Thursday 15 October 2026 Export MELI’s income statement to Excel — free account

MercadoLibre, Inc.

MercadoLibre, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $28.9 billion, up 39.1% from fiscal 2024. In the quarter to June 2026, revenue grew 49.8%, EPS fell 10.9%, free cash flow grew 22.5% and total debt rose 45.5%, each against the same quarter a year earlier. Member of the Nasdaq 100; revenue growth for ten consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.

1,855.54 16.43 +0.89%

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Market cap: $92.1B
P/E: 50.0×
Fwd P/E: 39.6×
Dividend yield: —
F-score: 5/9
Altman Z: 2.96
Beneish M: −3.04
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 1.29

Total sells 2.31

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	1	—	—	1	1	—	—	—	—
Sell	—	3	—	—	—	—	—	—	—	—	—	—

Insider Ownership 7.31%

Capital & Financial Ratios $m

Market Cap 92,100.00

Revenue 35,182.00

Net Income 1,863.00

Free Cash Flow 12,409.00

Net Debt (8,218.00)

Current Ratio 1.12

Debt/Equity 1.36

P/E ratio 50.02

Fwd P/E 39.60

P/S ratio 2.65

P/B ratio 11.90

Past 5Y EPS Growth —

This Y EPS Growth (2.72%)

Next Y EPS Growth 45.26%

Next Y revenue growth 44.79%

Next 5Y EPS Growth 24.45%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 16.07%

10-year low 10-year high

P/S against its own 10 years 2.21%

10-year low 10-year high

P/B against its own 10 years 4.61%

10-year low 10-year high

EV/Sales against its own 10 years 2.18%

10-year low 10-year high

EV/FCF against its own 10 years 2.80%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	Powerpack
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	0.60	0.15 0.15 0.15 0.15
2016	0.60	0.15 0.15 0.15 0.15

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	7,328	9,184	16,166	18,844
Receivables	6,417	10,259	16,117	20,179
Inventory	238	296	570	822
Other	277	403	720	937
	14,260	20,142	33,573	40,782

	2023	2024	2025	Q'26
Payables	2,117	3,196	4,502	5,739
ST’ Debt	2,292	2,828	4,623	6,482
Other	119	209	409	558
	11,263	16,603	28,633	36,372

Compound Annual Growth %

	10y	5y	3y
Sales	46.11%	48.70%	38.91%
Cash Flow	49.22%	59.28%	60.33%
Earnings	34.15%	0.00%	60.61%
Book Value	34.85%	32.51%	54.58%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	8,845	10,169	—	—	—
’25	5,935	6,790	7,409	8,759	28,893
’24	4,333	5,073	5,312	6,059	20,777
’23	3,186	3,585	3,927	4,409	15,107
’22	2,248	2,597	2,690	3,245	10,780
’21	1,378	1,703	1,858	2,130	7,069
’20	652	878	1,116	1,328	3,974

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	2,075	3,662	—	—	—
’25	1,031	2,917	2,959	5,209	12,116
’24	1,512	1,882	1,600	2,924	7,918
’23	859	1,412	941	1,928	5,140
’22	(233)	907	724	1,542	2,940
’21	(265)	264	265	701	965
’20	(86)	650	361	256	1,182

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1,804	3,221	—	—	—
’25	759	2,630	2,602	4,782	10,773
’24	1,362	1,695	1,373	2,619	7,058
’23	770	1,298	815	1,748	4,631
’22	(370)	807	618	1,429	2,484
’21	(386)	102	94	546	356
’20	(131)	601	297	169	935

