MELI
$1,728.53+0.21%
as of close, Sep 30, 2026
☾ AH $1,728.53 +0.21%
MercadoLibre Inc.Stock · Consumer DiscretionaryNasdaq-100 0.4%Nasdaq Composite 0.2%MSCI ACWI 0.08%MSCI World 0.08%
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.
As-reported fiscal years.
| Line item | Trend | 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+39.1% | 20.8B+37.5% | 15.1B+102.8% | 7.45B+30.5% | 5.71B+43.7% | |
| 12.9B+34.3% | 9.58B+26.2% | 7.59B+46.0% | 5.20B+73.0% | 3.00B+75.8% | ||
| Cost of revenue | 16.0B+43.2% | 11.2B+49.0% | 7.52B+34.7% | 5.58B+37.4% | 4.06B+79.4% | |
| 9.66B+39.0% | 6.95B+29.0% | 5.38B+30.4% | 4.13B+61.0% | 2.56B+62.2% | ||
| Research & development | 2.27B+17.3% | 1.93B+5.6% | 1.83B+66.6% | 1.10B+86.3% | 590M+67.1% | |
| Selling, general & administrative | 1.08B+11.9% | 963M+25.7% | 766M+15.9% | 661M+42.2% | 465M+42.2% | |
| General & administrative | 1.08B+11.9% | 963M+25.7% | 766M+15.9% | 661M+42.2% | 465M+42.2% | |
| Selling & marketing | 3.22B+46.9% | 2.19B+26.2% | 1.74B+34.0% | 1.30B+20.7% | 1.07B+39.8% | |
| Amortization of intangibles | 9.00M+80.0% | 5.00M-16.7% | 6.00M-33.3% | 9.00M+50.0% | 6.00M+20.0% | |
| Provision for credit losses | 3.09B+66.4% | 1.86B+77.0% | 1.05B-2.1% | 1.07B+146.7% | 435M+227.1% | |
| Operating income | 3.20B+21.7% | 2.63B+19.2% | 2.21B+106.5% | 1.07B+142.4% | 441M+244.5% | |
| Interest & investment income | 138M-6.8% | 148M+9.6% | 135M+206.8% | 44.0M-68.1% | 138M+34.0% | |
| Pre-tax income | 2.84B+16.9% | 2.43B+56.6% | 1.55B+99.1% | 780M+223.7% | 241M+197.5% | |
| Income tax | 845M+62.2% | 521M-8.4% | 569M+90.9% | 298M+100.0% | 149M+81.7% | |
| 2.00B+4.5% | 1.91B+93.6% | 987M+104.8% | 482M+480.7% | 83.0M+8400.0% | ||
| Net income to common | — | 1.91B+93.6% | 987M+104.8% | 482M+480.7% | 83.0M+2175.0% | |
| $39.40+4.5% | $37.69+93.7% | $19.46+104.2% | $9.53+470.7% | $1.67+2187.5% | ||
| EPS (basic) | $39.40+4.5% | $37.69+91.9% | $19.64+105.2% | $9.57+473.1% | $1.67+2187.5% | |
| Weighted-avg shares (basic) | 50.7M-0.0% | 50.7M+0.9% | 50.3M-0.2% | 50.3M+1.1% | 49.8M+0.1% | |
| Weighted-avg shares (diluted) | 50.7M-0.0% | 50.7M-0.6% | 51.0M-0.6% | 51.3M+3.1% | 49.8M+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+66.7% | 20.1B+41.2% | 14.3B+30.2% | 11.0B+34.0% | 8.18B+52.9% | ||
| Cash & equivalents | 3.67B+39.3% | 2.63B+3.1% | 2.56B+33.8% | 1.91B-26.1% | 2.58B+39.2% | |
| Short-term investments | 2.63B-41.4% | 4.49B+28.9% | 3.48B+48.8% | 2.34B+188.8% | 810M-34.7% | |
| Accounts receivable | 369M+44.7% | 255M+63.5% | 156M+20.0% | 130M+32.7% | 98.0M+97.2% | |
| Inventory | 570M+92.6% | 296M+24.4% | 238M+56.6% | 152M-39.9% | 253M+114.2% | |
| Prepaid expenses | 69.0M+50.0% | 46.0M+70.4% | 27.0M-28.9% | 38.0M-5.0% | 40.0M+41.0% | |
| Other current assets | 720M+78.7% | 403M+45.5% | 277M-8.9% | 304M+5.6% | 288M+88.3% | |
| 42.7B+69.3% | 25.2B+43.1% | 17.6B+28.2% | 13.7B+36.0% | 10.1B+54.8% | ||
