M

MercadoLibre, Inc.

MELI · CIK 0001099590

18 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$20.34B34.3%
FY2025
Net income (FY)
$2.00B4.5%
FY2025
Free cash flow (FY)
$10.77B52.6%
FY2025
Diluted EPS (FY)
$39.404.5%
FY2025
The story, charted

The shape of the business

FY2016–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$10B$20BFY2016 · Revenue $844.4M · Net income $136.4M · 0001562762-19-000047 · filed 2019-02-28 · 0001562762-17-000024 · filed 2017-02-24FY16Revenue $844.4MNet income $136.4M0001562762-19-000047 · filed 2019-02-28 · 0001562762-17-000024 · filed 2017-02-24FY2017 · Revenue $1.22B · Net income $13.8M · 0001562762-20-000055 · filed 2020-02-14FY17Revenue $1.22BNet income $13.8M0001562762-20-000055 · filed 2020-02-14FY2018 · Revenue $1.44B · Net income −$36.6M · 0001562762-21-000079 · filed 2021-03-01FY18Revenue $1.44BNet income −$36.6M0001562762-21-000079 · filed 2021-03-01FY2019 · Revenue $2.30B · Net income −$172.0M · 0001562762-22-000049 · filed 2022-02-23FY19Revenue $2.30BNet income −$172.0M0001562762-22-000049 · filed 2022-02-23FY2020 · Revenue $3.97B · Net income −$1.0M · 0001099590-23-000007 · filed 2023-02-24FY20Revenue $3.97BNet income −$1.0M0001099590-23-000007 · filed 2023-02-24FY2021 · Revenue $5.71B · Net income $83.0M · 0001099590-24-000008 · filed 2024-02-23FY21Revenue $5.71BNet income $83.0M0001099590-24-000008 · filed 2024-02-23FY2022 · Revenue $7.45B · Net income $482.0M · 0001099590-25-000007 · filed 2025-02-21FY22Revenue $7.45BNet income $482.0M0001099590-25-000007 · filed 2025-02-21FY2023 · Revenue $10.49B · Net income $987.0M · 0001099590-26-000006 · filed 2026-02-25FY23Revenue $10.49BNet income $987.0M0001099590-26-000006 · filed 2026-02-25FY2024 · Revenue $15.14B · Net income $1.91B · 0001099590-26-000006 · filed 2026-02-25FY24Revenue $15.14BNet income $1.91B0001099590-26-000006 · filed 2026-02-25FY2025 · Revenue $20.34B · Net income $2.00B · 0001099590-26-000006 · filed 2026-02-25FY25Revenue $20.34BNet income $2.00B0001099590-26-000006 · filed 2026-02-25FY25Revenue $20.34BNet income $2.00B0001099590-26-000006 · filed 2026-02-25FY17FY19FY21FY23FY25

revenue 24.1× since FY2016 · net margin 16.1% → 9.8%

MarginsNet marginFCF margin
0%20%40%FY2016 · Net margin 16.1% · FCF margin 14.4%FY16Net margin 16.1%FCF margin 14.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 1.1% · FCF margin 17.6%FY17Net margin 1.1%FCF margin 17.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin -2.5% · FCF margin 9.6%FY18Net margin -2.5%FCF margin 9.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin -7.5% · FCF margin 13.7%FY19Net margin -7.5%FCF margin 13.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin -0.0% · FCF margin 23.5%FY20Net margin -0.0%FCF margin 23.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 1.5% · FCF margin 6.9%FY21Net margin 1.5%FCF margin 6.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 6.5% · FCF margin 33.4%FY22Net margin 6.5%FCF margin 33.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 9.4% · FCF margin 44.2%FY23Net margin 9.4%FCF margin 44.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 12.6% · FCF margin 46.6%FY24Net margin 12.6%FCF margin 46.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 9.8% · FCF margin 53.0%FY25Net margin 9.8%FCF margin 53.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 9.8%FCF margin 53.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’17’19’21’23’25

