MercadoLibre, Inc. MELI NDX

Consumer Cyclical · Internet Retail · Uruguay

https://www.mercadolibre.com

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.

Market & Price

Market Cap

$85.96B

Current Price

$1,695.65

High / Low (52W)

$2,613.63 / $1,546.81

Beta

1.41

Valuation

Stock P/E

44.85

Industry PE

22.37

Forward P/E

28.61

PEG Ratio

1.05

Book Value

$143.62

Price to Book

11.81

P/S

2.70

EV/EBITDA

23.52

Dividend Yield

Profitability & Returns

ROCE

21.39%

ROE

31.26%

ROA

5.11%

Profit Margin

6.04%

Op Margin

6.91%

EPS (Latest Qtr)

$8.23

EPS (TTM)

$37.81

Balance Sheet & Liquidity

Debt/Equity

1.70

Quick Ratio

0.44

Current Ratio

1.16

Debt

$12.38B

Total Assets

$42.67B

Current Assets

$33.57B

Working Capital

$4.94B

Ownership

Promoter Holding

7.26%

Chg in Prom Hold

FII / Inst Holding

82.98%

Chg in FII Hold

-0.00%

Financial Snapshot

Enterprise Value

$92.68B

Total Revenue (TTM)

$31.80B

EBITDA

$3.94B

Free Cash Flow

$-4.10B

Operating Cash Flow

$13.16B

Shares Outstanding

50.70M

Gross Margin

49.47%

Payout Ratio

0.00%

Growth (CAGR)

Revenue 5Y

38.91%

Profit 5Y

60.61%

Revenue (YoY)

49.00%

Earnings (YoY)

-15.60%

PROS

Strong return on equity of 31.3%.
Healthy ROCE of 21.4%.
Compounding revenue at 38.9% over 5 years.
Profit CAGR of 60.6% over 5 years.

CONS

Trading 35.1% below its 52-week high.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Consumer Cyclical).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	MELI MercadoLibre, Inc. NDX	1,695.65	44.85	$85.96B	-	21.39%	31.26%	38.91%	60.61%
2	AMZN Amazon.com, Inc. NDXSPXAI	270.64	31.65	$2.91T	-	16.60%	24.29%	11.73%	984.47%
3	TSLA Tesla, Inc. NDXSPXAI	435.79	399.81	$1.64T	-	5.29%	4.90%	5.19%	-32.94%
4	HD The Home Depot, Inc. SPX	317.14	22.52	$316.23B	2.94%	28.92%	128.38%	1.52%	-6.11%
5	MCD McDonald's Corporation SPX	279.20	23.04	$198.37B	2.66%	22.63%	-	5.06%	11.50%
6	TJX The TJX Companies, Inc. SPX	154.75	30.11	$171.12B	1.24%	32.91%	61.25%	6.53%	16.24%
7	BKNG Booking Holdings Inc. NDXSPX	167.43	22.09	$129.74B	0.96%	67.24%	-	16.35%	20.90%
8	LOW Lowe's Companies, Inc. SPX	214.36	18.12	$120.26B	2.24%	29.62%	-	-3.85%	1.11%
9	PDD PDD Holdings Inc. NDX	84.44	8.87	$120.19B	-	28.69%	25.40%	49.00%	45.85%

Quarterly Results

Figures in USD.

