.14M | 263.98M | 166.11M | 76M | 301M | 139M | 1.19B | 1.76B |
| Other Non-Current Assets | 63.93M | 37.74M | 64.68M | 84.23M | 208M | 309M | 156M | 373M | 2.63B |
| Total Assets | 1.67B▲ 0% | 2.24B▲ 33.8% | 4.78B▲ 113.5% | 6.53B▲ 36.5% | 10.1B▲ 54.8% | 13.74B▲ 36.0% | 17.61B▲ 28.2% | 25.2B▲ 43.1% | 42.67B▲ 69.3% |
| Asset Turnover | 0.73x | 0.64x | 0.48x | 0.61x | 0.70x | 0.78x | 0.86x | 0.82x | 0.68x |
| Asset Growth % | 22.36% | 33.85% | 113.51% | 36.49% | 54.77% | 35.99% | 28.22% | 43.06% | 69.34% |
| Total Current Liabilities | 968.03M | 1.17B | 1.75B | 3.64B | 5.84B | 8.56B | 11.26B | 16.6B | 28.63B |
| Accounts Payable | 199.5M | 243.31M | 331.14M | 728.06M | 1.04B | 1.39B | 2.12B | 3.2B | 8.09B |
| Days Payables Outstanding | 146.53 | 119.58 | 101.21 | 117.32 | 93.05 | 91.09 | 102.79 | 104.16 | 184.06 |
| Short-Term Debt | 56.33M | 131.49M | 184.13M | 541M | 1.27B | 2.12B | 2.26B | 2.79B | 4.62B |
| Deferred Revenue (Current) | 0 | 26.38M | 107.26M | 86.61M | 67M | 81M | 66M | 106M | 0 |
| Other Current Liabilities | 7.55M | 13.84M | 12.78M | 31.65M | -18.43M | 63M | 53M | 103M | 14.58B |
| Current Ratio | 1.33x | 1.30x | 2.16x | 1.47x | 1.40x | 1.28x | 1.27x | 1.21x | 1.17x |
| Quick Ratio | 1.33x | 1.29x | 2.16x | 1.44x | 1.36x | 1.26x | 1.24x | 1.20x | 1.15x |
| Cash Conversion Cycle | 57.39 | 20.23 | 8.37 | 28.29 | 102.03 | 87.3 | 67.19 | 89.51 | -79.34 |
| Total Non-Current Liabilities | 379.38M | 736.6M | 947.41M | 1.24B | 2.73B | 3.35B | 3.28B | 4.24B | 7.29B |
| Long-Term Debt | 312.09M | 596.57M | 623.99M | 844.62M | 2.2B | 2.59B | 2.11B | 2.81B | 4.57B |
| Capital Lease Obligations | 0 | 5.66M | 184.04M | 259.86M | 408M | 551M | 768M | 975M | 1.77B |
| Deferred Tax Liabilities | 23.82M | 91.7M | 99.95M | 64.35M | 62M | 106M | 183M | 204M | 0 |
| Other Non-Current Liabilities | 43.47M | 42.67M | 39.43M | 65.36M | 55M | 87M | 211M | 248M | 947M |
| Total Liabilities | 1.35B | 1.9B | 2.7B | 4.87B | 8.57B | 11.91B | 14.54B | 20.84B | 35.92B |
| Total Debt | 368.41M | 735.18M | 1.02B | 1.71B | 3.98B | 5.41B | 5.33B | 6.85B | 11.39B |
| Net Debt | -19.85M | 294.85M | -367.32M | -148.28M | 1.4B | 3.5B | 2.78B | 4.21B | 7.72B |
| Debt / Equity | 1.13x | 2.18x | 0.49x | 1.03x | 2.60x | 2.96x | 1.74x | 1.57x | 1.69x |
| Debt / EBITDA | 3.79x | - | - | 7.33x | 6.17x | 3.68x | 1.95x | 2.11x | 3.02x |
| Net Debt / EBITDA | -0.20x | - | - | -0.64x | 2.17x | 2.38x | 1.02x | 1.30x | 2.05x |
| Interest Coverage | 3.04x | -0.16x | -0.63x | 1.76x | 2.06x | 3.36x | 9.81x | 16.97x | 20.20x |
| Total Equity | 325.78M▲ 0% | 336.7M▲ 3.4% | 2.08B▲ 518.3% | 1.65B▼ 20.7% | 1.53B▼ 7.3% | 1.83B▲ 19.3% | 3.07B▲ 68.1% | 4.35B▲ 41.7% | 6.75B▲ 55.1% |
| Equity Growth % | -24.04% | 3.35% | 518.34% | -20.67% | -7.3% | 19.33% | 68.09% | 41.68% | 55.09% |
| Book Value per Share | 7.38 | 7.56 | 42.76 | 33.20 | 30.74 | 35.59 | 60.21 | 85.82 | 133.10 |
