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Mercadolibre Inc (MELI) stock

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NASDAQ: MELI Nasdaq Business services, nec Next results ~November 4, 2026

B+ Fundamentals grade

Mercadolibre Inc is a US-listed company in the business services, nec industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: our cash-flow value ($8,404.14) was left out of our combined valuation (it is 5.03x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating.

Price vs value

Under review: our cash-flow value ($8,404.14) was left out of our combined valuation (it is 5.03x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating. We'll show the comparison once resolved.

Mercadolibre Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Mercadolibre files

Where Mercadolibre stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $35.2bn, up 46.0% on a year earlier, faster than the 42.1% growth a quarter earlier. That growth ranks 35 of 430 among the industrials companies we cover. Free-cash-flow margin rose to 35.3% from 30.6% a year earlier. Operating margin narrowed to 8.3% from 12.3%. Against its peers on growth, profitability, cash generation and balance sheet, it grades B+. It passes 4 of our 6 financial-health checks.

Our model value for Mercadolibre is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Mercadolibre Inc's trailing-twelve-month revenue grew 46.0% year on year, with a free-cash-flow margin of 35.3%. Where it stands out: days sales outstanding of 4 days ranks 5 of 453 industrials companies we cover.

Our discounted-cash-flow model values the business at ~$8400 per share in the base case (~$6400–$11000 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 68.1% while net income fell 9.3%: a 77pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 46.0% over the last 12 months, against a median of 7.6% for industrials companies we cover.
  • Growth speeding up. The growth rate is 3.9 points higher than a quarter earlier.
  • Strong cash generation. 35.3% of revenue turned into free cash flow, against a median of 4.6% for industrials companies we cover.

Things to watch

  • Margins narrowing. Operating margin is down 4.0 points on a year ago.
  • High earnings multiple. The shares trade at 46 times the last 12 months' earnings, so expectations are demanding.
  • Gross margin slipping. Gross margin is down 3.2 points on a year ago.
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$9.19 against an average estimate of $8.89: beat by 3.4%
Revenue
$10.17bn, up 49.8% on a year earlier
Share reaction
-3.1% in the first session after the results on August 5, 2026, against -0.4% for the S&P 500
Next report
November 4, 2026; average EPS estimate $9.18

Mercadolibre's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-0.4%
  • 1 week-0.6%
  • 1 month-1.5%
  • This year-16.8%
  • 1 year-27.9%
  • 5 years+7.3%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$35.2B
Operating margin
8.3%
Net margin
5.3%
EPS (TTM, diluted)
$36.75

Growth

Revenue growth
+46.0%
Change in growth rate
+3.9 pts
Share count change
−0.0%

Cash

Free cash flow (TTM)
$12.4B
FCF margin
35.3%

Earnings

Last results
August 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Agreement
  3. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Mercadolibre Inc valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: our cash-flow value ($8,404.14) was left out of our combined valuation (it is 5.03x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating.

Our value per share comes from a discounted-cash-flow model of Mercadolibre Inc's free cash flow after stock-based pay ( $11.1B, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Mercadolibre Inc as an operating company, with every model that fits that kind of business. Cost of equity 8.9%: the 10-year Treasury yield (4.9%) plus a beta of 0.88 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$8400 ~$6400–$11000 Left out: out of range vs price (5.01x)
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$3000 ~$1800–$3900 Left out: far from the other models (more than 3x away from their median)
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$800 ~$910–$1300 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$860 ~$650–$1200 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$900 ~$770–$1100 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Mercadolibre Inc with Industrials sector in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$155.78$314.66$292.85$571.94$1675.22$1348.40$846.24$1571.54$1700.44$2014.26$1676.79
Market value$6.9bn$13.9bn$13.0bn$27.8bn$83.3bn$67.2bn$43.4bn$80.2bn$86.2bn$102.1bn$85.0bn
+ Net debt (− = net cash)−$234m−$369m$295m−$567m−$447m$1.0bn$3.0bn$2.0bn$3.2bn$5.8bn$7.3bn
Enterprise value$6.6bn$13.5bn$13.3bn$27.3bn$82.9bn$68.2bn$46.4bn$82.1bn$89.4bn$107.9bn$92.3bn
Multiples
Price / sales 8.1x11.4x9.1x12.1x21.0x9.5x4.0x5.3x4.1x3.5x2.4x
Price / earnings 50.4xn/m———n/m90.1x81.2x45.1x51.1x45.6x
Price / free cash flow 56.5x65.0x94.7x88.6x89.1x171.3x17.5x17.3x12.2x9.5x6.9x
EV / EBITDA 31.6x139.2x——n/m105.7x31.5x30.1x27.5x26.8x23.7x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

