MercadoLibre, Inc. (MELI) Quarterly Income Statement

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MercadoLibre, Inc. (MELI) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

MELI Income Statement

MercadoLibre, Inc. (MELI) annual income statement — 23-year revenue, gross profit & net income history

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

Sales/Revenue	10.17B	8.85B	8.76B	7.41B	6.79B	5.93B	6.06B	5.31B	5.07B	4.33B	4.26B	3.93B	3.58B	3.19B	3B	2.69B	2.6B	2.25B	2.13B	1.86B
Revenue Growth %	49.76%	49.03%	44.56%	39.48%	33.85%	36.97%	42.2%	35.27%	41.51%	36%	41.94%	45.99%	38.04%	41.73%	40.89%	44.78%	52.5%	63.13%	60.53%	66.53%
Cost of Goods Sold	6.01B	4.98B	4.97B	4.2B	3.7B	3.16B	3.31B	2.87B	2.71B	2.31B	2.31B	1.83B	1.75B	1.57B	1.54B	1.34B	1.31B	1.18B	1.28B	1.05B
COGS % of Revenue	59.1%	56.34%	56.8%	56.69%	54.43%	53.31%	54.63%	54.09%	53.38%	53.29%	54.12%	46.65%	48.93%	49.34%	51.43%	49.89%	50.56%	52.27%	59.96%	56.57%
Gross Profit	4.16B	3.86B	3.78B	3.21B	3.09B	2.77B	2.75B	2.44B	2.37B	2.02B	1.96B	2.1B	1.83B	1.61B	1.46B	1.35B	1.28B	1.07B	853.16M	807M
Gross Margin %	40.9%	43.66%	43.2%	43.31%	45.57%	46.69%	45.37%	45.91%	46.62%	46.71%	45.88%	53.35%	51.07%	50.66%	48.57%	50.11%	49.44%	47.73%	40.04%	43.43%
Gross Profit Growth %	34.42%	39.37%	37.65%	31.57%	30.82%	36.91%	40.61%	16.42%	29.16%	25.4%	34.09%	55.42%	42.6%	50.42%	70.89%	67.04%	70.29%	81.56%	74.46%	68.06%
Operating Expenses	3.48B	3.25B	2.9B	2.48B	2.27B	2.01B	1.93B	1.88B	1.64B	1.5B	1.72B	1.31B	1.16B	1.2B	1.11B	1.05B	1.03B	934M	829.85M	647M
OpEx % of Revenue	34.18%	36.76%	33.05%	33.54%	33.42%	33.83%	31.84%	35.43%	32.31%	34.53%	40.25%	33.36%	32.41%	37.54%	36.94%	39.11%	39.82%	41.55%	38.95%	34.82%
Selling, General & Admin	1.47B	-656M	1.33B	-563M	1.01B	854M	890M	871M	729M	664M	730M	637M	572M	563M	556M	486M	469M	445M	650.21M	404M
SG&A % of Revenue	14.47%	-7.42%	15.16%	-7.6%	14.9%	14.39%	14.69%	16.4%	14.37%	15.32%	17.13%	16.22%	15.96%	17.67%	18.52%	18.07%	18.06%	19.8%	30.52%	21.74%
Research & Development	729M	699M	584M	567M	567M	551M	512M	504M	460M	458M	686M	396M	368M	381M	325M	278M	262M	234M	179.64M	138M
R&D % of Revenue	7.17%	7.9%	6.67%	7.65%	8.35%	9.28%	8.45%	9.49%	9.07%	10.57%	16.1%	10.08%	10.27%	11.96%	10.83%	10.33%	10.09%	10.41%	8.43%	7.43%
Other Operating Expenses	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	1000K
Operating Income	683M	611M	889M	724M	825M	763M	820M	557M	726M	528M	240M	785M	669M	418M	349M	296M	250M	139M	23.32M	160M
Operating Margin %	6.72%	6.91%	10.15%	9.77%	12.15%	12.86%	13.53%	10.49%	14.31%	12.19%	5.63%	19.99%	18.66%	13.12%	11.63%	11%	9.63%	6.18%	1.09%	8.61%
Operating Income Growth %	-17.21%	-19.92%	8.41%	29.98%	13.64%	44.51%	241.67%	-29.04%	8.52%	26.32%	-31.23%	165.2%	167.6%	200.72%	1396.83%	85%	50.6%	52.75%	192.8%	92.6%
EBITDA	668M	857M	1.13B	933M	1.02B	935M	972M	714M	880M	682M	375M	920M	797M	544M	471M	393M	350M	223M	90.5M	212M
