MercadoLibre
MELI
1,872.78
+14.79
+0.80%
MercadoLibre
US · MELI
#232 by market cap
Listed 1970
1,872.78
+14.79
+0.80%
Live - 5344 symbols - heartbeat 58s ago
· 2026-10-08 06:58
Pre-market
1,867.07
-0.30%
After-hours
1,875.00
+0.12%
Overnight
1,853.35
-1.04%
- Market cap
- 94.94B
- P/E (TTM)i
- 50.95
- P/Bi
- 12.12
- EPSi
- 39.40
- Div yieldi
- 0.00%
- 52W posi
- 40%
Reader sentiment
Are you bullish or bearish on MELI?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Fair
- Altman Z-Score is 2.84, in the 1.8-3.0 "grey zone".
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +39.06% YoY
Margins
- Gross margin
- 44.50%
- Operating margin
- 11.08%
- Net margin
- 6.91%
Key ratios & quality
- Enterprise valuei
- 98.97B
- PEG ratioi
- 0.84
- Altman Z-Scorei
- 2.84
PEG uses trailing P/E against the 3-year net income growth rate (60.61%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.44B | 2.30B | 3.97B | 7.07B | 10.78B | 15.11B | 20.78B | 28.89B |
| Gross profit | 697.01M | 1.10B | 1.71B | 3.01B | 5.20B | 7.59B | 9.58B | 12.86B |
| Selling & admin expenses | 620.22M | 1.03B | 1.10B | 1.54B | 1.96B | 2.50B | 3.15B | 4.30B |
| Research & development | 146.27M | 223.81M | 353.00M | 590.00M | 1.10B | 1.83B | 1.93B | 2.27B |
| Operating profit | -69.48M | -153.16M | 128.00M | 441.00M | 1.07B | 2.21B | 2.63B | 3.20B |
| Pretax profit | -65.45M | -107.25M | 81.00M | 241.00M | 780.00M | 1.55B | 2.43B | 2.84B |
| Tax | -28.87M | 64.75M | 82.00M | 149.00M | 298.00M | 569.00M | 521.00M | 845.00M |
| Net profit | -36.59M | -172.00M | -1.00M | 83.00M | 482.00M | 987.00M | 1.91B | 2.00B |
| Basic EPS | -1 | -4 | 0 | 2 | 10 | 20 | 38 | 39 |
| Diluted EPS | -0.82 | -3.71 | -0.08 | 1.67 | 9.53 | 19.46 | 37.69 | 39.40 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 5.94B | 6.79B | 7.41B | 8.76B | 8.85B | 10.17B |
| Gross profit | 2.77B | 3.09B | 3.21B | 3.78B | 3.86B | 4.16B |
| Selling & admin expenses | 854.00M | 1.01B | 1.10B | 1.33B | 1.31B | 1.47B |
| Research & development | 551.00M | 567.00M | 567.00M | 584.00M | 699.00M | 729.00M |
| Operating profit | 763.00M | 825.00M | 724.00M | 889.00M | 611.00M | 683.00M |
| Pretax profit | 706.00M | 716.00M | 636.00M | 784.00M | 579.00M | 606.00M |
| Tax | 212.00M | 193.00M | 215.00M | 225.00M | 162.00M | 140.00M |
| Net profit | 494.00M | 523.00M | 421.00M | 559.00M | 417.00M | 466.00M |
| Basic EPS | 10 | 10 | 8 | 11 | 8 | 9 |
| Diluted EPS | 9.74 | 10.31 | 8.32 | 11.03 | 8.23 | 9.19 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 1.51B | 3.79B | 5.35B | 8.18B | 10.95B | 14.26B | 20.14B | 33.57B |
| Cash & ST investments | 901.87M | 2.98B | 2.46B | 2.79B | 3.03B | 3.75B | 3.75B | 5.51B |
| Inventory | 4.61M | 8.63M | 118.14M | 253.00M | 152.00M | 238.00M | 296.00M | 570.00M |
| Total assets | 2.24B | 4.78B | 6.53B | 10.10B | 13.74B | 17.61B | 25.20B | 42.67B |
| Total current liabilities | 1.17B | 1.75B | 3.64B | 5.84B | 8.56B | 11.26B | 16.60B | 28.63B |
| Short-term debt | 132.95M | 209.40M | 603.64M | 1.38B | 2.27B | 2.46B | 3.07B | 5.05B |
| Long-term debt | 596.57M | 623.99M | 844.62M | 2.20B | 2.59B | 2.11B | 2.81B | 4.49B |
| Total liabilities | 1,902,819,000.00 | 2,699,728,000.00 | 4,874,754,000.00 | 8,570,000,000.00 | 11,909,000,000.00 | 14,541,000,000.00 | 20,845,000,000.00 | 35,919,000,000.00 |
| Total equity | 336.70M | 2.08B | 1.65B | 1.53B | 1.83B | 3.07B | 4.35B | 6.75B |
| Retained earnings | 503.43M | 322.59M | 314.12M | 397.00M | 913.00M | 1.90B | 3.81B | 5.81B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 21.74B | 26.06B | 28.80B | 33.57B | 37.12B | 40.78B |
| Cash & ST investments | 3.72B | 3.97B | 4.08B | 5.51B | 5.46B | 5.53B |
| Inventory | 358.00M | 434.00M | 532.00M | 570.00M | 677.00M | 822.00M |
| Total assets | 27.68B | 32.95B | 36.69B | 42.67B | 46.93B | 51.36B |
| Total current liabilities | 18.07B | 21.75B | 24.52B | 28.63B | 31.97B | 36.37B |
