MELI MercadoLibre, Inc. - Common Stock
About MercadoLibre, Inc. - Common Stock Company overview from Wikipedia
MercadoLibre, Inc., known as Mercado Livre in Brazil, 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. As of 2016, Mercado Libre had 174.2 million users in Latin America, making it the region's most popular e-commerce site by number of visitors.
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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. As of 2016, Mercado Libre had 174.2 million users in Latin America, making it the region's most popular e-commerce site by number of visitors.
Aside from being the leading player in Argentina's e-commerce market, it also has operations in Bolivia, Brazil, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay, and Venezuela. In 2023, Time included Mercado Libre in the list of the 100 most influential companies in the world.
History
Mercado Libre was founded on August 2, 1999 in Buenos Aires, Argentina. Founder and CEO Marcos Galperin established the company while attending the Stanford State University in Palo Alto, California, United States. He acquired funding from John Muse, co-founder of HM Capital Partners. Mercado Libre received additional funding from JPMorgan Partners, Flatiron Partners, Goldman Sachs, GE Capital, and Banco Santander Central Hispano. In 1999, Mercado Libre was chosen as an Endeavor company.
In September 2001, online auction company eBay purchased a 19.5% stake in the company. eBay sold its stake in Mercado Libre in 2016, but the companies continue to collaborate to expand eBay sellers into Latin America. eBay opened its first branded store on the Mercado Libre marketplace from Chile in March 2017. The following month, Mercado Libre 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, Mercado Libre became the first Latin American technology company to be listed on the NASDAQ, under the ticker MELI. Mercado Libre acquired competitor DeRemate's operations in August 2008. Mercado Libre 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, Mercado Libre launched the MeLi Commerce Fund, dedicated to investing in technology startups that create software using Mercado Libre's APIs.
By August 2016, the fund had invested US$1.5 million in 15 companies in Argentina, Brazil, Colombia and Mexico. Mercado Libre acquired Portal Inmobiliario, a Chilean classified ad website, in 2014. In 2015, Mercado Libre announced its acquisition of Metroscúbicos.com, the portal of Mexico-based real estate company Grupo Expansión.
In 2016, Mercado Libre 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, Mercado Libre announced its expansion into Córdoba, Argentina with its new software center.
However, the company announced the Córdoba offices would be closed in August 2025, citing the high cost of municipal taxes, with all staff continuing their work remotely. Mercado Libre 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, Mercado Libre became a NASDAQ-100 company. In 2019, Mercado Libre opened its first distribution centers in Argentina, Brazil and Mexico. In March 2020, Mercado Libre announced its new distribution centers in Chile and Colombia. In June 2020, Mercado Libre announced its new software center in Colombia. In March 2021, Mercado Libre announced an investment of $1.8 billion in its Brazilian operations.
In April 2025, Mercado Libre announced a US$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.
Operations
Mercado Libre operates under five main business units. MarketPlace is its platform for users to sell products, Mercado Pago is its payment platform for online sales, Mercado Publicado is the advertising portion of Mercado Libre, Mercado Shops is a tool designed to enhance the platform's overall ecosystem, and Mercado Crédito is the company's credit line.
Mercado Libre'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 Mercado Libre. Mercado Libre also runs a real estate and motors division under the name Mercado Libre Classificados. Realtors pay a monthly fee to list properties and automobiles on the Mercado Libre platform.
Mercado Libre 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 Mercado Pago's digital wallet could invest their available balance in units of a mutual fund structured and managed by BIND.
Sponsorships
Mercado Libre is the title sponsor of the Liga Profesional de Fútbol, having signed a deal for the 2026-2027 season, and sponsors all CONMEBOL club competitions until 2026. Mercado Libre 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.
Corporate affairs
The key trends for Mercado Libre are (as of the financial year ending 31 December):
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."
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
MELI Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
MELI Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| Dec. 28, 2017 | $0.1500 |
| Sept. 28, 2017 | $0.1500 |
| June 28, 2017 | $0.1500 |
| March 29, 2017 | $0.1500 |
| Dec. 28, 2016 | $0.1500 |
| Sept. 28, 2016 | $0.1500 |
| June 28, 2016 | $0.1500 |
| March 29, 2016 | $0.1500 |
| Dec. 29, 2015 | $0.1030 |
| Sept. 28, 2015 | $0.1030 |
| June 26, 2015 | $0.1030 |
