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Profile & Fundamentals

MercadoLibre Profile & Fundamentals

Name: MercadoLibre financial chart data preview
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Company and Market Context

Company Profile & Ownership

MercadoLibre, Inc. operates online commerce platforms in Brazil, Mexico, Argentina, and internationally. The company operates Mercado Libre Marketplace, an online commerce platform that can be accessed through mobile app or website; and Mercado Pago, a financial technology solution platform, which offers comprehensive set of financial technology services to users and other users of its e-commerce platform. It also provides Mercado Fondo that allows users to invest funds deposited in their Mercado Pago accounts; Mercado Credito, which grants loans and obtains better funding alternatives; and Mercado Mercado Envios that facilitates the shipping of goods from the Company and sellers to buyers. In addition, the company provides Mercado Libre Classifieds, where users can list vehicles, properties, and services; Mercado Ads, an advertising platform, which enables retailers and brands to promote their products and services on the platform. MercadoLibre, Inc. was incorporated in 1999 and is headquartered in Montevideo, Uruguay.

Company profile record

MercadoLibre Inc.

Common Stock · Consumer Discretionary · Broadline Retail

Official website

Company

Company / asset: MercadoLibre Inc.
Security type: Common Stock
Sector: Consumer Discretionary
Industry: Broadline Retail
HQ: 🇺🇾 UY
Head office: WTC Free Zone, Montevideo, Uruguay, 11300

Leadership & scale

Chief executive: Mr. Ariel Szarfsztejn
CEO year born: 1983
Full-time employees: 123.7K
Fiscal year end: December
IPO date: 2007-08-10

Fundamentals snapshot

Updated 2026-09-13

Market Cap: USD 90.6B
P/E: 48.6x
Revenue (Q2 26): USD 10.2B
Profit (Q2 26): USD 466.0M
Dividend Yield: --
Revenue (FY 25): USD 28.9B
Shares in public float: 50.6M
Insider ownership: 6.96%

Reporting & identifiers

Symbol: MELI.NASDAQ
Listing: 🇺🇸 United States | Dividend Tax: 30%
Ticker Currency: USD
Income Statement Currency: USD
Balance Sheet Currency: USD
Cash Flow Currency: USD
EPS Currency: USD
Contract Type: SPOT
ISIN: US58733R1023
Asset ID: equity_b571d0a3-1231-5868-8c7f-c28d2a52406d

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Top holders

Capital Research Global Investors3,138,040 shares · 6.19% · Reported 2026-06-30
Baillie Gifford & Co Limited.3,040,410 shares · 6.00% · Reported 2026-06-30
Capital Research & Mgmt Co - Division 31,873,498 shares · 3.70% · Reported 2026-06-30
Capital World Investors1,773,692 shares · 3.50% · Reported 2026-06-30
Morgan Stanley - Brokerage Accounts1,585,256 shares · 3.13% · Reported 2026-03-31
Amvescap Plc.1,464,598 shares · 2.89% · Reported 2026-03-31
Eagle Capital Management LLC1,406,953 shares · 2.78% · Reported 2026-06-30

View more holders (8)

BlackRock Inc1,367,064 shares · 2.70% · Reported 2026-03-31
American Funds Growth Fd of Amer A1,351,927 shares · 2.67% · Reported 2026-06-30
Capital Group Growth Fnd of Amer Comp1,351,927 shares · 2.67% · Reported 2026-06-30
T. Rowe Price Associates, Inc.1,237,320 shares · 2.44% · Reported 2026-03-31
Invesco QQQ Trust1,090,690 shares · 2.15% · Reported 2026-08-31
American Funds AMCAP A1,036,798 shares · 2.05% · Reported 2026-06-30
Capital Group AMCAP Composite1,036,798 shares · 2.05% · Reported 2026-06-30
GFS Advisors, LLC954,175 shares · 1.88% · Reported 2026-06-30

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

The reports show a clear agreement that the company's core business is growing at an incredibly fast pace, with sales compounding at nearly 40% to 49% year-over-year. However, there is a temporary clash in how analysts view the recent drop in operating profits. Some are worried about the decline, while others point out that this is a deliberate choice. The company is intentionally using its massive cash flow to grow its credit card and loan business, which requires setting aside large cash reserves upfront for potential bad loans. The consensus is that once this rapid credit growth stabilizes, these upfront costs will drop, and profits will surge. While foreign currency fluctuations will continue to cause short-term noise in the reported numbers, the underlying cash-generating power of the business remains exceptionally strong and highly supportive of long-term growth.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

The reports reveal a fascinating debate over the company's profit margins. While gross margins remain highly stable and robust at around 45%, the recent drop in operating margins has caused some concern among short-sighted investors. However, the consensus view is that this compression is a deliberate, strategic weapon. The company is intentionally lowering shipping fees to crush competitors and front-loading credit provisions to capture market share. Looking ahead, analysts agree that margins will structurally expand as high-margin digital advertising and fintech services grow much faster than the core retail business. Once the current land-grab phase ends, are expected to snap back strongly. The key signal to watch is the stabilization of credit book growth, which will prove that the current margin dip was a highly profitable long-term investment rather than a sign of business decay.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-15.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2016-12-31	844,396,000	112,889,000	136,366,000	63.58	21.44	16.15	13.37
2017-12-31	1,216,542,000	194,126,000	13,780,000	59.15	4.63	1.13	15.96
2018-12-31	1,439,653,000	133,153,000	-36,585,000	48.42	-4.83	-2.54	9.25
2019-12-31	2,296,314,000	314,221,000	-171,999,000	48	-6.67	-7.49	13.68
2020-12-31	3,974,000,000	935,411,000	-1,000,000	43	3.22	-0.03	23.54
2021-12-31	7,069,000,000	355,547,000	83,000,000	42.51	6.24	1.17	5.03
2022-12-31	10,780,000,000	2,485,000,000	482,000,000	48.22	9.92	4.47	23.05
2023-12-31	15,107,000,000	4,631,000,000	987,000,000	50.24	14.61	6.53	30.65
2024-12-31	20,777,000,000	7,058,000,000	1,911,000,000	46.09	12.66	9.2	33.97
2025-12-31	28,893,000,000	10,773,000,000	1,997,000,000	44.5	11.08	6.91	37.29

Published valuation snapshots
Period end	P/E (times earnings)	Earnings basis
2025-12-31	51.14	Trailing four quarters
2024-12-31	45.11	Trailing four quarters
2023-12-31	80.72	Trailing four quarters
2022-12-31	90.02	Annual net income
2021-12-31	809.09	Annual net income

Shares outstanding — chart values
Reporting date	Shares outstanding
2017-01-01	44,157,400
2018-01-01	45,202,900
2019-01-01	49,710,000
2020-01-01	49,820,200
2021-01-01	49,803,000
2022-01-01	51,274,900
2023-01-01	50,697,500
2024-01-01	50,697,400
2025-01-01	50,697,300
2026-01-01	50,697,300

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Earnings, Profitability & Valuation
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Capital Expenditure & R&D
- Capital allocation AI review
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Balance Sheet
- Balance sheet AI review
- Assets, debt and equity
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Dividends & Actions
- Cash dividends paid
- Dividend indicators
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- Combined shareholder returns
- Available corporate actions
Company Events
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