MercadoLibre, Inc. (MELI)

MercadoLibre Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	15,769	14,473	10,537	7,069	3,974	2,296
Revenue Growth (YoY)	37.42%	37.35%	49.06%	77.88%	73.06%	59.50%
Cost of Revenue	8,075	7,267	5,374	4,064	2,265	1,194
Gross Profit	7,694	7,206	5,163	3,005	1,709	1,102
Selling, General & Admin	2,603	2,502	1,957	1,539	1,095	1,031
Research & Development	1,908	1,831	1,099	590	353	223.81
Other Operating Expenses	1,172	1,050	1,073	435	133	0
Operating Expenses	5,683	5,383	4,129	2,564	1,581	1,255
Operating Income	2,011	1,823	1,034	441	128	-153.16
Interest Expense / Income	322	378	321	229	107	65.88
Other Expense / Income	-25	-111	-67	-20	-60	-111.79
Pretax Income	1,714	1,556	780	232	81	-107.25
Income Tax	584	569	298	149	82	64.75
Net Income	1,130	987	482	83	-1	-172
Net Income Growth	82.85%	104.77%	480.72%	-	-	-
Shares Outstanding (Basic)	51	50	50	50	50	49
Shares Outstanding (Diluted)	51	51	51	50	50	49
Shares Change	-1.05%	-0.64%	3.08%	0.13%	2.15%	9.35%
EPS (Basic)	22.42	19.64	9.57	1.67	-0.08	-3.71
EPS (Diluted)	22.20	19.46	9.53	1.67	-0.08	-3.71
EPS Growth	81.97%	104.20%	470.66%	-	-	-
Free Cash Flow	5,227	4,631	2,486	392	935	314.29
Free Cash Flow Per Share	103.10	92.14	49.38	7.87	18.80	6.46
Gross Margin	48.79%	49.79%	49.00%	42.51%	43.00%	48.00%
Operating Margin	12.75%	12.60%	9.81%	6.24%	3.22%	-6.67%
Profit Margin	7.17%	6.82%	4.57%	1.17%	-0.03%	-7.49%
Free Cash Flow Margin	33.15%	32.00%	23.59%	5.55%	23.53%	13.69%
Effective Tax Rate	34.07%	36.57%	38.21%	64.22%	101.23%	-
EBITDA	2,588	2,458	1,504	665	293	31.95
EBITDA Margin	16.41%	16.98%	14.27%	9.41%	7.37%	1.39%
Depreciation & Amortization	552	524	403	204	105	73.32
EBIT	2,036	1,934	1,101	461	188	-41.37
EBIT Margin	12.91%	13.36%	10.45%	6.52%	4.73%	-1.80%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).