| March 27, 2015 | $0.1030 |
| Dec. 29, 2014 | $0.1660 |
| Sept. 26, 2014 | $0.1660 |
| June 26, 2014 | $0.1660 |
| March 27, 2014 | $0.1660 |
| Dec. 27, 2013 | $0.1430 |
| Sept. 26, 2013 | $0.1430 |
| June 26, 2013 | $0.1430 |
| March 26, 2013 | $0.1430 |
MELI Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 8 26.7%
- Buy 17 56.7%
- Hold 5 16.7%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
24 analysts · 2026-08-16Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $9.19 | $8.83 | 0.36% |
| March 31, 2026 | $8.23 | $8.83 | -0.60% |
| Dec. 31, 2025 | $11.03 | $11.70 | -0.67% |
| Sept. 30, 2025 | $8.32 | $9.52 | -1.2% |
| June 30, 2025 | $10.31 | $12.17 | -1.9% |
| March 31, 2025 | $9.74 | $8.47 | 1.3% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $28.89B | $20.78B | $15.11B | $10.78B | $7.07B | $3.97B | $2.30B | $1.44B | $1.22B | $844M | |
| Cost of Revenue | $16.04B | $11.20B | $7.52B | $5.58B | $4.06B | $2.27B | $1.19B | $743M | $497M | $308M | |
| Gross Profit | $12.86B | $9.58B | $7.59B | $5.20B | $3.00B | $1.71B | $1.10B | $697M | $720M | $537M | |
| R&D Expense | $2.27B | $1.93B | $1.83B | $1.10B | $590M | $353M | $224M | $146M | $127M | $98M | |
| SG&A Expense | $1.08B | $963M | $766M | $661M | $465M | $327M | $197M | $138M | $122M | $87M | |
| Operating Expenses | $9.66B | $6.95B | $5.38B | $4.13B | $2.56B | $1.58B | $1.26B | $766M | $663M | $356M | |
| Operating Income | $3.20B | $2.63B | $2.21B | $1.07B | $441M | $128M | $-153M | $-69M | $56M | $181M | |
| Interest Income | $138M | $148M | $135M | $44M | $138M | $103M | $114M | $42M | $46M | $35M | |
| Pretax Income | $2.84B | $2.43B | $1.55B | $780M | $241M | $81M | $-107M | $-65M | $54M | $185M | |
| Income Tax | $845M | $521M | $569M | $298M | $149M | $82M | $65M | $-29M | $40M | $49M | |
| Net Income | $2.00B | $1.91B | $987M | $482M | $83M | $-1M | $-172M | $-37M | $14M | $136M | |
| 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 (Basic) | 50,697,299 | 50,697,428 | 50,262,302 | 50,345,353 | 49,802,993 | 49,740,407 | 48,692,906 | 44,529,614 | 44,157,364 | 44,157,251 | |
| Shares (Diluted) | 50,697,320 | 50,697,428 | 51,006,860 | 51,335,621 | 49,802,993 | 49,740,407 | 48,692,906 | 44,529,614 | 44,157,364 | 44,157,251 | |
| EBITDA | $3.20B | $2.63B | $1.82B | $1.03B | $441M | $128M | $-153M | $-69M | $56M | $181M |
Balance Sheet 29
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.67B | $2.63B | $2.56B | $1.91B | $2.58B | $1.86B | $1.38B | $440M | $388M | $234M | |
| Short-term Investments | $2.63B | $4.49B | $3.48B | $2.34B | $810M | $1.24B | $1.60B | $462M | $209M | $253M | |
| Receivables | $369M | $255M | $156M | $130M | $98M | $50M | $35M | $35M | $28M | $25M | |
| Inventory | $570M | $296M | $238M | $152M | $253M | $118M | $9M | $5M | $3M | $1M | |
| Prepaid Expense | $69M | $46M | $27M | $38M | $40M | $28M | $45M | $27M | $6M | $15M | |
| Other Current Assets | $720M | $403M | $277M | $304M | $288M | $153M | $89M | $62M | $58M | $26M | |
| Current Assets | $33.57B | $20.14B | $14.26B | $10.95B | $8.18B | $5.35B | $3.79B | $1.51B | $1.29B | $869M | |
| PP&E (Net) | $2.30B | $1.38B | $1.25B | $993M | $807M | $392M | $244M | $166M | $115M | $124M | |
| PP&E (Gross) | $3.73B | $2.41B | $2.07B | $1.68B | $1.20B | $645M | $432M | $297M | $218M | $201M | |
| Accum. Depreciation | $1.42B | $1.03B | $823M | $683M | $391M | $253M | $188M | $132M | $103M | $77M | |
| Goodwill | $163M | $149M | $163M | $153M | $148M | $85M | $88M | $89M | $92M | $92M | |
| Intangibles | $33M | $12M | $11M | $25M | $45M | $14M | $14M | $19M | $23M | $26M | |
| Other Non-current Assets | $426M | $182M | $68M | $256M | $134M | $68M | $58M | $38M | $64M | $57M | |
| Total Assets | $42.67B | $25.20B | $17.61B | $13.74B | $10.10B | $6.53B | $4.78B | $2.24B | $1.67B | $1.37B | |
| Accounts Payable | $4.50B | $3.20B | $2.12B | $1.39B | $1.04B | $767M | $372M | $267M | $221M | $105M | |
| Current Liabilities | $28.63B | $16.60B | $11.26B | $8.56B | $5.84B | $3.64B | $1.75B | $1.17B | $968M | $577M | |
| Capital Leases | $1.77B | $894M | $672M | $514M | $372M | $244M | $177M | $0 | · | · | |
| Deferred Tax | $372M | $204M | $183M | $106M | $62M | $64M | $100M | $92M | $24M | $34M | |
| Other Non-current Liabilities | $388M | $216M | $200M | $95M | $62M | $20M | $13M | $20M | $18M | $10M | |
| Total Liabilities | $35.92B | $20.84B | $14.54B | $11.91B | $8.57B | $4.87B | $2.70B | $1.90B | $1.35B | $939M | |
| Long-term Debt | $9.19B | $5.71B | $4.50B | $4.76B | $3.52B | · | · | · | · | · | |
| Common Stock | $0 | $0 | $0 | $0 | $0 | $50.0K | $50.0K | $45.0K | $44.0K | $44.0K | |
| Paid-in Capital | $1.77B | $1.77B | $1.77B | $2.31B | $2.44B | $1.86B | $2.07B | $225M | $71M | $138M | |
| Retained Earnings | $5.81B | $3.81B | $1.90B | $913M | $397M | $314M | $323M | $503M | $538M | $551M | |
| Treasury Stock | $312M | $311M | $310M | $931M | $790M | $55M | $720.0K | $0 | · | · | |
| AOCI | $-520M | $-920M | $-290M | $-464M | $-515M | $-468M | $-407M | $-392M | $-283M | $-260M | |
| Stockholders' Equity | $6.75B | $4.35B | $3.07B | $1.83B | $1.53B | $1.65B | $1.98B | $337M | $326M | $429M | |
