MELI vs PYPL
Mercadolibre Inc. and PayPal Holdings, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | MELI | PYPL |
|---|---|---|
| Revenue | $28.9B | $33.2B |
| Net income | $2.0B | $5.2B |
| Gross margin | 47.4% | · |
| Net margin | 7.4% | 15.8% |
| Return on equity | 36.0% | 25.7% |
| Diluted EPS | $39.40 | $5.41 |
| Dividend / share | · | $0.14 |
| Payout ratio | · | 2.5% |
| Free cash flow | $10.8B | $5.6B |
| Equity | $6.7B | $20.3B |
| Net debt / equity | 0.82× | 0.10× |
| Current ratio | 1.17× | 1.29× |
| Revenue CAGR 5y | 48.7% | 9.1% |
| Profit CAGR 5y | · | 4.5% |
MELI and PYPL book revenue within 15% of each other, and PYPL keeps more of each dollar of revenue as profit (15.8% 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 | MELI | PYPL |
|---|---|---|
| FY2025 | $28.9B | $33.2B |
| FY2024 | $20.8B | $31.8B |
| FY2023 | $15.1B | $29.8B |
| FY2022 | $10.8B | $27.5B |
| FY2021 | $7.1B | $25.4B |
| FY2020 | $4.0B | $21.5B |
| FY2019 | $2.3B | $17.8B |
| FY2018 | $1.4B | $15.5B |
| FY2017 | $1.2B | $13.1B |
| FY2016 | $844.4M | $10.8B |
Bottom line
| Fiscal year | MELI | PYPL |
|---|---|---|
| FY2025 | $2.0B | $5.2B |
| FY2024 | $1.9B | $4.1B |
| FY2023 | $987.0M | $4.2B |
| FY2022 | $482.0M | $2.4B |
| FY2021 | $83.0M | $4.2B |
| FY2020 | $-1.0M | $4.2B |
| FY2019 | $-172.0M | $2.5B |
| FY2018 | $-36.6M | $2.1B |
| FY2017 | $13.8M | $1.8B |
| FY2016 | $136.4M | $1.4B |
13 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$4,279,000,000 | PYPL |
| FY2024 | −$11,020,000,000 | PYPL |
| FY2023 | −$14,664,000,000 | PYPL |
| FY2022 | −$16,738,000,000 | PYPL |
| FY2021 | −$18,302,000,000 | PYPL |
| FY2020 | −$17,480,000,000 | PYPL |
| FY2019 | −$15,475,686,000 | PYPL |
| FY2018 | −$14,011,347,000 | PYPL |
| FY2017 | −$11,877,458,000 | PYPL |
| FY2016 | −$9,997,604,000 | PYPL |
| FY2015 | −$8,596,210,000 | PYPL |
| FY2014 | −$7,468,464,000 | PYPL |
| FY2013 | −$6,254,405,000 | PYPL |
PYPL has reported the higher revenue in every one of these 13 fiscal years. The gap has narrowed since the earliest year compared.
13 of 18 comparable fiscal years — a year missing data on either side is not counted.
13 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −8.4 pp | PYPL |
| FY2024 | −3.2 pp | PYPL |
| FY2023 | −7.2 pp | PYPL |
| FY2022 | −4.0 pp | PYPL |
| FY2021 | −15.2 pp | PYPL |
| FY2020 | −19.6 pp | PYPL |
| FY2019 | −21.3 pp | PYPL |
| FY2018 | −15.9 pp | PYPL |
| FY2017 | −12.6 pp | PYPL |
| FY2016 | +3.2 pp | MELI |
| FY2015 | +3.0 pp | MELI |
| FY2014 | +7.8 pp | MELI |
| FY2013 | +10.7 pp | MELI |
The higher net margin has changed hands between MELI and PYPL over this period.
13 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MELI's net margin has been more volatile than PYPL's over the 13 comparable fiscal years — 8.6 percentage points of standard deviation against 3.3.
13 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between MELI and PYPL over these 13 fiscal years — MELI led in 4 and PYPL in 9.
13 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MELI's return on equity has been more volatile than PYPL's over the 13 comparable fiscal years — 20.5 percentage points of standard deviation against 5.7.
13 of 18 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 MELI and PYPL over these 13 fiscal years — MELI led in 8 and PYPL in 5.
13 of 18 comparable fiscal years — a year missing data on either side is not counted.