MercadoLibre Financial Statements
NASDAQ: MELIConsumer DiscretionaryBusiness ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
MercadoLibre revenue and earnings
In fiscal 2025, MercadoLibre generated $28.89 billion in revenue, up 39.1% from fiscal 2024, its 17th consecutive year of revenue growth. Net income was $2.00 billion (+4.5% year over year), for a net margin of 6.9% versus a median of 4.5% in the prior 5 years. Gross margin was 44.5% (down from 46.1%) and operating margin 11.1%.
Diluted earnings per share came in at $39.40, up from $37.69. Over the last 5 fiscal years, MELI's revenue has grown at a 48.7% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
MercadoLibre income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 28.89B | 20.78B | 15.11B | 10.78B | 7.07B | 3.97B | 2.30B | 1.44B | 1.22B | 844.40M |
| Revenue growth (YoY) | +39.06% | +37.53% | +40.14% | +52.50% | +77.88% | +73.06% | +59.50% | +18.34% | +44.07% | +29.55% |
| Cost of Revenue | 16.04B | 11.20B | 7.52B | 5.58B | 4.06B | 2.27B | 1.19B | 742.64M | 496.94M | 307.54M |
| Gross Profit | 12.86B | 9.58B | 7.59B | 5.20B | 3.00B | 1.71B | 1.10B | 697.01M | 719.60M | 536.86M |
| Operating Expenses | 9.66B | 6.95B | 5.38B | 4.13B | 2.56B | 1.58B | 1.26B | 766.49M | 663.33M | 355.80M |
| Research & Development | 2.27B | 1.93B | 1.83B | 1.10B | 590.00M | 353.00M | 223.81M | 146.27M | 127.16M | 98.48M |
| Selling, General & Admin | 4.30B | 3.15B | 2.50B | 1.96B | 1.54B | 1.09B | 1.03B | 620.22M | 447.57M | 243.61M |
| Operating Income | 3.20B | 2.63B | 2.21B | 1.07B | 441.00M | 128.00M | -153.16M | -69.48M | 56.27M | 181.06M |
| Interest Expense | — | — | — | — | — | — | — | — | 18.51M | 17.88M |
| Pretax Income | 2.84B | 2.43B | 1.55B | 780.00M | 241.00M | 81.00M | -107.25M | -65.45M | 54.07M | 185.33M |
| Income Tax | 845.00M | 521.00M | 569.00M | 298.00M | 149.00M | 82.00M | 64.75M | -28.87M | 40.29M | 48.96M |
| Net Income | 2.00B | 1.91B | 987.00M | 482.00M | 83.00M | -1.00M | -172.00M | -36.59M | 13.78M | 136.37M |
| Net Income growth (YoY) | +4.50% | +93.62% | +104.77% | +480.72% | — | — | — | -365.49% | -89.89% | +28.90% |
| EPS (Basic) | 39.40 | 37.69 | 19.64 | 9.57 | 1.67 | -0.08 | -3.71 | -0.82 | 0.31 | 3.09 |
| EPS (Diluted) | 39.40 | 37.69 | 19.46 | 9.53 | 1.67 | -0.08 | -3.71 | -0.82 | 0.31 | 3.09 |
| Shares Outstanding (Basic) | 50.70M | 50.70M | 50.26M | 50.35M | 49.80M | 49.74M | 48.69M | 44.53M | 44.16M | 44.16M |
| Shares Outstanding (Diluted) | 50.70M | 50.70M | 51.01M | 51.34M | 49.80M | 49.74M | 48.69M | 44.53M | 44.16M | 44.16M |
| EBITDA | 4.02B | 3.25B | 2.73B | 1.47B | 645.00M | 233.00M | -79.84M | -23.69M | 97.19M | 210.08M |
| Gross Margin | 44.50% | 46.09% | 50.24% | 48.22% | 42.51% | 43.00% | 48.00% | 48.42% | 59.15% | 63.58% |
| Operating Margin | 11.08% | 12.66% | 14.61% | 9.92% | 6.24% | 3.22% | -6.67% | -4.83% | 4.63% | 21.44% |
| Net Margin | 6.91% | 9.20% | 6.53% | 4.47% | 117.00% | -3.00% | -7.49% | -2.54% | 113.00% | 16.15% |
This table shows 10 annual periods of MercadoLibre's income statement, from FY 2025 back to FY 2016, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow MELI's reporting calendar. What is a income statement?