MELI on Nasdaq

Mercado Libre

Logo: Mercado Libre/Mercado Livre, Public domain, via Wikimedia Commons⁵

Argentine e-commerce company

MercadoLibre, Inc. (Spanish pronunciation: [meɾˈkaðo ˈliβɾe]), known as Mercado Livre in Brazil (Brazilian Portuguese pronunciation: [meʁˈkadu ˈlivɾi]), literally meaning "free market" in both languages, is a company of Argentine origin headquartered in Montevideo, Uruguay and incorporated in Delaware in the United States that operates online marketplaces dedicated to e-commerce and online auctions.³ From Wikipedia, CC BY-SA 4.0

$1,858.07 up 18.96 (1.03%)Price as of Oct 15, 2026 at 19:45 UTC

Last updated Oct 16, 2026.

Overview

Aug 2, 1997Founded¹

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TickerMELI on Nasdaq¹
Industrye-commerce¹
HeadquartersSaavedra¹
Websitewww.mercadolibre.com
Legal formDelaware corporation¹
Business addressDr. Luis Bonavita 1294 Of. 1733 Tower Ii, Montevideo, X3 11300⁶
Filer categoryLarge accelerated filer⁶

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

63.2%Gross margin⁹

15.7%Operating margin⁹

9.8%Net margin⁹

34.3%Revenue growth, 2025⁹

29.6%Return on equity⁹

1.36×Debt to equity⁹

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Service brought in 88% of the revenue Mercado Libre broke down this way in fiscal 2025.

Service$25.3B⁹88%up 36% from 2024
Product$3.6B⁹12%up 69% from 2024

Products and services by year

Products and services	2023	2024	2025
Service	$13.6B	$18.6B	$25.3B
Product	$1.5B	$2.1B	$3.6B

Business segments

Brazil brought in 50% of the revenue Mercado Libre broke down this way in fiscal 2025.

Brazil$15.2B⁹50%up 33% from 2024
Mexico$6.5B⁹21%up 39% from 2024
Argentina$6.0B⁹20%up 56% from 2024
Other Countries$1.3B⁹4%up 41% from 2024
Other Countries$1.3B⁹4%up 41% from 2024

Business segments by year

Business segments	2023	2024	2025
Brazil	$7.8B	$11.4B	$15.2B
Mexico	$3.1B	$4.7B	$6.5B
Argentina	$3.5B	$3.8B	$6.0B
Other Countries	$665.0M	$889.0M	$1.3B
Other Countries	$665.0M	$889.0M	$1.3B

Where the money goes

Where each dollar of revenue went, fiscal 2025

Cost of revenue

Cost of revenue76¢$16.0B
Research and development11¢$2.3B
Income tax4¢$845.0M
Profit9¢$2.0B

