MELI vs V
Mercadolibre Inc. and Visa Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | MELI | V |
|---|---|---|
| Revenue | $28.9B | $40.0B |
| Net income | $2.0B | $20.1B |
| Gross margin | 47.4% | · |
| Net margin | 7.4% | 50.1% |
| Return on equity | 36.0% | 52.1% |
| Diluted EPS | $39.40 | · |
| Dividend / share | · | $0.59 |
| Payout ratio | · | 23.1% |
| Free cash flow | $10.8B | $21.6B |
| Equity | $6.7B | · |
| Net debt / equity | 0.82× | 0.21× |
| Current ratio | 1.17× | 1.08× |
| Revenue CAGR 5y | 48.7% | 12.9% |
| Profit CAGR 5y | · | 13.0% |
V bills 1.4× the revenue of MELI, and keeps more of each dollar of revenue as profit (50.1% 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 | V |
|---|---|---|
| FY2025 | $28.9B | $40.0B |
| FY2024 | $20.8B | $35.9B |
| FY2023 | $15.1B | $32.7B |
| FY2022 | $10.8B | $29.3B |
| FY2021 | $7.1B | $24.1B |
| FY2020 | $4.0B | $21.8B |
| FY2019 | $2.3B | $23.0B |
| FY2018 | $1.4B | $20.6B |
| FY2017 | $1.2B | $18.4B |
| FY2016 | $844.4M | $15.1B |
Bottom line
| Fiscal year | MELI | V |
|---|---|---|
| FY2025 | $2.0B | $20.1B |
| FY2024 | $1.9B | $19.7B |
| FY2023 | $987.0M | $17.3B |
| FY2022 | $482.0M | $15.0B |
| FY2021 | $83.0M | $12.3B |
| FY2020 | $-1.0M | $10.9B |
| FY2019 | $-172.0M | $12.1B |
| FY2018 | $-36.6M | $10.3B |
| FY2017 | $13.8M | $6.7B |
| FY2016 | $136.4M | $6.0B |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$11,107,000,000 | V |
| FY2024 | −$15,149,000,000 | V |
| FY2023 | −$17,546,000,000 | V |
| FY2022 | −$18,530,000,000 | V |
| FY2021 | −$17,036,000,000 | V |
| FY2020 | −$17,872,000,000 | V |
| FY2019 | −$20,680,686,000 | V |
| FY2018 | −$19,169,347,000 | V |
| FY2017 | −$17,141,458,000 | V |
| FY2016 | −$14,237,604,000 | V |
| FY2015 | −$13,228,210,000 | V |
| FY2014 | −$12,145,464,000 | V |
| FY2013 | −$11,305,405,000 | V |
| FY2012 | −$10,047,398,506 | V |
| FY2011 | −$8,889,068,375 | V |
| FY2010 | −$7,848,284,287 | V |
| FY2009 | −$6,738,156,379 | V |
| FY2008 | −$6,125,977,380 | V |
V has reported the higher revenue in every one of these 18 fiscal years. The gap has widened 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 | −42.8 pp | V |
| FY2024 | −45.1 pp | V |
| FY2023 | −45.8 pp | V |
| FY2022 | −46.2 pp | V |
| FY2021 | −49.8 pp | V |
| FY2020 | −49.8 pp | V |
| FY2019 | −60.1 pp | V |
| FY2018 | −52.5 pp | V |
| FY2017 | −35.4 pp | V |
| FY2016 | −23.6 pp | V |
| FY2015 | −29.4 pp | V |
| FY2014 | −29.8 pp | V |
| FY2013 | −17.4 pp | V |
| FY2012 | +6.6 pp | MELI |
| FY2011 | −14.0 pp | V |
| FY2010 | −10.9 pp | V |
| FY2009 | −14.8 pp | V |
| FY2008 | +0.9 pp | MELI |
The higher net margin has changed hands between MELI and V over this period.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
V's net margin has been more volatile than MELI's over the 18 comparable fiscal years — 11.1 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 MELI and V over these 18 fiscal years — MELI led in 2 and V in 16.
18 of 19 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 V's over the 17 comparable fiscal years — 19.4 percentage points of standard deviation against 13.6.
17 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 V over these 17 fiscal years — MELI led in 9 and V in 8.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.