| Total Shareholders' Equity | 325.78M | 336.7M | 2.08B | 1.65B | 1.53B | 1.83B | 3.07B | 4.35B | 6.75B |
| Common Stock | 44K | 45K | 50K | 50K | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 537.92M | 503.43M | 322.59M | 314.12M | 397M | 913M | 1.9B | 3.81B | 5.81B |
| Treasury Stock | 0 | 0 | -720K | -54.8M | -790M | -931M | -310M | -311M | -312M |
| Accumulated OCI | -282.85M | -391.58M | -406.67M | -468.28M | -515M | -464M | -290M | -920M | -520M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
MELI Cash Flow Statement
MercadoLibre, Inc. (MELI) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 269.01M | 230.91M | 451.09M | 1.18B | 965.04M | 2.94B | 5.14B | 7.92B | 12.12B |
| Operating CF Margin % | 22.11% | 16.04% | 19.64% | 29.76% | 13.65% | 27.27% | 34.02% | 38.11% | 41.93% |
| Operating CF Growth % | 41.39% | -14.16% | 95.36% | 162.15% | -18.39% | 204.65% | 74.83% | 54.05% | 53.02% |
| Net Income | 13.78M | -36.59M | -172M | -707K | 83.3M | 482M | 987M | 1.91B | 2B |
| Depreciation & Amortization | 40.92M | 45.79M | 73.32M | 104.99M | 203.94M | 403M | 524M | 617M | 818M |
| Stock-Based Compensation | 35.72M | 27.52M | 52.06M | 131M | 89M | 84M | 167M | 261M | 0 |
| Deferred Taxes | -24.57M | -92.58M | 16.45M | -70.31M | -29.48M | -97M | 40M | -243M | 0 |
| Other Non-Cash Items | 130.27M | 21.46M | 126.34M | 244.75M | 618.59M | 1.66B | 1.63B | 2.18B | 4.87B |
| Working Capital Changes | 72.89M | 265.3M | 354.92M | 772.83M | -312K | 411M | 1.79B | 3.19B | 4.44B |
| Change in Receivables | -21.82M | -27.11M | -507K | -509.91M | -1.09B | -1.16B | -1.41B | -157M | -1.51B |
| Change in Inventory | -1.55M | -3.02M | -4.15M | -106.98M | -142.38M | 114M | -69M | -113M | -235M |
| Change in Payables | 150.22M | 90.12M | 143.5M | 584.28M | 379.77M | 449M | 1.23B | 1.59B | 0 |
| Cash from Investing | -22.64M | -672.46M | -1.45B | -252.18M | -1.6B | -3.87B | -3.45B | -8.29B | -6.18B |
| Capital Expenditures | -74.88M | -97.75M | -136.87M | -247.14M | -609.5M | -455M | -509M | -860M | -1.34B |
| CapEx % of Revenue | 6.16% | 6.79% | 5.96% | 6.22% | 8.62% | 4.22% | 3.37% | 4.14% | 4.65% |
| Acquisitions | -35.8M | -4.2M | -72K | -6.94M | -55.73M | 0 | 0 | -6M | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | -72.24M | -57.23M | -173.78M | -344.33M | -1.35B | -1.7B | -2.1B | -4.67B | -4.84B |
| Cash from Financing | -50.9M | 608.88M | 2.02B | 242.27M | 1.93B | 916M | -267M | 1.96B | 2.9B |
| Debt Issued (Net) | 42.9M | 644.61M | 155.04M | 606M | 598M | 1.06B | 89M | 1.96B | 2.9B |
| Equity Issued (Net) | -67.31M | -12.84M | -720K | -54M | 1.03B | -148M | -356M | -1M | -1M |
| Dividends Paid | -26.5M | -6.62M | -2.84M | -3.36M | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -67.31M | -148.94M | -720K | -54.09M | -486M | -148M | -356M | -1M | -1M |
