MercadoLibre, Inc. (MELI) Financial Statements

MercadoLibre, Inc.

MELI · NASDAQ-GS

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Total Revenue	$20.34B	$15.14B	$10.49B	$7.45B	$5.71B	$3.97B	$2.30B	$1.44B
Cost of Revenue	$16.04B	$11.20B	$7.52B	$5.58B	$4.06B	$2.27B	$1.19B	$742.64M
Gross Profit	$12.86B	$9.58B	$7.59B	$5.20B	$3.00B	$1.71B	$1.10B	$697.01M
Research & Development	$2.27B	$1.93B	$1.83B	$1.10B	$590.00M	$353.00M	$223.81M	$146.27M
Selling, General & Administrative	$1.08B	$963.00M	$766.00M	$661.00M	$465.00M	$327.00M	$197.46M	$137.77M
Operating Expenses	$9.66B	$6.95B	$5.38B	$4.13B	$2.56B	$1.58B	$1.26B	$766.49M
Operating Income	$3.20B	$2.63B	$2.21B	$1.07B	$441.00M	$128.00M	-$153.16M	-$69.48M
Income Before Taxes	$2.84B	$2.43B	$1.55B	$780.00M	$241.00M	$81.00M	-$107.25M	-$65.45M
Provision for Income Taxes	$845.00M	$521.00M	$569.00M	$298.00M	$149.00M	$82.00M	$64.75M	-$28.87M
Net Income	$2.00B	$1.91B	$987.00M	$482.00M	$83.00M	-$1.00M	-$172.00M	-$36.59M
Basic EPS	$39.40	$37.69	$19.64	$9.57	$1.67	-$0.08	-$3.71	-$0.82
Diluted EPS	$39.40	$37.69	$19.46	$9.53	$1.67	-$0.08	-$3.71	-$0.82
Basic Shares Outstanding	50.70M	50.70M	50.26M	50.35M	49.80M	49.74M	48.69M	44.53M
Diluted Shares Outstanding	50.70M	50.70M	51.01M	51.34M	49.80M	49.74M	48.69M	44.53M

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Dec 2026	$41.00	$37.02	$51.52	6	↑1 ↓0
Dec 2027	$59.18	$49.99	$69.41	6	↑0 ↓0
Dec 2028	$81.51	$64.17	$93.02	4	↑0 ↓0
Dec 2029	$120.86	$120.86	$120.86	1	↑0 ↓0

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.

Symbol: MELI
Type: Stock
Sector: Consumer Discretionary
Industry: Business Services
Country: South America
Exchange: NASDAQ-GS

MercadoLibre is the largest online commerce ecosystem in Latin America, based on unique visitors and processed orders, and is also one of the region's leading fintech platforms. Our efforts are centered on enabling e-commerce and digital financial services for our users by delivering a complete suite of technology solutions. The company is present in 18 countries including: Argentina, Brazil, Mexico, Colombia, Chile, Ecuador and Peru. Through its e-commerce platform, MercadoLibre provides buyers and sellers with a robust and safe environment that fosters the development of a large e-commerce community in Latin America, a region with a population of over 650 million people and with one of the fastest-growing Internet penetration and e-commerce growth rates in the world. We believe that we offer world-class technological and commercial solutions that address the distinctive cultural and geographic challenges of operating a digital commerce platform in Latin America.

Key Issues

Bullish view

Revenue rose 49% year over year to $8.8 billion in the latest quarter cited, and fiscal 2025 revenue reached $20.3 billion. That growth supports the view that MercadoLibre can continue compounding at an unusually high rate.

Bearish view

The evidence provides only a recent growth rate and no forward guidance, updated quarter, or longer-term growth framework. Investors therefore cannot yet determine whether the 49% pace is durable.

Analyst Consensus

See all

Buy

14 analysts

$1,916

Current

—

Low

$2,300

Average

—

High

Average target implies +20.02% versus the current price.

Earnings History

BeatMissNo estimate

Peers

Accenture plc Class A Ordinary Shares (Ireland)