MercadoLibre, Inc. (MELI)

NASDAQ: MELI · Real-Time Price · USD

1,877.95

-7.78 (-0.41%)

At close: Jul 31, 2026, 4:00 PM EDT

1,871.06

-6.89 (-0.37%)

After-hours: Jul 31, 2026, 7:58 PM EDT

MercadoLibre Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	31,803	28,893	20,777	15,107	10,780	7,069
Revenue Growth	42.11%	39.06%	37.53%	40.14%	52.50%	77.88%
Gross Profit	13,949	12,858	9,577	7,590	5,198	3,005
Operating Income	3,049	3,201	2,631	2,207	1,069	441
Net Income	1,920	1,997	1,911	990	482	74
Earnings Per Share	37.89	39.40	37.69	19.46	9.53	1.67
EPS Growth	-6.81%	4.54%	93.68%	104.20%	470.66%	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Commerce Services	13,805	12,750	10,076	6,754	4,764	3,750
Commerce Products Sales	4,054	3,544	2,083	1,447	1,044	885
Fintech Services	7,152	6,678	4,962	4,317	2,888	1,590
Credit	6,724	5,858	3,600	2,546	2,033	809
Fintech Products Sales	68	63	56	43	51	35
Revenue (Total)	31,803	28,893	20,777	15,107	10,780	7,069

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Cash & Investments	5,650	6,299	7,120	6,036	4,249	3,395
Total Debt	12,345	11,392	6,850	5,333	5,414	3,982
Net Cash (Debt)	-6,695	-5,093	270	703	-1,165	-587
Net Cash Growth	-	-	-61.59%	-	-	-
Net Cash Per Share	-132.06	-100.46	5.33	13.78	-22.69	-11.79

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Operating Cash Flow	13,160	12,116	7,918	5,140	2,940	965
Capital Expenditures	-1,342	-1,343	-860	-509	-454	-573
Free Cash Flow	11,818	10,773	7,058	4,631	2,486	392
Free Cash Flow Growth	83.14%	52.63%	52.41%	86.28%	534.18%	-58.07%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Gross Margin	43.86%	44.50%	46.09%	50.24%	48.22%	42.51%
Operating Margin	9.59%	11.08%	12.66%	14.61%	9.92%	6.24%
Pretax Margin	8.54%	9.84%	11.71%	10.28%	7.24%	3.41%
Profit Margin	6.04%	6.91%	9.20%	6.53%	4.47%	1.17%
FCF Margin	37.16%	37.29%	33.97%	30.65%	23.06%	5.55%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 1, 2026	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
PE Ratio	49.59	51.12	45.12	80.76	88.80	807.43
Forward PE	46.80	40.59	46.01	48.77	54.94	169.46
P/FCF Ratio	8.06	9.48	12.21	17.20	17.11	173.43
PS Ratio	2.99	3.53	4.15	5.27	3.95	9.62