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	8.23	9.19	—	—	—
’25	9.74	10.31	8.32	11.03	39.40
’24	6.78	10.48	7.83	12.61	37.69
’23	3.97	5.16	7.16	3.25	19.46
’22	1.30	2.43	2.56	3.25	9.53
’21	(0.68)	1.37	1.92	(0.92)	1.67
’20	(0.44)	1.11	0.28	(1.02)	(0.02)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	84.19	157.95	257.52	282.88	422.22	1,018.73	600.68	815.86	1,324.99	1,707.31	Analyst estimates 2026–2028 Powerpack
	High	193.58	334.99	417.91	698.98	1,735.75	2,020.00	1,360.77	1,660.00	2,161.73	2,645.22
People
People	Employees	4,146	5,582	2,409	3,492	5,201	9,471	13,856	15,638	18,282	20,347
	Revenue/emp, $m	0.20	0.22	0.60	0.66	0.76	0.75	0.78	0.97	1.14	1.42
Income, $m
Income, $m	Revenue	844	1,217	1,440	2,296	3,974	7,069	10,780	15,107	20,777	28,893
	Gross margin, %	63.58	59.15	48.41	48.00	43.00	42.51	48.22	50.24	46.09	44.50
	EBT	185	54	(65)	(107)	81	241	780	1,553	2,432	2,842
	EBT margin, %	21.95	4.44	(4.55)	(4.67)	2.04	3.41	7.24	10.28	11.71	9.84
	Net income	136	14	(37)	(172)	(1)	83	482	987	1,911	1,997
	Depreciation	29	41	57	73	105	204	403	524	617	818
Per share, $
Per share, $	Revenue	19.12	27.55	32.33	47.16	79.90	141.94	214.12	300.56	409.82	569.91
	Earnings	3.09	0.31	(0.82)	(3.71)	(0.02)	1.67	9.57	19.64	37.69	39.40
	Cash flow	4.31	6.09	5.19	9.26	23.76	19.38	58.40	102.26	156.18	238.99
	Capex	(1.75)	(1.70)	(2.20)	(2.81)	(4.97)	(12.23)	(9.06)	(10.13)	(16.96)	(26.49)
	Free cash flow	2.56	4.40	2.99	6.45	18.80	7.15	49.34	92.14	139.22	212.50
	Book value	9.71	7.38	7.56	40.73	33.20	30.74	36.29	61.10	85.82	133.10
	Shares, m	44	44	45	49	50	50	50	50	51	51
Valuation, ×
Valuation, ×	P/E	52.28	1,008.06	0.00	0.00	0.00	797.87	86.23	77.74	45.10	51.12
	P/S	8.42	11.71	9.06	12.13	20.97	9.50	3.86	5.09	4.15	3.53
	P/B	16.58	43.72	38.73	14.04	50.45	43.86	22.76	25.03	19.81	15.13
	EV/Sales	8.21	11.52	8.93	11.16	20.38	9.37	3.77	4.90	3.98	3.29
	EV/FCF	61.44	72.19	96.50	81.53	86.62	186.00	16.41	16.01	11.74	8.84
Cash, $m
Cash, $m	Operating cash flow	190	269	231	451	1,182	965	2,940	5,140	7,918	12,116
	Capex	(77)	(75)	(98)	(137)	(247)	(609)	(456)	(509)	(860)	(1,343)
	Free cash flow	113	194	133	314	935	356	2,484	4,631	7,058	10,773
Balance, $m
Balance, $m	Working capital	293	319	345	2,037	1,711	2,338	2,391	2,997	3,539	4,940
	Total debt	314	368	735	817	1,409	3,518	4,758	4,495	5,715	9,193
	Net debt	(174)	(229)	(191)	(2,231)	(2,340)	(940)	(944)	(2,833)	(3,469)	(6,973)
	Shareholders’ equity	429	326	337	1,983	1,652	1,531	1,827	3,071	4,351	6,748
Returns, %
Returns, %	ROA	11.50	0.91	(1.87)	(5.15)	(0.02)	1.00	4.04	6.30	8.93	5.89
	ROIC	44.39	36.45	(29.82)	0.00	0.00	46.64	75.67	579.57	186.44	0.00
	ROE	35.50	3.65	(11.04)	(15.59)	(0.06)	5.22	28.71	40.30	51.50	35.99

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
BABA Alibaba Group Holding Limited	$275.8B	24.5×	21.0×	+14.66% (above 0%: growing)	−74.13% (below 0%: shrinking)	+17.19% (above 0%: growing)	38.24%	7.29%	Compare
PDD PDD Holdings Inc. Sponsored ADR	$114.6B	8.5×	9.1×	+14.08% (above 0%: growing)	−7.17% (below 0%: shrinking)	+25.39% (above 0%: growing)	57.26%	24.71%	Compare
MELI MercadoLibre, Inc.	$92.1B	50.0×	39.6×	+49.76% (above 0%: growing)	−10.86% (below 0%: shrinking)	+22.47% (above 0%: growing)	40.90%	6.72%
DASH DoorDash, Inc.	$83.7B	94.9×	61.1×	+35.63% (above 0%: growing)	−31.34% (below 0%: shrinking)	+109.01% (above 0%: growing)	52.69%	3.50%	Compare
SE Sea Limited Sponsored ADR	$53.7B	35.3×	28.5×	+48.07% (above 0%: growing)	+5.88% (above 0%: growing)	−6.79% (below 0%: shrinking)	45.58%	8.35%	Compare
EBAY eBay Inc.	$51.8B	23.7×	24.0×	+14.80% (above 0%: growing)	+55.00% (above 0%: growing)	+168.03% (above 0%: growing)	73.45%	21.57%	Compare
JD JD.com, Inc.	$32.2B	17.1×	10.9×	+2.54% (above 0%: growing)	+27.87% (above 0%: growing)	+64.77% (above 0%: growing)	17.12%	1.31%	Compare
CPNG Coupang, Inc.	$27.2B	— (loss-making)	— (loss-making)	+3.89% (above 0%: growing)	n/m	−79.35% (below 0%: shrinking)	28.16%	(6.28%)	Compare
W Wayfair Inc.	$14.4B	— (loss-making)	— (loss-making)	+7.52% (above 0%: growing)	n/m	+28.46% (above 0%: growing)	29.95%	2.96%	Compare
Median of peers	$52.8B	24.1×	22.5×	+14.37%	−0.65%	+26.93%	41.91%	5.40%

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