| Short-term debt | 3.85B | 4.16B | 4.83B | 5.05B | 5.79B | 7.00B |
| Long-term debt | 2.79B | 3.41B | 3.34B | 4.49B | 4.54B | 4.08B |
| Total liabilities | 22,678,000,000.00 | 27,235,000,000.00 | 30,473,000,000.00 | 35,919,000,000.00 | 39,653,000,000.00 | 43,522,000,000.00 |
| Total equity | 5.00B | 5.71B | 6.22B | 6.75B | 7.28B | 7.83B |
| Retained earnings | 4.31B | 4.83B | 5.25B | 5.81B | 6.23B | 6.69B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 230.91M | 451.09M | 1.18B | 965.00M | 2.94B | 5.14B | 7.92B | 12.12B |
| Depreciation & amortization | 45.79M | 73.32M | 105.00M | 204.00M | 403.00M | 524.00M | 617.00M | 818.00M |
| Free cash flow | 133.15M | 314.22M | 935.00M | 356.00M | 2.49B | 4.63B | 7.06B | 10.77B |
| Dividends paid | -6.62M | -2.84M | -3.00M | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 0 | 1.87B | -54.00M | 1.03B | -148.00M | -356.00M | -1.00M | -1.00M |
| Ending cash balance | 464.70M | 1.45B | 2.51B | 3.65B | 3.36B | 3.85B | 4.70B | 13.54B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 1.03B | 2.92B | 2.96B | 5.21B | 2.08B | 3.66B |
| Depreciation & amortization | 172.00M | 199.00M | 209.00M | 238.00M | 246.00M | 292.00M |
| Free cash flow | 759.00M | 2.63B | 2.60B | 4.78B | 1.80B | 3.22B |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | -- | -1.00M | 0 | -- | -- |
| Ending cash balance | 4.50B | 6.89B | 9.20B | 13.54B | 15.14B | 16.76B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -11.04 | -15.59 | -0.22 | 5.23 | 28.70 | 40.30 | 51.50 | 35.99 |
| ROA %i | -1.87 | -5.15 | -0.07 | 1.00 | 4.04 | 6.29 | 8.92 | 5.89 |
| ROIC %i | -3.08 | -10.43 | -0.04 | 3.45 | 8.49 | 9.82 | 19.63 | 13.72 |
| 5-year avg ROE %i | 15.86 | 8.59 | 2.46 | -3.60 | 1.41 | 11.68 | 25.10 | 32.34 |
| EBIT margin %i | -0.64 | -1.80 | 4.73 | 6.64 | 10.45 | 13.34 | 12.50 | 10.39 |
| FCF / sales %i | 9.25 | 13.68 | 23.54 | 5.03 | 23.58 | 32.00 | 33.97 | 37.29 |
| Current ratioi | 1.30 | 2.16 | 1.47 | 1.40 | 1.28 | 1.27 | 1.21 | 1.17 |
| Quick ratioi | 1.24 | 2.09 | 1.06 | 1.05 | 0.93 | 0.92 | 0.86 | 0.77 |
| Debt / assetsi | 32.83 | 21.28 | 26.17 | 39.42 | 39.41 | 30.28 | 27.19 | 26.70 |
| LT debt / equityi | 178.86 | 40.75 | 66.87 | 170.15 | 171.92 | 93.62 | 86.90 | 93.94 |
| Interest coveragei | -0.16 | -0.63 | 1.76 | 2.05 | 3.43 | 5.11 | 15.74 | 18.76 |
| Revenue CAGR (3Y) %i | 30.23 | 39.58 | 48.38 | 69.97 | 67.44 | 56.07 | 43.24 | 38.91 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | 184.49 | 60.61 |
| FCF CAGR (3Y) %i | -5.36 | 40.67 | 68.88 | 38.79 | 99.23 | 70.46 | 170.65 | 63.06 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 49.11 | 43.83 | 40.65 | 35.99 | 31.26 | 27.50 |
| ROA %i | 8.82 | 7.75 | 7.00 | 5.89 | 5.15 | 4.42 |
| ROIC %i | 19.30 | 17.27 | 15.65 | 13.72 | 12.12 | 10.83 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 12.61 | 11.90 | 11.37 | 10.39 | 9.12 | 8.01 |
| FCF / sales %i | 28.84 | 30.65 | 32.87 | 37.29 | 37.16 | 35.27 |
| Current ratioi | 1.20 | 1.20 | 1.17 | 1.17 | 1.16 | 1.12 |
| Quick ratioi | 0.83 | 0.80 | 0.77 | 0.77 | 0.75 | 0.71 |
| Debt / assetsi | 27.91 | 27.25 | 26.92 | 26.70 | 26.30 | 25.66 |
| LT debt / equityi | 77.38 | 84.32 | 81.14 | 93.94 | 90.06 | 78.90 |
| Interest coveragei | 17.01 | 17.60 | 18.85 | 18.76 | 15.60 | 13.29 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Diversified
- Commerce Services is the largest reported line at 42.30% of revenue, across 5 reported segments.
- No single line clears half of revenue; Credit revenues is next at 22.40%, spreading the business across more than one real driver.
Revenue breakdown most recent period
Business
Commerce Services42.30%
Credit revenues22.40%
Financial services and income20.78%
Commerce products sales14.37%
Fintech products sales0.16%
Quote time 2026-10-08 06:58:45 · For reference only, not investment advice and not tailored to your situation.