| Liabilities + Equity | $42.67B | $25.20B | $17.61B | $13.74B | $10.10B | $6.53B | $4.78B | $2.24B | $1.67B | $1.37B | |
| Shares Outstanding | 50,697,182 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 45,202,859 | 44,157,364 | 44,157,364 |
Cash Flow 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $818M | $617M | $524M | $403M | $204M | $105M | $73M | $46M | $41M | $29M | |
| Stock-based Comp | · | · | · | · | · | · | · | $28M | $36M | $23M | |
| Deferred Tax | $-469M | $-243M | $-284M | $-97M | $-29M | $-70M | $16M | $-93M | $-25M | $-6M | |
| Amort. of Intangibles | $9M | $5M | $6M | $9M | $6M | $5M | $4M | $6M | $4M | $4M | |
| Operating Cash Flow | $12.12B | $7.92B | $5.14B | $2.94B | $965M | $1.18B | $451M | $231M | $269M | $190M | |
| CapEx | $1.34B | $860M | $509M | $455M | $573M | $247M | $137M | $93M | $55M | $69M | |
| Investing Cash Flow | $-6.18B | $-8.29B | $-3.45B | $-3.87B | $-1.60B | $-252M | $-1.45B | $-672M | $-23M | $-84M | |
| Debt Issued | · | · | · | · | · | · | · | $237M | $48M | $11M | |
| Net Debt Issued | · | · | · | · | · | · | · | $113M | $43M | $5M | |
| Stock Issued | · | · | $0 | $0 | $1.52B | $0 | $1.87B | · | · | · | |
| Stock Repurchased | $1M | $1M | $356M | $148M | $486M | $54M | $720.0K | · | · | · | |
| Net Stock Activity | $-1M | $-1M | $-356M | $-148M | $1.03B | $-54M | $1.87B | · | · | · | |
| Dividends Paid | · | · | · | · | · | · | · | $7M | $26M | $24M | |
| Financing Cash Flow | $2.90B | $1.96B | $-267M | $916M | $1.93B | $242M | $2.02B | $609M | $-51M | $-20M | |
| Net Change in Cash | $8.84B | $851M | $485M | $-285M | $1.14B | $1.06B | $987M | $76M | $154M | $67M | |
| Taxes Paid | $1.01B | $1.05B | $651M | · | · | · | · | · | · | · | |
| Free Cash Flow | $10.77B | $7.06B | $4.63B | $2.49B | $392M | $936M | $314M | $138M | $214M | $122M |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.5% | 46.1% | 49.8% | 49.0% | 42.5% | 43.0% | 48.0% | 48.4% | · | · | |
| Operating Margin | 11.1% | 12.7% | 12.6% | 9.8% | 6.2% | 3.2% | -6.7% | -4.8% | · | · | |
| Net Margin | 6.9% | 9.2% | 6.8% | 4.6% | 1.2% | -0.02% | -7.5% | -2.5% | · | · | |
| Pretax Margin | 9.8% | 11.7% | 10.7% | 7.4% | 3.4% | 2.1% | -4.7% | -4.5% | · | · | |
| EBITDA Margin | 11.1% | 12.7% | 12.6% | 9.8% | 6.2% | 3.2% | -6.7% | -4.8% | · | · | |
| ROA | 5.9% | 8.9% | 6.3% | 4.0% | 1.0% | -0.01% | -4.9% | -1.9% | 0.91% | 11.5% | |
| ROE | 32.0% | 45.8% | 34.0% | 27.9% | 10.1% | -0.04% | -8.6% | -10.8% | 3.6% | 35.5% | |
| ROIC | 33.3% | 47.5% | 37.6% | 35.0% | 11.0% | -0.07% | -12.4% | -11.5% | 4.4% | 31.1% |
Liquidity & Solvency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.2 | 1.2 | 1.3 | 1.3 | 1.4 | 1.5 | 2.2 | 1.3 | 1.3 | 1.5 | |
| Quick Ratio | 0.2 | 0.4 | 0.5 | 0.5 | 0.6 | 0.9 | 1.7 | 0.8 | 0.6 | 0.9 |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.9 | 1.0 | 0.9 | 0.9 | 0.9 | 0.7 | 0.7 | 0.7 | · | · | |
| Inventory Turnover | 37.0 | 41.9 | 37.3 | 26.5 | 21.9 | 35.7 | 180.4 | 118.7 | 371.6 | 464.2 | |
| Receivables Turnover | 92.6 | 101.1 | 101.2 | 92.4 | 95.6 | 93.3 | 65.1 | 45.5 | · | · |
Growth Rates 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 39.1% | 37.5% | 40.1% | 52.5% | 77.9% | · | · | · | · | · | |
| Revenue CAGR 3Y | 38.9% | 43.2% | 56.1% | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 48.7% | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 4.5% | 93.7% | 104.2% | 470.7% | · | · | · | · | · | · | |
| EPS CAGR 3Y | 60.5% | 182.6% | · | · | · | · | · | · | · | · | |
| Net Income YoY | 4.5% | 93.6% | 104.8% | 480.7% | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 60.6% | 184.5% | · | · | · | · | · | · | · | · |
Valuation (TTM) 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $28.89B | $20.78B | $15.11B | $10.78B | $7.07B | $3.97B | $2.30B | $1.44B | $1.22B | $844M | |
| Net Income TTM | $2.00B | $1.91B | $987M | $482M | $83M | $-1M | $-172M | $-37M | $14M | $136M | |
| Market Cap | $102.12B | $86.21B | $79.67B | $42.53B | $67.98B | $83.54B | $28.43B | $13.24B | $13.89B | $6.89B | |
| P/E | 51.1 | 45.1 | 80.8 | 88.8 | 807.4 | -20940.2 | -154.2 | -357.1 | 1015.0 | 50.5 | |
| P/S | 3.5 | 4.1 | 5.3 | 3.9 | 9.6 | 21.0 | 12.4 | 9.2 | 11.4 | 8.2 | |
| P/B | 15.1 | 19.8 | 25.9 | 23.3 | 44.4 | 50.6 | 14.3 | 39.3 | 42.7 | 16.1 | |
| P / Tangible Book | 15.6 | 20.6 | 27.5 | 25.8 | 50.8 | 53.8 | · | · | · | · | |
| P / Cash Flow | 8.4 | 10.9 | 15.5 | 14.5 | 70.4 | 70.6 | 63.0 | 57.3 | 51.7 | 36.2 | |
| P / FCF | 9.5 | 12.2 | 17.2 | 17.1 | 173.4 | 89.3 | 90.5 | 96.1 | 65.0 | 56.6 | |
| Dividend Yield | · | · | · | · | · | · | · | 0.05% | 0.19% | 0.35% | |
| Earnings Yield | 2.0% | 2.2% | 1.2% | 1.1% | 0.12% | 0.00% | -0.65% | -0.28% | 0.10% | 2.0% | |
| Payout Ratio | · | · | · | · | · | · | · | -18.1% | 192.3% | 17.9% | |
| Annual Payout | · | · | · | · | · | · | · | $7M | $26M | $24M |
Income Statement 16
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.17B | $8.85B | $8.76B | $7.41B | $6.79B | $5.93B | $6.06B | $5.31B | $5.07B | $4.33B | $4.41B | $3.93B | $3.58B | $3.19B | $3.25B | $2.69B | |
| Cost of Revenue | $6.01B | $4.98B | $4.97B | $4.20B | $3.70B | $3.16B | $3.31B | $2.87B | $2.71B | $2.31B | $2.36B | $1.83B | $1.75B | $1.57B | $1.75B | $1.34B | |
