Is MercadoLibre financially healthy?

On 30 September 2026 MercadoLibre held 7.41B USD in cash and short-term investments against total debt of 13.04B USD. Its current ratio is 1.17: what falls due within a year against what turns into cash within a year. Over the last twelve months it generated 11.73B USD of free cash flow.

Is MercadoLibre growing?

MercadoLibre's revenue grew 48.7% a year over its last five fiscal years, from 3.97B USD in fiscal year 2020 to 28.89B USD in fiscal year 2025. Over the last twelve months it was up 47.1% on the twelve months before.

Where can I find MercadoLibre's annual report (10-K)?

MercadoLibre files its annual report (Form 10-K) and its quarterly reports (Form 10-Q) with the US Securities and Exchange Commission, on its EDGAR site; the figures on these pages come from them.

MercadoLibre
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MELI

Arincen ScoreBeta71/100

71/100B

1,509.70

USD

-21.57

(-1.41%)

Pre Open

Last updated: 9 Nov, 04:00 GMT-5 · Delayed 15 min

Fair value1,289.92Plus+17%967Price 1,509.701,612

Q4 FY2026 · Earnings report

EPS estimate 11.04Revenue estimate 12.03B

Q4 FY2026 · Earnings report

Tuesday 23 February

EPS estimate 11.04Revenue estimate 12.03B

Fair value1,289.92Plus+17%967Price 1,509.701,612

Q4 FY2026 · Earnings report

EPS estimate 11.04Revenue estimate 12.03B

Q4 FY2026 · Earnings report

Tuesday 23 February

EPS estimate 11.04Revenue estimate 12.03B

Overview Financials Forecast Earnings Dividends Company

MercadoLibre financials

Yes. MercadoLibre earned 1.89B USD of net income over the last twelve months, 4.9% of its revenue. It made a profit in 18 of its 24 fiscal years since 2002. Its last loss was in fiscal year 2020.

Revenue (TTM)What does TTM (trailing twelve months) mean? TTM (trailing twelve months) is a figure over the latest twelve months of reports: usually the last four quarters added together.: 38.52B USD
Net income (TTM)What is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.: 1.89B USD
Free cash flow (TTM)What is free cash flow (FCF)? Free cash flow is the cash a company's operations bring in minus what it spends on long-term assets (capex): cash left for debt, dividends and buybacks.: 11.73B USD
Cash and short-term investments: 7.41B USD
Total debt: 13.04B USD
Shareholders' equityWhat is a balance sheet? The balance sheet lists what a company owns (assets), what it owes (liabilities) and what is left for its shareholders (equity) on one date.: 8.20B USD

Cash, debt and equity as of 30 Sept 2026.

MercadoLibre earnings

Next earnings · Q4 FY2026

23 Feb 2027

EPS estimate

11.04 USD

Revenue estimate

12.03B USD

Last quarter · Q3 FY2026

EPS8.83Missed -4.7%Revenue10.75BBeat +0.6%

Revenue

ReportedEstimate

EPS

ReportedEstimate

Period	Report date	EPS estimate	Reported EPS	Surprise	EPS growth	Revenue estimate	Reported revenue	Surprise	Revenue growth
Q4 FY2026	23 Feb 2027	11.04	—	—	+0.09%	12.03B	—	—	+37.30%
Q3 FY2026	4 Nov 2026	9.27	8.83	-4.75%	+6.13%	10.69B	10.75B	+0.56%	+45.09%
Q2 FY2026	5 Aug 2026	8.65	9.19	+6.24%	-10.86%	9.79B	10.20B	+4.14%	+50.22%
Q1 FY2026	7 May 2026	8.75	8.23	-5.94%	-15.50%	8.29B	8.85B	+6.67%	+49.03%
Q4 FY2025	24 Feb 2026	11.45	11.03	-3.67%	-12.53%	8.45B	8.76B	+3.66%	+44.56%
Q3 FY2025	29 Oct 2025	9.12	8.32	-8.77%	+6.26%	7.22B	7.41B	+2.66%	+39.48%
Q2 FY2025	4 Aug 2025	11.93	10.31	-13.58%	-1.62%	6.67B	6.79B	+1.73%	+33.85%

Period	EPS estimate	Reported EPS	Surprise	EPS growth	Revenue estimate	Reported revenue	Surprise	Revenue growth
FY2028	76.09	—	—	+38.51%	67.03B	—	—	+23.95%
FY2027	54.93	—	—	+43.54%	54.08B	—	—	+29.08%
FY2026	38.27	—	—	-2.87%	41.90B	—	—	+45.01%
FY2025	40.41	39.40	-2.50%	+4.51%	28.64B	28.89B	+0.88%	+39.06%
FY2024	33.50	37.70	+12.52%	+92.94%	20.64B	20.78B	+0.67%	+43.56%
FY2023	22.96	19.54	-14.90%	+104.82%	14.34B	14.47B	+0.90%	+37.35%
FY2022	8.79	9.54	+8.52%	+255.97%	10.51B	10.54B	+0.25%	+49.05%