54 /100

Moderate moat

How hard Mercadolibre's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 21.5% of total assets over 10 years.

  • Pricing power 13 / 20

    Gross margin has been a median 47.8%, moving by 5.6 percentage points (standard deviation) across 10 years.

  • Durability 1 / 20

    Operating margin has been a median 7.4%; its worst year was -7.2%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 10 of 10 years, at a median 27.2% of revenue.

  • Discipline 15 / 20

    The diluted share count rose 1.8% over five years; stock-based pay has been a median 2.5% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (69 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, after the close. Analysts expect revenue of $10.7bn and EPS of $9.18 (range $7.57 to $9.87) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $38.17 −3% $41.9bn +45%
Next $55.17 +45% $54.1bn +29%

Next year's EPS estimate has moved −3.7% in 90 days, across 21 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −4.5% on 90 days ago. In the last 30 days, 3 analysts raised Mercadolibre Inc's forecast and 2 cut it.

Consensus EPS forecast Mercadolibre Inc, last 90 days
$35.00 $40.00 $45.00 $50.00 $55.00 $60.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $39.98 Current fiscal year, 60 days ago: $38.29 Current fiscal year, 30 days ago: $37.83 Current fiscal year, 7 days ago: $38.35 Current fiscal year, Now: $38.17 $38.17 Next fiscal year, 90 days ago: $57.32 Next fiscal year, 60 days ago: $56.07 Next fiscal year, 30 days ago: $55.36 Next fiscal year, 7 days ago: $55.70 Next fiscal year, Now: $55.17 $55.17

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $39.98$57.32
60 days ago $38.29$56.07
30 days ago $37.83$55.36
7 days ago $38.35$55.70
Now $38.17$55.17

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $8.89 $9.19 +3.4%
Mar 2026 $8.20 $8.23 +0.3%
Dec 2025 $11.44 $11.03 −3.6%
Sept 2025 $9.30 $8.32 −10.5%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows Mercadolibre Inc's revenue by +29.3% next year and +18.9% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+36.5%, weight 70%) and the company's own record (+13.0%, weight 30%) . How the weights are set.

Analyst recommendations

26 analysts, Oct 2026
Buy2285%
Hold415%
Sell00%

Monthly trend

  1. Oct 2026517426
  2. Sep 2026517426
  3. Aug 2026415524
  4. Jul 2026515424

Counts of recommendations published by analysts covering Mercadolibre Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
2.0%
of tradable shares
Days to cover
1.56
at average volume
Short interest, 1 month
+23%
to October 15, 2026
Held by institutions
80%
of shares
Held by insiders
7.0%
of shares
Employees
123,670
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −28.0%

$2327.26 on October 31, 2025 to $1676.79

ThenNowEffect
Revenue (last 12 months) $24.1bn $35.2bn +46.0%
Net margin 8.5% 5.3% −37.8%
P/E multiple 57.5x 45.6x −20.6%
Share count 51m 51m 0.0%

Biggest factor: net margin.