| Gross Profit | $4.16B | $3.86B | $3.78B | $3.21B | $3.09B | $2.77B | $2.75B | $2.44B | $2.37B | $2.02B | $2.05B | $2.10B | $1.83B | $1.61B | $1.49B | $1.35B | |
| R&D Expense | $729M | $699M | $584M | $567M | $567M | $551M | $512M | $504M | $460M | $458M | $686M | $396M | $368M | $381M | $325M | $278M | |
| SG&A Expense | $340M | $326M | $292M | $270M | $261M | $255M | $254M | $305M | $218M | $186M | $201M | $196M | $189M | $180M | $176M | $153M | |
| Operating Expenses | $3.48B | $3.25B | $2.90B | $2.48B | $2.27B | $2.01B | $1.93B | $1.88B | $1.64B | $1.50B | $1.72B | $1.31B | $1.16B | $1.20B | $1.11B | $1.05B | |
| Operating Income | $683M | $611M | $889M | $724M | $825M | $763M | $820M | $557M | $726M | $528M | $335M | $785M | $669M | $418M | $384M | $296M | |
| Interest Income | $30M | $27M | $8M | $49M | $44M | $37M | $41M | $43M | $39M | $25M | $40M | $38M | $34M | $23M | $-98M | $65M | |
| Pretax Income | $606M | $579M | $784M | $636M | $716M | $706M | $763M | $520M | $668M | $481M | $230M | $531M | $472M | $320M | $308M | $198M | |
| Income Tax | $140M | $162M | $225M | $215M | $193M | $212M | $124M | $123M | $137M | $137M | $65M | $172M | $210M | $122M | $144M | $69M | |
| Net Income | $466M | $417M | $559M | $421M | $523M | $494M | $639M | $397M | $531M | $344M | $165M | $359M | $262M | $201M | $165M | $129M | |
| EPS (Basic) | $9.19 | $8.23 | $11.03 | $8.32 | $10.31 | $9.74 | $12.60 | $7.83 | $10.48 | $6.78 | $3.23 | $7.18 | $5.22 | $4.01 | $3.27 | $2.57 | |
| EPS (Diluted) | $9.19 | $8.23 | $11.03 | $8.32 | $10.31 | $9.74 | $12.60 | $7.83 | $10.48 | $6.78 | $3.17 | $7.16 | $5.16 | $3.97 | $3.24 | $2.56 | |
| Shares (Basic) | 50,697,171 | 50,697,182 | -101,394,716 | 50,697,265 | 50,697,375 | 50,697,375 | -101,394,899 | 50,697,438 | 50,697,447 | 50,697,442 | -100,153,778 | 50,008,320 | 50,162,687 | 50,245,073 | -100,753,005 | 50,325,075 | |
| Shares (Diluted) | 50,697,301 | 50,697,298 | -101,394,714 | 50,697,284 | 50,697,375 | 50,697,375 | -101,394,899 | 50,697,438 | 50,697,447 | 50,697,442 | -101,590,875 | 50,209,439 | 51,152,955 | 51,235,341 | -100,753,005 | 51,315,343 | |
| EBITDA | $683M | $611M | · | $724M | $825M | $763M | · | $557M | $726M | $528M | · | $685M | $558M | $340M | · | $296M |
Balance Sheet 29
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.65B | $3.68B | $3.67B | $2.58B | $3.01B | $2.98B | $2.63B | $2.16B | $2.82B | $2.58B | · | $2.17B | $1.86B | $2.14B | · | $1.46B | |
| Short-term Investments | $2.08B | $1.97B | $2.63B | $3.71B | $4.63B | $5.08B | $4.49B | $4.51B | $4.07B | $3.67B | · | $3.32B | $2.84B | $2.48B | · | $1.94B | |
| Receivables | $418M | $370M | $369M | $298M | $313M | $261M | $255M | $216M | $190M | $170M | · | $161M | $160M | $132M | · | $108M | |
| Inventory | $822M | $677M | $570M | $532M | $434M | $358M | $296M | $322M | $257M | $223M | · | $246M | $236M | $199M | · | $160M | |
| Prepaid Expense | · | · | $69M | · | · | · | $46M | · | · | · | · | $43M | $55M | $45M | · | $62M | |
| Other Current Assets | $937M | $822M | $720M | $593M | $634M | $508M | $403M | $383M | $461M | $471M | · | $292M | $269M | $262M | · | $261M | |
| Current Assets | $40.78B | $37.12B | $33.57B | $28.80B | $26.06B | $21.74B | $20.14B | $17.82B | $16.48B | $15.51B | · | $13.05B | $12.29B | $11.34B | · | $9.35B | |
| PP&E (Net) | · | · | $2.30B | · | · | · | $1.38B | · | · | · | · | · | · | $1.04B | · | $945M | |
| PP&E (Gross) | · | · | $3.73B | · | · | · | $2.41B | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $1.42B | · | · | · | $1.03B | · | · | · | · | · | · | · | · | · | |
| Goodwill | $168M | $165M | $163M | $161M | $160M | $155M | $149M | $149M | $149M | $158M | $163M | $159M | $166M | $160M | $153M | $147M | |
| Intangibles | $30M | $33M | $33M | $38M | $39M | $39M | $12M | $12M | $13M | $12M | · | $21M | $22M | $24M | · | $29M | |
| Other Non-current Assets | $455M | $483M | $426M | $425M | $351M | $356M | $182M | $191M | $66M | $70M | · | $337M | $323M | $282M | · | $217M | |
| Total Assets | $51.36B | $46.93B | $42.67B | $36.69B | $32.95B | $27.68B | $25.20B | $22.62B | $20.03B | $19.06B | · | $16.12B | $15.24B | $14.20B | · | $11.96B | |
| Accounts Payable | $5.74B | $5.04B | $4.50B | $4.05B | $3.88B | $3.33B | $3.20B | $2.94B | $2.56B | $2.20B | · | $1.91B | $1.83B | $1.60B | · | $1.16B | |
| Current Liabilities | $36.37B | $31.97B | $28.63B | $24.52B | $21.75B | $18.07B | $16.60B | $14.31B | $12.91B | $12.26B | · | $10.31B | $9.62B | $8.83B | · | $7.00B | |
| Capital Leases | $2.04B | $1.95B | $1.77B | $1.64B | $1.33B | $1.01B | $894M | $770M | $623M | $653M | · | $615M | $595M | $529M | · | $470M | |
| Deferred Tax | $312M | $386M | $372M | $341M | $293M | $270M | $204M | $193M | $159M | $226M | · | $163M | $112M | $117M | · | $36M | |
| Other Non-current Liabilities | $469M | $551M | $388M | $449M | $300M | $406M | $216M | $207M | $213M | $290M | · | $105M | $131M | $181M | · | $76M | |
| Total Liabilities | $43.52B | $39.65B | $35.92B | $30.47B | $27.23B | $22.68B | $20.84B | $18.62B | $16.37B | $15.67B | · | $13.38B | $12.99B | $12.16B | · | $10.33B | |
| Long-term Debt | $10.63B | $9.93B | $9.19B | $7.84B | $7.30B | $6.43B | $5.71B | $5.35B | $4.64B | $4.47B | · | $4.45B | $4.77B | $4.83B | · | $4.69B | |
