MercadoLibre

MELI · NASDAQ · USD

$1,696.56+0.68%+$11.44

Close · October 2, 2026

At a glance

Revenue growth: +39.06%; 2025 vs 2024
Net income growth: +4.50%; 2025 vs 2024
Net margin: 6.9%; 2024: 9.2%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Income statement · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total revenue	28,893	20,777	15,107	10,780	7,069	3,974	2,296	1,440	1,217	844
Cost of revenue	14,250	9,833	6,352	4,770	3,495	1,940	1,005	603	390	232
Gross profit	14,643	10,944	8,755	6,010	3,574	2,034	1,291	836	827	612
Selling, general and administrative	7,388	5,012	3,552	3,018	1,965	1,228	1,031	620	448	244
Research and development	2,269	1,934	1,831	1,099	590	353	224	146	127	98.5
Operating income	3,201	2,631	2,207	1,081	450	128	-153	-69.5	145	195
EBIT	3,201	2,631	2,207	1,081	450	128	-153	-69.5	145	195
EBITDA	4,019	3,248	2,731	1,484	654	233	-79.8	-23.7	186	224
Interest expense	160	165	174	135	161	107	65.9	56.2	26.5	25.6
Pre-tax income	2,842	2,432	1,556	780	232	81.0	-107	-65.5	54.1	185
Income tax	845	521	569	298	149	82.0	64.8	-28.9	40.3	49.0
Net income	1,997	1,911	987	482	83.0	-1.0	-172	-36.6	13.8	136
Net income to common shareholders	1,997	1,911	987	482	83.0	-4.0	-181	-36.6	13.8	136
Basic EPS	39.39	37.69	19.64	9.57	1.67	-0.08	-3.71	-0.82	0.31	3.09
Diluted EPS	39.39	37.69	19.46	9.53	1.67	-0.08	-3.71	-0.82	0.31	3.09
Average shares (basic)	50.7	50.7	50.3	50.3	49.8	49.7	48.7	44.5	44.2	44.2
Average shares (diluted)	50.7	50.7	51.0	51.3	49.8	49.7	48.7	44.5	44.2	44.2
Dividend per share	—	—	—	—	—	—	—	—	0.60	0.60