MercadoLibre (MELI) FY2024 results: revenue $20.8 billion, up 37.5% on the year
MercadoLibre, Inc. (MELI) reported revenue of $20.8 billion for fiscal 2024, the year ended 31 December 2024, up 37.5% on the year before. Net income was $1.9 billion, up 93.6%, and diluted earnings per share $37.69. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2025.
Revenue
$20.8 billion
+37.5% on the year
FY2017FY2024
Operating margin
12.7%
14.6% a year earlier
FY2017FY2024
Net income
$1.9 billion
+93.6% on the year
FY2017FY2024
Diluted EPS
$37.69
+93.7% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree 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.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
7,918
5,140
2,940
+54.0%
Capital expenditure
860
509
454
+69.0%
Free cash flow
7,058
4,631
2,486
+52.4%
Free cash flow margin
34.0%
30.7%
23.1%
Cash from investing
-8,287
-3,450
-3,871
Cash from financing
1,959
-267
916
Depreciation and amortisation
617
524
403
+17.7%
Buybacks
1.0
356
148
-99.7%
Diluted shares, weighted
51m
51m
51m
-0.6%
Shares outstanding at period end
51m
51m
50m
-0.0%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
4,351
3,071
1,827
+41.7%
Trading liabilities
0.0
n/a
n/a
Debt
5,715
4,495
4,758
+27.1%
Operating lease liabilities
894
672
514
+33.0%
Finance lease liabilities
81.0
96.0
37.0
-15.6%
Other liabilities
14,155
9,312
6,600
+52.0%
Total liabilities and equity
25,196
17,646
13,736
+42.8%
Fixed assets
1,380
1,250
993
+10.4%
Goodwill
149
163
153
-8.6%
Intangible assets
12.0
11.0
25.0
+9.1%
Investments
5,688
3,642
2,661
+56.2%
Loans
n/a
2,694
1,736
Cash and equivalents
2,635
2,556
1,910
+3.1%
Receivables
255
156
130
+63.5%
Inventory
296
238
152
+24.4%
Other assets
14,781
6,936
5,976
+113.1%
Total assets
25,196
17,646
13,736
+42.8%
10-K for the year ended 31 December 2024, filed 21 February 2025: the filing.