| Common Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | · | $0 | $0 | $0 | · | $0 | |
| Paid-in Capital | $1.77B | $1.77B | $1.77B | $1.77B | $1.77B | $1.77B | $1.77B | $1.77B | $1.77B | $1.77B | · | $1.96B | $2.31B | $2.31B | · | $2.31B | |
| Retained Earnings | $6.69B | $6.23B | $5.81B | $5.25B | $4.83B | $4.31B | $3.81B | $3.17B | $2.78B | $2.25B | · | $1.74B | $1.38B | $1.11B | · | $748M | |
| Treasury Stock | $313M | $312M | $312M | $312M | $311M | $311M | $311M | $311M | $311M | $310M | · | $587M | $1.14B | $992M | · | $898M | |
| AOCI | $-317M | $-404M | $-520M | $-491M | $-575M | $-761M | $-920M | $-630M | $-579M | $-315M | · | $-366M | $-295M | $-391M | · | $-527M | |
| Stockholders' Equity | $7.83B | $7.28B | $6.75B | $6.22B | $5.71B | $5.00B | $4.35B | $4.00B | $3.66B | $3.39B | $3.07B | $2.74B | $2.25B | $2.04B | $1.83B | $1.63B | |
| Liabilities + Equity | $51.36B | $46.93B | $42.67B | $36.69B | $32.95B | $27.68B | $25.20B | $22.62B | $20.03B | $19.06B | · | $16.12B | $15.24B | $14.20B | · | $11.96B | |
| Shares Outstanding | 50,696,802 | 50,697,182 | 50,697,182 | 50,697,182 | 50,697,375 | 50,697,375 | 50,697,375 | 50,697,438 | 50,697,438 | 50,697,442 | 50,000,000 | 50,496,474 | 50,092,669 | 50,207,607 | 50,000,000 | 50,294,893 |
Cash Flow 10
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $292M | $246M | $238M | $209M | $199M | $172M | $152M | $157M | $154M | $154M | $135M | $135M | $128M | $126M | $122M | $97M | |
| Amort. of Intangibles | $3M | $2M | $3M | $2M | $2M | $2M | $1M | $2M | $1M | $1M | $2M | $1M | $1M | $2M | $1M | $1M | |
| Operating Cash Flow | $3.66B | $2.08B | $5.21B | $2.96B | $2.92B | $1.03B | $2.92B | $1.60B | $1.88B | $1.51B | $1.93B | $941M | $1.41B | $859M | $1.54B | $724M | |
| CapEx | $441M | $271M | $427M | $357M | $287M | $272M | $305M | $226M | $186M | $148M | $180M | $126M | $114M | $89M | $113M | $106M | |
| Investing Cash Flow | $-2.69B | $-1.47B | $-2.00B | $-1.11B | $-1.23B | $-1.84B | $-2.13B | $-2.61B | $-2.08B | $-1.47B | $-914M | $-1.33B | $-668M | $-538M | $-646M | $-664M | |
| Stock Repurchased | · | · | $0 | $1M | · | · | $0 | $0 | $1M | $0 | $0 | $149M | $146M | $61M | $33M | $41M | |
| Net Stock Activity | · | · | · | · | · | · | · | · | · | $0 | · | · | · | $-61M | · | · | |
| Financing Cash Flow | $630M | $473M | $1.38B | $444M | $613M | $465M | $757M | $726M | $476M | $0 | $73M | $132M | $-360M | $-112M | $-12M | $342M | |
| Net Change in Cash | $1.62B | $1.60B | $4.34B | $2.31B | $2.39B | $-201M | $1.22B | $-345M | $5M | $-30M | $592M | $-568M | $300M | $161M | $835M | $275M | |
| Free Cash Flow | · | $1.80B | · | · | · | $759M | · | · | · | $1.37B | · | · | · | $770M | · | · |
Profitability 8
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 40.9% | 43.7% | · | 43.3% | 45.6% | 46.7% | · | 45.9% | 46.6% | 46.7% | · | 53.1% | 50.4% | 50.6% | · | 50.1% | |
| Operating Margin | 6.7% | 6.9% | · | 9.8% | 12.2% | 12.9% | · | 10.5% | 14.3% | 12.2% | · | 18.2% | 16.3% | 11.2% | · | 11.0% | |
| Net Margin | 4.6% | 4.7% | · | 5.7% | 7.7% | 8.3% | · | 7.5% | 10.5% | 7.9% | · | 9.6% | 7.7% | 6.6% | · | 4.8% | |
| Pretax Margin | 6.0% | 6.6% | · | 8.6% | 10.5% | 11.9% | · | 9.8% | 13.2% | 11.1% | · | 14.1% | 13.8% | 10.5% | · | 7.4% | |
| EBITDA Margin | 6.7% | 6.9% | · | 9.8% | 12.2% | 12.9% | · | 10.5% | 14.3% | 12.2% | · | 18.2% | 16.3% | 11.2% | · | 11.0% | |
| ROA | 1.1% | 1.1% | · | 1.4% | 2.0% | 2.1% | · | 2.1% | 3.0% | 2.1% | · | 2.6% | 2.0% | 1.6% | · | 1.4% | |
| ROE | 6.9% | 6.8% | · | 8.2% | 11.2% | 11.8% | · | 11.8% | 18.0% | 12.7% | · | 16.4% | 13.7% | 11.1% | · | 14.7% | |
| ROIC | 6.7% | 6.0% | · | 7.7% | 10.5% | 10.7% | · | 10.6% | 15.8% | 11.1% | · | 16.9% | 13.8% | 10.3% | · | 11.8% |
Liquidity & Solvency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.1 | 1.2 | · | 1.2 | 1.2 | 1.2 | · | 1.2 | 1.3 | 1.3 | · | 1.3 | 1.3 | 1.3 | · | 1.3 | |
| Quick Ratio | 0.2 | 0.2 | · | 0.3 | 0.4 | 0.5 | · | 0.5 | 0.5 | 0.5 | · | 0.5 | 0.5 | 0.5 | · | 0.5 |
Efficiency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | · | 0.2 | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.2 | · | 0.3 | |
| Inventory Turnover | 9.6 | 9.6 | · | 9.8 | 10.7 | 10.9 | · | 10.1 | 11.0 | 10.9 | · | 8.7 | 8.1 | 6.9 | · | 6.9 | |
| Receivables Turnover | 27.8 | 28.0 | · | 28.8 | 27.0 | 27.5 | · | 28.2 | 29.0 | 28.7 | · | 28.0 | 26.1 | 26.4 | · | 30.1 |
Valuation (TTM) 10
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $33.21B | $28.98B | · | $25.45B | $23.11B | $20.65B | · | $19.13B | $17.74B | $16.25B | · | $13.70B | $12.46B | $11.47B | · | $9.66B | |
| Net Income TTM | $1.83B | $1.85B | · | $1.83B | $1.95B | $1.77B | · | $1.44B | $1.40B | $1.13B | · | $987M | $757M | $618M | · | $271M | |
| Market Cap | $86.05B | $87.66B | · | $118.48B | $132.50B | $98.90B | · | $104.03B | $83.32B | $76.65B | · | $64.02B | $59.34B | $66.18B | · | $41.63B | |
| P/E | 47.1 | 47.2 | · | 64.6 | 68.1 | 56.0 | · | 72.4 | 59.4 | 67.6 | · | 64.9 | 79.3 | 107.9 | · | 154.1 | |
| P/S | 2.6 | 3.0 | · | 4.7 | 5.7 | 4.8 | · | 5.4 | 4.7 | 4.7 | · | 4.7 | 4.8 | 5.8 | · | 4.3 | |
