MercadoLibre Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,997	1,911	987	482	83
Depreciation & Amortization	818	617	524	403	204
Stock-Based Compensation	303	261	167	84	89
Other Adjustments	2,491	1,706	1,415	1,437	555
Change in Receivables	-1,508	-2,687	-1,413	-1,155	-1,089
Changes in Inventories	-235	-113	-69	114	-142
Changes in Accounts Payable	8,420	6,413	3,420	1,621	1,497
Changes in Other Operating Activities	-170	-193	112	-46	-232
Operating Cash Flow	12,116	7,918	5,140	2,940	965
Operating Cash Flow Growth	53.02%	54.05%	74.83%	204.66%	-18.36%
Capital Expenditures	-1,343	-860	-509	-455	-573
Purchases of Intangible Assets	-	-	-	-	-36
Proceeds from Sale of Intangible Assets	75	-	-	-	-
Purchases of Investments	-14,754	-16,710	-18,936	-12,694	-7,371
Proceeds from Sale of Investments	16,590	13,962	18,100	11,023	7,801
Payments for Business Acquisitions	-	-6	-	-	-51
Other Investing Activities	-6,747	-4,673	-2,105	-1,745	-1,367
Investing Cash Flow	-6,179	-8,287	-3,450	-3,871	-1,597
Long-Term Debt Issued	44,050	19,472	24,963	17,017	9,262
Long-Term Debt Repaid	-41,088	-17,461	-24,841	-15,933	-8,650
Net Long-Term Debt Issued (Repaid)	2,962	2,011	122	1,084	612
Issuance of Common Stock	-	-	-	-	1,917
Repurchase of Common Stock	-1	-1	-356	-148	-486
Net Common Stock Issued (Repurchased)	-1	-1	-356	-148	1,431
Other Financing Activities	-57	-51	-33	-20	-118
Financing Cash Flow	2,904	1,959	-267	916	1,925
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-3	-739	-938	-270	-153
Net Cash Flow	8,838	851	485	-285	1,140
Free Cash Flow	10,773	7,058	4,631	2,485	392
Free Cash Flow Growth	52.63%	52.41%	86.36%	533.93%	-58.07%
FCF Margin	37.29%	33.97%	30.65%	23.58%	5.55%
Free Cash Flow Per Share	212.50	139.22	90.79	48.41	7.87
Levered Free Cash Flow	12,449	9,786	4,587	3,203	1,449
Unlevered Free Cash Flow	9,739	7,931	4,876	2,276	922.35

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.