Mercadolibre Inc income statement
In fiscal 2025, Mercadolibre Inc reported revenue of $28.89bn, up 39.1% on the year before, operating income of $3.20bn (a 11.1% margin) and net income of $2.00bn, or $39.40 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0.8 | 1.2 | 1.4 | 2.3 | 4.0 | 7.1 | 10.8 | 15.1 | 20.8 | 28.9 | 35.2 |
| Cost of revenue | 0.3 | 0.5 | 0.7 | 1.2 | 2.3 | 4.1 | 5.6 | 7.5 | 11.2 | 16.0 | 20.2 |
| Gross profit | 0.5 | 0.7 | 0.7 | 1.1 | 1.7 | 3.0 | 5.2 | 7.6 | 9.6 | 12.9 | 15.0 |
| Research and development | 0.1 | 0.1 | 0.1 | 0.2 | 0.4 | 0.6 | 1.1 | 1.8 | 1.9 | 2.3 | 2.6 |
| Selling and marketing | 0.2 | 0.3 | 0.5 | 0.8 | 0.8 | 1.1 | 1.3 | 1.7 | 2.2 | 3.2 | 4.0 |
| General and administrative | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 | 0.5 | 0.7 | 0.8 | 1.0 | 1.1 | 1.2 |
| Operating income | 0.2 | 0.1 | −0.1 | −0.2 | 0.1 | 0.4 | 1.1 | 2.2 | 2.6 | 3.2 | 2.9 |
| Interest expense | 0.0 | 0.0 | — | — | — | — | — | — | — | — | — |
| Income before tax | 0.2 | 0.1 | −0.1 | −0.1 | 0.1 | 0.2 | 0.8 | 1.6 | 2.4 | 2.8 | 2.6 |
| Income tax | 0.0 | 0.0 | −0.0 | 0.1 | 0.1 | 0.1 | 0.3 | 0.6 | 0.5 | 0.8 | 0.7 |
| 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 |
| Diluted shares (average) | 44m | 44m | 45m | 49m | 50m | 50m | 51m | 51m | 51m | 51m | 51m |
| EBITDA | 0.2 | 0.1 | −0.0 | −0.1 | 0.2 | 0.6 | 1.5 | 2.7 | 3.2 | 4.0 | 3.9 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5.3 | 6.1 | 5.9 | 6.8 | 7.4 | 8.8 | 8.8 | 10.2 |
| Cost of revenue | 2.9 | 3.3 | 3.2 | 3.7 | 4.2 | 5.0 | 5.0 | 6.0 |
| Gross profit | 2.4 | 2.7 | 2.8 | 3.1 | 3.2 | 3.8 | 3.9 | 4.2 |
| Research and development | 0.5 | 0.5 | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 | 0.7 |
| Selling and marketing | 0.6 | 0.6 | 0.6 | 0.8 | 0.8 | 1.0 | 1.0 | 1.1 |
| General and administrative | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 |
| Operating income | 0.6 | 0.8 | 0.8 | 0.8 | 0.7 | 0.9 | 0.6 | 0.7 |
| Income before tax | 0.5 | 0.8 | 0.7 | 0.7 | 0.6 | 0.8 | 0.6 | 0.6 |
| Income tax | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 |
| Net income | 0.4 | 0.6 | 0.5 | 0.5 | 0.4 | 0.6 | 0.4 | 0.5 |
| Diluted EPS | $7.83 | $12.60 | $9.74 | $10.31 | $8.32 | $11.03 | $8.23 | $9.19 |
| EBITDA | 0.7 | 1.0 | 0.9 | 1.0 | 0.9 | 1.1 | 0.9 | 1.0 |
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