MercadoLibre, Inc. (MELI)

MercadoLibre Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	35,182	28,893	20,777	15,107	10,780	7,069
Revenue Growth	46.01%	39.06%	37.53%	40.14%	52.50%	77.88%
Gross Profit Gross Profit Growth	16,799	14,643	10,944	8,755	6,010	3,574
Operating Income Operating Income Growth	2,907	3,201	2,631	2,207	1,081	450
Net Income Net Income Growth	1,863	1,997	1,911	987	482	83
Earnings Per Share EPS Growth	36.75	39.39	37.69	19.46	9.53	1.67
EPS Growth	-9.24%	4.51%	93.68%	104.29%	471.57%	-

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Commerce Services Commerce Services Growth	15,078	12,750	10,076	6,754	4,764	3,750
Commerce Products Sales Commerce Products Sales Growth	4,704	3,544	2,083	1,447	1,044	885
Fintech Services Fintech Services Growth	7,655	6,678	4,962	4,317	2,888	1,590
Credit Credit Growth	7,676	5,858	3,600	2,546	2,033	809
Fintech Products Sales Fintech Products Sales Growth	69	63	56	43	51	35
Revenue (Total) Revenue (Total) Growth	35,182	28,893	20,777	15,107	10,780	7,069

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	5,745	6,313	7,129	6,036	3,030	2,793
Total Debt Total Debt Growth	13,207	11,420	6,879	5,350	5,429	3,982
Net Cash (Debt) Net Cash Growth	-7,462	-5,107	250	686	-2,399	-1,189
Net Cash Growth	-	-	-63.56%	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-147.19	-100.74	4.93	13.45	-46.73	-23.87

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	13,905	12,116	7,918	5,140	2,940	965
Capital Expenditures CapEx Growth	-1,496	-1,343	-860	-509	-455	-573
Free Cash Flow Free Cash Flow Growth	12,409	10,773	7,058	4,631	2,485	392
Free Cash Flow Growth	68.03%	52.63%	52.41%	86.36%	533.93%	-58.07%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	47.75%	50.68%	52.67%	57.95%	55.75%	50.56%
Operating Margin	8.26%	11.08%	12.66%	14.61%	10.03%	6.37%
Pretax Margin	7.40%	9.84%	11.71%	10.30%	7.24%	3.28%
Profit Margin	5.29%	6.91%	9.20%	6.53%	4.47%	1.17%
FCF Margin	35.27%	37.29%	33.97%	30.65%	23.05%	5.54%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 22, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	52.32	51.14	45.11	80.50	88.30	868.48
Forward PE	45.65	40.59	46.01	48.77	54.94	169.46
P/FCF Ratio	7.86	9.48	12.21	17.16	17.13	183.89
PS Ratio	2.77	3.53	4.15	5.26	3.95	10.20

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: May 8, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Aug 19, 2026

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