| Property, plant & equipment | 2.30B+66.9% | 1.38B+10.4% | 1.25B+25.9% | 993M+23.0% | 807M+106.0% | |
| Operating lease right-of-use | 2.20B+100.5% | 1.10B+22.1% | 899M+37.0% | 656M+42.3% | 461M+52.0% | |
| Goodwill | 163M+9.4% | 149M-8.6% | 163M+6.5% | 153M+3.4% | 148M+74.1% | |
| Intangible assets | 33.0M+175.0% | 12.0M+9.1% | 11.0M-56.0% | 25.0M-44.4% | 45.0M+217.9% | |
| Long-term investments | 1.76B+46.6% | 1.20B+642.6% | 162M-49.7% | 322M+261.8% | 89.0M-46.4% | |
| Deferred tax assets | 1.54B+92.1% | 802M+13.0% | 710M+105.2% | 346M+91.2% | 181M+34.2% | |
| Other non-current assets | 426M+134.1% | 182M+167.6% | 68.0M-73.4% | 256M+91.0% | 134M+98.2% | |
| Total non-current assets | 9.09B+79.9% | 5.05B+50.8% | 3.35B+20.4% | 2.78B+44.5% | 1.93B+63.3% | |
| 28.6B+72.5% | 16.6B+47.4% | 11.3B+31.5% | 8.56B+46.7% | 5.84B+60.5% | ||
| Accrued liabilities | 4.50B+40.9% | 3.20B+51.0% | 2.12B+52.0% | 1.39B+34.5% | 1.04B+35.0% | |
| Deferred revenue | 133M+72.7% | 77.0M+51.0% | 51.0M+15.9% | 44.0M | — | |
| Short-term & current debt | 4.62B+63.5% | 2.83B+23.4% | 2.29B+7.6% | 2.13B+65.8% | 1.28B+134.3% | |
| Current lease liability | 430M+78.4% | 241M+45.2% | 166M+16.9% | 142M+54.3% | 92.0M+66.5% | |
| Other current liabilities | 409M+95.7% | 209M+75.6% | 119M-7.8% | 129M+43.3% | 90.0M-17.1% | |
| Finance lease liability (current) | 48.0M+17.1% | 41.0M+17.1% | 35.0M+150.0% | 14.0M+40.0% | 10.0M+35.2% | |
| 35.9B+72.3% | 20.8B+43.4% | 14.5B+22.1% | 11.9B+39.0% | 8.57B+75.8% | ||
| Long-term debt | 9.19B+60.9% | 5.71B+27.1% | 4.50B-5.5% | 4.76B+35.2% | 3.52B+308.7% | |
| Non-current lease liability | 1.77B+97.9% | 894M+33.0% | 672M+30.7% | 514M+38.2% | 372M+52.7% | |
| Operating lease liability (total) | 2.20B+93.7% | 1.14B+35.4% | 838M+27.7% | 656M+41.4% | 464M+55.3% | |
| Finance lease liability (total) | 130M+6.6% | 122M-6.9% | 131M+156.9% | 51.0M+10.9% | 46.0M+94.5% | |
| Finance lease liability | 82.0M+1.2% | 81.0M-15.6% | 96.0M+159.5% | 37.0M+2.8% | 36.0M+121.4% | |
| Deferred tax liabilities | 372M+82.4% | 204M+11.5% | 183M+72.6% | 106M+71.0% | 62.0M-3.7% | |
| Other non-current liabilities | 388M+79.6% | 216M+8.0% | 200M+110.5% | 95.0M+53.2% | 62.0M+207.1% | |
| Total non-current liabilities | 7.29B+71.8% | 4.24B+29.4% | 3.28B-2.1% | 3.35B+22.5% | 2.73B+120.6% | |
| 6.75B+55.1% | 4.35B+41.7% | 3.07B+68.1% | 1.83B+19.3% | 1.53B-7.3% | ||
| Common stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Additional paid-in capital | 1.77B+0.1% | 1.77B+0.0% | 1.77B-23.3% | 2.31B-5.3% | 2.44B+31.1% | |
| Retained earnings | 5.81B+52.4% | 3.81B+100.5% | 1.90B+108.2% | 913M+130.0% | 397M+26.4% | |
| Treasury stock | 312M+0.3% | 311M+0.3% | 310M-66.7% | 931M+17.8% | 790M+1341.5% | |
| Accumulated other comprehensive income | -520M+43.5% | -920M-217.2% | -290M+37.5% | -464M+9.9% | -515M-10.0% | |