| Other Financing | 0 | -16.26M | 1.87B | -306.38M | 293M | 0 | 0 | 0 | 0 |
| Net Change in Cash | 154.12M▲ 0% | 76.44M▼ 50.4% | 986.73M▲ 1190.9% | 1.06B▲ 7.1% | 1.14B▲ 7.8% | -285M▼ 125.0% | 485M▲ 270.2% | 851M▲ 75.5% | 8.84B▲ 938.5% |
| Free Cash Flow | 194.13M▲ 0% | 133.15M▼ 31.4% | 314.22M▲ 136.0% | 935.41M▲ 197.7% | 355.55M▼ 62.0% | 2.48B▲ 598.9% | 4.63B▲ 86.4% | 7.06B▲ 52.4% | 10.77B▲ 52.6% |
| FCF Margin % | 15.96% | 9.25% | 13.68% | 23.54% | 5.03% | 23.05% | 30.65% | 33.97% | 37.29% |
| FCF Growth % | 71.96% | -31.41% | 135.98% | 197.69% | -61.99% | 598.92% | 86.36% | 52.41% | 52.64% |
| FCF per Share | 4.40 | 2.99 | 6.45 | 18.81 | 7.14 | 48.41 | 90.79 | 139.22 | 212.50 |
| FCF Conversion (FCF/Net Income) | 19.52x | -6.31x | -2.62x | -1182.55x | 11.63x | 6.10x | 5.21x | 4.14x | 6.07x |
| Interest Paid | 7.73M | 19.51M | 40.52M | 54M | 58M | 247M | 608M | 0 | 0 |
| Taxes Paid | 110.91M | 99.49M | 94.95M | 140M | 282M | 437M | 651M | 0 | 0 |
MELI Key Ratios
MercadoLibre, Inc. (MELI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 35.5% | 3.65% | -11.04% | -14.22% | -0.05% | 5.22% | 28.71% | 40.3% | 51.5% | 35.99% |
| Return on Invested Capital (ROIC) | 27.66% | 10.35% | -11.12% | -9.79% | 5.97% | 14.93% | 19.42% | 29.61% | 27.38% | 20.84% |
| Gross Margin | 63.58% | 59.15% | 48.41% | 48% | 43% | 42.51% | 48.22% | 50.24% | 46.09% | 44.5% |
| Net Margin | 16.15% | 1.13% | -2.54% | -7.49% | -0.03% | 1.17% | 4.47% | 6.53% | 9.2% | 6.91% |
| Debt / Equity | 0.73x | 1.13x | 2.18x | 0.49x | 1.03x | 2.60x | 2.96x | 1.74x | 1.57x | 1.69x |
| Interest Coverage | 8.58x | 3.04x | -0.16x | -0.63x | 1.76x | 2.06x | 3.36x | 9.81x | 16.97x | 20.20x |
| FCF Conversion | 1.40x | 19.52x | -6.31x | -2.62x | -1182.55x | 11.63x | 6.10x | 5.21x | 4.14x | 6.07x |
| Revenue Growth | 29.55% | 44.07% | 18.34% | 59.5% | 73.06% | 77.88% | 52.5% | 40.14% | 37.53% | 39.06% |
MELI SEC Filings & Documents
MercadoLibre, Inc. (MELI) SEC filings — annual & quarterly reports (10-K, 10-Q)
MELI Frequently Asked Questions
MercadoLibre, Inc. (MELI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
MercadoLibre, Inc. (MELI) reported $28.89B in revenue for fiscal year 2025. This represents a 1699488% increase from $1.7M in 2002.
MercadoLibre, Inc. (MELI) grew revenue by 39.1% over the past year. This is strong growth.
Yes, MercadoLibre, Inc. (MELI) is profitable, generating $2.00B in net income for fiscal year 2025 (6.9% net margin).
Dividend & Returns
MercadoLibre, Inc. (MELI) has a return on equity (ROE) of 36.0%. This is excellent, indicating efficient use of shareholder capital.
MercadoLibre, Inc. (MELI) generated $10.10B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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MercadoLibre, Inc. (MELI) financial analysis — history, returns, DCA and operating performance tools
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