MELI financial statements

The full income statement, balance sheet, and cash-flow statement for MercadoLibre Inc. (MELI), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 50.7M2024-09 50.7M2024-12 50.7M2025-03 50.7M2025-06 50.7M2025-09 50.7M2025-12 50.7M2026-03 50.7M2026-06 50.7M-0.0% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	28.9B YoY+39.1%	20.8B YoY+37.5%	15.1B YoY+102.8%	7.45B YoY+30.5%	5.71B YoY+43.7%
	12.9B YoY+34.3%	9.58B YoY+26.2%	7.59B YoY+46.0%	5.20B YoY+73.0%	3.00B YoY+75.8%
Cost of revenue	16.0B YoY+43.2%	11.2B YoY+49.0%	7.52B YoY+34.7%	5.58B YoY+37.4%	4.06B YoY+79.4%
	9.66B YoY+39.0%	6.95B YoY+29.0%	5.38B YoY+30.4%	4.13B YoY+61.0%	2.56B YoY+62.2%
Research & development	2.27B YoY+17.3%	1.93B YoY+5.6%	1.83B YoY+66.6%	1.10B YoY+86.3%	590M YoY+67.1%
Selling, general & administrative	1.08B YoY+11.9%	963M YoY+25.7%	766M YoY+15.9%	661M YoY+42.2%	465M YoY+42.2%
General & administrative	1.08B YoY+11.9%	963M YoY+25.7%	766M YoY+15.9%	661M YoY+42.2%	465M YoY+42.2%
Selling & marketing	3.22B YoY+46.9%	2.19B YoY+26.2%	1.74B YoY+34.0%	1.30B YoY+20.7%	1.07B YoY+39.8%
Amortization of intangibles	9.00M YoY+80.0%	5.00M YoY-16.7%	6.00M YoY-33.3%	9.00M YoY+50.0%	6.00M YoY+20.0%
Provision for credit losses	3.09B YoY+66.4%	1.86B YoY+77.0%	1.05B YoY-2.1%	1.07B YoY+146.7%	435M YoY+227.1%
Operating income	3.20B YoY+21.7%	2.63B YoY+19.2%	2.21B YoY+106.5%	1.07B YoY+142.4%	441M YoY+244.5%
Interest & investment income	138M YoY-6.8%	148M YoY+9.6%	135M YoY+206.8%	44.0M YoY-68.1%	138M YoY+34.0%
Pre-tax income	2.84B YoY+16.9%	2.43B YoY+56.6%	1.55B YoY+99.1%	780M YoY+223.7%	241M YoY+197.5%
Income tax	845M YoY+62.2%	521M YoY-8.4%	569M YoY+90.9%	298M YoY+100.0%	149M YoY+81.7%
	2.00B YoY+4.5%	1.91B YoY+93.6%	987M YoY+104.8%	482M YoY+480.7%	83.0M YoY+8400.0%
Net income to common	—	1.91B YoY+93.6%	987M YoY+104.8%	482M YoY+480.7%	83.0M YoY+2175.0%
	$39.40 YoY+4.5%	$37.69 YoY+93.7%	$19.46 YoY+104.2%	$9.53 YoY+470.7%	$1.67 YoY+2187.5%
EPS (basic)	$39.40 YoY+4.5%	$37.69 YoY+91.9%	$19.64 YoY+105.2%	$9.57 YoY+473.1%	$1.67 YoY+2187.5%
	50.7M YoY-0.0%	50.7M YoY+0.9%	50.3M YoY-0.2%	50.3M YoY+1.1%	49.8M YoY+0.1%
	50.7M YoY-0.0%	50.7M YoY-0.6%	51.0M YoY-0.6%	51.3M YoY+3.1%	49.8M YoY+0.1%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	33.6B YoY+66.7%	20.1B YoY+41.2%	14.3B YoY+30.2%	11.0B YoY+34.0%	8.18B YoY+52.9%
Cash & equivalents	3.67B YoY+39.3%	2.63B YoY+3.1%	2.56B YoY+33.8%	1.91B YoY-26.1%	2.58B YoY+39.2%
Short-term investments	2.63B YoY-41.4%	4.49B YoY+28.9%	3.48B YoY+48.8%	2.34B YoY+188.8%	810M YoY-34.7%
Accounts receivable	369M YoY+44.7%	255M YoY+63.5%	156M YoY+20.0%	130M YoY+32.7%	98.0M YoY+97.2%
Inventory	570M YoY+92.6%	296M YoY+24.4%	238M YoY+56.6%	152M YoY-39.9%	253M YoY+114.2%
Prepaid expenses	69.0M YoY+50.0%	46.0M YoY+70.4%	27.0M YoY-28.9%	38.0M YoY-5.0%	40.0M YoY+41.0%
Other current assets	720M YoY+78.7%	403M YoY+45.5%	277M YoY-8.9%	304M YoY+5.6%	288M YoY+88.3%
	42.7B YoY+69.3%	25.2B YoY+43.1%	17.6B YoY+28.2%	13.7B YoY+36.0%	10.1B YoY+54.8%