Last 3 years +20.8%

$1387.79 on November 3, 2023 to $1676.79

ThenNowEffect
Revenue (last 12 months) $12.5bn $35.2bn +182.3%
Net margin 6.1% 5.3% −12.8%
P/E multiple 93.9x 45.6x −51.4%
Share count 51m 51m +1.1%

Biggest factor: revenue.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
MELI−20%−37%+86%+8%+19%−17%
Industry peers (median)——————
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
MELI50%42%50%33%50%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
MELI−47%−55%−19%−25%−27%−33%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 69% from January 20, 2021 to June 16, 2022. Getting back needed a 224% gain, reached on August 15, 2024, 791 days after the low.

Price behaviour

52-week range
$1546.81 – $2316.40
From 52-week high
−27.6%
vs 50-day average
−8.7%
vs 200-day average
−7.4%
Volatility (1 year)
41%
Beta vs S&P 500
1.05

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±7.2%
After a week
6 up, 6 down
typical move ±8.3%
After a month
6 up, 6 down
typical move ±11.7%
Results releasedNext dayS&P 500 next day5 days21 days
August 5, 2026 −3.1% −0.4% −3.2% +5.4%
May 7, 2026 −11.3% +0.5% −12.7% −12.4%
February 24, 2026 −5.2% +1.6% −8.1% −12.1%
October 29, 2025 +3.1% −1.1% +0.5% −9.5%
August 4, 2025 +1.4% +1.0% −3.5% −0.1%
May 7, 2025 +8.1% +1.1% +15.0% +11.4%
February 20, 2025 +8.9% −2.1% +2.6% +0.9%
November 6, 2024 −15.1% +3.3% −7.6% −6.8%
August 1, 2024 +6.4% −3.3% +12.0% +23.5%
May 2, 2024 +11.9% +2.2% +16.4% +16.2%
February 22, 2024 −6.2% +2.1% −8.2% −9.5%
November 1, 2023 +6.3% +3.0% +10.2% +33.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Mercadolibre Inc in five measures

Fundamentals grade B+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Mercadolibre Inc
$10B $20B $30B $40B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $13.7B Revenue (TTM), FY23 Q4: $15.1B Revenue (TTM), FY24 Q1: $16.3B Revenue (TTM), FY24 Q2: $17.7B Revenue (TTM), FY24 Q3: $19.1B Revenue (TTM), FY24 Q4: $20.8B Revenue (TTM), FY25 Q1: $22.4B Revenue (TTM), FY25 Q2: $24.1B Revenue (TTM), FY25 Q3: $26.2B Revenue (TTM), FY25 Q4: $28.9B Revenue (TTM), FY26 Q1: $31.8B Revenue (TTM), FY26 Q2: $35.2B $35.2B

Source: SEC EDGAR filings. Retrieved October 31, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $13.7B
FY23 Q4 $15.1B
FY24 Q1 $16.3B
FY24 Q2 $17.7B
FY24 Q3 $19.1B
FY24 Q4 $20.8B
FY25 Q1 $22.4B
FY25 Q2 $24.1B
FY25 Q3 $26.2B
FY25 Q4 $28.9B
FY26 Q1 $31.8B
FY26 Q2 $35.2B
Revenue growth, TTM YoY Mercadolibre Inc
35% 40% 45% 50% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 41.7% Revenue growth, TTM YoY, FY23 Q4: 43.4% Revenue growth, TTM YoY, FY24 Q1: 41.6% Revenue growth, TTM YoY, FY24 Q2: 42.4% Revenue growth, TTM YoY, FY24 Q3: 39.6% Revenue growth, TTM YoY, FY24 Q4: 37.5% Revenue growth, TTM YoY, FY25 Q1: 37.7% Revenue growth, TTM YoY, FY25 Q2: 35.8% Revenue growth, TTM YoY, FY25 Q3: 36.9% Revenue growth, TTM YoY, FY25 Q4: 39.1% Revenue growth, TTM YoY, FY26 Q1: 42.1% Revenue growth, TTM YoY, FY26 Q2: 46.0% 46.0%

