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Stocks / United States / MELI · Services-Business Services, Nec · Nasdaq

MercadoLibre, Inc. (MELI)

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MercadoLibre, Inc. (MELI) reported revenue of $10.2 billion for Q2 FY2026, the quarter ended 30 June 2026, up 49.8% on the same quarter a year earlier. Net income was $466 million, down 10.9% on the year, and diluted earnings per share $9.19. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$10.2 billionup 49.8%
Net income$466 milliondown 10.9%
Diluted EPS$9.19
QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROE23.8%
ROCE15.7%
Operating margin8.3%
Net margin5.3%
FCF margin35.3%
Interest covern/a
Debt to equity1.36
Cash conversion7.46
Share count, 1 year-0.0%
Sales CAGR, 3 years38.9%
Profit CAGR, 3 years60.6%
EPS, TTM$36.77

At the close of 25 September 2026

Price$1,752.61
Market cap$88.9 billion
Stock P/E47.66
Price to book11.34
EV / EBITDA24.62
Dividend yield0.0%
Market cap / sales2.53
52-week high$2,501.31
52-week low$1,546.81
Price, 1 year-29.7%
Price CAGR, 3 years11.4%
Price CAGR, 5 years-1.3%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, SimFin, daily share prices, by SimFin, for splits. Debt to equity here stands on long-term debt as MercadoLibre, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 20 September 2021 to 25 September 2026

Daily closes from SimFin, daily share prices, by SimFin, for splits; the last is 25 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on MELI

Filings17 in twelve months: 10 current reports (8-K), about 4 results of operations; 2 other events; 2 material agreement; 2 regulation fd disclosure; 1 shareholder vote
Planned insider sales1 Form 144 notice in twelve months, $1.7 million; latest 12 December 2025
Options tapeput/call 0.75 by open interest on 26 September 2026; the straddle prices a 3.7% move to 2 October 2026
Holders14 of the followed funds hold it; largest Capital Research Global Investors; 2 Schedule 13D or 13G filings in twelve months
Insider trading3 sales and 4 purchases on Form 4 in twelve months
Congress4 House trades disclosed in six months
Short interest825,938 shares short, 2.01 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue3,7604,2614,3335,0735,3126,0595,9356,7907,4098,7598,84510,169
Cost of revenue1,7652,3592,3092,7082,8733,3103,1643,6964,2004,9754,9836,010
Gross profit1,9951,9552,0242,3652,4392,7492,7713,0943,2093,7843,8624,159
Gross margin53%46%47%47%46%45%47%46%43%43%44%41%
R&D396686458460504512551567567584699729
Operating income685335528726557820763825724889611683
Operating margin18%8%12%14%10%14%13%12%10%10%7%7%
Pre-tax income531230481668520763706716636784579606
Tax rate32%28%28%21%24%16%30%27%34%29%28%23%
Net income359165344531397639494523421559417466
Net margin10%4%8%10%7%11%8%8%6%6%5%5%
Diluted EPS$7.16$3.25$6.78$10.48$7.83$12.60$9.74$10.31$8.32$11.03$8.23$9.19
Operating cash flow9411,9281,5121,8821,6002,9241,0312,9172,9595,2092,0753,662
Capital expenditure126180146183222309272287357427271441
Free cash flow8151,7481,3661,6991,3782,6157592,6302,6024,7821,8043,221
Buybacks1490.00.01.00.00.0n/an/a1.0n/an/an/a
Shares outstanding50m51m51m51m51m51m51m51m51m51m51m51m
Filing10-K10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 10 fiscal years and the trailing twelve months