Property, plant & equipment	2.30B YoY+66.9%	1.38B YoY+10.4%	1.25B YoY+25.9%	993M YoY+23.0%	807M YoY+106.0%
Operating lease right-of-use	2.20B YoY+100.5%	1.10B YoY+22.1%	899M YoY+37.0%	656M YoY+42.3%	461M YoY+52.0%
Goodwill	163M YoY+9.4%	149M YoY-8.6%	163M YoY+6.5%	153M YoY+3.4%	148M YoY+74.1%
Intangible assets	33.0M YoY+175.0%	12.0M YoY+9.1%	11.0M YoY-56.0%	25.0M YoY-44.4%	45.0M YoY+217.9%
Long-term investments	1.76B YoY+46.6%	1.20B YoY+642.6%	162M YoY-49.7%	322M YoY+261.8%	89.0M YoY-46.4%
Deferred tax assets	1.54B YoY+92.1%	802M YoY+13.0%	710M YoY+105.2%	346M YoY+91.2%	181M YoY+34.2%
Other non-current assets	426M YoY+134.1%	182M YoY+167.6%	68.0M YoY-73.4%	256M YoY+91.0%	134M YoY+98.2%
Total non-current assets	9.09B YoY+79.9%	5.05B YoY+50.8%	3.35B YoY+20.4%	2.78B YoY+44.5%	1.93B YoY+63.3%
	28.6B YoY+72.5%	16.6B YoY+47.4%	11.3B YoY+31.5%	8.56B YoY+46.7%	5.84B YoY+60.5%
Accrued liabilities	4.50B YoY+40.9%	3.20B YoY+51.0%	2.12B YoY+52.0%	1.39B YoY+34.5%	1.04B YoY+35.0%
Deferred revenue	133M YoY+72.7%	77.0M YoY+51.0%	51.0M YoY+15.9%	44.0M	—
Short-term & current debt	4.62B YoY+63.5%	2.83B YoY+23.4%	2.29B YoY+7.6%	2.13B YoY+65.8%	1.28B YoY+134.3%
Current lease liability	430M YoY+78.4%	241M YoY+45.2%	166M YoY+16.9%	142M YoY+54.3%	92.0M YoY+66.5%
Other current liabilities	409M YoY+95.7%	209M YoY+75.6%	119M YoY-7.8%	129M YoY+43.3%	90.0M YoY-17.1%
Finance lease liability (current)	48.0M YoY+17.1%	41.0M YoY+17.1%	35.0M YoY+150.0%	14.0M YoY+40.0%	10.0M YoY+35.2%
	35.9B YoY+72.3%	20.8B YoY+43.4%	14.5B YoY+22.1%	11.9B YoY+39.0%	8.57B YoY+75.8%
Long-term debt	9.19B YoY+60.9%	5.71B YoY+27.1%	4.50B YoY-5.5%	4.76B YoY+35.2%	3.52B YoY+308.7%
Non-current lease liability	1.77B YoY+97.9%	894M YoY+33.0%	672M YoY+30.7%	514M YoY+38.2%	372M YoY+52.7%
Operating lease liability (total)	2.20B YoY+93.7%	1.14B YoY+35.4%	838M YoY+27.7%	656M YoY+41.4%	464M YoY+55.3%
Finance lease liability (total)	130M YoY+6.6%	122M YoY-6.9%	131M YoY+156.9%	51.0M YoY+10.9%	46.0M YoY+94.5%
Finance lease liability	82.0M YoY+1.2%	81.0M YoY-15.6%	96.0M YoY+159.5%	37.0M YoY+2.8%	36.0M YoY+121.4%
Deferred tax liabilities	372M YoY+82.4%	204M YoY+11.5%	183M YoY+72.6%	106M YoY+71.0%	62.0M YoY-3.7%
Other non-current liabilities	388M YoY+79.6%	216M YoY+8.0%	200M YoY+110.5%	95.0M YoY+53.2%	62.0M YoY+207.1%
Total non-current liabilities	7.29B YoY+71.8%	4.24B YoY+29.4%	3.28B YoY-2.1%	3.35B YoY+22.5%	2.73B YoY+120.6%
	6.75B YoY+55.1%	4.35B YoY+41.7%	3.07B YoY+68.1%	1.83B YoY+19.3%	1.53B YoY-7.3%
Common stock	0.00	0.00	0.00	0.00	0.00 YoY-100.0%
Additional paid-in capital	1.77B YoY+0.1%	1.77B YoY+0.0%	1.77B YoY-23.3%	2.31B YoY-5.3%	2.44B YoY+31.1%
Retained earnings	5.81B YoY+52.4%	3.81B YoY+100.5%	1.90B YoY+108.2%	913M YoY+130.0%	397M YoY+26.4%
Treasury stock	312M YoY+0.3%	311M YoY+0.3%	310M YoY-66.7%	931M YoY+17.8%	790M YoY+1341.5%
Accumulated other comprehensive income	-520M YoY+43.5%	-920M YoY-217.2%	-290M YoY+37.5%	-464M YoY+9.9%	-515M YoY-10.0%
Total liabilities & equity	42.7B YoY+69.3%	25.2B YoY+43.1%	17.6B YoY+28.2%	13.7B YoY+36.0%	10.1B YoY+54.8%