Source: SEC EDGAR filings. Retrieved October 31, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 41.7%
FY23 Q4 43.4%
FY24 Q1 41.6%
FY24 Q2 42.4%
FY24 Q3 39.6%
FY24 Q4 37.5%
FY25 Q1 37.7%
FY25 Q2 35.8%
FY25 Q3 36.9%
FY25 Q4 39.1%
FY26 Q1 42.1%
FY26 Q2 46.0%
Operating margin (TTM) Mercadolibre Inc
5% 10% 15% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 16.5% Operating margin (TTM), FY23 Q4: 14.6% Operating margin (TTM), FY24 Q1: 14.3% Operating margin (TTM), FY24 Q2: 13.4% Operating margin (TTM), FY24 Q3: 11.2% Operating margin (TTM), FY24 Q4: 12.7% Operating margin (TTM), FY25 Q1: 12.8% Operating margin (TTM), FY25 Q2: 12.3% Operating margin (TTM), FY25 Q3: 12.0% Operating margin (TTM), FY25 Q4: 11.1% Operating margin (TTM), FY26 Q1: 9.6% Operating margin (TTM), FY26 Q2: 8.3% 8.3%

Source: SEC EDGAR filings. Retrieved October 31, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 16.5%
FY23 Q4 14.6%
FY24 Q1 14.3%
FY24 Q2 13.4%
FY24 Q3 11.2%
FY24 Q4 12.7%
FY25 Q1 12.8%
FY25 Q2 12.3%
FY25 Q3 12.0%
FY25 Q4 11.1%
FY26 Q1 9.6%
FY26 Q2 8.3%
FCF margin (TTM) Mercadolibre Inc
25% 30% 35% 40% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 31.5% FCF margin (TTM), FY23 Q4: 30.7% FCF margin (TTM), FY24 Q1: 32.2% FCF margin (TTM), FY24 Q2: 31.7% FCF margin (TTM), FY24 Q3: 32.4% FCF margin (TTM), FY24 Q4: 34.0% FCF margin (TTM), FY25 Q1: 28.8% FCF margin (TTM), FY25 Q2: 30.6% FCF margin (TTM), FY25 Q3: 32.9% FCF margin (TTM), FY25 Q4: 37.3% FCF margin (TTM), FY26 Q1: 37.2% FCF margin (TTM), FY26 Q2: 35.3% 35.3%

Source: SEC EDGAR filings. Retrieved October 31, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 31.5%
FY23 Q4 30.7%
FY24 Q1 32.2%
FY24 Q2 31.7%
FY24 Q3 32.4%
FY24 Q4 34.0%
FY25 Q1 28.8%
FY25 Q2 30.6%
FY25 Q3 32.9%
FY25 Q4 37.3%
FY26 Q1 37.2%
FY26 Q2 35.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Mercadolibre took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $28.9B
  2. Cost of revenue $16B · 55.5%
  3. Gross profit $12.9B · 44.5%
  4. Research and development $2.3B · 7.9%
  5. Selling, general and admin $4.3B · 14.9%
  6. Other operating costs $3.1B · 10.7%
  7. Operating income $3.2B · 11.1%
  8. Income tax $845M · 2.9%
  9. Interest and other $359M · 1.2%
  10. Net income $2B · 6.9%

