MercadoLibre Income 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
Revenue	28,893	20,777	15,107	10,780	7,069
Revenue Growth (YoY)	39.06%	37.53%	40.14%	52.50%	77.88%
Cost of Revenue	14,250	9,833	6,352	4,770	3,495
Gross Profit	14,643	10,944	8,755	6,010	3,574
Selling, General & Admin	4,297	3,154	2,502	1,945	1,530
Research & Development	2,269	1,934	1,831	1,099	590
Other Operating Expenses	1,785	1,367	1,165	812	569
Operating Expenses	11,442	8,313	6,548	4,929	3,124
Operating Income	3,201	2,631	2,207	1,081	450
Interest Expense	-160	-165	-174	-135	-161
Interest & Investment Income	54	80	135	44	102
Earnings From Equity Investments	-	-	3	-	-9
Currency Exchange Gain (Loss)	-337	-182	-615	-198	-109
Other Non Operating Income (Expenses)	-	-	-	-	-19
EBT Excluding Unusual Items	2,758	2,364	1,556	792	254
Gain (Loss) on Sale of Investments	83	57	-	-	36
Asset Writedown	-	-	-	-12	-9
Other Unusual Items	1	11	-	-	-49
Pretax Income	2,842	2,432	1,556	780	232
Income Tax Expense	845	521	569	298	149
Net Income	1,997	1,911	987	482	83
Net Income to Common	1,997	1,911	987	482	83
Net Income Growth	4.50%	93.62%	104.77%	480.72%	-
Shares Outstanding (Basic)	51	51	50	50	50
Shares Outstanding (Diluted)	51	51	51	51	50
Shares Change (YoY)	-	-0.61%	-0.64%	3.08%	0.13%
EPS (Basic)	39.39	37.69	19.64	9.57	1.67
EPS (Diluted)	39.39	37.69	19.46	9.53	1.67
EPS Growth	4.51%	93.68%	104.29%	471.57%	-
Free Cash Flow	10,773	7,058	4,631	2,485	392
Free Cash Flow Per Share	212.50	139.22	90.79	48.41	7.87
Gross Margin	50.68%	52.67%	57.95%	55.75%	50.56%
Operating Margin	11.08%	12.66%	14.61%	10.03%	6.37%
Profit Margin	6.91%	9.20%	6.53%	4.47%	1.17%
Free Cash Flow Margin	37.29%	33.97%	30.65%	23.05%	5.54%
EBITDA	4,019	3,248	2,731	1,484	654
EBITDA Margin	13.91%	15.63%	18.08%	13.77%	9.25%
D&A For EBITDA	818	617	524	403	204
EBIT	3,201	2,631	2,207	1,081	450
EBIT Margin	11.08%	12.66%	14.61%	10.03%	6.37%
Effective Tax Rate	29.73%	21.42%	36.57%	38.20%	64.22%
Revenue as Reported	28,893	20,777	15,107	10,780	7,069
Advertising Expenses	1,690	1,053	787	593	531

Source: S&P Global Market Intelligence. Standard template. Financial Sources.