MercadoLibre, Inc. (together with its subsidiaries “us,” “we,” “our,” "MercadoLibre," or the “Company”) is the leading online commerce and fintech ecosystem in Latin America. Our e-commerce platform is the leader in the region based on gross merchandise volume (“GMV”), and our fintech platform is the leader in monthly active users (“MAUs”) among fintech companies in Argentina, Chile and Mexico, and the second largest in Brazil. Mercado Libre's e-commerce platform is present in 18 countries (Argentina, Brazil, Mexico, Chile, Colombia, Peru, Uruguay, Venezuela (deconsolidated since December 2017), Bolivia, Costa Rica, Dominican Republic, Ecuador, Guatemala, Honduras, Nicaragua, Panama, Paraguay and El Salvador) and our fintech platform, Mercado Pago, is present in 8 countries (Argentina, Brazil, Mexico, Chile, Colombia, Peru, Uruguay and Ecuador).
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 28.9B | 28.9B | 20.8B | 15.1B | 10.5B | 7.1B |
| Net Income | 2.0B | 2.0B | 1.9B | 987M | 482M | 83M |
| EPS | $39.40 | $39.40 | $37.69 | $19.46 | $9.53 | $1.67 |
| Free Cash Flow | 10.8B | 10.8B | 7.1B | 4.6B | 2.5B | 392M |
| ROIC | 18.3% | 35.7% | 70.2% | 91.4% | 27.4% | 14.7% |
| Gross Margin | 44.5% | 44.5% | 46.1% | 50.2% | 49.0% | 42.5% |
| Debt/Equity | 1.36 | 1.36 | 1.31 | 1.46 | 2.60 | 2.30 |
| Dividends/Share | $0.00 | - | - | - | - | $0.00 |
| Operating Income | 3.2B | 3.2B | 2.6B | 2.2B | 1.0B | 441M |
| Operating Margin | 11.1% | 11.1% | 12.7% | 14.6% | 9.8% | 6.2% |
| ROE | 29.6% | 36.0% | 43.9% | 32.1% | 26.4% | 5.4% |
| Shares Outstanding | 51M | 51M | 51M | 51M | 51M | 50M |
MERCADOLIBRE INC passes 6 of 9 quality checks, suggesting mixed fundamentals.
MERCADOLIBRE INC trades at 46.5x trailing earnings, compared to its 15-year median P/E of 50.9x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 8.6x vs a median of 56.3x. The company's 5-year average ROIC is 47.9% with a gross margin of 46.5%. At current prices, the estimated annualized return to fair value is +77.1%.
MERCADOLIBRE INC (MELI) has a current P/E ratio of 46.5, compared to its historical median P/E of 50.9. The stock is currently considered Fair based on its historical valuation range.
MERCADOLIBRE INC (MELI) has a 5-year average return on invested capital (ROIC) of 47.9%. This indicates strong capital allocation and a potential competitive advantage.
MERCADOLIBRE INC (MELI) has a market capitalization of $92.9B. It is classified as a large-cap stock.
MERCADOLIBRE INC (MELI) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 0.00%.
Based on historical P/E analysis, MERCADOLIBRE INC (MELI) appears fair. The current P/E of 46.5 is 9% below its historical median of 50.9. The estimated fair value CAGR (P/E method) is 146.7%.
MERCADOLIBRE INC (MELI) operates in the Services-Business Services, Nec industry, within the Industrials sector.
MERCADOLIBRE INC (MELI) reported annual revenue of $28.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
MERCADOLIBRE INC (MELI) has a net profit margin of 6.9%. This is a modest margin.
MERCADOLIBRE INC (MELI) generated $10.8 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
MERCADOLIBRE INC (MELI) has a debt-to-equity ratio of 1.36. This indicates moderate leverage.
MERCADOLIBRE INC (MELI) reported earnings per share (EPS) of $39.40 in its most recent fiscal year.
MERCADOLIBRE INC (MELI) has a return on equity (ROE) of 36.0%. This indicates the company generates strong returns for shareholders.
MERCADOLIBRE INC (MELI) has a 5-year average gross margin of 46.5%. This indicates decent pricing power.
The Ledger Terminal provides 16 years of financial data for MERCADOLIBRE INC (MELI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
MERCADOLIBRE INC (MELI) has a book value per share of $133.14, based on its most recent annual SEC filing.