MercadoLibre growth and profitability

Full income statement

Revenue (TTM)What does TTM (trailing twelve months) mean? TTM (trailing twelve months) is a figure over the latest twelve months of reports: usually the last four quarters added together.: 38.52B USD
Net income (TTM)What is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.: 1.89B USD
Gross marginWhat are gross, operating and net profit margins? A profit margin is the share of revenue kept as profit: gross margin after the cost of sales, operating margin after running costs, net margin after all costs.: 42.02%
Operating margin: 7.42%
Net margin: 4.91%

Revenue / Net income

Revenue Net income Net margin

Period	Revenue	Growth	Net income	Growth	Gross margin	Operating margin	Net margin	EBITDA	Growth
FY2025	28.89B	+39.06%	2.00B	+4.50%	44.50%	11.08%	6.91%	3.81B	+18.48%
FY2024	20.78B	+37.53%	1.91B	+93.62%	46.09%	12.66%	9.20%	3.21B	+42.78%
FY2023	15.11B	+40.14%	987.00M	+104.77%	50.24%	14.61%	6.53%	2.25B	+70.79%
FY2022	10.78B	+52.50%	482.00M	+480.72%	48.22%	9.92%	4.47%	1.32B	+95.55%
FY2021	7.07B	+77.88%	83.00M	—	42.51%	6.24%	1.17%	674.00M	+130.03%

Period	Revenue	Net income	Gross margin	Operating margin	Net margin
Q3 FY2026	10.75B	448.00M	40.78%	6.29%	4.17%
Q2 FY2026	10.17B	466.00M	40.90%	6.72%	4.58%
Q1 FY2026	8.85B	417.00M	43.66%	6.91%	4.71%
Q4 FY2025	8.76B	559.00M	43.20%	10.15%	6.38%
Q3 FY2025	7.41B	421.00M	43.31%	9.77%	5.68%

How MercadoLibre makes its moneyWhat is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.

Service25.29B 87.5%

Product3.61B 12.5%

Revenue28.89B 100.0%

Cost of revenue16.04B 55.5%

Gross profit12.86B 44.5%

Research and development2.27B 7.9%

Selling and administration4.30B 14.9%

Other operating expenses3.09B 10.7%

Operating income3.20B 11.1%

Tax845.00M 2.9%

Other expense359.00M 1.2%

Net income2.00B 6.9%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

MercadoLibre revenue breakdown

By product

FY2025

87.5%Service12.5%Product

Segment	Revenue	Share of revenue	Change on the year
Service	25.29B	87.5%	+35.7%
Product	3.61B	12.5%	+68.6%

By region

FY2025

52.6%Brazil22.4%Mexico20.6%Argentina4.3%Other Countries

Region	Revenue	Share of revenue	Change on the year
Brazil	15.20B	52.6%	+33.3%
Mexico	6.48B	22.4%	+38.8%
Argentina	5.96B	20.6%	+56.2%
Other Countries	1.26B	4.3%	+41.2%

Operating and free cash flow

Full cash flow statement

Operating cash flow Free cash flow

Fiscal year	Operating cash flow	Free cash flow
FY2025	12.12B	10.77B
FY2024	7.92B	7.06B
FY2023	5.14B	4.63B
FY2022	2.94B	2.49B
FY2021	965.04M	355.55M
FY2020	1.18B	935.41M
FY2019	451.09M	314.22M
FY2018	230.91M	133.15M
FY2017	269.01M	194.13M
FY2016	190.26M	112.89M

MercadoLibre financial health

Full balance sheet

Cash and short-term investments: 7.41B USD
Total debt: 13.04B USD
Net cash: -5.62B USD
Free cash flow (TTM)What is free cash flow (FCF)? Free cash flow is the cash a company's operations bring in minus what it spends on long-term assets (capex): cash left for debt, dividends and buybacks.: 11.73B USD
Current ratioWhat is the current ratio? The current ratio is current assets divided by current liabilities: whether what a company will turn into cash within a year covers what it owes within a year.: 1.17
Debt to equityWhat is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.: 1.59
Piotroski scoreWhat is the Piotroski F-Score? The Piotroski F-Score rates a company's financial strength from 0 to 9: one point for each of nine tests of profit, debt and efficiency it passes.: 5 / 9
Altman Z-scoreWhat is the Altman Z-Score? The Altman Z-Score rolls five financial ratios into one number that signals a company's risk of bankruptcy: over 3 is safe, under 1.8 is distress.: 2.08