Shares of revenue. Source: Mercadolibre's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 0.8 1.2 1.4 2.3 4.0 7.1 10.8 15.1 20.8 28.9 35.2
Gross profit 0.5 0.7 0.7 1.1 1.7 3.0 5.2 7.6 9.6 12.9 15.0
EBITDA 0.2 0.1 −0.0 −0.1 0.2 0.6 1.5 2.7 3.2 4.0 3.9
Operating income 0.2 0.1 −0.1 −0.2 0.1 0.4 1.1 2.2 2.6 3.2 2.9
Net income 0.1 0.0 −0.0 −0.2 −0.0 0.1 0.5 1.0 1.9 2.0 1.9
Diluted EPS $3.09 $0.31 −$0.82 −$3.71 −$0.08 $1.67 $9.53 $19.46 $37.69 $39.40 $36.75
Growth (year on year)
Revenue — +44.1% +18.3% +59.5% +73.1% +77.9% +52.5% +40.1% +37.5% +39.1% +46.0%
EBITDA — −53.7% −124.4% — — +176.8% +128.2% +85.5% +18.9% +23.7% +6.8%
Operating income — −68.9% −223.5% — — +244.5% +142.4% +106.5% +19.2% +21.7% −2.0%
Net income — −89.9% — — — — — +104.8% +93.6% +4.5% −9.3%
Diluted EPS — −90.0% — — — — — +104.2% +93.7% +4.5% −9.3%
Margins
Gross margin 63.6% 59.2% 48.4% 48.0% 43.0% 42.5% 48.2% 50.2% 46.1% 44.5% 42.7%
EBITDA margin 24.9% 8.0% −1.6% −3.5% 5.9% 9.1% 13.7% 18.1% 15.6% 13.9% 11.1%
Operating margin 21.4% 4.6% −4.8% −6.7% 3.2% 6.2% 9.9% 14.6% 12.7% 11.1% 8.3%
Net margin 16.1% 1.1% −2.5% −7.5% −0.0% 1.2% 4.5% 6.5% 9.2% 6.9% 5.3%
Free-cash-flow margin 14.4% 17.6% 9.6% 13.7% 23.5% 5.5% 23.1% 30.7% 34.0% 37.3% 35.3%
Cash flow
Cash from operations 0.2 0.3 0.2 0.5 1.2 1.0 2.9 5.1 7.9 12.1 13.9
Capital spending 0.1 0.1 0.1 0.1 0.2 0.6 0.5 0.5 0.9 1.3 1.5
Free cash flow 0.1 0.2 0.1 0.3 0.9 0.4 2.5 4.6 7.1 10.8 12.4
Stock-based pay 0.0 0.0 0.0 0.0 0.0 0.0 — — — — —
Free cash flow after stock pay 0.1 0.2 0.1 0.3 0.9 0.4 — — — — —
Balance sheet
Cash 0.2 0.4 0.4 1.4 1.9 2.6 1.9 2.6 2.6 3.7 3.6
Total debt — 0.0 0.7 0.8 1.4 3.6 4.9 4.5 5.8 9.4 10.9
Net debt (negative = net cash) −0.2 −0.4 0.3 −0.6 −0.4 1.0 3.0 2.0 3.2 5.8 7.3
Diluted shares 44m 44m 45m 49m 50m 50m 51m 51m 51m 51m 51m
Returned to shareholders
Dividends 0.0 0.0 0.0 — — — — — — — —
Buybacks — — — 0.0 0.1 0.5 0.1 0.4 0.0 0.0 —
Total returned 0.0 0.0 0.0 0.0 0.1 0.5 0.1 0.4 0.0 0.0 —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 6 checks passed · June 30, 2026
What it owns · $51.4bn
Short-term assets $40.8bnLonger-term assets $10.6bn
What it owes, and who funded it · $51.4bn
Short-term liabilities $36.4bnLonger-term liabilities $7.2bnShareholders' equity $7.8bn
  • Short-term assets cover short-term liabilities $40.8bn of assets due within a year against $36.4bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $40.8bn short-term assets against $7.2bn of longer-dated liabilities.
  • More cash than debt $3.6bn of cash against $10.6bn of debt.
  • Debt below 40% of shareholders' equity Debt is 136% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 230% to 136% over five years.
  • A year's operating cash flow covers at least 20% of debt $13.9bn of operating cash flow against $10.6bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Mercadolibre Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Buybacks, last 3 fiscal years
$358M
Diluted share count
−0.0%
year over year
R&D spending
7.3%
of revenue
Days sales outstanding
4 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in industrials
Last 12 months unless stated MELI CMI PWR LUV ETN PCAR Median
Revenue, last 12 months $35.2bn $34.7bn $37.3bn $31.5bn $30.0bn $29.1bn $1.2bn
Revenue growth, last 12 months 46.0% 2.9% 37.1% 14.5% 15.5% −1.5% 7.6%
Revenue growth, 3-year average 41.3% 2.5% 24.1% 7.4% 10.8% −5.2% 5.1%
Revenue growth, latest quarter 49.8% 9.4% 57.4% 21.2% 21.4% 19.0% 9.7%
Gross margin 42.7% 25.3% 15.8% — 35.9% 20.1% 28.7%
Operating margin 8.3% 11.2% 6.8% 4.4% 14.4% — 5.6%
Operating margin, 3-year average 11.3% 9.5% 6.0% 1.4% — — 6.5%
Net margin 5.3% 7.8% 4.5% 3.3% 12.8% 9.5% 3.7%
Cash from operations / revenue 39.5% 13.4% 10.9% 8.7% 16.5% 12.6% 8.2%
Free-cash-flow margin 35.3% 9.7% 8.5% −1.4% 13.1% 10.5% 4.6%
Free-cash-flow margin, 3-year average 32.5% 6.0% 7.0% −3.2% 12.7% 11.4% 5.8%
Stock pay / revenue 1.6% 0.1% 0.7% 0.1% — 0.1% 0.8%
Change in share count −0.0% 0.4% 0.8% −13.1% −1.3% 0.1% 0.1%

