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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 |
| Cost Of Revenue | - | 5,582 | 7,517 | 11,200 | 16,035 |
| Gross Profit | - | 5,198 | 7,590 | 9,577 | 12,858 |
| Operating Expense | - | 4,129 | 5,383 | 6,946 | 9,657 |
| Operating Income | - | 1,069 | 2,207 | 2,631 | 3,201 |
| EBITDA | - | 1,318 | 2,251 | 3,214 | 3,820 |
| EBIT | - | 915 | 1,727 | 2,597 | 3,002 |
| Pretax Income | - | 780 | 1,553 | 2,432 | 2,842 |
| Tax Provision | - | 298 | 569 | 521 | 845 |
| Net Income | - | 482 | 987 | 1,911 | 1,997 |
| Net Income Common Stockholders | - | 482 | 987 | 1,911 | 1,997 |
| Total Expenses | - | 9,711 | 12,900 | 18,146 | 25,692 |
| Interest Expense | - | 135 | 174 | 165 | 160 |
| Interest Income | - | 44 | 135 | 148 | 138 |
| Research And Development | - | 1,099 | 1,831 | 1,934 | 2,269 |
| Selling General And Administration | - | 1,957 | 2,502 | 3,154 | 4,297 |
| Normalized EBITDA | - | 1,516 | 2,866 | 3,396 | 4,157 |
| Normalized Income | - | 604.36 | 1,376.91 | 2,054.05 | 2,233.91 |
| Market Cap | 93,040.48 | 93,040.48 | 93,040.48 | 93,040.48 | 93,040.48 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| MercadoLibre, Inc.this co. | MELI | $93.0B | 46.59↑ premium | 13.79 | 29.6% | 26.38 |
| Starbucks Corporation | SBUX | $112.2B | 60.56 | -13.88 | -22.9% | 28.17 |
| Marriott International, Inc. | MAR | $100.2B | 37.40 | -25.80 | -69.0% | 23.74 |
| Airbnb, Inc. | ABNB | $87.5B | 34.10 | 10.44 | 30.6% | 31.89 |
| O'Reilly Automotive, Inc. | ORLY | $79.3B |
| - |
| - |
| - |
| - |
| - |
| 30.77 |
| -102.30 |
| -332.5% |
| 21.67 |
| Hilton Worldwide Holdings Inc. | HLT | $79.1B | 52.82 | -14.28 | -27.0% | 31.07 |
| Royal Caribbean Cruises Ltd. | RCL | $72.1B | 16.85 | 7.17 | 42.5% | 13.15 |
| NIKE, Inc. | NKE | $66.3B | 20.56 | 5.01 | 24.4% | 15.46 |
| General Motors Company | GM | $63.2B | 26.09 | 1.15 | 4.4% | 9.81 |
| Peer Median | - | 32.43 | -6.37 | -9.3% | 22.71 | |