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NASDAQ · SERVICES-BUSINESS SERVICES, NEC · LARGE CAP

Mercadolibre Inc. MELI

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$28.9B
▲ 39.1% YoY
$2.0B
▲ 4.5% YoY
$10.8B
▲ 52.6% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

MercadoLibre operates an online commerce platform and a fintech platform that enable buying and selling online, the processing of payments online and offline, and a wide array of day-to-day financial services. Its e-commerce platform is present in 18 countries and its fintech platform, Mercado Pago, is present in 8 countries, among them Argentina, Brazil, Mexico, Chile, Colombia, Peru, Uruguay and Ecuador. The ecosystem offered to users comprises the Mercado Libre Marketplace, the Mercado Pago fintech platform, the Mercado Envios logistics service, the Mercado Ads solution and the Mercado Libre Classifieds service. Third-party sellers account for most of the GMV transacted on the Marketplace, while first-party sales made directly to consumers in selected categories account for less than 10% of GMV. The logistics network is built around fulfillment centers, which account for more than half of shipments, and cross-docking, in which items sold are collected from sellers directly or through a network of thousands of partner stores called MELI Places. In the countries in which Mercado Pago operates, it processes and settles all transactions on the Marketplace. As of December 31, 2025, the company had 123,670 employees, including 61,139 in Brazil, 34,336 in Mexico and 16,726 in Argentina. MercadoLibre is a Delaware corporation incorporated on October 15, 1999, and its principal executive offices are located in Montevideo, Uruguay.

Written from the business description in MercadoLibre, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 25 February 2026. Every sentence was checked against that document before publication.

Growth

USD 28.9B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 28.9 · Net income 2.0
15B30B
2008201120142017202020232025
Compound annual growth
+38.9%
+48.7%
+46.1%
+38.6%
+60.6%
+26.9%
+60.5%
+32.3%
+25.7%
−3.3%
+6.6%
−81.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +48.7% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

7 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 11.8% · Net 7.4%
10%20%30%-2%-4%-6%
200820162025
ROE
FY2025 · ROE 36.0%
20%40%-5%-10%
200820162025
Three returns, three denominators.

Each USD of equity produced 36 cents of profit this year.

Cash & shareholders

USD 1.0M
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 10.8
5B10B
200820162025
Net buybacks $B Dividends $B
FY2025 · Dividends · · Net buybacks 0.0
0.1B0.3B-1.0B-2.0B
20112013201520172019202120232025

USD 1.0M in buybacks — 0% of the year's profit went back to shareholders.

Total assetsUSD 42.7B
EquityUSD 6.7B
CashUSD 3.7B
Gross debtUSD 9.2B
Net debtUSD 5.5B
Current ratio1.17×

Net debt stands at 82% of equity.

The 18-year record

18 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
MELI, 18-year financial record
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B28.920.815.110.87.14.02.31.41.20.80.70.60.50.40.30.20.20.1
Operating income $B3.22.62.21.10.40.1−0.2−0.10.10.20.10.10.20.10.10.10.10.0
EBITDA $B◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Income tax $B0.80.50.60.30.10.10.1−0.00.00.00.00.00.00.00.00.00.00.0
Net income $B2.01.91.00.50.1−0.0−0.2−0.00.00.10.10.10.10.10.10.10.00.0
Free cash flow $B10.87.14.62.50.40.90.30.10.20.10.20.20.00.10.10.10.00.1
EPS, diluted $39.4037.6919.469.531.67−0.08−3.71−0.820.313.092.401.632.662.301.731.270.750.42
Dividend / sh $◌◌◌◌◌◌◌◌0.600.600.410.660.570.440.32◌◌◌
Payout %———————−18192182039201814———
ROE %36.051.540.328.75.2−0.1−14.8−11.03.735.530.420.837.139.839.339.232.020.1
Shares out B0.050.050.050.050.050.050.050.050.040.040.040.040.040.040.040.040.04◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 88 reconciliationsAUDITED

Reconciled in 18 of the 18 fiscal years we could check. Four checks were skipped: the balance sheet is not tagged before 2009. One check was skipped: EPS is not tagged before 2008. One check was skipped: revenue is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityServices-Business Services, NEC
Listed onNASDAQ
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2008

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