FY2025: net 9.8% · free cash flow 53.0% of revenue

Cash engineOperating cash flowFree cash flow
$0$5B$10BFY2008 · OCF $55.8M · FCF $50.9M · 0000950123-11-018724 · filed 2011-02-25FY08OCF $55.8MFCF $50.9M0000950123-11-018724 · filed 2011-02-25FY2009 · OCF $49.7M · FCF $45.9M · 0001193125-12-085292 · filed 2012-02-28FY09OCF $49.7MFCF $45.9M0001193125-12-085292 · filed 2012-02-28FY2010 · OCF $67.9M · FCF $54.7M · 0001193125-13-081326 · filed 2013-02-28FY10OCF $67.9MFCF $54.7M0001193125-13-081326 · filed 2013-02-28FY2011 · OCF $89.4M · FCF $70.5M · 0001193125-14-078151 · filed 2014-03-03FY11OCF $89.4MFCF $70.5M0001193125-14-078151 · filed 2014-03-03FY2012 · OCF $139.9M · FCF $123.1M · 0001193125-14-078151 · filed 2014-03-03FY12OCF $139.9MFCF $123.1M0001193125-14-078151 · filed 2014-03-03FY2013 · OCF $142.5M · FCF $28.8M · 0001193125-14-078151 · filed 2014-03-03FY13OCF $142.5MFCF $28.8M0001193125-14-078151 · filed 2014-03-03FY2014 · OCF $196.8M · FCF $162.4M · 0001562762-17-000024 · filed 2017-02-24FY14OCF $196.8MFCF $162.4M0001562762-17-000024 · filed 2017-02-24FY2015 · OCF $221.4M · FCF $182.2M · 0001562762-18-000040 · filed 2018-02-23FY15OCF $221.4MFCF $182.2M0001562762-18-000040 · filed 2018-02-23FY2016 · OCF $190.3M · FCF $121.7M · 0001562762-19-000047 · filed 2019-02-28FY16OCF $190.3MFCF $121.7M0001562762-19-000047 · filed 2019-02-28FY2017 · OCF $269.0M · FCF $213.9M · 0001562762-20-000055 · filed 2020-02-14FY17OCF $269.0MFCF $213.9M0001562762-20-000055 · filed 2020-02-14FY2018 · OCF $230.9M · FCF $137.8M · 0001562762-21-000079 · filed 2021-03-01FY18OCF $230.9MFCF $137.8M0001562762-21-000079 · filed 2021-03-01FY2019 · OCF $451.1M · FCF $314.3M · 0001562762-22-000049 · filed 2022-02-23FY19OCF $451.1MFCF $314.3M0001562762-22-000049 · filed 2022-02-23FY2020 · OCF $1.18B · FCF $935.0M · 0001099590-23-000007 · filed 2023-02-24FY20OCF $1.18BFCF $935.0M0001099590-23-000007 · filed 2023-02-24FY2021 · OCF $965.0M · FCF $392.0M · 0001099590-24-000008 · filed 2024-02-23FY21OCF $965.0MFCF $392.0M0001099590-24-000008 · filed 2024-02-23FY2022 · OCF $2.94B · FCF $2.49B · 0001099590-25-000007 · filed 2025-02-21FY22OCF $2.94BFCF $2.49B0001099590-25-000007 · filed 2025-02-21FY2023 · OCF $5.14B · FCF $4.63B · 0001099590-26-000006 · filed 2026-02-25FY23OCF $5.14BFCF $4.63B0001099590-26-000006 · filed 2026-02-25FY2024 · OCF $7.92B · FCF $7.06B · 0001099590-26-000006 · filed 2026-02-25FY24OCF $7.92BFCF $7.06B0001099590-26-000006 · filed 2026-02-25FY2025 · OCF $12.12B · FCF $10.77B · 0001099590-26-000006 · filed 2026-02-25FY25OCF $12.12BFCF $10.77B0001099590-26-000006 · filed 2026-02-25FY25OCF $12.12BFCF $10.77B0001099590-26-000006 · filed 2026-02-25’09’13’17’21’25