Median of all 584 companies we cover in industrials. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

584 industrials companies
Measure Company Peer median Rank
Revenue growth Growth 46.0% 7.6% 58 of 581
Change in growth rate Growth +3.9pp +1.1pp 170 of 580
Gross margin Profitability 42.7% 28.6% 82 of 443
Operating margin Profitability 8.3% 5.5% 226 of 544
Net margin Profitability 5.3% 3.8% 254 of 582
Free-cash-flow margin Cash generation 35.3% 4.6% 12 of 579
Long-term debt as % of assets Balance sheet 20.7% 22.6% 210 of 453
Change in share count Balance sheet -0.0% 0.0% 253 of 529
Days sales outstanding Balance sheet 4 days 57 days 5 of 453

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue YoY
Brazil $15.2B ▲ 33.3%
Mexico $6.5B ▲ 38.8%
Argentina $6B ▲ 56.2%
Other Countries $1.3B ▲ 41.2%
Other Countries $1.3B ▲ 41.2%

These categories overlap or exclude eliminations, so shares aren't shown.

Products and services
Line of business Revenue Share YoY
Services $25.3B 87.5% ▲ 35.7%
Products $3.6B 12.5% ▲ 68.6%

From Mercadolibre Inc's 10-K filed February 25, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$65.3B
Institutions reporting
1,433
Shares held vs prior quarter
▼ 1.9%
Positions opened / closed
126 / 133

Top buyers and sellers, Q2 2026: 688 institutions bought and 661 sold ; the biggest buyer was Eagle Capital Management LLC (+621K shares) and the biggest seller Capital World Investors (−421K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Capital Research Global Investors $5.3B 3.1M 8.2% ▲ 15.5%
Baillie Gifford & Co $5.2B 3.0M 7.9% ▼ 6.0%
Capital International Investors $3.2B 1.9M 4.9% ▲ 7.8%
Capital World Investors $3B 1.8M 4.6% ▼ 19.2%
Morgan Stanley $2.5B 1.5M 3.9% ▼ 5.6%
Invesco Ltd. $2.5B 1.5M 3.8% ▲ 0.4%
Eagle Capital Management LLC $2.4B 1.4M 3.7% ▲ 79.0%
Blackrock, Inc. $2.2B 1.3M 3.4% ▼ 3.2%
Price T Rowe Associates Inc $1.9B 1.1M 3.0% ▼ 7.4%
Schroder Investment Management Group $1.1B 658K 1.7% ▼ 5.6%
Linonia Partnership LP $940M 554K 1.4% ▲ 325.1%
Jupiter Topco LLC $917M 540K 1.4% —