Out of $20.3B in revenue.⁹

Where each dollar of operating cash went, fiscal 2025

Kept or used elsewhere

Share buybacks0¢$1.0M
Kept or used elsewhere100¢$12.1B

Out of $12.1B of cash from operations.⁹

Financial statements

Revenue¹⁰¹¹¹²¹³⁹$20.3B in 2025+786% since 2019

Gross profit¹⁰¹¹¹²¹³⁹$12.9B in 2025+1067% since 2019

Operating income¹⁰¹¹¹²¹³⁹$3.2B in 2025

Net income¹⁰¹¹¹²¹³⁹$2.0B in 2025

Every line of the income statement in the latest annual report, as filed.⁹

Period ending	2025-12-31	2024-12-31	2023-12-31
Net revenues and financial income	$28.9B	$20.8B	$15.1B
Cost of net revenues and financial expenses	-$16.0B	-$11.2B	-$7.5B
Gross profit	$12.9B	$9.6B	$7.6B
Product and technology development	-$2.3B	-$1.9B	-$1.8B
Sales and marketing	-$3.2B	-$2.2B	-$1.7B
Provision for doubtful accounts	-$3.1B	-$1.9B	-$1.1B
General and administrative	-$1.1B	-$963.0M	-$766.0M
Total operating expenses	-$9.7B	-$6.9B	-$5.4B
Income from operations	$3.2B	$2.6B	$2.2B
Interest income and other financial gains, net	$138.0M	$148.0M	$135.0M
Interest expense and other financial losses	-$160.0M	-$165.0M	-$174.0M
Foreign currency losses, net	-$337.0M	-$182.0M	-$615.0M
Net income before income tax expense and equity in earnings of unconsolidated entity	$2.8B	$2.4B	$1.6B
Income tax expense	-$845.0M	-$521.0M	-$569.0M
Equity in earnings of unconsolidated entity	$0	$0	$3.0M
Net income	$2.0B	$1.9B	$987.0M
Basic net income available to shareholders per common share (in dollars per share)	$39.40	$37.69	$19.64
Weighted average of outstanding common shares (in shares)	50.7M shares	50.7M shares	50.3M shares
Diluted net income available to shareholders per common share (in dollars per share)	$39.40	$37.69	$19.46
Weighted average of outstanding common shares (in shares)	50.7M shares	50.7M shares	51.0M shares

Total assets¹⁶¹⁰¹¹¹²¹³⁹$42.7B in 2025+792% since 2019

Total liabilities¹⁶¹⁰¹¹¹²¹³⁹$35.9B in 2025+1230% since 2019

Shareholders’ equity¹¹¹²¹³⁹$6.7B in 2025+240% since 2019

Cash¹⁶¹⁰¹¹¹²¹³⁹$3.7B in 2025+165% since 2019

Long-term debt¹¹¹²¹³⁹$9.2B in 2025+161% since 2021

Every line of the balance sheet in the latest annual report, as filed.⁹

Period ending	2025-12-31	2024-12-31	2023-12-31
Cash and cash equivalents	$3.7B	$2.6B
Restricted cash and cash equivalents	$9.9B	$2.1B
Short-term investments	$2.6B	$4.5B
Accounts receivable, net	$369.0M	$255.0M
Credit card receivables and other means of payments, net	$6.9B	$5.3B
Loans receivable, net of allowances of $3,057 and $1,630 (Note 5)	$8.9B	$4.7B
Inventories	$570.0M	$296.0M
Other assets	$720.0M	$403.0M
Total current assets	$33.6B	$20.1B
Long-term investments	$1.8B	$1.2B
Credit card receivables and other means of payments, net	$153.0M	$0
Loans receivable, net of allowances of $86 and $48 (Note 5)	$510.0M	$179.0M
Property and equipment, net	$2.3B	$1.4B
Operating lease right-of-use assets	$2.2B	$1.1B
Goodwill	$163.0M	$149.0M	$163.0M
Intangible assets, net	$33.0M	$12.0M
Intangible assets at fair value	$0	$49.0M	$24.0M
Deferred tax assets	$1.5B	$802.0M
Other assets	$426.0M	$182.0M
Total non-current assets	$9.1B	$5.1B
Total assets	$42.7B	$25.2B
Accounts payable and accrued expenses	$4.5B	$3.2B
Funds payable to customers	$13.0B	$7.0B
Amounts payable due to credit and debit card transactions	$3.6B	$1.9B
Salaries and social security payable	$916.0M	$727.0M
Taxes payable	$1.1B	$525.0M
Loans payable and other financial liabilities	$4.6B	$2.8B
Operating lease liabilities	$430.0M	$241.0M
Other liabilities	$409.0M	$209.0M
Total current liabilities	$28.6B	$16.6B
Amounts payable due to credit and debit card transactions	$187.0M	$41.0M
Loans payable and other financial liabilities	$4.6B	$2.9B
Operating lease liabilities	$1.8B	$894.0M
Deferred tax liabilities	$372.0M	$204.0M
Other liabilities	$388.0M	$216.0M
Total non-current liabilities	$7.3B	$4.2B
Total liabilities	$35.9B	$20.8B
Common stock, 0.001 par value, $110,000,000 shares authorized, $50,697,182 and $50,697,375 shares issued and outstanding	$0	$0
Additional paid-in capital	$1.8B	$1.8B
Treasury stock, 225,931 and 225,474 shares	-$312.0M	-$311.0M
Retained earnings	$5.8B	$3.8B
Accumulated other comprehensive loss	-$520.0M	-$920.0M
Total equity	$6.7B	$4.4B	$3.1B
Total liabilities and equity	$42.7B	$25.2B
Loans receivable allowance, current	$3.1B	$1.6B
Loans receivable allowance, noncurrent	$86.0M	$48.0M
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized (in shares)	110.0M shares	110.0M shares
Common stock, shares issued (in shares)	50.7M shares	50.7M shares
Common stock, shares outstanding (in shares)	50.7M shares	50.7M shares
Treasury stock, shares (in shares)	225.9K shares	225.5K shares

Cash from operations¹⁰¹¹¹²¹³⁹$12.1B in 2025+2586% since 2019

Capital spending¹⁰¹¹¹²$509.0M in 2023+272% since 2019

Free cash flow¹⁰¹¹¹²¹³⁹$4.6B in 2023+1373% since 2019

Share buybacks¹⁰¹¹¹²¹³⁹$1.0M in 2025+39% since 2019

Every line of the cash flow in the latest annual report, as filed.⁹

Period ending	2025-12-31	2024-12-31	2023-12-31
Net income	$2.0B	$1.9B	$987.0M
Impairment of equity securities held at cost	$19.0M	$0	$0
Equity in earnings of unconsolidated entity	$0	$0	-$3.0M
Unrealized foreign currency losses, net	$457.0M	$286.0M	$487.0M
Depreciation and amortization	$818.0M	$617.0M	$524.0M
Accrued interest, financial income and other revenues	-$1.2B	-$415.0M	-$311.0M
Non cash interest expense and amortization of debt issuance costs and other charges	$396.0M	$114.0M	$113.0M
Provision for doubtful accounts	$3.1B	$1.9B	$1.1B
Provision for contingencies	$106.0M	$176.0M	$335.0M
Results on derivative instruments	$117.0M	-$42.0M	$39.0M
Results on digital assets at fair value	-$10.0M	-$25.0M	-$14.0M
Long term retention program (LTRP) accrued compensation	$303.0M	$261.0M	$167.0M
Deferred income taxes	-$469.0M	-$243.0M	-$284.0M
Receivables	-$1.5B	-$2.7B	-$1.4B
Inventories	-$235.0M	-$113.0M	-$69.0M
Other assets	-$491.0M	-$308.0M	-$55.0M
Payables and accrued expenses	$1.5B	$1.6B	$1.2B
Funds payable to customers	$5.3B	$3.6B	$1.5B
Amounts payable due to credit and debit card transactions	$1.6B	$1.2B	$693.0M
Other liabilities	$145.0M	$75.0M	$80.0M
Operating lease liabilities	-$408.0M	-$189.0M	-$168.0M
Interest received from investments	$584.0M	$229.0M	$255.0M
Net cash provided by operating activities	$12.1B	$7.9B	$5.1B
Purchases of investments	-$14.8B	-$16.7B	-$18.9B
Proceeds from sale and maturity of investments	$16.6B	$14.0B	$18.1B
Payments for acquired businesses, net of cash acquired	$0	-$6.0M	$0
Proceeds from settlements of derivative instruments	$3.0M	$29.0M	$0
Payments from settlements of derivative instruments	-$91.0M	-$14.0M	-$58.0M
Changes in loans receivable, net	-$6.7B	-$4.7B	-$2.0B
Investments in property and equipment, intangible assets and intangible assets at fair value	-$1.3B	-$860.0M	-$509.0M
Proceeds from sales of intangible assets at fair value	$75.0M	$0	$0
Net cash used in investing activities	-$6.2B	-$8.3B	-$3.5B
Proceeds from loans payable and other financial liabilities	$44.0B	$19.5B	$25.0B
Payments on loans payable and other financing liabilities	-$41.1B	-$17.5B	-$24.8B
Payments of finance lease liabilities	-$57.0M	-$51.0M	-$33.0M
Common Stock repurchased	-$1.0M	-$1.0M	-$356.0M
Net cash provided by (used in) financing activities	$2.9B	$2.0B	-$267.0M
Effect of exchange rate changes on cash, cash equivalents, restricted cash and cash equivalents	-$3.0M	-$739.0M	-$938.0M
Net increase in cash, cash equivalents, restricted cash and cash equivalents	$8.8B	$851.0M	$485.0M
Cash paid for interest	$611.0M	$456.0M	$608.0M
Cash paid for income tax	$1.0B	$1.1B	$651.0M
Finance lease liabilities	$40.0M	$52.0M	$99.0M
Right-of-use assets obtained under operating leases	$1.2B	$516.0M	$314.0M
Property and equipment obtained under finance leases	$40.0M	$52.0M	$99.0M
Contingent considerations and escrows from acquired business	$0	$4.0M	$0
Investments in intangible assets not paid	$20.0M	$0	$0

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The story

Founded by Marcos Galperin on Aug 2, 1997.¹

MercadoLibre was founded on August 2, 1999 in Buenos Aires, Argentina. Founder and CEO Marcos Galperin established the company while attending Stanford University in Palo Alto, California, United States. He acquired funding from John Muse, co-founder of HM Capital Partners. MercadoLibre received additional funding from JPMorgan Partners, Flatiron Partners, Goldman Sachs, GE Capital, and Banco Santander Central Hispano. In 1999, MercadoLibre was chosen as an Endeavor company.

In September 2001, the American online auction company eBay purchased a 19.5% stake in the company. eBay sold its stake in MercadoLibre in 2016, but the companies continue to collaborate to expand eBay sellers into Latin America. eBay opened its first branded store on the MercadoLibre marketplace from Chile in March 2017. The following month, MercadoLibre acquired iBazar Como, the Brazilian subsidiary of eBay's earlier acquisition, iBazar S.A. In 2006, MercadoLibre.com launched new operations in Costa Rica, Panama and the Dominican Republic.

In August 2007, MercadoLibre became the first Latin American technology company to be listed on the NASDAQ, under the ticker MELI. MercadoLibre acquired competitor DeRemate's operations in August 2008. MercadoLibre also acquired Classified Media Group (CMG) in 2008. CMG established the Latin American e-commerce portals tucarro.com and tuinmueble.com.

In 2011, the company transitioned its platform to open source technology. The transition allowed application programming interface (API) developers to expand the platform's solutions and services. In 2013, MercadoLibre launched the MeLi Commerce Fund, dedicated to investing in technology startups that create software using MercadoLibre's APIs.

By August 2016, the fund had invested US$1.5 million in 15 companies in Argentina, Brazil, Colombia and Mexico. MercadoLibre acquired Portal Inmobiliario, a Chilean classified ad website, in 2014. In 2015, MercadoLibre announced its acquisition of Metroscúbicos.com, the portal of Mexico-based real estate company Grupo Expansión.

In 2016, MercadoLibre relocated its Brazilian headquarters to new offices in São Paulo, Brazil. The 17,000 square meter complex, named Melicidade, held a cafeteria, auditorium, gym, beauty parlor, meeting and training rooms, and a recreation area. In March 2016, MercadoLibre announced its expansion into Córdoba, Argentina with its new software center.

However, the company announced that the offices located in Córdoba would be closing their doors in August 2025, citing the high cost of municipal taxes, with all the company's staff continuing their work remotely. MercadoLibre opened its first Colombian office in Bogotá in October 2016. It was the company's fourth customer service center in Latin America, following centers in Argentina, Brazil and Uruguay.

On June 19, 2017, MercadoLibre became a NASDAQ-100 company. In 2019, MercadoLibre opened its first distribution centers in Argentina, Brazil and Mexico. In March 2020, MercadoLibre announced its new distribution centers in Chile and Colombia. In June 2020, MercadoLibre announced its new software center in Colombia. In March 2021, MercadoLibre announced an investment of R$1.8 billion in its Brazilian operations.

Read the full text

In April 2025, MercadoLibre announced a ARS$2.6 billion investment in Argentina, representing a 53% increase from the previous year, as part of its regional expansion strategy across Latin America, with plans to hire 2,000 additional employees and expand its logistics network and technological capabilities.

From Wikipedia’s article on MercadoLibre, shared under CC BY-SA 4.0.⁷

Leadership

Who has led Mercado Libre, and when. Pick a name to see everywhere that person has worked.

FounderMarcos Galperin¹

Products and brands

MercadoLibre operates under five main business units. MarketPlace is its platform for users to sell products, MercadoPago is its payment platform for online sales, Mercado Publicado is the advertising portion of MercadoLibre, MercadoShops is a tool designed to enhance the platform's overall ecosystem, and Mercado Crédito is the company's credit line.

MercadoLibre's MarketPlace is a platform designed to match buyers and sellers. Customers bid for items or pay a set price for offered products. Items are delivered after payment, and users can provide feedback. 3,000 official stores or brands work with MercadoLibre. MercadoLibre also runs a real estate and motors division under the name MercadoLibre Classificados. Realtors pay a monthly fee to list properties and automobiles on the MercadoLibre platform.

MercadoLibre launched MercadoPago, a secure payment system, to diversify payment options. MercadoPago processed 138.7 million transactions in 2016, which was a 73% improvement from 2015. Launched in 2012, MercadoShops was designed to allow small and medium-sized companies to open virtual stores on their existing websites. The stores feature integration with social network sites.

In October 2014, a mobile app was released for MercadoPago which used a credit card reader to allow charges to be processed using a tablet or smartphone using a QR code. The company expanded MercadoPago into Colombia in July 2016. Mercado Crédito's credit process works with buyers and sellers. Rate types for credit lines are determined through a borrower profile. In September 2018, an alliance with BIND Group was announced, through which users of MercadoPago's digital wallet could invest their available balance in units of a mutual fund structured and managed by BIND.

Read the full text

Sponsorships

MercadoLibre is the title sponsor of the Liga Profesional de Fútbol (AFA), having signed a deal for the 2026-2027 season, and currently sponsors all CONMEBOL club competitions. MercadoLibre is the personal sponsor of Argentine Formula One driver Franco Colapinto, hence the company's logo appears on the Williams and Alpine cars he has driven.

From Wikipedia’s article on MercadoLibre, shared under CC BY-SA 4.0.⁷

Controversies and legal

Controversies

Unauthorized access

On March 7, 2022, a cybercriminal group known as Lapsus$ gained access to the data of approximately 300,000 users. The multinational company acknowledged the incident and issued a statement saying that "no evidence was found that the infrastructure systems had been compromised or that user passwords, account balances, investments, financial information, or payment card details had been obtained."

From Wikipedia’s article on MercadoLibre, shared under CC BY-SA 4.0.⁷

Timeline

Aug 2, 1997Founded Founded¹

Recent filings

Sep 16, 2026CERT MELI CERT - SIGNED
Sep 15, 20268-A12B
Sep 14, 20268-K
Sep 10, 20268-K
Sep 10, 2026424B2
Sep 9, 2026FWP
Sep 8, 2026424B2
Aug 6, 202610-Q
Aug 5, 20268-K
Jun 26, 20263
Jun 18, 2026SCHEDULE 13D/A
Jun 15, 20264
Jun 12, 20268-K CURRENT REPORT
Jun 12, 20264
Jun 12, 20264

Every filing from the last three years, summarized. The full record is on SEC EDGAR.²

Sources

The numbers on this page point here. Each one links to the record it came from.

1
WikidataMercado Libre on Wikidata
2
SEC EDGARMercado Libre filings on SEC EDGAR
3
WikipediaMercado Libre on Wikipedia
4
Yahoo FinanceMELI quote
5
Wikimedia CommonsMercado Libre logo by Mercado Libre/Mercado Livre, Public domain
6
SEC EDGARMercado Libre filings on SEC EDGAR
7
WikipediaMercado Libre on Wikipedia (revision used)
8
Wikimedia CommonsMercado Libre photo by Fernando Martello, CC BY-SA 4.0
9
SEC EDGARMercado Libre 10-K for fiscal 2025
10
SEC EDGARMercado Libre 10-K for fiscal 2019
11
SEC EDGARMercado Libre 10-K for fiscal 2020
12
SEC EDGARMercado Libre 10-K for fiscal 2021
13
SEC EDGARMercado Libre 10-K for fiscal 2022
14
SEC EDGARMercado Libre 10-Q for fiscal 2026
15
SEC EDGARMercado Libre 10-Q for fiscal 2026
16
SEC EDGARMercado Libre 10-K for fiscal 2019

Overview

Financials

Key numbers, fiscal 2025

What sells

Products and services

Business segments

Where the money goes

Where each dollar of revenue went, fiscal 2025

Where each dollar of operating cash went, fiscal 2025

Financial statements

The story

Leadership

Products and brands

Sponsorships

Controversies and legal

Controversies

Unauthorized access

Timeline

Recent filings

Links

Sources