MercadoLibre, Inc. operates online commerce platforms in Brazil, Mexico, Argentina, and internationally.
Profile & Fundamentals
MercadoLibre: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
MercadoLibre Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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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
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
- Market Cap
- USD 94.2B
- P/E
- 50.6x
- 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
Latest: 50.7M | Max: 51.3M | Min: 44.2M
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
99.78%
50.6M latest reported shares
Insider Ownership
6.96%
Latest reported insider stake
Short Float
0.02%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| 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 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| Capital Research Global Investors | 3,138,040 | 6.19% | 2026-06-30 |
| Baillie Gifford & Co Limited. | 3,040,410 | 6% | 2026-06-30 |
| Capital Research & Mgmt Co - Division 3 | 1,873,498 | 3.7% | 2026-06-30 |
| Capital World Investors | 1,773,692 | 3.5% | 2026-06-30 |
| Morgan Stanley - Brokerage Accounts | 1,585,256 | 3.13% | 2026-03-31 |
| Amvescap Plc. | 1,464,598 | 2.89% | 2026-03-31 |
| Eagle Capital Management LLC | 1,406,953 | 2.78% | 2026-06-30 |
| BlackRock Inc | 1,367,064 | 2.7% | 2026-03-31 |
| American Funds Growth Fd of Amer A | 1,351,927 | 2.67% | 2026-06-30 |
| T. Rowe Price Associates, Inc. | 1,237,320 | 2.44% | 2026-03-31 |
| Invesco QQQ Trust | 1,090,690 | 2.15% | 2026-08-31 |
| American Funds AMCAP A | 1,036,798 | 2.05% | 2026-06-30 |
| GFS Advisors, LLC | 954,175 | 1.88% | 2026-06-30 |
| JPMorgan Chase & Co | 847,071 | 1.67% | 2026-03-31 |
| Vanguard International Growth Inv | 726,072 | 1.43% | 2026-06-30 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
The business presents a striking financial contrast between rapid top-line growth and falling short-term net profit. In the second quarter of 2026, revenue surged roughly 50% year-over-year to $10.17 billion, highlighting extraordinary consumer engagement. However, net income fell 11% to $466 million, driven primarily by heavy upfront credit loss provisions and freight subsidies. This earnings gap reflects deliberate reinvestment rather than business decay. While headline free cash flow appears huge, it includes customer deposit balances and loan funding. Real owner profits will emerge as newly issued credit cards mature into profitable revolving balances.
The business presents a striking financial contrast between rapid top-line growth and falling short-term net profit. In the second quarter of 2026, revenue surged roughly 50% year-over-year to $10.17 billion, highlighting extraordinary consumer engagement. However, net income fell 11% to $466 million, driven primarily by heavy upfront credit loss provisions and freight subsidies. This earnings gap reflects deliberate reinvestment rather than business decay. While headline free cash flow appears huge, it includes customer deposit balances and loan funding. Real owner profits will emerge as newly issued credit cards mature into profitable revolving balances.
Revenue, Net Income, and Free Cash Flow
Latest: USD 28.9B | Max: USD 28.9B | Min: USD -172.0M
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 51x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Reported profit margins have experienced a sharp cyclical decline rather than a permanent breakdown. Operating margins fell to 6.7% in second-quarter 2026, down from over 12% a year earlier. This drop was caused by two deliberate managerial choices: offering lower free-shipping thresholds in Brazil and absorbing upfront expected credit loss provisions on millions of newly issued credit cards. Underneath this pressure, core business profitability is improving. Net interest margin after loan losses rebounded to 21%, while high-margin retail media advertising grew 73%. As newly acquired credit card cohorts mature and delivery network density increases, consolidated operating margins should stage a steady recovery toward double digits.
Reported profit margins have experienced a sharp cyclical decline rather than a permanent breakdown. Operating margins fell to 6.7% in second-quarter 2026, down from over 12% a year earlier. This drop was caused by two deliberate managerial choices: offering lower free-shipping thresholds in Brazil and absorbing upfront expected credit loss provisions on millions of newly issued credit cards. Underneath this pressure, core business profitability is improving. Net interest margin after loan losses rebounded to 21%, while high-margin retail media advertising grew 73%. As newly acquired credit card cohorts mature and delivery network density increases, consolidated operating margins should stage a steady recovery toward double digits.
Profitability Margins
Latest: 44.5% | Max: 63.6% | Min: -7.5%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
44.5%
Gross profit / revenue
Operating Margin
11.1%
Operating income / revenue
Net Margin
6.9%
Net income / revenue
FCF Margin
37.3%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 844,396,000 | 136,366,000 | 112,889,000 |
| 2017-12-31 | 1,216,542,000 | 13,780,000 | 194,126,000 |
| 2018-12-31 | 1,439,653,000 | -36,585,000 | 133,153,000 |
| 2019-12-31 | 2,296,314,000 | -171,999,000 | 314,221,000 |
| 2020-12-31 | 3,974,000,000 | -1,000,000 | 935,411,000 |
| 2021-12-31 | 7,069,000,000 | 83,000,000 | 355,547,000 |
| 2022-12-31 | 10,780,000,000 | 482,000,000 | 2,485,000,000 |
| 2023-12-31 | 15,107,000,000 | 987,000,000 | 4,631,000,000 |
| 2024-12-31 | 20,777,000,000 | 1,911,000,000 | 7,058,000,000 |
| 2025-12-31 | 28,893,000,000 | 1,997,000,000 | 10,773,000,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| 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 |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 63.58 | 21.44 | 16.15 | 13.37 |
| 2017-12-31 | 59.15 | 4.63 | 1.13 | 15.96 |
| 2018-12-31 | 48.42 | -4.83 | -2.54 | 9.25 |
| 2019-12-31 | 48 | -6.67 | -7.49 | 13.68 |
| 2020-12-31 | 43 | 3.22 | -0.03 | 23.54 |
| 2021-12-31 | 42.51 | 6.24 | 1.17 | 5.03 |
| 2022-12-31 | 48.22 | 9.92 | 4.47 | 23.05 |
| 2023-12-31 | 50.24 | 14.61 | 6.53 | 30.65 |
| 2024-12-31 | 46.09 | 12.66 | 9.2 | 33.97 |
| 2025-12-31 | 44.5 | 11.08 | 6.91 | 37.29 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-22.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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