Metric	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	269.68M	283.88M	304.92M	358.06M	320.98M	335.38M	355.28M	428.02M	473.77M	545.24M	603.03M	674.27M	652.00M	878.00M	1.12B	1.33B	1.38B	1.70B	1.86B	2.13B	2.25B	2.60B	2.69B	3.00B	2.17B	2.48B	2.71B	-	3.10B	3.77B	-	-	5.93B	6.79B	7.41B	8.76B	8.85B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.16B	3.70B	4.20B	4.97B	4.98B
Gross Profit	126.30M	145.65M	162.73M	168.86M	171.55M	175.83M	203.36M	162.76M	159.75M	169.72M	204.78M	237.00M	272.43M	284.34M	308.35M	313.00M	427.00M	480.00M	489.00M	591.00M	754.00M	807.00M	853.00M	1.07B	1.28B	1.35B	1.46B	1.61B	1.83B	2.10B	2.05B	2.02B	2.37B	-	-	2.77B	3.09B	3.21B	3.78B	3.86B
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.01B	2.27B	2.48B	2.90B	3.25B
Operating Income	32.19M	53.71M	-	63.31M	30.02M	27.54M	-	-29.42M	-28.24M	-11.00M	-	10.14M	-12.49M	-81.92M	-	-29.69M	99.44M	83.07M	-	91.00M	166.00M	160.00M	-	139.00M	250.00M	296.00M	-	418.00M	669.00M	785.00M	335.00M	528.00M	726.00M	-	-	763.00M	825.00M	724.00M	889.00M	611.00M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	917.00M	951.00M	880.00M	1.07B	890.00M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	39.00M	36.00M	35.00M	50.00M	65.00M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	706.00M	716.00M	636.00M	784.00M	579.00M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	212.00M	193.00M	215.00M	225.00M	162.00M
Net Income	15.86M	38.91M	-	48.52M	5.32M	27.67M	-67.72M	-12.92M	-11.25M	-10.08M	-2.34M	11.86M	16.22M	-146.08M	-54.00M	-21.00M	56.00M	15.00M	-51.00M	-34.00M	68.00M	95.00M	-46.00M	65.00M	123.00M	129.00M	165.00M	201.00M	262.00M	359.00M	165.00M	344.00M	531.00M	-	-	494.00M	523.00M	421.00M	559.00M	417.00M
Diluted EPS	0.36	0.88	1.16	1.10	0.12	0.63	-1.53	-0.29	-0.25	-0.23	-0.05	0.13	0.31	-2.96	-1.11	-0.44	1.11	0.28	-1.02	-0.68	1.37	1.92	-0.92	1.30	2.43	2.56	3.25	3.97	5.16	7.16	3.25	6.78	10.48	-	-	9.74	10.31	8.32	11.03	8.23
R&D Expense	-	-	-	-	-	-	-	38.40M	33.44M	35.48M	-	52.37M	53.92M	59.49M	-	73.44M	73.25M	88.80M	-	126.00M	147.00M	138.00M	-	234.00M	262.00M	278.00M	-	381.00M	368.00M	396.00M	686.00M	458.00M	460.00M	504.00M	-	551.00M	567.00M	567.00M	-	699.00M

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	-	-	1.22B	1.44B	2.30B	3.97B	-	10.78B	15.11B	20.78B	28.89B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5.58B	7.52B	11.20B	16.04B
Gross Profit	109.49M	136.89M	170.17M	226.88M	275.52M	342.52M	397.56M	436.80M	536.86M	719.60M	697.01M	1.10B	1.71B	-	5.20B	7.59B	9.58B	12.86B
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4.13B	5.38B	6.95B	9.66B
Operating Income	37.52M	56.03M	74.60M	99.77M	129.66M	153.54M	120.47M	139.20M	181.06M	56.27M	-69.48M	-153.16M	128.00M	-	1.07B	2.21B	2.63B	3.20B
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.32B	2.25B	3.21B	3.82B
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	135.00M	174.00M	165.00M	160.00M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	780.00M	1.55B	2.43B	2.84B
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	298.00M	569.00M	521.00M	845.00M
Net Income	18.81M	33.21M	56.03M	76.80M	101.25M	117.51M	72.58M	105.79M	136.37M	13.78M	-36.59M	-172.00M	-1.00M	-	482.00M	987.00M	1.91B	2.00B
Diluted EPS	0.42	0.75	1.27	1.73	2.30	2.66	1.63	2.40	3.09	0.31	-0.82	-3.71	-0.08	-	9.53	19.46	37.69	39.40
R&D Expense	-	-	-	-	-	-	-	-	98.48M	127.16M	146.27M	223.81M	353.00M	590.00M	1.10B	1.83B	1.93B	2.27B

