Loading…
MercadoLibre, Inc. operates online commerce platforms in Brazil, Mexico, Argentina, and internationally. The company operates Mercado Libre Marketplace, an online commerce platform that can be accessed through mobile app or website; and Mercado Pago, a financial technology solution platform, which offers comprehensive set of financial technology services to users and other users of its e-commerce platform. It also provides Mercado Fondo that allows users to invest funds deposited in their Mercado Pago accounts; Mercado Credito, which grants loans and obtains better funding alternatives; and Mercado Mercado Envios that facilitates the shipping of goods from the Company and sellers to buyers. In addition, the company provides Mercado Libre Classifieds, where users can list vehicles, properties, and services; Mercado Ads, an advertising platform, which enables retailers and brands to promote their products and services on the platform. MercadoLibre, Inc. was incorporated in 1999 and is headquartered in Montevideo, Uruguay.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $28.9B | $3.8B | $2.0B | $10.8B | 29.6% | 39.1% | 4.5% |
| 2024 | $20.8B | $3.2B | $1.9B | $7.1B | 43.9% | 37.5% | 93.6% |
| 2023 | $15.1B | $2.3B | $987M | $4.6B | 32.1% | 40.1% | 104.8% |
| 2022 | $10.8B | $1.3B | $482M | $2.5B | 26.4% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 10,780 | 15,107 | 20,777 | 28,893 |
| Operating Revenue | - | 10,780 | 15,107 | 20,777 | 28,893 |
| Cost Of Revenue | 4,064 | 5,582 | 7,517 | - | - |
| Gross Profit | - | 5,198 | 7,590 | 9,577 | 12,858 |
| Operating Expense | - | 4,129 | 5,383 | 6,946 | 9,657 |
| Research And Development | - | 1,099 | 1,831 | 1,934 | 2,269 |
| Selling General And Administration | - | 1,957 | 2,502 | 3,154 | 4,297 |
| Total Expenses | - | 9,711 | 12,900 | 18,146 | 25,692 |
| Operating Income | - | 1,069 | 2,207 | 2,631 | 3,201 |
| Total Operating Income As Reported | - | 1,069 | 2,207 | 2,631 | 3,201 |
| EBITDA | - | 1,318 | 2,251 | 3,214 | 3,820 |
| Normalized EBITDA | - | 1,516 | 2,866 | 3,396 | 4,157 |
| EBIT | - | 915 | 1,727 | 2,597 | 3,002 |
| Interest Income | - | 44 | 135 | 148 | 138 |
| Interest Expense | - | 135 | 174 | 165 | 160 |
| Net Interest Income | - | -91 | -39 | -17 | -22 |
| Other Income Expense | - | -198 | -615 | -182 | -337 |
| Interest Income Non Operating | - | 44 | 135 | 148 | 138 |
| Interest Expense Non Operating | - | 135 | 174 | 165 | 160 |
| Net Non Operating Interest Income Expense | - | -91 | -39 | -17 | -22 |
| Pretax Income | - | 780 | 1,553 | 2,432 | 2,842 |
| Tax Provision | - | 298 | 569 | 521 | 845 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -75.64 | -225.09 | -38.95 | -100.09 |
| Net Income Continuous Operations | - | 482 | 987 | 1,911 | 1,997 |
| Net Income From Continuing And Discontinued Operation | - | 482 | 987 | 1,911 | 1,997 |
| Net Income From Continuing Operation Net Minority Interest | - | 482 | 987 | 1,911 | 1,997 |
| Net Income | - | 482 | 987 | 1,911 | 1,997 |
| Net Income Common Stockholders | - | 482 | 987 | 1,911 | 1,997 |
| Net Income Including Noncontrolling Interests | - | 482 | 987 | 1,911 | 1,997 |
| Normalized Income | - | 604.36 | 1,376.91 | 2,054.05 | 2,233.91 |
| Diluted NI Availto Com Stockholders | - | 489 | 987 | 1,911 | 1,997 |
| Basic Average Shares | - | 50.35 | 20.56 | 50.70 | 50.70 |
| Diluted Average Shares | - | 51.34 | 51.01 | 50.70 | 50.70 |
| Reconciled Depreciation | - | 403 | 524 | 617 | 818 |
| Reconciled Cost Of Revenue | - | 5,582 | 7,517 | 11,200 | 16,035 |
| Total Unusual Items | - | -198 | -615 | -182 | -337 |
| Total Unusual Items Excluding Goodwill | - | -198 | -615 | -182 | -337 |
| Earnings From Equity Interest Net Of Tax | - | 0 | 3 | 0 | 0 |
| Gain On Sale Of Security | - | -198 | -615 | -182 | -337 |
| General And Administrative Expense | - | 661 | 766 | 963 | 1,078 |
| Other Gand A | - | 661 | 766 | 963 | 1,078 |
| Provision For Doubtful Accounts | - | 1,073 | 1,050 | 1,858 | 3,091 |
| Selling And Marketing Expense | - | 1,296 | 1,736 | 2,191 | 3,219 |
| Otherunder Preferred Stock Dividend | 0 | 0 | 0 | 0 | - |
| Average Dilution Earnings | 0 | 7 | 6 | 0 | - |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| MercadoLibre, Inc.this co. | MELI | $82.9B | 41.50↑ premium | 12.28 | 29.6% | 23.72 |
| Airbnb, Inc. | ABNB | $79.4B | 31.61 | 9.68 | 30.6% | 29.43 |
| Royal Caribbean Cruises Ltd. | RCL | $78.7B | 18.43 | 7.84 | 42.5% | 14.10 |
| Hilton Worldwide Holdings Inc. | HLT | $77.0B | 52.83 | -14.29 | -27.0% | 31.08 |
| General Motors Company | GM | $75.0B |
| - |
| - |
| - |
| - |
| - |
| 23.60 |
| 1.23 |
| 5.2% |
| 9.69 |
| Ross Stores, Inc. | ROST | $74.8B | 34.85 | 12.08 | 34.7% | 22.24 |
| O'Reilly Automotive, Inc. | ORLY | $73.3B | 28.86 | - | -332.5% | 20.46 |
| Carvana Co. | CVNA | $72.6B | 51.60 | 21.10 | 40.9% | -689.03 |
| DoorDash, Inc. | DASH | $69.7B | 74.59 | 6.95 | 9.3% | 46.64 |
| Peer Median | - | 33.23 | 7.84 | 20.0% | 21.35 | |