| P/B | 11.0 | 12.0 | · | 19.1 | 23.2 | 19.8 | · | 26.0 | 22.8 | 22.6 | · | 23.4 | 26.3 | 32.4 | · | 25.5 | |
| P / Tangible Book | 11.3 | 12.4 | · | 19.7 | 24.0 | 20.6 | · | 27.1 | 23.8 | 23.8 | · | 25.0 | 28.7 | 35.7 | · | 28.6 | |
| P / Cash Flow | · | 42.2 | · | · | · | 95.9 | · | · | · | 50.7 | · | · | · | 77.0 | · | · | |
| P / FCF | · | 48.6 | · | · | · | 130.3 | · | · | · | 56.1 | · | · | · | 85.9 | · | · | |
| Earnings Yield | 2.1% | 2.1% | · | 1.6% | 1.5% | 1.8% | · | 1.4% | 1.7% | 1.5% | · | 1.5% | 1.3% | 0.93% | · | 0.65% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $28.89B | $20.78B | $15.11B | $10.78B | $7.07B |
| Gross Margin % | 44.5% | 46.1% | 49.8% | 49.0% | 42.5% |
| Operating Margin % | 11.1% | 12.7% | 12.6% | 9.8% | 6.2% |
| Net Income | $2.00B | $1.91B | $987M | $482M | $83M |
| Diluted EPS | $39.40 | $37.69 | $19.46 | $9.53 | $1.67 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Current Ratio | 1.2 | 1.2 | 1.3 | 1.3 | 1.4 |
| Quick Ratio | 0.2 | 0.4 | 0.5 | 0.5 | 0.6 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $10.77B | $7.06B | $4.63B | $2.49B | $392M |
Latest News Recent headlines mentioning this company
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Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
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Institutional owners (13F) 1,605 filers · $45.0B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 139 (-25 vs prior Q) | 133 (-50 vs prior Q) | 570 (-58 vs prior Q) | 523 (+23 vs prior Q) | -1.8M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Capital Research Global Investors | $5,326,408,105 | 3,138,040 | 11.85% | Shares |
| Capital International Investors | $3,180,004,789 | 1,873,498 | 7.07% | Shares |
| Capital World Investors | $3,010,594,506 | 1,773,692 | 6.70% | Shares |
| EAGLE CAPITAL MANAGEMENT LLC | $2,388,148,492 | 1,406,953 | 5.31% | Shares |
| CITADEL ADVISORS LLC | $1,002,478,534 | 590,600 | 2.23% | Call option |
| Linonia Partnership LP | $939,994,213 | 553,788 | 2.09% | Shares |
| JANUS HENDERSON GROUP PLC | $910,545,872 | 526,626 | 2.02% | Shares |
| GENERATION INVESTMENT MANAGEMENT LLP | $802,383,411 | 472,716 | 1.78% | Shares |
| STATE STREET CORP | $780,371,658 | 459,748 | 1.74% | Shares |
| CITADEL ADVISORS LLC | $665,716,358 | 392,200 | 1.48% | Put option |
| SANDS CAPITAL MANAGEMENT, LLC | $641,966,477 | 378,208 | 1.43% | Shares |
| Durable Capital Partners LP | $523,921,490 | 308,663 | 1.17% | Shares |
| Foxhaven Asset Management, LP | $519,820,595 | 306,247 | 1.16% | Shares |
| D1 Capital Partners L.P. | $470,983,290 | 277,475 | 1.05% | Shares |
| NORGES BANK | $462,700,027 | 272,595 | 1.03% | Shares |
| ROYAL LONDON ASSET MANAGEMENT LTD | $354,802,036 | 209,028 | 0.79% | Shares |
| Westwood Global Investments, LLC | $342,837,135 | 201,979 | 0.76% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $338,580,081 | 199,471 | 0.75% | Shares |
| JENNISON ASSOCIATES LLC | $331,130,762 | 195,082 | 0.74% | Shares |
| JANE STREET GROUP, LLC | $323,013,317 | 190,300 | 0.72% | Call option |
| Carmignac Gestion | $322,636,135 | 190,098 | 0.72% | Shares |
| FLOSSBACH VON STORCH SE | $318,849,619 | 187,847 | 0.71% | Shares |
| Harding Loevner LP | $318,078,819 | 184,269 | 0.71% | Shares |
| TWO SIGMA INVESTMENTS, LP | $317,844,764 | 187,255 | 0.71% | Shares |
| JANE STREET GROUP, LLC | $317,072,452 | 186,800 | 0.71% | Put option |
| SQUADRA INVESTMENTS - GESTAO DE RECURSOS LTDA. | $291,749,091 | 171,881 | 0.65% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $291,389,244 | 171,669 | 0.65% | Shares |
| BROWN ADVISORY INC | $290,216,347 | 170,978 | 0.65% | Shares |
| WOLVERINE TRADING, LLC | $286,650,126 | 114,600 | 0.64% | Call option |
| HSBC HOLDINGS PLC | $279,061,926 | 165,100 | 0.62% | Put option |
| AMF Tjanstepension AB | $265,010,106 | 156,128 | 0.59% | Shares |
| TIGER GLOBAL MANAGEMENT LLC | $259,914,541 | 153,126 | 0.58% | Shares |
| Artisan Partners Limited Partnership | $247,620,345 | 145,883 | 0.55% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $246,688,000 | 145,334 | 0.55% | Shares |
| VANGUARD GROUP INC | $236,675,550 | 117,500 | 0.53% | Shares |
| BARCLAYS PLC | $225,041,665 | 132,581 | 0.50% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $222,928,413 | 131,336 | 0.50% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $221,410,931 | 130,463 | 0.49% | Shares |
| Swiss National Bank | $218,437,119 | 128,690 | 0.49% | Shares |
| WASATCH ADVISORS LP | $212,536,325 | 122,923 | 0.47% | Shares |
| Northcape Capital Pty Ltd | $211,955,375 | 122,587 | 0.47% | Shares |
| LOOMIS SAYLES & CO L P | $205,864,551 | 121,283 | 0.46% | Shares |
| FMR LLC | $205,295,926 | 120,948 | 0.46% | Shares |
| Coronation Fund Managers Ltd. | $205,216,148 | 120,901 | 0.46% | Shares |
| BAILLIE GIFFORD & CO | $202,827,921 | 119,494 | 0.45% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $197,728,961 | 116,490 | 0.44% | Shares |
| National Pension Service | $197,109,414 | 116,125 | 0.44% | Shares |
| CTC LLC | $196,048,545 | 1,155 | 0.44% | Call option |
| GOLDMAN SACHS GROUP INC | $188,080,828 | 110,806 | 0.42% | Shares |
| CTC LLC | $183,657,598 | 1,082 | 0.41% | Put option |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $181,800,653 | 107,106 | 0.40% | Shares |
