MercadoLibre, Inc. (MELI) quarterly cash flow statement — complete operating, investing & financing history
MercadoLibre, Inc. (MELI) cash flow statement — 23-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 3.66B | 1.55B | 5.21B | 2.74B | 2.45B | 944M | 2.92B | 1.6B | 1.88B | 1.22B | 1.93B | 941M | 1.41B | 859M | 1.54B | 724M | 907M | -233M | 700.7M | 265M |
| Operating CF Margin % | 36.01% | 17.55% | 59.47% | 36.99% | 36.01% | 15.91% | 48.26% | 30.12% | 37.1% | 28.16% | 45.25% | 23.96% | 39.39% | 26.96% | 51.37% | 26.91% | 34.92% | -10.36% | 32.88% | 14.26% |
| Operating CF Growth % | 49.77% | 64.41% | 78.15% | 71.29% | 29.92% | -22.62% | 51.66% | 70.03% | 33.29% | 42.03% | 25.03% | 29.97% | 55.68% | 468.67% | 120.07% | 173.21% | 243.56% | 11.41% | 173.12% | -26.66% |
| Net Income | 466M | 417M | 559M | 421M | 523M | 494M | 639M | 397M | 531M | 344M | 165M | 359M | 262M | 201M | 165M | 129M | 123M | 65M | -46.1M | 95.22M |
| Depreciation & Amortization | 292M | 246M | 238M | 220M | 188M | 172M | 152M | 157M | 154M | 154M | 15M | 135M | 128M | 126M | 122M | 97M | 100M | 84M | 67.18M | 52.24M |
| Stock-Based Compensation | 69M | 96M | 51M | 64M | 96M | 92M | 51M | 83M | 59M | 68M | 167M | -83M | 36M | 47M | 25M | 24M | 5M | 30M | 4.94M | 33M |
| Deferred Taxes | -345M | -261M | -159M | -162.27M | -87.73M | -60M | -69.42M | 32.3M | -120.53M | -65M | -126.7M | -108M | 16M | 8M | -1M | -19.94M | -43M | -24M | -47.86M | 1.97M |
| Other Non-Cash Items | 523M | 1.2B | 1.14B | 98.15M | 736.53M | 702M | 1.27B | 1.64B | 849.45M | 418M | 1.25B | 563M | 479M | 412M | 401M | 378.94M | 502M | 366M | 208.69M | 126.92M |
| Working Capital Changes | 2.66B | -143M | 3.38B | 2.1B | 989.36M | -456M | 882.85M | -710.08M | 409.08M | 301M | 453.39M | 75M | 491M | 65M | 830M | 115M | 220M | -754M | 513.85M | -44.27M |
| Change in Receivables | -648M | -887M | -405M | 35.07M | -942.97M | -71M | -1.07B | 904.58M | -573.58M | -425M | -638.7M | -8M | -26M | -12M | -44M | 5M | 39M | -71M | -19.13M | 22.8M |
| Change in Inventory | -138M | -88M | -48M | -70.03M | -49.93M | -46M | -2.6M | -66.29M | -54.71M | 11M | 18.55M | -19M | -27M | -39M | 12M | 21M | 43M | 38M | -28.69M | -66.57M |
| Change in Payables | 698M | 340M | 769M | 231.43M | 596.78M | -191M | 583.31M | -470.15M | 389.15M | 81M | 361.16M | 297M | 201M | 107M | 299M | 118M | 180M | -148M | 252.72M | 116.68M |
| Cash from Investing | -2.69B | -1.47B | -2B | -765.77M | -1.1B | -1.84B | -2.13B | -2.61B | -2.08B | -1.47B | -914M | -1.33B | -668M | -538M | -646M | -664M | -1.34B | -1.22B | -709.12M | -631M |
| Capital Expenditures | -441M | -271M | -427M | 264.24M | -264.24M | -272M | -309M | -186.76M | -174.5M | -148M | -90.79M | -126M | -114M | -89M | -112M | -106M | -100M | -137M | -155.64M | -171.53M |
| CapEx % of Revenue | 4.34% | 3.06% | 4.88% | 3.57% | 3.89% | 4.58% | 5.1% | 3.52% | 3.44% | 3.42% | 2.13% | 3.21% | 3.18% | 2.79% | 3.73% | 3.94% | 3.85% | 6.09% | 7.3% | 9.23% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | -6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -50.62M | -5.11M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -2.17B | -1.99B | -2B | -2.05B | -1.51B | -1.23B | -778.87M | -1.36B | -1.09B | -951M | -790.66M | -599M | -445M | -421M | -231M | -300M | -563M | -607M | -636.01M | -378.34M |
| Cash from Financing | 630M | 996M | 1.38B | -81.47M | 880.22M | 552M | 757M | 726M | 476M | 292M | 73M | 132M | -360M | -112M | -12M | 342M | 434M | 152M | 2.26B | 422M |
| Debt Issued (Net) | 663M | 996M | 1.38B | 317.52M | 613M | 552M | 757M | 726M | 734.75M | 292M | 73M | 281M | -214M | -51M | 21M | 383M | 469M | 191M | 785M | 425M |
| Equity Issued (Net) | -1M | 0 | 0 | -887.48K | 0 | 0 | 1.32K | 53.8K | -1M | 0 | 32.65M | -149M | -146M | -61M | -33M | -41M | -35M | -39M | -46M | -298M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -1M | 0 | 0 | -887.48K | 0 | 0 | 1.32K | 53.8K | -1M | 0 | 32.65M | -149M | -146M | -61M | -33M | -41M | -35M | -39M | -46M | -298M |
| Other Financing | -32M | 0 | 0 | -398.1M | 267.22M | 0 | -1.32K | -53.8K | -257.75M | 0 | -32.65M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.52B | 295M |
| Net Change in Cash | 1.62B | 1.15B | 4.34B | 3.16B | 2.92B | -201M | 1.22B | -345M | 5M | -30M | 592M | -568M | 300M | 161M | 835M | 275M | -161M | -1.23B | 2.23B | -8M |
| Free Cash Flow | 3.93B | 1.28B | 4.78B | 2.46B | 2.18B | 672M | 2.62B | 1.38B | 1.7B | 1.07B | 1.75B | 815M | 1.3B | 770M | 1.43B | 618M | 807M | -370M | 545.06M | 93.77M |
| FCF Margin % | 38.68% | 14.48% | 54.6% | 33.26% | 32.12% | 11.32% | 43.23% | 25.92% | 33.47% | 24.79% | 41.02% | 20.75% | 36.21% | 24.17% | 47.63% | 22.97% | 31.07% | -16.46% | 25.58% | 5.05% |
| FCF Growth % | 80.34% | 90.63% | 82.59% | 78.94% | 28.44% | -37.43% | 49.83% | 68.96% | 30.82% | 39.48% | 22.24% | 31.88% | 60.84% | 308.11% | 162.36% | 559.05% | 607.89% | 3.51% | 221.94% | -68.36% |
| FCF per Share | 77.58 | 25.27 | 94.32 | 48.60 | 43.02 | 13.26 | 51.66 | 27.16 | 33.49 | 21.18 | 34.48 | 16.23 | 25.37 | 15.03 | 27.89 | 12.04 | 16.02 | -7.34 | 10.94 | 1.89 |
| FCF Conversion (FCF/Net Income) | 7.86x | 3.72x | 9.32x | 6.51x | 4.68x | 1.91x | 4.58x | 4.03x | 3.54x | 3.55x | 11.68x | 2.62x | 5.39x | 4.27x | 9.35x | 5.61x | 7.37x | -3.58x | -15.20x | 2.79x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |