MercadoLibre, Inc.

MELI Consumer Cyclical Internet Retail

MercadoLibre, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $28.9 billion, up 39.1% from fiscal 2024.

Revenue
+49.8%
EPS
−10.9%
Free cash flow
+22.5%
Total debt
+45.5%

Quarter to June 2026, against a year earlier

1,739.14 76.98 +4.63%
Market cap
$84.3B
P/E
45.4×
Fwd P/E
42.6×
Dividend yield
—
F-score
5/9
Altman Z
2.96
Beneish M
−3.04
Dividend safety
n/a

MercadoLibre, Inc. (MELI) Free cash flow margin

Alert me on Free cash flow margin

MercadoLibre, Inc.'s free cash flow margin over the twelve months to 30 June 2026 was 35.3%, down 2.0 percentage points from fiscal 2025 (37.3%). Over the past ten years it has ranged from 5.04% (fiscal 2021) to 37.3% (fiscal 2025) — the current reading is the highest in ten years. That is above the Internet Retail industry median of 0.00% and above the Consumer Cyclical sector median of 3.17%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 37.3% 3.32
FY2024 34.0% 3.32
FY2023 30.7% 7.61
FY2022 23.0% 18.00
FY2021 5.04% (18.49)
FY2020 23.5% 9.85
FY2019 13.7% 4.43
FY2018 9.25% (6.71)
FY2017 16.0% 2.59
FY2016 13.4% (10.73)

Against its own ten years

Low 5.04% High 37.3%
Ten-year median 23.0%
Current reading's percentile 100

Free cash flow margin against peers

Company Free cash flow margin
MELI MercadoLibre, Inc. 35.3%
PDD PDD Holdings Inc. Sponsored ADR compare 24.7%
EBAY eBay Inc. compare 19.5%
SE Sea Limited Sponsored ADR compare 18.8%
DASH DoorDash, Inc. compare 12.9%
BABA Alibaba Group Holding Limited compare 7.52%
W Wayfair Inc. compare 4.36%
JD JD.com, Inc. compare 3.89%
CPNG Coupang, Inc. compare −1.13%
Internet Retail industry median 0.00%
Consumer Cyclical sector median 3.17%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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