| WOLVERINE TRADING, LLC | $180,594,582 | 72,200 | 0.40% | Put option |
| Assenagon Asset Management S.A. | $160,720,767 | 94,687 | 0.36% | Shares |
| Balyasny Asset Management L.P. | $154,226,553 | 90,861 | 0.34% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $153,719,033 | 90,562 | 0.34% | Shares |
| Nellore Capital Management LLC | $152,262,673 | 89,704 | 0.34% | Shares |
| California Public Employees Retirement System | $151,317,226 | 89,147 | 0.34% | Shares |
| VAN ECK ASSOCIATES CORP | $149,380,504 | 88,006 | 0.33% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $139,817,409 | 82,372 | 0.31% | Shares |
| FIL Ltd | $139,691,802 | 82,298 | 0.31% | Shares |
| FRED ALGER MANAGEMENT, LLC | $134,307,681 | 79,126 | 0.30% | Shares |
| Legal & General Group Plc | $131,602,043 | 77,532 | 0.29% | Shares |
| Hardman Johnston Global Advisors LLC | $130,143,983 | 76,673 | 0.29% | Shares |
| Fisher Asset Management, LLC | $129,290,355 | 76,170 | 0.29% | Shares |
| ATMOS CAPITAL GESTAO DE RECURSOS LTDA. | $125,557,636 | 73,971 | 0.28% | Shares |
| DYNAMO INTERNACIONAL GESTAO DE RECURSOS LTDA. | $121,896,365 | 71,814 | 0.27% | Shares |
| Sarasin & Partners LLP | $121,456,746 | 71,555 | 0.27% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $120,601,257 | 71,051 | 0.27% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $117,606,211 | 68,019 | 0.26% | Shares |
| Amova Asset Management Americas, Inc. | $113,096,429 | 66,630 | 0.25% | Shares |
| UBS Group AG | $111,727,302 | 65,823 | 0.25% | Shares |
| Route One Investment Company, L.P. | $111,280,888 | 65,560 | 0.25% | Shares |
| LPL Financial LLC | $107,905,823 | 63,572 | 0.24% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $103,674,378 | 63,793 | 0.23% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $100,770,650 | 59,368 | 0.22% | Shares |
| BANK OF AMERICA CORP /DE/ | $100,392,132 | 59,145 | 0.22% | Shares |
| SEB Asset Management AB | $99,188,531 | 58,436 | 0.22% | Shares |
| COMGEST GLOBAL INVESTORS S.A.S. | $98,934,074 | 58,286 | 0.22% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $95,130,222 | 56,045 | 0.21% | Shares |
| JANE STREET GROUP, LLC | $94,828,087 | 55,867 | 0.21% | Shares |
| D. E. Shaw & Co., Inc. | $94,714,362 | 55,800 | 0.21% | Put option |
| TEACHER RETIREMENT SYSTEM OF TEXAS | $92,959,261 | 54,766 | 0.21% | Shares |
| MANNING & NAPIER ADVISORS LLC | $92,234,475 | 54,339 | 0.21% | Shares |
| GILDER GAGNON HOWE & CO LLC | $90,364,389 | 53,237 | 0.20% | Shares |
| STOREBRAND ASSET MANAGEMENT AS | $89,267,437 | 52,591 | 0.20% | Shares |
| Ribbit Management Company, LLC | $87,836,538 | 51,748 | 0.20% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $85,391,691 | 50,308 | 0.19% | Shares |
| Allianz Asset Management GmbH | $84,869,500 | 50,000 | 0.19% | Shares |
| CIBC Bancorp USA Inc. | $83,903,634 | 49,421 | 0.19% | Shares |
| Robeco Institutional Asset Management B.V. | $83,482,737 | 49,183 | 0.19% | Shares |
| Quadrature Capital Ltd | $82,296,257 | 48,484 | 0.18% | Shares |
| ProShare Advisors LLC | $81,826,079 | 48,207 | 0.18% | Shares |
| Ensign Peak Advisors, Inc | $79,877,476 | 47,059 | 0.18% | Shares |
| BAMCO INC /NY/ | $79,700,947 | 46,955 | 0.18% | Shares |
| PBCay One RSC Ltd | $78,789,449 | 46,418 | 0.18% | Shares |
| Spear Holdings RSC Ltd | $78,782,659 | 46,414 | 0.18% | Shares |
| Clearbridge Investments, LLC | $78,370,194 | 46,171 | 0.17% | Shares |
| BlackRock, Inc. | $78,120,677 | 46,024 | 0.17% | Shares |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | $75,245,299 | 44,330 | 0.17% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $73,836,465 | 43,500 | 0.16% | Put option |
Company insiders 24 insiders · 9 officers · 15 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Marcos Galperin | President and CEO | Feb. 18, 2015 G | 0 | 0 | 0 | $0 |
| Pedro Arnt | Executive VP and CFO | Aug. 9, 2016 S | 19,129 | 0 | 0 | $0 |
| Kazah Hernan | Executive VP and CFO | April 1, 2011 A | 25,042 | 0 | 0 | $0 |
| Nicolas Szekasy | Executive Vice Pres. and CFO | March 24, 2009 A | 405 | 0 | 0 | $0 |
| Marcelo Melamud | SVP - Chief Accounting Officer | June 11, 2026 P | 237 | 1 | 0 | $200,578 |
| Juan Martin De La Serna | Executive VP Corporate Affairs | March 8, 2023 S | 200 | 0 | 0 | $0 |
| Daniel Rabinovich | EVP-Chief Technology Officer | Aug. 19, 2016 S | 0 | 0 | 0 | $0 |
| Gimenez Osvaldo | Executive VP - Payments | May 15, 2015 A | 18,385 | 0 | 0 | $0 |
| Edgardo Sokolowicz | Chief Technology Officer | Aug. 9, 2007 S | 113,043 | 0 | 0 | $0 |
| Martin R Lawson | Director | June 12, 2026 A | 4,230 | 0 | 0 | $0 |
| Richard A Sanders | Director | June 12, 2026 A | 508 | 0 | 0 | $0 |
| Henrique Vasoncelos Dubugras | Director | June 12, 2026 A | 301 | 0 | 0 | $0 |
| Alejandro Nicolas Aguzin | Director | June 12, 2026 A | 5,449 | 0 | 0 | $0 |
| Emiliano Calemzuk | Director | June 12, 2026 A | 213 | 0 | 0 | $0 |
| Stelleo Tolda | Director | June 12, 2026 A | 75,590 | 0 | 0 | $0 |
| Susan Segal | Director | June 12, 2026 A | 644 | 0 | 0 | $0 |
| Merhy Andrea Mayumi Petroni | Director | June 12, 2023 A | 213 | 0 | 0 | $0 |