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow

Fiscal year	Cash and short-term investments	Total debt	Free cash flow
FY2025	6.30B	11.39B	10.77B
FY2024	3.75B	6.85B	7.06B
FY2023	3.75B	5.33B	4.63B
FY2022	3.03B	5.41B	2.49B
FY2021	2.79B	3.98B	355.55M

Assets, liabilities and equity

Total assets Total liabilities Shareholders' equity

Fiscal year	Total assets	Total liabilities	Shareholders' equity
FY2025	42.67B	35.92B	6.75B
FY2024	25.20B	20.85B	4.35B
FY2023	17.61B	14.54B	3.07B
FY2022	13.74B	11.91B	1.83B
FY2021	10.10B	8.57B	1.53B
FY2020	6.53B	4.87B	1.65B
FY2019	4.78B	2.70B	2.08B
FY2018	2.24B	1.90B	336.70M
FY2017	1.67B	1.35B	325.78M
FY2016	1.37B	938.58M	428.85M

MercadoLibre valuation

Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.: 40.50
Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.: 39.45
Price to sales (TTM)What is the P/S ratio? The price-to-sales ratio compares a company's market value with its revenue over the last year: what you pay for each dollar of sales.: 1.99
Price to bookWhat is the P/B ratio? The price-to-book ratio compares a company's market value with its book value, the shareholders' equity on its balance sheet.: 9.33
EV / EBITDA (TTM)What is EV/EBITDA? EV/EBITDA compares a company's whole value, debt included and cash taken off, with a year of its earnings before interest, tax and depreciation.: 21.20

Capital structureWhat is enterprise value? Enterprise value is what the whole business costs: the market value of its shares plus its debt minus its cash. It is the price behind EV/EBITDA.

Market capitalization

76.54B USD

Total debt

13.04B USD

−

Cash and short-term investments

7.41B USD

Enterprise value

82.16B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate

Fiscal year	P/E	Forward P/E	P/S	P/B	EV/EBITDA
FY2028 (est.)	19.84	—	—	—	—
FY2027 (est.)	27.48	19.84	—	—	—
FY2026 (est.)	39.45	27.48	—	—	—
Now (TTM)	40.50	28.72	1.99	9.33	21.20
FY2025	51.14	52.63	3.53	15.13	28.84
FY2024	45.12	42.09	4.15	19.81	28.13
FY2023	80.02	36.93	5.23	25.72	36.32
FY2022	88.43	36.93	3.95	23.32	34.98
FY2021	807.43	153.37	9.50	43.86	101.71

MercadoLibre against its own historyWhat does "against its own history" show? The company's latest margins, return on equity, growth, debt and P/E against its own last 5 years: the low, the median and the high, and whether this year is better or worse than usual.

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: O'Reilly Automotive, eBay, AutoZone, Williams-Sonoma, Coupang, and Ulta Beauty, the US Specialty Retail companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

P/E (today)Lowest in 5 years40.5
40.51,076.2
Gross marginBelow its median44.5%
42.5%50.2%
Against its peers: 5 of 7Peers' median 48.9%
Operating marginAt its median11.1%
6.2%14.6%
Against its peers: 6 of 7Peers' median 18.2%
Net marginAbove its median6.9%
1.2%9.2%
Against its peers: 6 of 7Peers' median 13.3%
Return on equityAt its median29.6%
5.4%43.9%
Against its peers: 4 of 5Peers' median 42.6%
Free cash flow marginHighest in 5 years37.3%
5.0%37.3%
Against its peers: 1 of 7Peers' median 8.9%
Revenue growthBelow its median39.1%
37.5%77.9%
Against its peers: 1 of 7Peers' median 7.7%
EPS growthLowest in 5 years4.5%
4.5%470.7%
Against its peers: 5 of 7Peers' median 7.4%
Debt to EBITDAAt its median2.99×
2.13×5.91×
Against its peers: 5 of 7Peers' median 2.31×
Current ratioLowest in 5 years1.17
1.171.40
Against its peers: 3 of 7Peers' median 1.07

Figure	FY2025	5-year low – high	Against its history	Against its peers
P/E (today)	40.5	40.51,076.2	Lowest in 5 years	—
Gross margin	44.5%	42.5%50.2%	Below its median	5 of 7
Operating margin	11.1%	6.2%14.6%	At its median	6 of 7
Net margin	6.9%	1.2%9.2%	Above its median	6 of 7
Return on equity	29.6%	5.4%43.9%	At its median	4 of 5
Free cash flow margin	37.3%	5.0%37.3%	Highest in 5 years	1 of 7
Revenue growth	39.1%	37.5%77.9%	Below its median	1 of 7
EPS growth	4.5%	4.5%470.7%	Lowest in 5 years	5 of 7
Debt to EBITDA	2.99×	2.13×5.91×	At its median	5 of 7
Current ratio	1.17	1.171.40	Lowest in 5 years	3 of 7

