MercadoLibre, Inc. (ETR: MLB1)

MercadoLibre Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	18,493	14,473	10,537	7,069	3,974	2,296
Revenue Growth (YoY)	34.99%	37.35%	49.06%	77.88%	73.06%	59.50%
Cost of Revenue	8,791	6,059	4,584	3,495	1,940	1,005
Gross Profit	9,702	8,414	5,953	3,574	2,034	1,291
Selling, General & Admin	2,993	2,501	1,945	1,530	1,095	1,031
Research & Development	1,847	1,570	1,099	590	353	223.81
Other Operating Expenses	1,119	1,119	790	569	325	189.31
Operating Expenses	7,589	6,240	4,907	3,124	1,906	1,445
Operating Income	2,113	2,174	1,046	450	128	-153.16
Interest Expense	-340	-359	-321	-161	-107	-65.88
Interest & Investment Income	453	441	111	102	101	113.52
Earnings From Equity Investments	-	3	-	-9	-	-
Currency Exchange Gain (Loss)	-239	-615	-198	-109	-43	-1.73
Other Non Operating Income (Expenses)	-	-	-	-19	-	-
EBT Excluding Unusual Items	1,987	1,644	638	254	79	-107.25
Gain (Loss) on Sale of Investments	282	282	154	36	2	-
Asset Writedown	-	-	-12	-9	-	-
Legal Settlements	-351	-351	-	-	-	-
Other Unusual Items	-19	-19	-	-49	-	-
Pretax Income	1,899	1,556	780	232	81	-107.25
Income Tax Expense	462	569	298	149	82	64.75
Earnings From Continuing Operations	1,437	987	482	83	-1	-172
Net Income	1,437	987	482	83	-1	-172
Preferred Dividends & Other Adjustments	-	-	-	-	3	8.84
Net Income to Common	1,437	987	482	83	-4	-180.84
Net Income Growth	45.59%	104.77%	480.72%	-	-	-
Shares Outstanding (Basic)	51	50	50	50	50	49
Shares Outstanding (Diluted)	51	51	51	50	50	49
Shares Change (YoY)	1.39%	-0.64%	3.08%	0.13%	2.15%	9.35%
EPS (Basic)	28.35	19.64	9.57	1.67	-0.08	-3.71
EPS (Diluted)	28.12	19.47	9.53	1.67	-0.08	-3.71
EPS Growth	43.80%	104.38%	471.57%	-	-	-
Free Cash Flow	6,191	4,631	2,486	392	935	314.29
Free Cash Flow Per Share	120.74	90.79	48.43	7.87	18.80	6.45
Gross Margin	52.46%	58.14%	56.50%	50.56%	51.18%	56.24%
Operating Margin	11.43%	15.02%	9.93%	6.37%	3.22%	-6.67%
Profit Margin	7.77%	6.82%	4.57%	1.17%	-0.10%	-7.88%
Free Cash Flow Margin	33.48%	32.00%	23.59%	5.55%	23.53%	13.69%
EBITDA	2,713	2,698	1,449	654	233	-79.84
EBITDA Margin	14.67%	18.64%	13.75%	9.25%	5.86%	-3.48%
D&A For EBITDA	600	524	403	204	105	73.32
EBIT	2,113	2,174	1,046	450	128	-153.16
EBIT Margin	11.43%	15.02%	9.93%	6.37%	3.22%	-6.67%
Effective Tax Rate	24.33%	36.57%	38.21%	64.22%	101.23%	-
Revenue as Reported	18,493	14,473	10,537	7,069	3,974	2,296
Advertising Expenses	-	787	593	531	356	-

Source: S&P Capital IQ. Standard template. Financial Sources.