FY2025: $12.12B operating cash − $1.34B capex = $10.77B free cash flow

Returns on capitalReturn on equityReturn on assets
0%20%40%FY2009 · ROE 29.1% · ROA 18.2%FY09ROE 29.1%ROA 18.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 32.6% · ROA 20.8%FY10ROE 32.6%ROA 20.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 35.0% · ROA 21.6%FY11ROE 35.0%ROA 21.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 34.9% · ROA 21.2%FY12ROE 34.9%ROA 21.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 34.2% · ROA 19.8%FY13ROE 34.2%ROA 19.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 20.4% · ROA 7.5%FY14ROE 20.4%ROA 7.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 31.2% · ROA 10.5%FY15ROE 31.2%ROA 10.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 31.8% · ROA 10.0%FY16ROE 31.8%ROA 10.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 4.2% · ROA 0.8%FY17ROE 4.2%ROA 0.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE -10.9% · ROA -1.6%FY18ROE -10.9%ROA -1.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE -8.7% · ROA -3.6%FY19ROE -8.7%ROA -3.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE -0.1% · ROA -0.0%FY20ROE -0.1%ROA -0.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 5.4% · ROA 0.8%FY21ROE 5.4%ROA 0.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 26.4% · ROA 3.5%FY22ROE 26.4%ROA 3.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 32.1% · ROA 5.6%FY23ROE 32.1%ROA 5.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 43.9% · ROA 7.6%FY24ROE 43.9%ROA 7.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 29.6% · ROA 4.7%FY25ROE 29.6%ROA 4.7%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 29.6%ROA 4.7%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity 29% (FY2009) → 30% (FY2025) · on assets 4.7%

Balance sheetLiabilitiesEquity
$0$20B$40BFY2009 · Liabilities $68.4M · Equity $114.2MFY09Liabilities $68.4MEquity $114.2M0000950123-11-018724 · filed 2011-02-25FY2010 · Liabilities $98.0M · Equity $171.7MFY10Liabilities $98.0MEquity $171.7M0001193125-12-085292 · filed 2012-02-28FY2011 · Liabilities $132.8M · Equity $219.2MFY11Liabilities $132.8MEquity $219.2M0001193125-13-081326 · filed 2013-02-28FY2012 · Liabilities $184.9M · Equity $289.8MFY12Liabilities $184.9MEquity $289.8M0001193125-14-078151 · filed 2014-03-03FY2013 · Liabilities $244.9M · Equity $343.5MFY13Liabilities $244.9MEquity $343.5M0001193125-15-069727 · filed 2015-02-27FY2014 · Liabilities $611.1M · Equity $355.8MFY14Liabilities $611.1MEquity $355.8M0001562762-16-000352 · filed 2016-02-26FY2015 · Liabilities $664.1M · Equity $339.5MFY15Liabilities $664.1MEquity $339.5M0001562762-17-000024 · filed 2017-02-24FY2016 · Liabilities $938.6M · Equity $428.9MFY16Liabilities $938.6MEquity $428.9M0001562762-18-000040 · filed 2018-02-23FY2017 · Liabilities $1.35B · Equity $325.8MFY17Liabilities $1.35BEquity $325.8M0001562762-19-000047 · filed 2019-02-28FY2018 · Liabilities $1.90B · Equity $336.7MFY18Liabilities $1.90BEquity $336.7M0001562762-20-000055 · filed 2020-02-14FY2019 · Liabilities $2.70B · Equity $1.98BFY19Liabilities $2.70BEquity $1.98B0001562762-21-000079 · filed 2021-03-01FY2020 · Liabilities $4.87B · Equity $1.65BFY20Liabilities $4.87BEquity $1.65B0001562762-22-000049 · filed 2022-02-23FY2021 · Liabilities $8.57B · Equity $1.53BFY21Liabilities $8.57BEquity $1.53B0001099590-23-000007 · filed 2023-02-24FY2022 · Liabilities $11.91B · Equity $1.83BFY22Liabilities $11.91BEquity $1.83B0001099590-24-000008 · filed 2024-02-23FY2023 · Liabilities $14.54B · Equity $3.07BFY23Liabilities $14.54BEquity $3.07B0001099590-25-000007 · filed 2025-02-21FY2024 · Liabilities $20.84B · Equity $4.35BFY24Liabilities $20.84BEquity $4.35B0001099590-26-000006 · filed 2026-02-25FY2025 · Liabilities $35.92B · Equity $6.75BFY25Liabilities $35.92BEquity $6.75B0001099590-26-000006 · filed 2026-02-25FY25Liabilities $35.92BEquity $6.75B0001099590-26-000006 · filed 2026-02-25’09’13’17’21’25

FY2025: $42.67B assets · $35.92B liabilities · $6.75B equity

The receipts