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Stocks · Industrials · Services-Business Services, NEC

MERCADOLIBRE INC

MELI Clue Score74
Uruguay Fiscal year ends December CIK 0001099590
$1,889.85 +1.79% Close, 9 Oct 2026
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Price $1,889.85 +29.50% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue0.84Operating income0.18Net income0.14EPS, diluted3.09Fiscal year 2017Revenue1.22 +44.1%Operating income0.06Net income0.01 −89.9%EPS, diluted0.31 −90.0%Fiscal year 2018Revenue1.44 +18.3%Operating income−0.07Net income−0.04 −365.5%EPS, diluted−0.82 −364.5%Fiscal year 2019Revenue2.30 +59.5%Operating income−0.15Net income−0.17EPS, diluted−3.71Fiscal year 2020Revenue3.97 +73.1%Operating income0.13Net income−0.00EPS, diluted−0.08Fiscal year 2021Revenue5.71 +43.7%Operating income0.44Net income0.08EPS, diluted1.67Fiscal year 2022Revenue7.45 +30.5%Operating income1.07Net income0.48 +480.7%EPS, diluted9.53 +470.7%Fiscal year 2023Revenue10.49 +40.8%Operating income2.21Net income0.99 +104.8%EPS, diluted19.46 +104.2%Fiscal year 2024Revenue15.14 +44.3%Operating income2.63Net income1.91 +93.6%EPS, diluted37.69 +93.7%Fiscal year 2025Revenue20.34 +34.3%Operating income3.20Net income2.00 +4.5%EPS, diluted39.40 +4.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 0.84 1.22 1.44 2.30 3.97 5.71 7.45 10.49 15.14 20.34
Growth +44.1% +18.3% +59.5% +73.1% +43.7% +30.5% +40.8% +44.3% +34.3%
Operating income 0.18 0.06 −0.07 −0.15 0.13 0.44 1.07 2.21 2.63 3.20
Net income 0.14 0.01 −0.04 −0.17 −0.00 0.08 0.48 0.99 1.91 2.00
Growth −89.9% −365.5% +480.7% +104.8% +93.6% +4.5%
EPS, diluted 3.09 0.31 −0.82 −3.71 −0.08 1.67 9.53 19.46 37.69 39.40
Growth −90.0% −364.5% +470.7% +104.2% +93.7% +4.5%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin63.6%Operating margin21.4%Net margin16.1%Free cash flow margin14.4%Fiscal year 2017Gross margin59.2%Operating margin4.6%Net margin1.1%Free cash flow margin17.6%Fiscal year 2018Gross margin48.4%Operating margin−4.8%Net margin−2.5%Free cash flow margin9.6%Fiscal year 2019Gross margin48.0%Operating margin−6.7%Net margin−7.5%Free cash flow margin13.7%Fiscal year 2020Gross margin43.0%Operating margin3.2%Net margin−0.0%Free cash flow margin23.5%Fiscal year 2021Gross margin52.6%Operating margin7.7%Net margin1.5%Free cash flow margin6.9%Fiscal year 2022Gross margin69.8%Operating margin14.3%Net margin6.5%Free cash flow margin33.4%Fiscal year 2023Gross margin72.4%Operating margin21.0%Net margin9.4%Free cash flow margin44.2%Fiscal year 2024Gross margin63.3%Operating margin17.4%Net margin12.6%Free cash flow margin46.6%Fiscal year 2025Gross margin63.2%Operating margin15.7%Net margin9.8%Free cash flow margin53.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 63.6% 59.2% 48.4% 48.0% 43.0% 52.6% 69.8% 72.4% 63.3% 63.2%
Operating margin 21.4% 4.6% −4.8% −6.7% 3.2% 7.7% 14.3% 21.0% 17.4% 15.7%
Net margin 16.1% 1.1% −2.5% −7.5% −0.0% 1.5% 6.5% 9.4% 12.6% 9.8%
Free cash flow margin 14.4% 17.6% 9.6% 13.7% 23.5% 6.9% 33.4% 44.2% 46.6% 53.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.19Capital expenditure−0.07Free cash flow0.12Dividends paid−0.02Fiscal year 2017Operating cash flow0.27Capital expenditure−0.06Free cash flow0.21 +75.7%Dividends paid−0.03Fiscal year 2018Operating cash flow0.23Capital expenditure−0.09Free cash flow0.14 −35.6%Dividends paid−0.01Fiscal year 2019Operating cash flow0.45Capital expenditure−0.14Free cash flow0.31 +128.1%Buybacks−0.00Fiscal year 2020Operating cash flow1.18Capital expenditure−0.25Free cash flow0.94 +197.5%Buybacks−0.05Fiscal year 2021Operating cash flow0.97Capital expenditure−0.57Free cash flow0.39 −58.1%Buybacks−0.49Fiscal year 2022Operating cash flow2.94Capital expenditure−0.45Free cash flow2.49 +534.2%Buybacks−0.15Fiscal year 2023Operating cash flow5.14Capital expenditure−0.51Free cash flow4.63 +86.3%Buybacks−0.36Fiscal year 2024Operating cash flow7.92Capital expenditure−0.86Free cash flow7.06 +52.4%Buybacks−0.00Fiscal year 2025Operating cash flow12.12Capital expenditure−1.34Free cash flow10.77 +52.6%Buybacks−0.00
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.19 0.27 0.23 0.45 1.18 0.97 2.94 5.14 7.92 12.12
Capital expenditure −0.07 −0.06 −0.09 −0.14 −0.25 −0.57 −0.45 −0.51 −0.86 −1.34
Free cash flow 0.12 0.21 0.14 0.31 0.94 0.39 2.49 4.63 7.06 10.77
Growth +75.7% −35.6% +128.1% +197.5% −58.1% +534.2% +86.3% +52.4% +52.6%
Buybacks n/a n/a n/a −0.00 −0.05 −0.49 −0.15 −0.36 −0.00 −0.00
Dividends paid −0.02 −0.03 −0.01 n/a n/a n/a n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.23Shareholders’ equity0.43Fiscal year 2017Cash0.39Shareholders’ equity0.33Fiscal year 2018Cash0.44Shareholders’ equity0.34Fiscal year 2019Cash1.38Shareholders’ equity1.98Fiscal year 2020Cash1.86Shareholders’ equity1.65Fiscal year 2021Cash2.59Total debt3.52Net cash (debt)−0.93Shareholders’ equity1.53Debt to equity2.30Fiscal year 2022Cash1.91Total debt4.76Net cash (debt)−2.85Shareholders’ equity1.83Debt to equity2.60Fiscal year 2023Cash2.56Total debt4.50Net cash (debt)−1.94Shareholders’ equity3.07Debt to equity1.46Fiscal year 2024Cash2.64Total debt5.72Net cash (debt)−3.08Shareholders’ equity4.35Debt to equity1.31Fiscal year 2025Cash3.67Total debt9.19Net cash (debt)−5.52Shareholders’ equity6.75Debt to equity1.36
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.23 0.39 0.44 1.38 1.86 2.59 1.91 2.56 2.64 3.67
Total debt n/a n/a n/a n/a n/a 3.52 4.76 4.50 5.72 9.19
Net cash (debt) n/a n/a n/a n/a n/a −0.93 −2.85 −1.94 −3.08 −5.52
Shareholders’ equity 0.43 0.33 0.34 1.98 1.65 1.53 1.83 3.07 4.35 6.75
Debt to equity n/a n/a n/a n/a n/a 2.30 2.60 1.46 1.31 1.36