	50.7M YoY-0.0%	50.7M YoY-0.0%	50.7M YoY+0.9%	50.3M YoY-0.3%	50.4M YoY+1.1%
	50.7M YoY-0.0%	50.7M YoY-0.0%	50.7M YoY+0.9%	50.3M YoY-0.3%	50.4M YoY+1.1%
	50.7M YoY-0.0%	50.7M YoY-0.0%	50.7M YoY+0.9%	50.3M YoY-0.3%	50.4M YoY+1.1%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	12.1B YoY+53.0%	7.92B YoY+54.0%	5.14B YoY+74.8%	2.94B YoY+204.7%	965M YoY-18.4%
Depreciation & amortization	818M YoY+32.6%	617M YoY+17.7%	524M YoY+30.0%	403M YoY+97.5%	204M YoY+94.3%
Intangible amortization	9.00M YoY+80.0%	5.00M YoY-16.7%	6.00M YoY-33.3%	9.00M YoY+50.0%	6.00M YoY+20.0%
Deferred income taxes	-469M YoY-93.0%	-243M YoY+14.4%	-284M YoY-192.8%	-97.0M YoY-234.5%	-29.0M YoY+58.6%
Change in receivables	1.51B YoY-43.9%	2.69B YoY+90.2%	1.41B YoY+1890.1%	71.0M YoY+173.1%	26.0M YoY+316.7%
Change in inventory	235M YoY+108.0%	113M YoY+63.8%	69.0M YoY+160.5%	-114M YoY-180.3%	142M YoY+32.7%
	-6.18B YoY+25.4%	-8.29B YoY-140.2%	-3.45B YoY+10.9%	-3.87B YoY-142.4%	-1.60B YoY-533.7%
Capital expenditure	1.34B YoY+56.2%	860M YoY+69.0%	509M YoY+12.1%	454M YoY-20.8%	573M YoY+132.0%
Free cash flow	10.8B YoY+52.6%	7.06B YoY+52.4%	4.63B YoY+86.3%	2.49B YoY+534.2%	392M YoY-58.1%
Acquisitions	0.00 YoY-100.0%	6.00M	0.00	0.00 YoY-100.0%	51.0M YoY+628.6%
Purchases of investments	14.8B YoY-11.7%	16.7B YoY-11.8%	18.9B YoY+49.2%	12.7B YoY+72.2%	7.37B YoY+41.8%
Sales/maturities of investments	16.6B YoY+18.8%	14.0B YoY-22.9%	18.1B YoY+64.2%	11.0B YoY+41.3%	7.80B YoY+41.0%
	2.90B YoY+48.2%	1.96B YoY+833.7%	-267M YoY-129.1%	916M YoY-52.4%	1.93B YoY+695.5%
Long-term debt issued	0.00	0.00	0.00	0.00	0.00
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	0.00	0.00	0.00	0.00 YoY-100.0%	1.52B
Common stock repurchased	1.00M YoY+0.0%	1.00M YoY-99.7%	356M YoY+140.5%	148M YoY-69.5%	486M YoY+800.0%
Dividends paid	0.00	0.00	0.00	0.00	0.00
FX effect on cash	-3.00M YoY+99.6%	-739M YoY+21.2%	-938M YoY-247.4%	-270M YoY-76.5%	-153M YoY-33.0%
Net change in cash	8.84B YoY+938.5%	851M YoY+75.5%	485M YoY+270.2%	-285M YoY-125.0%	1.14B YoY+7.9%
Interest paid	611M YoY+34.0%	456M YoY-25.0%	608M YoY+146.2%	247M YoY+325.9%	58.0M YoY+7.4%
Income taxes paid	1.01B YoY-3.7%	1.05B YoY+61.6%	651M YoY+49.0%	437M YoY+55.0%	282M YoY+101.4%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	102B YoY+18.5%	86.2B YoY+8.5%	79.5B YoY+86.7%	42.6B YoY-37.4%	68.0B YoY-18.6%
P/E	51.1× YoY+13.4%	45.1× YoY-44.0%	80.5× YoY-48.7%	157.1× YoY-80.8%	819.1×
P/S	3.5× YoY-14.8%	4.1× YoY-61.1%	10.7× YoY+142.2%	4.4× YoY-63.0%	11.9× YoY-43.4%
P/B	15.1× YoY-23.6%	19.8× YoY-31.7%	29.0× YoY+11.1%	26.1× YoY-41.2%	44.4× YoY-12.2%
P/FCF	9.5× YoY-22.4%	12.2× YoY-33.7%	18.4× YoY-30.4%	26.5× YoY-84.7%	173.4× YoY+94.1%
	2.0% YoY-11.8%	2.2% YoY+78.5%	1.2% YoY+95.1%	0.64% YoY+421.5%	0.12%
	10.5% YoY+28.9%	8.2% YoY+50.8%	5.4% YoY+43.6%	3.8% YoY+555.6%	0.58% YoY-48.5%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: MELI's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MELI filings on SEC EDGAR → Not investment advice.