EBITDA Margin %	6.57%	9.69%	12.87%	12.59%	15.08%	15.75%	16.04%	13.44%	17.35%	15.74%	8.8%	23.43%	22.23%	17.07%	15.69%	14.61%	13.48%	9.92%	4.25%	11.41%
EBITDA Growth %	-34.77%	-8.34%	15.95%	30.67%	16.36%	37.1%	159.2%	-22.39%	10.41%	25.37%	-20.38%	134.1%	127.71%	143.95%	420.46%	85.38%	64.32%	72.87%	1117.99%	90.46%
D&A (Non-Cash Add-back)	0	246M	238M	209M	199M	172M	152M	157M	154M	154M	135M	135M	128M	126M	122M	97M	100M	84M	67.18M	52M
EBIT	668M	644M	822M	276M	752M	745M	811M	560M	707M	519M	311M	584M	521M	354M	408M	290M	236M	167M	19.74M	170M
Net Interest Income	-32M	-38M	-30M	14M	8M	-2M	-7M	3M	0	-13M	2M	-15M	-15M	-11M	23M	-27M	-27M	24M	-304K	-9.04M
Interest Income	30M	27M	8M	49M	44M	37M	41M	43M	39M	25M	40M	38M	34M	23M	123M	65M	46M	31M	53.37M	35.35M
Interest Expense	62M	65M	38M	35M	36M	39M	48M	40M	39M	38M	38M	53M	49M	34M	100M	92M	73M	7M	53.68M	44.4M
Other Income/Expense	-77M	-32M	-105M	-483M	-109M	-57M	-57M	-37M	-58M	-47M	-10M	-254M	-197M	-95M	-40M	-98M	-88M	-28M	-65.78M	-34M
Pretax Income	606M	579M	784M	241M	716M	706M	763M	520M	668M	481M	230M	531M	472M	323M	309M	198M	162M	111M	-42.46M	126M
Pretax Margin %	5.96%	6.55%	8.95%	3.25%	10.54%	11.9%	12.59%	9.79%	13.17%	11.1%	5.4%	13.52%	13.17%	10.14%	10.29%	7.36%	6.24%	4.94%	-1.99%	6.78%
Income Tax	140M	162M	225M	-215M	193M	212M	124M	123M	137M	137M	65M	172M	210M	122M	144M	69M	39M	46M	3.64M	31M
Effective Tax Rate %	23.1%	27.98%	28.7%	-89.21%	26.96%	30.03%	16.25%	23.65%	20.51%	28.48%	28.26%	32.39%	44.49%	37.77%	46.6%	34.85%	24.07%	41.44%	-8.58%	24.6%
Net Income	466M	417M	559M	421M	523M	494M	639M	397M	531M	344M	165M	359M	262M	201M	165M	129M	123M	65M	-46.1M	95M
Net Margin %	4.58%	4.71%	6.38%	5.68%	7.7%	8.32%	10.55%	7.47%	10.47%	7.94%	3.87%	9.14%	7.31%	6.31%	5.5%	4.8%	4.74%	2.89%	-2.16%	5.11%
Net Income Growth %	-10.9%	-15.59%	-12.52%	6.05%	-1.51%	43.6%	287.27%	10.59%	102.67%	71.14%	0%	178.29%	113.01%	209.23%	457.89%	35.79%	80.88%	291.18%	8.85%	531.86%
Net Income (Continuing)	466M	417M	559M	456M	523M	494M	639M	397M	531M	344M	165M	359M	262M	201M	165M	129M	123M	65M	-46.1M	95M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	9.19	8.23	11.03	8.30	10.32	9.74	12.60	7.83	10.47	6.79	3.25	7.15	5.12	3.92	3.22	2.51	2.44	1.29	-0.94	1.92
EPS Growth %	-10.95%	-15.5%	-12.46%	6%	-1.43%	43.45%	287.69%	9.51%	104.49%	73.21%	0.93%	184.86%	109.84%	203.88%	442.55%	30.73%	78.1%	289.71%	7.84%	540%
EPS (Basic)	9.19	8.23	11.03	8.30	10.32	9.74	12.61	7.83	10.47	6.79	3.26	7.18	5.22	4.00	3.28	2.56	2.44	1.29	-0.94	1.92
Diluted Shares Outstanding	50.7M	50.7M	50.7M	50.7M	50.7M	50.7M	50.7M	50.7M	50.7M	50.7M	50.7M	50.21M	51.15M	51.24M	51.27M	51.32M	50.36M	50.41M	49.8M	49.6M
Basic Shares Outstanding	50.7M	50.7M	50.7M	50.7M	50.7M	50.7M	50.7M	50.7M	50.7M	50.7M	50.63M	50.01M	50.16M	50.25M	50.28M	50.33M	50.36M	50.41M	49.8M	49.6M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-