MELI · Mercadolibre Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.85B | - | $7.41B | $6.79B | $5.93B | - | $5.31B | $5.07B | $4.33B | - |
| Cost of Revenue | $4.98B | - | $4.20B | $3.70B | $3.16B | - | $2.87B | $2.71B | $2.36B | - |
| Gross Profit | $3.86B | - | $3.21B | $3.09B | $2.77B | - | $2.44B | $2.37B | $2.02B | - |
| R&D | $699.00M | - | $567.00M | $567.00M | $551.00M | - | $504.00M | $460.00M | $686.00M | - |
| SG&A | $326.00M | - | $270.00M | $261.00M | $255.00M | - | $305.00M | $218.00M | $201.00M | - |
| Total Operating Expenses | $3.25B | - | $2.48B | $2.27B | $2.01B | - | $1.88B | $1.64B | $1.72B | - |
| D&A | $246.00M | - | - | - | $172.00M | - | - | - | $154.00M | - |
| Operating Income | $611.00M | - | $724.00M | $825.00M | $763.00M | - | $557.00M | $726.00M | $335.00M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $162.00M | - | $215.00M | $193.00M | $212.00M | - | $123.00M | $137.00M | $65.00M | - |
| Net Income | $417.00M | - | $421.00M | $523.00M | $494.00M | - | $397.00M | $531.00M | $344.00M | - |
| EPS - Basic | $8.23 | - | $8.32 | $10.31 | $9.74 | - | $7.83 | $10.48 | $6.78 | - |
| EPS - Diluted | $8.23 | - | $8.32 | $10.31 | $9.74 | - | $7.83 | $10.48 | $6.78 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.68B | $3.67B | $2.58B | $3.01B | $2.98B | $2.63B | $2.16B | $2.82B | $2.58B | $2.56B |
| Accounts Receivable | $370.00M | $369.00M | $298.00M | $313.00M | $261.00M | $255.00M | $216.00M | $190.00M | $170.00M | $156.00M |
| Inventory | $677.00M | $570.00M | $532.00M | $434.00M | $358.00M | $296.00M | $322.00M | $257.00M | $223.00M | $238.00M |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $37.12B | $33.57B | $28.80B | $26.06B | $21.74B | $20.14B | $17.82B | $16.48B | $15.51B | $14.29B |
| Total Assets | $46.93B | $42.67B | $36.69B | $32.95B | $27.68B | $25.20B | $22.62B | $20.03B | $19.06B | $17.65B |
| Current Liabilities | $31.97B | $28.63B | $24.52B | $21.75B | $18.07B | $16.60B | $14.31B | $12.91B | $12.26B | $11.30B |
| Long-term Debt | $9.93B | $9.19B | $7.84B | $7.30B | $6.43B | $5.71B | $5.35B | $4.64B | $4.47B | $4.50B |
| Total Liabilities | $39.65B | $35.92B | $30.47B | $27.23B | $22.68B | $20.84B | $18.62B | $16.37B | $15.67B | $14.57B |
| Stockholders' Equity | $7.28B | $6.75B | $6.22B | $5.71B | $5.00B | $4.35B | $4.00B | $3.66B | $3.39B | $3.07B |
| Retained Earnings | $6.23B | $5.81B | $5.25B | $4.83B | $4.31B | $3.81B | $3.17B | $2.78B | $2.25B | $1.90B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.08B | - | - | - | $1.03B | - | - | - | $1.51B | - |
| Investing Cash Flow | ($1.47B) | - | - | - | ($1.84B) | - | - | - | ($1.47B) | - |
| Financing Cash Flow | $473.00M | - | - | - | $465.00M | - | - | - | $0 | - |
| CapEx | $271.00M | - | - | - | $148.00M | - | - | - | $146.00M | - |
| Free Cash Flow | $1.80B | - | - | - | $883.00M | - | - | - | $1.37B | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 43.7% | - | 43.3% | 45.6% | 46.7% | - | 45.9% | 46.6% | 46.7% | - |
| Operating margin | 6.9% | - | 9.8% | 12.2% | 12.9% | - | 10.5% | 14.3% | 7.7% | - |
| EBITDA margin | 9.7% | - | - | - | 15.8% | - | - | - | 11.3% | - |
| Net margin | 4.7% | - | 5.7% | 7.7% | 8.3% | - | 7.5% | 10.5% | 7.9% | - |
| Free cash flow margin | 20.4% | - | - | - | 14.9% | - | - | - | 31.5% | - |
| FCF / Net income | 4.33 | - | - | - | 1.79 | - | - | - | 3.97 | - |
| R&D / Revenue | 7.9% | - | 7.7% | 8.4% | 9.3% | - | 9.5% | 9.1% | 15.8% | - |
| SG&A / Revenue | 3.7% | - | 3.6% | 3.8% | 4.3% | - | 5.7% | 4.3% | 4.6% | - |
| Effective tax rate | 28.0% | - | 33.8% | 27.0% | 30.0% | - | 23.7% | 20.5% | 15.9% | - |
| Return on assets | 0.9% | - | 1.1% | 1.6% | 1.8% | - | 1.8% | 2.7% | 1.8% | - |
| Return on equity | 5.7% | - | 6.8% | 9.2% | 9.9% | - | 9.9% | 14.5% | 10.1% | - |
| Return on invested capital | 2.6% | - | 3.4% | 4.6% | 4.7% | - | 4.5% | 7.0% | 3.6% | - |