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Mercadolibre Inc's complete shareholder register. Values are as reported by the filers ; 10 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $1.3M 4 trades by 2 insiders, last 12 months Insider sales History → $2.3M 3 trades by 3 insiders · 0% under pre-set plans
Net ▼ $1M net selling
Insider Date Trade Shares Price Value
Melamud Marcelo SVP - Chief Accounting Officer June 11, 2026 Buy 125 $1604.62 $200,000
Aguzin Alejandro Nicolas Director May 22, 2026 Buy 95 $1655.01 $157,226
Aguzin Alejandro Nicolas Director May 22, 2026 Buy 505 $1656.10 $836,330
Melamud Marcelo SVP - Chief Accounting Officer February 27, 2026 Buy 57 $1755.77 $100,079
Dubugras Henrique Vasoncelos Director December 12, 2025 Sell 845 $2028.14 $1.7M
Calemzuk Emiliano Director December 11, 2025 Sell 45 $2027.37 $91,232
Tolda Stelleo Director December 9, 2025 Sell 246 $2047.88 $503,778

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 49 trades and filings

In the last 12 months, 2 members of Congress disclosed 4 purchases and 4 sales of Mercadolibre Inc shares.

  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $15,001 - $50,000, traded June 10, 2026, filed July 2, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Sale (full), $1,001 - $15,000, traded May 14, 2026, filed June 8, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Sale (partial), $1,001 - $15,000, traded March 25, 2026, filed April 7, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around October 28, 2026 estimated from the company's past filing pattern, not announced

  • August 5, 2026
  • May 7, 2026
  • February 24, 2026
  • October 29, 2025
  • August 4, 2025
  • May 7, 2025

Recent SEC filings

Data status

When each part of this page on Mercadolibre Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Mercadolibre Inc in brief

What does Mercadolibre Inc do?
Mercadolibre Inc is a US-listed company in the business services, nec industry. Its financial year ends in December.
What is Mercadolibre Inc's stock ticker?
Mercadolibre Inc trades under the ticker MELI on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Mercadolibre Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Mercadolibre Inc reported revenue of $35.2B, 46.0% higher than a year earlier, according to its SEC filings.
What is Mercadolibre Inc's free cash flow?
Mercadolibre Inc's free-cash-flow margin is 35.3% of revenue over the trailing twelve months, ranking 12 of the 579 industrials companies we cover.
Who are Mercadolibre Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Capital Research Global Investors, Baillie Gifford & Co and Capital International Investors. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Mercadolibre Inc's market cap?
On November 2, 2026, Mercadolibre Inc's market capitalisation was about $85B, with a price-to-earnings ratio of 45.6 and net debt of $7.3B. Market figures come from third-party market data and may be delayed.
How much debt does Mercadolibre Inc have?
Mercadolibre Inc's debt-to-equity ratio is 135.6%, from its latest balance sheet (229.8% five years earlier). The financial health section below sets out its other solvency checks.
Who are Mercadolibre Inc's competitors?
In our Industrials peer group, the companies closest to Mercadolibre Inc are Cummins, Quanta Services, Southwest Airlines, Eaton Corporation and Paccar. The side-by-side comparison below sets their revenue, margins and growth against Mercadolibre Inc's.
Are insiders buying or selling Mercadolibre Inc stock?
Over the last 12 months, Mercadolibre Inc's directors and officers reported 4 open-market purchases and 3 sales on Form 4. The insider trading page charts every trade.
When is Mercadolibre Inc's next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Mercadolibre Inc announces its own schedule.