MA vs MELI
Mastercard Inc. and Mercadolibre Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | MA | MELI |
|---|---|---|
| Revenue | $32.8B | $28.9B |
| Net income | $15.0B | $2.0B |
| Gross margin | · | 47.4% |
| Net margin | 45.6% | 7.4% |
| Return on equity | 210.5% | 36.0% |
| Diluted EPS | $16.52 | $39.40 |
| Dividend / share | $3.15 | · |
| Payout ratio | 18.4% | · |
| Free cash flow | $17.2B | $10.8B |
| Equity | $7.7B | $6.7B |
| Net debt / equity | 1.09× | 0.82× |
| Current ratio | 1.03× | 1.17× |
| Revenue CAGR 5y | 16.5% | 48.7% |
| Profit CAGR 5y | 18.5% | · |
MA and MELI book revenue within 15% of each other, and keeps more of each dollar of revenue as profit (45.6% against 7.4%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | MA | MELI |
|---|---|---|
| FY2025 | $32.8B | $28.9B |
| FY2024 | $28.2B | $20.8B |
| FY2023 | $25.1B | $15.1B |
| FY2022 | $22.2B | $10.8B |
| FY2021 | $18.9B | $7.1B |
| FY2020 | $15.3B | $4.0B |
| FY2019 | $25.0B | $2.3B |
| FY2018 | $21.8B | $1.4B |
| FY2017 | $12.5B | $1.2B |
| FY2016 | $10.8B | $844.4M |
Bottom line
| Fiscal year | MA | MELI |
|---|---|---|
| FY2025 | $15.0B | $2.0B |
| FY2024 | $12.9B | $1.9B |
| FY2023 | $11.2B | $987.0M |
| FY2022 | $9.9B | $482.0M |
| FY2021 | $8.7B | $83.0M |
| FY2020 | $6.4B | $-1.0M |
| FY2019 | $8.1B | $-172.0M |
| FY2018 | $5.9B | $-36.6M |
| FY2017 | $3.9B | $13.8M |
| FY2016 | $4.1B | $136.4M |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$3,898,000,000 | MA |
| FY2024 | +$7,390,000,000 | MA |
| FY2023 | +$9,991,000,000 | MA |
| FY2022 | +$11,457,000,000 | MA |
| FY2021 | +$11,815,000,000 | MA |
| FY2020 | +$11,327,000,000 | MA |
| FY2019 | +$22,683,686,000 | MA |
| FY2018 | +$20,391,347,000 | MA |
| FY2017 | +$11,280,458,000 | MA |
| FY2016 | +$9,931,604,000 | MA |
| FY2015 | +$9,015,210,000 | MA |
| FY2014 | +$8,884,464,000 | MA |
| FY2013 | +$7,873,405,000 | MA |
| FY2012 | +$7,017,398,506 | MA |
| FY2011 | +$6,415,068,375 | MA |
| FY2010 | +$5,322,284,287 | MA |
| FY2009 | +$4,926,156,379 | MA |
| FY2008 | +$4,854,977,380 | MA |
MA has reported the higher revenue in every one of these 18 fiscal years. The gap has narrowed since the earliest year compared.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +38.3 pp | MA |
| FY2024 | +35.9 pp | MA |
| FY2023 | +37.5 pp | MA |
| FY2022 | +39.8 pp | MA |
| FY2021 | +44.7 pp | MA |
| FY2020 | +41.9 pp | MA |
| FY2019 | +40.0 pp | MA |
| FY2018 | +29.4 pp | MA |
| FY2017 | +30.2 pp | MA |
| FY2016 | +21.5 pp | MA |
| FY2015 | +23.2 pp | MA |
| FY2014 | +25.3 pp | MA |
| FY2013 | +12.5 pp | MA |
| FY2012 | +10.2 pp | MA |
| FY2011 | +2.7 pp | MA |
| FY2010 | +7.5 pp | MA |
| FY2009 | +9.5 pp | MA |
| FY2008 | −18.8 pp | MELI |
The higher net margin has changed hands between MA and MELI over this period.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MA's net margin has been more volatile than MELI's over the 18 comparable fiscal years — 11.6 percentage points of standard deviation against 10.3.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between MA and MELI over these 18 fiscal years — MA led in 17 and MELI in 1.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MA's return on equity has been more volatile than MELI's over the 18 comparable fiscal years — 59.3 percentage points of standard deviation against 18.9.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between MA and MELI over these 18 fiscal years — MA led in 16 and MELI in 2.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.