MELI

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MercadoLibre, Inc.

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Key Metrics

Previous Close: $1,908.65
52-Week Range: $1,495.00 – $2,548.50
Market Cap: $97.44B
P/E (TTM): 52.17
EPS (TTM): 36.84
Dividend Yield: —

Advanced Metrics

Price/Book: 12.44
PEG Ratio: 1.36
Return on Equity: 27.50%
Return on Assets: 4.31%
Gross Margin: 47.75%
Operating Margin: 6.72%
Profit Margin: 5.30%
Current Ratio: 1.12
Debt/Equity: 1.69
Total Debt: $13.21B
Free Cash Flow: $353.38M
Revenue Growth: 49.80%
Earnings Growth: -10.90%
Enterprise Value: $104.22B

MELI Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$10.78B	$15.11B	$20.78B	$28.89B
Cost of Revenue	$5.58B	$7.52B	$11.20B	$16.04B
Gross Profit	$5.20B	$7.59B	$9.58B	$12.86B
Research & Development	$1.10B	$1.83B	$1.93B	$2.27B
Selling, General & Admin	$1.96B	$2.50B	$3.15B	$4.30B
Operating Expenses	$4.13B	$5.38B	$6.95B	$9.66B
Operating Income	$1.07B	$2.21B	$2.63B	$3.20B
EBITDA	$1.32B	$2.25B	$3.21B	$3.82B
Pretax Income	$780.00M	$1.55B	$2.43B	$2.84B
Income Tax	$298.00M	$569.00M	$521.00M	$845.00M
Net Income	$482.00M	$987.00M	$1.91B	$2.00B
Diluted EPS	9.53	19.46	37.69	39.40
Diluted Shares	51.34M	51.01M	50.70M	50.70M

MELI Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$1.91B	$2.56B	$2.63B	$3.67B
Receivables	$4.97B	$6.56B	$10.47B	$16.59B
Inventory	$152.00M	$238.00M	$296.00M	$570.00M
Current Assets	$10.95B	$14.26B	$20.14B	$33.57B
Total Assets	$13.74B	$17.61B	$25.20B	$42.67B
Current Liabilities	$8.56B	$11.26B	$16.60B	$28.63B
Long-Term Debt	$2.59B	$2.11B	$2.81B	$4.49B
Total Debt	$5.41B	$5.33B	$6.85B	$11.39B
Total Liabilities	$11.91B	$14.54B	$20.84B	$35.92B
Retained Earnings	$913.00M	$1.90B	$3.81B	$5.81B
Shareholders' Equity	$1.83B	$3.07B	$4.35B	$6.75B
Working Capital	$2.39B	$3.00B	$3.54B	$4.94B
Net Debt	$2.80B	$1.81B	$2.96B	$5.39B

MELI Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$2.94B	$5.14B	$7.92B	$12.12B
Capital Expenditure	-$455.00M	-$509.00M	-$860.00M	-$1.34B
Free Cash Flow	$2.48B	$4.63B	$7.06B	$10.77B
Depreciation & Amortisation	$403.00M	$524.00M	$617.00M	$818.00M
Stock-Based Compensation	$1.00M	$167.00M	—	—
Investing Cash Flow	-$3.87B	-$3.45B	-$8.29B	-$6.18B
Financing Cash Flow	$916.00M	-$267.00M	$1.96B	$2.90B
Dividends Paid	$0.00	—	—	—
Share Repurchases	-$148.00M	-$356.00M	-$1.00M	-$1.00M
Net Change in Cash	-$15.00M	$1.42B	$1.59B	$8.84B

MELI Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$5.93B	$6.79B	$7.41B	$8.76B	$8.85B
Cost of Revenue	$3.16B	$3.70B	$4.20B	$4.97B	$4.98B
Gross Profit	$2.77B	$3.09B	$3.21B	$3.78B	$3.86B
Research & Development	$551.00M	$567.00M	$567.00M	$584.00M	$699.00M
Selling, General & Admin	$854.00M	$1.01B	$1.10B	$1.33B	$1.31B
Operating Expenses	$2.01B	$2.27B	$2.48B	$2.90B	$3.25B
Operating Income	$763.00M	$825.00M	$724.00M	$889.00M	$611.00M
EBITDA	$917.00M	$951.00M	$880.00M	$1.07B	$890.00M
Pretax Income	$706.00M	$716.00M	$636.00M	$784.00M	$579.00M
Income Tax	$212.00M	$193.00M	$215.00M	$225.00M	$162.00M
Net Income	$494.00M	$523.00M	$421.00M	$559.00M	$417.00M
Diluted EPS	9.74	10.31	8.32	11.03	8.23
Diluted Shares	50.70M	50.70M	50.70M	50.70M	50.70M

MELI Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$2.98B	$3.01B	$2.58B	$3.67B	$3.68B
Receivables	$11.29B	$13.47B	$14.76B	$16.59B	$18.51B
Inventory	$358.00M	$434.00M	$532.00M	$570.00M	$677.00M
Current Assets	$21.74B	$26.06B	$28.80B	$33.57B	$37.12B
Total Assets	$27.68B	$32.95B	$36.69B	$42.67B	$46.93B
Current Liabilities	$18.07B	$21.75B	$24.52B	$28.63B	$31.97B
Long-Term Debt	$2.79B	$3.41B	$3.34B	$4.49B	$4.54B
Total Debt	$7.72B	$8.98B	$9.88B	$11.39B	$12.35B
Total Liabilities	$22.68B	$27.23B	$30.47B	$35.92B	$39.65B
Retained Earnings	$4.31B	$4.83B	$5.25B	$5.81B	$6.23B
Shareholders' Equity	$5.00B	$5.71B	$6.22B	$6.75B	$7.28B
Working Capital	$3.67B	$4.31B	$4.27B	$4.94B	$5.15B
Net Debt	$3.34B	$4.18B	$5.15B	$5.39B	$6.13B

MELI Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$1.03B	$2.92B	$2.96B	$5.21B	$2.08B
Capital Expenditure	-$272.00M	-$287.00M	-$357.00M	-$427.00M	-$271.00M
Free Cash Flow	$759.00M	$2.63B	$2.60B	$4.78B	$1.80B
Depreciation & Amortisation	$172.00M	$199.00M	$209.00M	$238.00M	$246.00M
Investing Cash Flow	-$1.84B	-$1.23B	-$1.11B	-$2.00B	-$1.47B
Financing Cash Flow	$465.00M	$613.00M	$444.00M	$1.38B	$473.00M
Share Repurchases	—	—	-$1.00M	$0.00	—
Net Change in Cash	-$346.00M	$2.31B	$2.29B	$4.59B	$1.08B

Market Snapshot

About

MercadoLibre, Inc. is the largest e-commerce and fintech platform in Latin America, often referred to as the Amazon of Latin America. The company operates online marketplaces in 18 countries, connecting millions of buyers and sellers across the region. Through Mercado Pago, its fintech arm, MercadoLibre provides digital payment solutions, merchant services, and financial products. The company also operates Mercado Envios for logistics and shipping services. Founded in Argentina in 1999, MercadoLibre has become a dominant force in Latin American digital commerce.