MercadoLibre
MELI Nasdaq· Broadline Retail
Last close · Oct 26, 2026
$1,668.72
KIRA · Stoqly’s AI analyst, in plain words
- MercadoLibre had $28.9B of revenue in fiscal 2025, up 39.1% on the year before. Over five years, revenue changed +48.7% a year on average.
- Its operating margin was 11.1%, down 1.6 pts: of every 100 in sales, about 11 is left after running the business.
- MercadoLibre made $2.0B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 32.7% a year.
- Free cash flow was $10.8B in fiscal 2025, 37.3% of revenue.
- MercadoLibre returned $1.0M to shareholders in fiscal 2025, 0% of free cash flow. The diluted share count rose 0.0%.
- MercadoLibre owes $3.0B more than it holds in cash, about 0.8 years of operating profit.
Market cap
$84.6B
P/E
45.4x
Revenue
$28.9B
Net income
$2.0B
Free cash flow
$10.8B
Operating margin
11.1%
MercadoLibre in 30 seconds · fiscal 2025
Are sales growing?
+39.1%
Yes. Sales grew 39.1% last year.
Does it make a profit?
6.9%
A little. It keeps 6.9% of every sale as profit.
Does profit turn into cash?
37.3%
Yes. 37.3% of sales ends up as free cash.
Is debt under control?
0.8x
Yes. It could repay its debt with 0.8 years of operating profit.
How healthy are the accounts?
4 / 9
Mixed. It passes 4 of 9 health tests.
How is the share priced?
45.4x
One share costs 45.4 times its yearly profit per share. Typical for its sector: 17.7x.
What MercadoLibre does
MercadoLibre runs an online shopping marketplace and a payments and financial services business in Latin America. It says it is the largest e-commerce platform in the region by the value of goods sold, and that its payments app, Mercado Pago, has the most monthly active users among fintech companies in Argentina, Chile and Mexico. The marketplace is in 18 countries and Mercado Pago is in 8. Outside sellers account for most of the goods sold on the Marketplace. MercadoLibre also sells directly to consumers in some categories, which accounts for less than 10% of goods sold. Other services include Mercado Envios, a logistics service with fulfillment centers and delivery partners; Mercado Ads, which sells advertising to sellers and brands; and a classifieds service for vehicles, property and services. Mercado Pago handles payments and offers day-to-day financial services, including lending.
Biggest risks, in its own words
- Slower growth in online shopping and digital financial services in the region.
- Credit risk from the loans it makes to merchants and consumers.
- Fraud by users, and complaints or bad publicity that follow.
- Relying on banks, investment funds and payment processors to fund transactions.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 25, 2026
- Legal name
- MercadoLibre, Inc.
- CIK
- 0001099590
MercadoLibre · MELI
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $7.1B | $10.8B | $15.1B | $20.8B | $28.9B |
| Revenue growth | 77.9% | 52.5% | 40.1% | 37.5% | 39.1% |
| Gross margin | 42.5% | 48.2% | 50.2% | 46.1% | 44.5% |
| Operating margin | 6.2% | 9.9% | 14.6% | 12.7% | 11.1% |
| Net income | $83.0M | $482M | $987M | $1.9B | $2.0B |
| Net margin | 1.2% | 4.5% | 6.5% | 9.2% | 6.9% |
| Diluted EPS | $1.67 | $9.53 | $19.46 | $37.69 | $39.40 |
| Cash | |||||
| Cash from operations | $965M | $2.9B | $5.1B | $7.9B | $12.1B |
| Capital expenditure | $573M | $454M | $509M | $860M | $1.3B |
| Free cash flow | $392M | $2.5B | $4.6B | $7.1B | $10.8B |
| FCF margin | 5.6% | 23.1% | 30.7% | 34.0% | 37.3% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $486M | $148M | $356M | $1.0M | $1.0M |
| Share count change | 0.1% | 3.1% | −0.6% | −0.6% | 0.0% |
| Debt and strength | |||||
| Cash and short-term investments | $3.4B | $4.2B | $6.0B | $7.1B | $6.3B |
| Debt incl. finance leases | $3.6B | $4.8B | $4.6B | $5.8B | $9.3B |
| Shareholders' equity | $1.5B | $1.8B | $3.1B | $4.4B | $6.7B |
| Net debt / EBITDA | 0.3x | 0.4x | −0.5x | −0.4x | 0.8x |
| Current ratio | 1.4x | 1.3x | 1.3x | 1.2x | 1.2x |
| Interest coverage | 7.6x | 4.3x | 3.6x | 5.8x | 5.2x |
| Returns and quality | |||||
| Return on capital | 19.0% | 32.3% | 69.1% | 87.4% | 35.0% |
| Return on equity | 5.2% | 28.7% | 40.3% | 51.5% | 36.0% |
| Piotroski F-score | 5 | 6 | 8 | 7 | 4 |
| Altman Z'' | 2.1 | 2.0 | 2.5 | 2.3 | 1.9 |
Insiders bought, 12 months
$1.3M
2 insiders
Insiders sold, 12 months
$2.3M
3 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
MercadoLibre · MELI
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| MercadoLibre MELI | $84.6B | 39.1% | 11.1% | 37.3% | 35.0% | 45.4x | 4 |
| Coupang CPNG | $24.7B | 14.1% | 1.4% | 1.5% | — | — | 6 |
| Sea Limited SE | $47.2B | 36.4% | 8.7% | 19.7% | — | — | 8 |
| Macy's M | $6.4B | −1.7% | 4.6% | 4.7% | 12.9% | 8.6x | 8 |
| Kohl's KSS | $2.8B | −4.3% | 4.0% | 6.5% | 7.2% | 10.3x | 7 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $1,668.72 a share, the company is worth $84.6B: 45.4 times its earnings of the last four quarters.
MercadoLibre grew sales faster than 4 of its 4 similar companies. Its P/E is higher than 2 of 2.
Source: SEC EDGAR XBRL filings (CIK 0001099590). Data updated October 11, 2026. For information only — not investment advice. Check the original filings before relying on any figure.