MELI
MercadoLibre, Inc.
Stock
$1,696.56+11.44 (+0.68%)Close Oct 2, 2026
Income statement
| Line | Last 12 months | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $35.2B | $28.9B | $20.8B | $15.1B | $10.8B | $7.1B | $4.0B | $2.3B | $1.4B | $1.2B | $844M |
| Cost of revenue | $20.2B | $16.0B | $11.2B | $7.5B | $5.6B | $4.1B | $2.3B | $1.2B | $743M | $497M | $308M |
| Gross profit | $15.0B | $12.9B | $9.6B | $7.6B | $5.2B | $3.0B | $1.7B | $1.1B | $697M | $720M | $537M |
| R&D | $2.6B | $2.3B | $1.9B | $1.8B | $1.1B | $590M | $353M | $224M | $146M | $127M | $98M |
| SG&A | $5.2B | $4.3B | $3.2B | $2.5B | $2.0B | $1.5B | $1.1B | $1.0B | $620M | $448M | $244M |
| Other operating expenses | $4.3B | $3.1B | $1.9B | $1.1B | $1.1B | $435M | $133M | — | — | $89M | $14M |
| Operating income | $2.9B | $3.2B | $2.6B | $2.2B | $1.1B | $441M | $128M | −$153M | −$69M | $56M | $181M |
| Non-operating income | −$302M | −$359M | −$199M | −$654M | −$289M | −$200M | −$47M | $46M | $4.0M | −$2.2M | $4.3M |
| Pretax income | $2.6B | $2.8B | $2.4B | $1.6B | $780M | $241M | $81M | −$107M | −$65M | $54M | $185M |
| Taxes | $742M | $845M | $521M | $566M | $298M | $158M | $82M | $65M | −$29M | $40M | $49M |
| Net income | $1.9B | $2.0B | $1.9B | $987M | $482M | $83M | −$1.0M | −$172M | −$37M | $14M | $136M |
| Diluted EPS | $36.77 | $39.40 | $37.69 | $19.46 | $9.53 | $1.67 | −$0.08 | −$3.71 | −$0.82 | $0.31 | $3.09 |
| Diluted shares | — | 50.7M | 50.7M | 51.0M | 51.3M | 49.8M | 49.7M | 48.7M | 44.5M | 44.2M | 44.2M |
| Revenue growth | — | +39.1% | +37.5% | +40.1% | +52.5% | +77.9% | +73.1% | +59.5% | +18.3% | +44.1% | — |
| Gross margin | 42.7% | 44.5% | 46.1% | 50.2% | 48.2% | 42.5% | 43.0% | 48.0% | 48.4% | 59.2% | 63.6% |
| Operating margin | 8.3% | 11.1% | 12.7% | 14.6% | 9.9% | 6.2% | 3.2% | −6.7% | −4.8% | 4.6% | 21.4% |
| Net margin | 5.3% | 6.9% | 9.2% | 6.5% | 4.5% | 1.2% | 0.0% | −7.5% | −2.5% | 1.1% | 16.1% |