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
0.84 1.22 1.44 2.30 3.97 5.71 7.45 10.49 15.14 20.34
Growth +44.1% +18.3% +59.5% +73.1% +43.7% +30.5% +40.8% +44.3% +34.3%
0.31 0.50 0.74 1.19 2.27 4.06 5.58 7.52 11.20 16.04
0.54 0.72 0.70 1.10 1.71 3.01 5.20 7.59 9.58 12.86
Growth +34.0% −3.1% +58.1% +55.1% +75.8% +73.0% +46.0% +26.2% +34.3%
0.10 0.13 0.15 0.22 0.35 0.59 1.10 1.83 1.93 2.27
0.09 0.12 0.14 0.20 0.33 0.47 0.66 0.77 0.96 1.08
0.18 0.06 −0.07 −0.15 0.13 0.44 1.07 2.21 2.63 3.20
Growth −68.9% −223.5% +244.5% +142.4% +106.5% +19.2% +21.7%
0.19 0.05 −0.07 −0.11 0.08 0.24 0.78 1.55 2.43 2.84
0.05 0.04 −0.03 0.06 0.08 0.15 0.30 0.57 0.52 0.85
0.14 0.01 −0.04 −0.17 −0.00 0.08 0.48 0.99 1.91 2.00
Growth −89.9% −365.5% +480.7% +104.8% +93.6% +4.5%
Per share
3.09 0.31 −0.82 −3.71 −0.08 1.67 9.57 19.64 37.69 39.40
3.09 0.31 −0.82 −3.71 −0.08 1.67 9.53 19.46 37.69 39.40
Growth −90.0% −364.5% +470.7% +104.2% +93.7% +4.5%
44.2 44.2 44.5 48.7 49.7 49.8 50.3 50.3 50.7 50.7
44.2 44.2 44.5 48.7 49.7 49.8 51.3 51.0 50.7 50.7
Growth +0.0% +0.8% +9.3% +2.2% +0.1% +3.1% −0.6% −0.6% −0.0%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 38.6% a year over five years.
  • The diluted share count rose 1.9% in five years, which is dilution.
  • Operating margin is up 12.5 points on five years ago, at 15.7%.
  • A net loss in 3 of 10 years on file.