MercadoLibre, Inc. (MELI) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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MELI Revenue Growth
Revenue Breakdown (FY 2025)
MELI's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
MELI Revenue Analysis (2014–2025)
As of May 6, 2026, MercadoLibre, Inc. (MELI) generated trailing twelve-month (TTM) revenue of $28.89 billion, reflecting explosive growth of +44.6% year-over-year. The most recent quarter (Q4 2025) recorded $8.76 billion in revenue, up 18.2% sequentially.
Looking at the longer-term picture, MELI's 5-year compound annual growth rate (CAGR) stands at +48.7%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $28.89 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows MELI's business is primarily driven by Service (88%), and Product (12%). With over half of revenue concentrated in Service, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including AMZN (+14.2% YoY), BABA (+5.2% YoY), and SE (+35.8% YoY), MELI has outperformed the peer group in terms of revenue growth. Compare MELI vs AMZN →
MELI Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MELICurrent | $28.9B | +44.6% | +48.7% | 11.1% | |
 AMZN | $716.9B | +14.2% | +13.2% | 11.2% | |
 BABA | $996.3B | +5.2% | +14.3% | 14.1% | |
 SE | $16.8B | +35.8% | +50.5% | 3.9% | |
 GRAB | $3.4B | +20.5% | +48.4% | 6.0% | |
 CPNG | $34.5B | -7.8% | +23.6% | 1.4% |
MELI Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $28.89B | +39.1% | $12.86B | 44.5% | $3.20B | 11.1% |
| 2024 | $20.78B | +37.5% | $9.58B | 46.1% | $2.63B | 12.7% |
| 2023 | $15.11B | +40.1% | $7.59B | 50.2% | $2.21B | 14.6% |
| 2022 | $10.78B | +52.5% | $5.20B | 48.2% | $1.07B | 9.9% |
| 2021 | $7.07B | +77.9% | $3.00B | 42.5% | $441.0M | 6.2% |
| 2020 | $3.97B | +73.1% | $1.71B | 43.0% | $128.0M | 3.2% |
| 2019 | $2.30B | +59.5% | $1.10B | 48.0% | $-153,161,000 | -6.7% |
| 2018 | $1.44B | +18.3% | $697.0M | 48.4% | $-69,482,000 | -4.8% |
| 2017 | $1.22B | +44.1% | $719.6M | 59.2% | $56.3M | 4.6% |
| 2016 | $844.4M | +29.6% | $536.9M | 63.6% | $181.1M | 21.4% |
Full MELI Stock Analysis
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Start ComparisonMELI — Frequently Asked Questions
Quick answers to the most common questions about buying MELI stock.
Is MELI's revenue growth accelerating or slowing?
MELI revenue is accelerating at +44.6% year-over-year, exceeding the 5-year CAGR of +48.7%. TTM revenue reached $28.9B. Growth momentum has increased versus prior periods.
What is MELI's long-term revenue growth rate?
MercadoLibre, Inc.'s 5-year revenue CAGR of +48.7% reflects the sustained expansion pattern. Current YoY growth of +44.6% is above this long-term average.
How is MELI's revenue distributed by segment?
MELI reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.