FY2016FY2017 †FY2018FY2019FY2020 †FY2021 †FY2022 †FY2023 †FY2024FY2025TTM
Revenue8441,2171,4402,2963,9737,06910,78015,10720,77728,89335,182
Cost of revenue3084977431,1942,2644,0645,5827,51711,20016,03520,168
Gross profit5377206971,1021,7093,0055,1987,5909,57712,85815,014
Gross margin63.6%59.2%48.4%48.0%43.0%42.5%48.2%50.2%46.1%44.5%42.7%
Research and development98.51271462243525901,0991,8311,9342,2692,579
Operating income18156.3-69.5-1531284411,0692,2072,6313,2012,907
Operating margin21.4%4.6%-4.8%-6.7%3.2%6.2%9.9%14.6%12.7%11.1%8.3%
Interest expense17.918.5n/an/an/an/an/an/an/an/an/a
Pre-tax income18554.1-65.5-10781.02417801,5532,4322,8422,605
Income tax49.040.3-28.964.882.0149298569521845742
Effective tax rate26.4%74.5%n/an/a101.3%61.8%38.2%36.6%21.4%29.7%28.5%
Net income13613.8-36.6-172-1.083.04829871,9111,9971,863
Net margin16.1%1.1%-2.5%-7.5%-0.0%1.2%4.5%6.5%9.2%6.9%5.3%
Diluted EPS$3.09$0.31-$0.82-$3.71-$0.08$1.67$9.53$19.46$37.69$39.40$36.77
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2016FY2017 †FY2018FY2019FY2020 †FY2021 †FY2022 †FY2023 †FY2024FY2025TTM
Operating cash flow1902692314511,1839652,9405,1407,91812,11613,905
Capital expenditure68.555.293.11372475734545098601,3431,496
Free cash flow1222141383149363922,4864,6317,05810,77312,409
Free cash flow margin14.4%17.6%9.6%13.7%23.5%5.5%23.1%30.7%34.0%37.3%35.3%
Depreciation and amortisation29.040.945.873.3105204403524617818985
Share-based compensation23.035.727.5n/an/an/an/an/an/an/an/a
Buybacksn/an/an/a0.754.14861483561.01.0n/a
Dividends paid24.426.56.6n/an/an/an/an/an/an/an/a
Dividend per share$0.60$0.60n/an/an/an/an/an/an/an/an/a
Diluted shares, weighted44m44m45m49m50m50m51m51m51m51m51m
Shares outstanding at period end44m44m45m50m50m50m50m51m51m51m51m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2016FY2017 †FY2018FY2019FY2020 †FY2021 †FY2022 †FY2023 †FY2024FY2025TTM
Total assets1,3671,6732,2404,7826,52610,10113,73617,64625,19642,66751,356
Cash and equivalents2343884401,3851,8562,5851,9102,5562,6353,6703,649
Receivables25.428.235.235.449.798.2130156255369418
Inventory1.12.54.68.6118253152238296570822
Goodwill91.892.388.987.685.0148153163149163168
Long-term debtn/an/an/an/an/a3,5184,7584,4955,7159,19310,626
Long-term debt including finance leasesn/an/a6026318612,2332,6272,2032,8874,570n/a
Borrowings, as the company tags themn/an/a550569596n/an/an/an/an/an/a
Operating lease liabilitiesn/an/a0.01772443725146728941,7692,037
Finance lease liabilitiesn/an/a5.77.416.336.037.096.081.082.066.0
Shareholders' equity4293263371,9831,6521,5321,8273,0714,3516,7487,834
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a48.7%38.9%46.0%
Profit growth, compoundedn/an/a60.6%-9.3%
Return on equity, average15.4%27.5%35.2%29.6%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Filings

FilingPeriodFiledWhere
10-Q30 June 20266 August 2026EDGAR
10-Q31 March 20268 May 2026EDGAR
10-K31 December 202525 February 2026EDGAR
10-Q30 September 202530 October 2025EDGAR
10-Q30 June 20255 August 2025EDGAR
10-Q31 March 20258 May 2025EDGAR
10-K31 December 202421 February 2025EDGAR
10-Q30 September 20247 November 2024EDGAR
10-Q30 June 20242 August 2024EDGAR
10-Q31 March 20243 May 2024EDGAR

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