| Total liabilities & equity | 42.7B+69.3% | 25.2B+43.1% | 17.6B+28.2% | 13.7B+36.0% | 10.1B+54.8% | |
| Common shares issued | 50.7M-0.0% | 50.7M-0.0% | 50.7M+0.9% | 50.3M-0.3% | 50.4M+1.1% | |
| Common shares outstanding | 50.7M-0.0% | 50.7M-0.0% | 50.7M+0.9% | 50.3M-0.3% | 50.4M+1.1% | |
| Shares outstanding (cover) | 50.7M-0.0% | 50.7M-0.0% | 50.7M+0.9% | 50.3M-0.3% | 50.4M+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+53.0% | 7.92B+54.0% | 5.14B+74.8% | 2.94B+204.7% | 965M-18.4% | ||
| Depreciation & amortization | 818M+32.6% | 617M+17.7% | 524M+30.0% | 403M+97.5% | 204M+94.3% | |
| Intangible amortization | 9.00M+80.0% | 5.00M-16.7% | 6.00M-33.3% | 9.00M+50.0% | 6.00M+20.0% | |
| Deferred income taxes | -469M-93.0% | -243M+14.4% | -284M-192.8% | -97.0M-234.5% | -29.0M+58.6% | |
| Change in receivables | 1.51B-43.9% | 2.69B+90.2% | 1.41B+1890.1% | 71.0M+173.1% | 26.0M+316.7% | |
| Change in inventory | 235M+108.0% | 113M+63.8% | 69.0M+160.5% | -114M-180.3% | 142M+32.7% | |
| -6.18B+25.4% | -8.29B-140.2% | -3.45B+10.9% | -3.87B-142.4% | -1.60B-533.7% | ||
| Capital expenditure | 1.34B+56.2% | 860M+69.0% | 509M+12.1% | 454M-20.8% | 573M+132.0% | |
| Free cash flow | 10.8B+52.6% | 7.06B+52.4% | 4.63B+86.3% | 2.49B+534.2% | 392M-58.1% | |
| Acquisitions | 0.00-100.0% | 6.00M | 0.00 | 0.00-100.0% | 51.0M+628.6% | |
| Purchases of investments | 14.8B-11.7% | 16.7B-11.8% | 18.9B+49.2% | 12.7B+72.2% | 7.37B+41.8% | |
| Sales/maturities of investments | 16.6B+18.8% | 14.0B-22.9% | 18.1B+64.2% | 11.0B+41.3% | 7.80B+41.0% | |
| 2.90B+48.2% | 1.96B+833.7% | -267M-129.1% | 916M-52.4% | 1.93B+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 | 0.00-100.0% | 1.52B | |
| Common stock repurchased | 1.00M+0.0% | 1.00M-99.7% | 356M+140.5% | 148M-69.5% | 486M+800.0% | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| FX effect on cash | -3.00M+99.6% | -739M+21.2% | -938M-247.4% | -270M-76.5% | -153M-33.0% | |
| Net change in cash | 8.84B+938.5% | 851M+75.5% | 485M+270.2% | -285M-125.0% | 1.14B+7.9% | |
| Interest paid | 611M+34.0% | 456M-25.0% | 608M+146.2% | 247M+325.9% | 58.0M+7.4% | |
| Income taxes paid | 1.01B-3.7% | 1.05B+61.6% | 651M+49.0% | 437M+55.0% | 282M+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+18.5% | 86.2B+8.5% | 79.5B+86.7% | 42.6B-37.4% | 68.0B-18.6% | |
| P/E | 51.1×+13.4% | 45.1×-44.0% | 80.5×-48.7% | 157.1×-80.8% | 819.1× | |
| P/S | 3.5×-14.8% | 4.1×-61.1% | 10.7×+142.2% | 4.4×-63.0% | 11.9×-43.4% | |
| P/B | 15.1×-23.6% | 19.8×-31.7% | 29.0×+11.1% | 26.1×-41.2% | 44.4×-12.2% | |
| P/FCF | 9.5×-22.4% | 12.2×-33.7% | 18.4×-30.4% | 26.5×-84.7% | 173.4×+94.1% | |
| Earnings yield | 2.0%-11.8% | 2.2%+78.5% | 1.2%+95.1% | 0.64%+421.5% | 0.12% | |
| FCF yield | 10.5%+28.9% | 8.2%+50.8% | 5.4%+43.6% | 3.8%+555.6% | 0.58%-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.