| Liquidity | ||||||||||
| Current ratio | 1.16 | 1.17 | 1.17 | 1.20 | 1.20 | 1.21 | 1.25 | 1.28 | 1.27 | 1.27 |
| Quick ratio | 1.14 | 1.15 | 1.15 | 1.18 | 1.18 | 1.20 | 1.22 | 1.26 | 1.25 | 1.24 |
| Cash ratio | 0.12 | 0.13 | 0.11 | 0.14 | 0.16 | 0.16 | 0.15 | 0.22 | 0.21 | 0.23 |
| Leverage | ||||||||||
| Debt / Equity | 1.36 | 1.36 | 1.26 | 1.28 | 1.29 | 1.31 | 1.34 | 1.27 | 1.32 | 1.46 |
| Debt / Assets | 0.21 | 0.22 | 0.21 | 0.22 | 0.23 | 0.23 | 0.24 | 0.23 | 0.23 | 0.25 |
| Debt / EBITDA | 11.58 | - | - | - | 6.88 | - | - | - | 9.14 | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 6.45 | 6.32 | 5.90 | 5.77 | 5.53 | 5.79 | 5.65 | 5.48 | 5.62 | 5.75 |
| Liabilities / Assets | 0.84 | 0.84 | 0.83 | 0.83 | 0.82 | 0.83 | 0.82 | 0.82 | 0.82 | 0.83 |
| Efficiency | ||||||||||
| Asset turnover | 0.19 | - | 0.20 | 0.21 | 0.21 | - | 0.23 | 0.25 | 0.23 | - |
| Inventory turnover | 7.36 | - | 7.89 | 8.52 | 8.84 | - | 8.92 | 10.54 | 10.58 | - |
| Days sales outstanding | 15d | - | 15d | 17d | 16d | - | 15d | 14d | 14d | - |
| Days inventory outstanding | 50d | - | 46d | 43d | 41d | - | 41d | 35d | 35d | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 210.1x | - | 280.9x | 253.5x | 200.3x | - | 262.1x | 156.8x | 223.0x | - |
| P / B | 12.0x | - | 19.1x | 23.2x | 19.8x | - | 26.0x | 22.8x | 22.6x | - |
| P / S | 9.9x | - | 16.0x | 19.5x | 16.7x | - | 19.6x | 16.4x | 17.7x | - |
| EV / EBITDA | 109.6x | - | - | - | 109.5x | - | - | - | 160.6x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 49.0% | - | 39.5% | 33.8% | 37.0% | - | 41.3% | 48.6% | 42.7% | - |
| Revenue CAGR (3y) | 42.8% | - | 40.2% | 37.8% | 38.2% | - | 41.9% | 43.9% | 46.5% | - |
| Revenue CAGR (5y) | 45.0% | - | 46.0% | 50.5% | 55.5% | - | 71.8% | 72.2% | 55.7% | - |
| Gross profit growth (YoY) | 39.4% | - | 31.6% | 30.8% | 36.9% | - | 22.3% | 37.5% | 31.8% | - |
| Operating income growth (YoY) | -19.9% | - | 30.0% | 13.6% | 127.8% | - | -18.7% | 30.1% | -1.5% | - |
| Net income growth (YoY) | -15.6% | - | 6.0% | -1.5% | 43.6% | - | 10.6% | 102.7% | 71.1% | - |
| EPS growth (YoY) | -15.5% | - | 6.3% | -1.6% | 43.7% | - | 9.4% | 103.1% | 70.8% | - |
| EPS CAGR (3y) | 27.5% | - | 48.1% | 61.9% | 95.7% | - | 59.8% | 97.0% | - | - |
| EPS CAGR (5y) | - | - | 97.1% | 56.2% | - | - | - | 102.2% | 120.5% | - |
| FCF growth (YoY) | 104.3% | - | - | - | -35.4% | - | - | - | 77.4% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | 66.9% | - |
| Book value growth (YoY) | 45.5% | 55.1% | 55.4% | 56.3% | 47.6% | 41.7% | 46.0% | 62.3% | 66.2% | 68.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$29.78B totalBrazil Segment$15.20B · 51.0%
Mexico Segment$6.47B · 21.7%
Argentina Segment$5.96B · 20.0%
Other Countries Segment$1.25B · 4.2%
Other Countries$891.00M · 3.0%
Product / service
$41.23B totalService$25.29B · 61.3%
Services$6.86B · 16.6%
Product$3.61B · 8.7%
Credit Revenues$3.16B · 7.7%
Product Sales$2.33B · 5.6%
Geographic
$51.00M totalUS$51.00M · 100.0%
Peer comparison
Same SIC group: Services-Business Services, NEC
Comparing MERCADOLIBRE INC against the 5 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months
| Ex-date | Per share |
|---|---|
| Dec 28, 2017 | $0.1500 |
| Sep 28, 2017 | $0.1500 |
| Jun 28, 2017 | $0.1500 |
| Mar 29, 2017 | $0.1500 |
| Dec 28, 2016 | $0.1500 |
| Sep 28, 2016 | $0.1500 |
| Jun 28, 2016 | $0.1500 |
| Mar 29, 2016 | $0.1500 |
| Dec 29, 2015 | $0.1030 |
| Sep 28, 2015 | $0.1030 |
| Jun 26, 2015 | $0.1030 |
| Mar 27, 2015 | $0.1030 |
| Dec 29, 2014 | $0.1660 |
| Sep 26, 2014 | $0.1660 |
| Jun 26, 2014 | $0.1660 |
| Mar 27, 2014 | $0.1660 |
| Dec 27, 2013 | $0.1430 |
| Sep 26, 2013 | $0.1430 |
| Jun 26, 2013 | $0.1430 |
| Mar 26, 2013 | $0.1430 |
| Dec 27, 2012 | $0.1090 |
| Sep 26, 2012 | $0.1090 |
| Jun 27, 2012 | $0.1090 |
| Mar 28, 2012 | $0.1090 |