| Mario Vazquez | Director | June 12, 2023 A | 2,970 | 0 | 0 | $0 |
| Malka Meyer | Director | June 10, 2020 A | 1,223 | 0 | 0 | $0 |
| Michael A Spence | Director | Aug. 9, 2016 S | 6,903 | 0 | 0 | $0 |
| Anton J Levy | Director | Nov. 11, 2011 S | 282,007 | 0 | 0 | $0 |
| Santos Martin De Los | Director | June 11, 2009 A | 2,737 | 0 | 0 | $0 |
| Veronica Allende Serra | Director | June 11, 2009 A | 3,579 | 0 | 0 | $0 |
| Roberto Balls Sallouti | — | June 10, 2021 A | 403 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 4 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Galperin Trust /SD, Meliga No. 1 Corp., Meliga No. 1 LP, Corpag Trust South Dakota Inc., Volorama Stichting ×2 filings | June 18, 2026 | 6.70% | Amendment | — | SEC |
| Meliga No. 1 Corp., Meliga No. 1 LP, Galperin Trust /SD, Corpag Trust South Dakota Inc., Volorama Stichting | Nov. 1, 2024 | — | Initial filing | — | SEC |
| General Atlantic LLC, General Atlantic GenPar, L.P., General Atlantic Partners 84, L.P., GAP Coinvestments III, LLC, GAP Coinvestments IV, LLC, GapStar, LLC, GAP Coinvestments CDA, L.P., GAPCO GmbH & Co. KG, GAPCO Management GmbH ×2 filings | June 15, 2010 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Aug. 20, 2007 | — | Initial filing | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 120 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| ARGT · Global X Funds | 20.34% | 101,693 NS | April 30, 2026 | N-PORT |
| EMQQ · EXCHANGE TRADED CONCEPTS TRUST | 8.36% | 13,045 NS | May 31, 2026 | N-PORT |
| FMQQ · EXCHANGE TRADED CONCEPTS TRUST | 8.15% | 940 NS | May 31, 2026 | N-PORT |
| EBIZ · Global X Funds | 4.05% | 661 NS | April 30, 2026 | N-PORT |
| LFGY · Tidal Trust II | 3.75% | 2,615 NS | April 30, 2026 | N-PORT |
| ARKF · ARK ETF Trust | 3.19% | 14,724 NS | April 30, 2026 | N-PORT |
| JXX · Janus Detroit Street Trust | 3.10% | 626 NS | April 30, 2026 | N-PORT |
| TXUG · Thornburg ETF Trust | 3.08% | 78 NS | May 31, 2026 | N-PORT |
| PNQI · Invesco Exchange-Traded Fund Trust | 2.70% | 7,564 SH | Aug. 21, 2026 | Daily |
| OSEA · Harbor ETF Trust | 2.59% | 7,184 NS | April 30, 2026 | N-PORT |
| ABLG · Abacus FCF ETF Trust | 2.51% | 257 NS | April 30, 2026 | N-PORT |
| ONLN · ProShares Trust | 2.24% | 873 NS | May 31, 2026 | N-PORT |
| GVIP · Goldman Sachs ETF Trust | 2.09% | 7,025 NS | May 31, 2026 | N-PORT |
| TMFG · RBB Fund, Inc. | 1.98% | 4,161 NS | May 31, 2026 | N-PORT |
| QQEW · First Trust Exchange-Traded Fund | 1.96% | 20,980 NS | June 30, 2026 | N-PORT |
| OGIG · ALPS ETF Trust | 1.93% | 1,310 NS | May 31, 2026 | N-PORT |
| CLIX · ProShares Trust | 1.91% | 82 NS | May 31, 2026 | N-PORT |
| QQXT · First Trust Exchange-Traded Fund | 1.87% | 1,825 NS | June 30, 2026 | N-PORT |
| QNXT · iShares Trust | 1.76% | 265 SH | Aug. 21, 2026 | Daily |
| EMES · Harbor ETF Trust | 1.74% | 109 NS | April 30, 2026 | N-PORT |
| ISHP · First Trust Exchange-Traded Fund VI | 1.61% | 47 NS | June 30, 2026 | N-PORT |
| GARP · iShares Trust | 1.59% | 24,308 SH | Aug. 21, 2026 | Daily |
| IGGY · AB Active ETFs, Inc. | 1.54% | 39 NS | May 31, 2026 | N-PORT |
| THNQ · EXCHANGE TRADED CONCEPTS TRUST | 1.49% | 2,688 NS | April 30, 2026 | N-PORT |
| BRAZ · Global X Funds | 1.42% | 87 NS | May 31, 2026 | N-PORT |
| AOTG · EA Series Trust | 1.39% | 861 NS | May 29, 2026 | N-PORT |
| CGNG · Capital Group New Geography Equity … | 1.32% | 18,372 NS | May 31, 2026 | N-PORT |
| NULG · Nushares ETF Trust | 1.30% | 18,950 NS | April 30, 2026 | N-PORT |
| ESMV · iShares Trust | 1.24% | 51 SH | Aug. 21, 2026 | Daily |
| FDIS · FIDELITY COVINGTON TRUST | 1.22% | 12,058 NS | April 30, 2026 | N-PORT |
| GXPD · Global X Funds | 1.21% | 353 NS | May 31, 2026 | N-PORT |
| VCR · VANGUARD WORLD FUND | 1.17% | 47,324 SH | Aug. 19, 2026 | Daily |
| THMZ · Lazard Active ETF Trust | 1.08% | 344 NS | June 30, 2026 | N-PORT |
| QQQG · Pacer Funds Trust | 1.06% | 67 NS | April 30, 2026 | N-PORT |
| QQQE · Direxion Shares ETF Trust | 0.99% | 6,695 NS | April 30, 2026 | N-PORT |
| EMKT · Lazard Active ETF Trust | 0.98% | 1,044 NS | June 30, 2026 | N-PORT |
| ARKW · ARK ETF Trust | 0.96% | 8,976 NS | April 30, 2026 | N-PORT |
| UPSD · ETF Series Solutions | 0.85% | 479 NS | April 30, 2026 | N-PORT |
| WRND · New York Life Investments ETF Trust | 0.81% | 46 NS | April 30, 2026 | N-PORT |
| FDFF · Fidelity Covington Trust | 0.78% | 193 NS | May 31, 2026 | N-PORT |
| CGGO · Capital Group Global Growth Equity … | 0.71% | 47,145 NS | May 31, 2026 | N-PORT |
| TECB · iShares Trust | 0.70% | 1,794 SH | Aug. 21, 2026 | Daily |
| CGXU · Capital Group International Focus E… | 0.69% | 25,317 NS | May 31, 2026 | N-PORT |
| JADE · J.P. Morgan Exchange-Traded Fund Tr… | 0.66% | 109 NS | April 30, 2026 | N-PORT |
| GTEK · Goldman Sachs ETF Trust | 0.64% | 922 NS | May 31, 2026 | N-PORT |
| NULC · Nushares ETF Trust | 0.60% | 189 NS | April 30, 2026 | N-PORT |
| GINN · Goldman Sachs ETF Trust | 0.59% | 744 NS | May 31, 2026 | N-PORT |
| HEQQ · J.P. Morgan Exchange-Traded Fund Tr… | 0.57% | 100 NS | April 30, 2026 | N-PORT |
| EMM · Global X Funds | 0.51% | 191 NS | May 31, 2026 | N-PORT |
| RGEF · Tidal Trust III | 0.50% | 2,220 NS | April 30, 2026 | N-PORT |