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

MercadoLibre dividends

Frequency: Quarterly
Last payment: 0.15 USD
Last ex-dividend dateWhat is the ex-dividend date? The ex-dividend date is the first day a stock trades without its next dividend: buy before it to receive the payment; buy on or after it and the seller gets it.: 28 Dec 2017
Last payment date: 16 Jan 2018

Dividends per share

Year	2018	2017	2016	2015	2014	2013	2012	2011
Dividends per share	0.15	0.60	0.55	0.48	0.64	0.54	0.41	0.24

MercadoLibre ownership

InstitutionsWhat is institutional ownership? Institutional ownership is the share of a company's stock held by funds, banks and other investment managers, as they report it each quarter on Form 13F.: 78.10%
Institutional holders: 1,522 (+1)
Free floatWhat is free float? Free float is the part of a company's shares that anyone can buy and sell: all its shares minus those held by insiders, founders and owners of over 5%.: 92.70%

Who owns the shares

Institutions 78.1% Others 21.9%

As of 30 Jun 2026

Shares free to trade

Free float 47.00M shares ·92.7% Closely held 3.70M shares ·7.3%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

Quarter	Purchases	Sales	Shares acquired	Shares disposed of
Q2 2026	3	0	1.38K	250.00
Q1 2026	1	0	57.00	0.00
Q4 2025	0	3	0.00	1.14K
Q3 2025	0	0	20.46K	20.00K

Shares outstanding

Basic shares Diluted shares Change in diluted shares

Fiscal year	Basic shares	Diluted shares	Change in diluted shares
FY2025	50.70M	50.70M	0.00%
FY2024	50.70M	50.70M	-0.61%
FY2023	50.26M	51.01M	-0.64%
FY2022	50.35M	51.34M	+3.08%
FY2021	49.80M	49.80M	+0.13%

Common questions about MercadoLibre's financials

Source: Financial Modeling Prep

MercadoLibre
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MELI

MercadoLibre financials

MercadoLibre earnings

Revenue

EPS

MercadoLibre growth and profitability

Revenue / Net income

How MercadoLibre makes its moneyWhat is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.

MercadoLibre revenue breakdown

By product

By region

Operating and free cash flow

MercadoLibre financial health

Cash, debt and free cash flow

Assets, liabilities and equity

MercadoLibre valuation

Capital structureWhat is enterprise value? Enterprise value is what the whole business costs: the market value of its shares plus its debt minus its cash. It is the price behind EV/EBITDA.

Valuation over time

MercadoLibre against its own historyWhat does "against its own history" show? The company's latest margins, return on equity, growth, debt and P/E against its own last 5 years: the low, the median and the high, and whether this year is better or worse than usual.

MercadoLibre dividends

Dividends per share

MercadoLibre ownership

Who owns the shares

Shares free to trade

Insider trading

Shares outstanding

Common questions about MercadoLibre's financials

Is MercadoLibre profitable?

Is MercadoLibre financially healthy?

Is MercadoLibre growing?

Where can I find MercadoLibre's annual report (10-K)?

Need help?

MercadoLibre DQuotes are delayed by 15 minutes

MELI

MercadoLibre financials

MercadoLibre earnings

Revenue

EPS

MercadoLibre growth and profitability

Revenue / Net income

How MercadoLibre makes its moneyWhat is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.

MercadoLibre revenue breakdown

By product

By region

Operating and free cash flow

MercadoLibre financial health

Cash, debt and free cash flow

Assets, liabilities and equity

MercadoLibre valuation

Capital structureWhat is enterprise value? Enterprise value is what the whole business costs: the market value of its shares plus its debt minus its cash. It is the price behind EV/EBITDA.

Valuation over time

MercadoLibre against its own historyWhat does "against its own history" show? The company's latest margins, return on equity, growth, debt and P/E against its own last 5 years: the low, the median and the high, and whether this year is better or worse than usual.

MercadoLibre dividends

Dividends per share

MercadoLibre ownership

Who owns the shares

Shares free to trade

Insider trading

Shares outstanding

Common questions about MercadoLibre's financials

Is MercadoLibre profitable?

Is MercadoLibre financially healthy?

Is MercadoLibre growing?

Where can I find MercadoLibre's annual report (10-K)?

Need help?

MercadoLibre
D
Quotes are delayed by 15 minutes