MercadoLibre Inc (MELI)
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.
- Symbol
- MELI
- Exchange
- Nasdaq
- Sector
- Consumer Cyclical
- Industry
- Internet Retail
- Market cap
- $92.60B
- 52 week range
- 1495 - 2548.5
Valuation
- Share price
- $1799.24 (close of 2026-09-23)
- P/E (TTM)
- 49.68x
- Price to book
- 11.82x
- Price to free cash flow
- 7.46x
- Enterprise value
- $100.05B
- Book value per share
- $154.53
Price performance
| Period | Change |
|---|
| 1 day | -1.17% |
| 5 days | -1.62% |
| 1 month | -6.42% |
| 3 months | +13.61% |
| 6 months | +7.99% |
| Year to date | -10.67% |
| 1 year | -27.87% |
| 3 years | +40.90% |
| 5 years | -4.62% |
| 10 years | +861.70% |
| All time | +6213.12% |
Profitability and growth
- Return on equity
- 29.59%
- Return on invested capital
- 19.90%
- Return on assets
- 4.68%
- Return on capital employed
- 22.81%
- Gross margin
- 63.23%
- Net margin
- 9.82%
- EBITDA margin
- 19.76%
- Revenue growth
- 34.34%
- Net income growth
- 4.50%
- Free cash flow growth
- 52.64%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 13.40%
- Current ratio
- 1.12x
- Net debt to EBITDA
- 1.96x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $20.34B
- Cost of revenue
- $16.04B
- Gross profit
- $12.86B
- EBITDA
- $4.02B
- Net income
- $2.00B
- Earnings per share
- $39.40
- Research and development
- $2.27B
- Shares outstanding
- 50.70M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $20.34B | $12.86B | $2.00B | $39.40 |
| 2024-12-31 | $15.14B | $9.58B | $1.91B | $37.69 |
| 2023-12-31 | $10.49B | $7.59B | $987.00M | $19.64 |
| 2022-12-31 | $7.45B | $5.20B | $482.00M | $9.57 |
| 2021-12-31 | $5.71B | $3.00B | $83.00M | $1.67 |
| 2020-12-31 | $3.97B | $1.71B | $-1.00M | $-0.08 |
| 2019-12-31 | $2.30B | $1.10B | $-172.00M | $-3.71 |
| 2018-12-31 | $1.44B | $697.01M | $-36.59M | $-0.82 |
| 2017-12-31 | $1.22B | $719.60M | $13.78M | $0.31 |
| 2016-12-31 | $844.40M | $536.86M | $136.37M | $3.09 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 63.23% | 9.82% | 29.59% | 19.90% |
| 2024-12-31 | 63.27% | 12.62% | 43.92% | 51.70% |
| 2023-12-31 | 72.38% | 9.41% | 32.14% | 69.17% |
| 2022-12-31 | 69.77% | 6.47% | 26.38% | 25.77% |
| 2021-12-31 | 52.63% | 1.45% | 5.42% | 13.49% |
| 2020-12-31 | 43.00% | -0.03% | -0.06% | - |
| 2019-12-31 | 48.00% | -7.49% | -8.67% | - |
| 2018-12-31 | 48.42% | -2.54% | -10.87% | - |
| 2017-12-31 | 59.15% | 1.13% | 4.23% | - |
| 2016-12-31 | 63.58% | 16.15% | 31.80% | - |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $6.30B | $9.19B |
| 2024-12-31 | $7.12B | $5.71B |
| 2023-12-31 | $6.04B | $4.50B |
| 2022-12-31 | $4.25B | $4.76B |
| 2021-12-31 | $3.40B | $3.52B |
| 2020-12-31 | $2.46B | - |
| 2019-12-31 | $2.98B | - |
| 2018-12-31 | $901.87M | - |
| 2017-12-31 | $597.69M | - |
| 2016-12-31 | $487.46M | - |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $10.77B | - |
| 2024-12-31 | $7.06B | - |
| 2023-12-31 | $4.63B | - |
| 2022-12-31 | $2.49B | - |
| 2021-12-31 | $392.00M | - |
| 2020-12-31 | $935.00M | - |
| 2019-12-31 | $314.29M | - |
| 2018-12-31 | $137.77M | $27.52M |
| 2017-12-31 | $213.85M | $35.72M |
| 2016-12-31 | $121.73M | $22.98M |
Dividend history
- Most recent payment
- 2017-12-28
| Payment date | Dividend per share |
|---|
| 2017-12-28 | $0.15 |
| 2017-09-28 | $0.15 |
| 2017-06-28 | $0.15 |
| 2017-03-29 | $0.15 |
| 2016-12-28 | $0.15 |
| 2016-09-28 | $0.15 |
| 2016-06-28 | $0.15 |
| 2016-03-29 | $0.15 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-04
- Consensus EPS estimate
- $9.42
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-05 | Jun/2026 | $8.69 |
| 2026-05-07 | - | - |
| 2026-02-24 | - | - |
| 2025-10-29 | - | - |
| 2025-08-04 | - | - |
| 2025-05-07 | - | - |
| 2025-02-20 | - | - |
| 2024-11-06 | - | - |
Filings and sources
- Company website
- mercadolibre.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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