Compounded Sales Growth

5 Years:	38.91%
1 Year:	49.00%

Compounded Profit Growth

5 Years:	60.61%
1 Year:	-15.60%

Stock Price Performance

1 Year:	-33.85%
6 Months:	-17.49%
3 Months:	-3.52%
1 Month:	-4.04%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	182.61M	269.68M	355.93M	478.67M	592.36M	966.85M	1.00B	1.37B	1.67B	2.24B	4.78B	6.53B	-	13.74B	17.61B	25.20B	42.67B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10.95B	14.26B	20.14B	33.57B
Cash & Equivalents	15.68M	17.47M	49.80M	56.83M	67.38M	101.49M	140.28M	223.14M	166.88M	234.14M	388.26M	440.33M	1.38B	1.86B	-	1.91B	2.56B	2.63B	3.67B
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	152.00M	238.00M	296.00M	570.00M
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	130.00M	156.00M	255.00M	369.00M
Total Liabilities	-	-	68.42M	97.96M	132.75M	184.86M	244.88M	611.06M	664.15M	938.58M	1.35B	1.90B	2.70B	4.87B	-	11.91B	14.54B	20.84B	35.92B
Current Liabilities	-	-	60.49M	88.39M	118.30M	169.53M	224.17M	292.62M	322.48M	576.60M	968.03M	1.17B	1.75B	3.64B	-	8.56B	11.26B	16.60B	28.63B
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.59B	2.11B	2.81B	4.49B
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5.41B	5.33B	6.85B	11.39B
Total Equity	91.67M	93.42M	114.19M	171.72M	219.18M	289.81M	343.48M	355.79M	339.46M	428.85M	325.78M	336.70M	1.98B	1.65B	-	1.83B	3.07B	4.35B	6.75B
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50.26M	50.70M	50.92M	50.92M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	55.78M	49.70M	67.90M	89.43M	139.89M	142.51M	-	221.37M	190.26M	269.01M	230.91M	451.09M	1.18B	-	2.94B	5.14B	7.92B	12.12B
Investing Cash Flow	-38.86M	-3.09M	-58.83M	-66.88M	-84.62M	-78.79M	-	-183.54M	-84.24M	-22.64M	-672.46M	-1.45B	-252.00M	-	-3.87B	-3.45B	-8.29B	-6.18B
Financing Cash Flow	-11.65M	-15.28M	-2.98M	-10.58M	-17.96M	-9.25M	-	-27.71M	-19.67M	-50.90M	608.88M	2.02B	242.00M	-	916.00M	-267.00M	1.96B	2.90B
Capital Expenditure	-4.90M	-3.80M	-13.21M	-18.92M	-16.75M	-113.76M	-34.43M	-39.15M	-68.53M	-55.16M	-93.14M	-136.80M	-247.00M	-	-455.00M	-509.00M	-860.00M	-1.34B
Free Cash Flow	50.87M	45.90M	54.68M	70.50M	123.14M	28.76M	-	182.22M	121.73M	213.85M	137.77M	314.29M	935.00M	-	2.48B	4.63B	7.06B	10.77B
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-15.00M	1.42B	1.59B	8.84B
Share Buybacks	-	-	-	-	-	1.01M	1.94M	2.71M	-	-	-	720.00K	54.00M	486.00M	148.00M	356.00M	1.00M	1.00M

Ratios (Annual)

Figures in %.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	59.2%	48.4%	48.0%	43.0%	-	48.2%	50.2%	46.1%	44.5%
Operating Margin %	-	-	-	-	-	-	-	-	-	4.6%	-4.8%	-6.7%	3.2%	-	9.9%	14.6%	12.7%	11.1%
Net Margin %	-	-	-	-	-	-	-	-	-	1.1%	-2.5%	-7.5%	-0.0%	-	4.5%	6.5%	9.2%	6.9%
ROE %	20.1%	29.1%	32.6%	35.0%	34.9%	34.2%	20.4%	31.2%	31.8%	4.2%	-10.9%	-8.7%	-0.1%	-	26.4%	32.1%	43.9%	29.6%
ROCE %	-	45.9%	41.1%	42.0%	41.9%	41.7%	17.9%	20.4%	22.9%	8.0%	-6.5%	-5.1%	4.4%	-	20.7%	34.8%	30.6%	22.8%

Shareholding Pattern

Insiders

7.26%

Institutions

82.98%

Public Float

89.47%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	BAILLIE GIFFORD & CO	6.38%	3.23M	$5.48B
2	Capital Research Global Investors	5.36%	2.72M	$4.61B
3	Capital World Investors	4.33%	2.19M	$3.72B
4	Capital International Investors	3.43%	1.74M	$2.95B
5	Morgan Stanley	3.13%	1.59M	$2.69B
6	Blackrock Inc.	2.70%	1.37M	$2.32B
7	Price (T.Rowe) Associates Inc	2.44%	1.24M	$2.10B
8	JPMORGAN CHASE & CO	1.67%	847.07K	$1.44B
9	Eagle Capital Management LLC	1.55%	785.94K	$1.33B
10	Schroder Investment Management Group	1.37%	697.09K	$1.18B

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MELI · Consumer Cyclical