MELI MercadoLibre, Inc. - Common Stock

NASDAQ · Retail · View on SEC EDGAR ↗
$1937.30
Price · Aug 21, 2026
Fundamentals as of Aug 6, 2026

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 ↗

Wikidata ↗

MELI Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$1937.30
Market Cap
$96.86B
P/E (TTM)
48.5
EPS (TTM)
$39.40
Revenue (TTM)
$28.89B
Div Yield
ROE
32.0%
Debt/Equity
52W Range
$1495 – $2549

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

Revenue & Net Income $28.89B
10-point trend, +3321.7%
2016-12-31 2025-12-31
EPS $39.40
10-point trend, +1175.1%
2016-12-31 2025-12-31
Free Cash Flow $10.77B
10-point trend, +8749.8%
2016-12-31 2025-12-31
Margins 6.9%
8-point trend, -8.1%
2018-12-31 2025-12-31

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
MELI
Peer Median
P/E (TTM)
5-point trend, -93.7%
48.5
23.4
P/S (TTM)
5-point trend, -63.3%
3.4
1.4
P/B
5-point trend, -65.9%
14.4
5.8
Price / FCF
5-point trend, -94.5%
9.0

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
MELI
Peer Median
Gross Margin
5-point trend, +4.7%
44.5%
32.6%
Operating Margin
5-point trend, +77.8%
11.1%
Net Profit Margin
5-point trend, +485.6%
6.9%
5.3%
ROA
5-point trend, +489.0%
5.9%
6.8%
ROE
5-point trend, +218.3%
32.0%
23.9%
ROIC
5-point trend, +203.6%
33.3%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
MELI
Peer Median
Current Ratio
5-point trend, -16.3%
1.2
1.2
Quick Ratio
5-point trend, -61.1%
0.2

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
MELI
Peer Median
Revenue YoY
5-point trend, +308.7%
39.1%
Revenue CAGR 3Y
5-point trend, +308.7%
38.9%
Revenue CAGR 5Y
5-point trend, +308.7%
48.7%
EPS YoY
5-point trend, +2259.3%
4.5%
Net Income YoY
5-point trend, +2306.0%
4.5%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
MELI
Peer Median
EPS (Diluted)
5-point trend, +2259.3%
$39.40

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
MELI
Peer Median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
Payout Ratio
5Y Div CAGR
Ex-dateAmount
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

BUY 30 analysts
  • 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 · 2026-08-16
Median target $2275.00 +17.4%
Mean target $2256.54 +16.5%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
-0.45%
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
Annual Income Statement data for MELI
Metric Trend 2025202420232022202120202019201820172016
Revenue 10-point trend, +3321.7% $28.89B $20.78B $15.11B $10.78B $7.07B $3.97B $2.30B $1.44B $1.22B $844M
Cost of Revenue 10-point trend, +5114.0% $16.04B $11.20B $7.52B $5.58B $4.06B $2.27B $1.19B $743M $497M $308M
Gross Profit 10-point trend, +2295.0% $12.86B $9.58B $7.59B $5.20B $3.00B $1.71B $1.10B $697M $720M $537M
R&D Expense 10-point trend, +2204.0% $2.27B $1.93B $1.83B $1.10B $590M $353M $224M $146M $127M $98M
SG&A Expense 10-point trend, +1134.7% $1.08B $963M $766M $661M $465M $327M $197M $138M $122M $87M
Operating Expenses 10-point trend, +2614.2% $9.66B $6.95B $5.38B $4.13B $2.56B $1.58B $1.26B $766M $663M $356M
Operating Income 10-point trend, +1668.0% $3.20B $2.63B $2.21B $1.07B $441M $128M $-153M $-69M $56M $181M
Interest Income 10-point trend, +289.4% $138M $148M $135M $44M $138M $103M $114M $42M $46M $35M
Pretax Income 10-point trend, +1433.5% $2.84B $2.43B $1.55B $780M $241M $81M $-107M $-65M $54M $185M
Income Tax 10-point trend, +1625.8% $845M $521M $569M $298M $149M $82M $65M $-29M $40M $49M
Net Income 10-point trend, +1364.4% $2.00B $1.91B $987M $482M $83M $-1M $-172M $-37M $14M $136M
EPS (Basic) 10-point trend, +1175.1% $39.40 $37.69 $19.64 $9.57 $1.67 $-0.08 $-3.71 $-0.82 $0.31 $3.09
EPS (Diluted) 10-point trend, +1175.1% $39.40 $37.69 $19.46 $9.53 $1.67 $-0.08 $-3.71 $-0.82 $0.31 $3.09
Shares (Basic) 10-point trend, +14.8% 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) 10-point trend, +14.8% 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 10-point trend, +1668.0% $3.20B $2.63B $1.82B $1.03B $441M $128M $-153M $-69M $56M $181M
Balance Sheet 29
Annual Balance Sheet data for MELI
Metric Trend 2025202420232022202120202019201820172016
Cash & Equivalents 10-point trend, +1467.4% $3.67B $2.63B $2.56B $1.91B $2.58B $1.86B $1.38B $440M $388M $234M
Short-term Investments 10-point trend, +937.8% $2.63B $4.49B $3.48B $2.34B $810M $1.24B $1.60B $462M $209M $253M
Receivables 10-point trend, +1350.8% $369M $255M $156M $130M $98M $50M $35M $35M $28M $25M
Inventory 10-point trend, +51577.2% $570M $296M $238M $152M $253M $118M $9M $5M $3M $1M
Prepaid Expense 10-point trend, +358.2% $69M $46M $27M $38M $40M $28M $45M $27M $6M $15M
Other Current Assets 10-point trend, +2646.5% $720M $403M $277M $304M $288M $153M $89M $62M $58M $26M
Current Assets 10-point trend, +3761.4% $33.57B $20.14B $14.26B $10.95B $8.18B $5.35B $3.79B $1.51B $1.29B $869M
PP&E (Net) 10-point trend, +1753.4% $2.30B $1.38B $1.25B $993M $807M $392M $244M $166M $115M $124M
PP&E (Gross) 10-point trend, +1755.6% $3.73B $2.41B $2.07B $1.68B $1.20B $645M $432M $297M $218M $201M
Accum. Depreciation 10-point trend, +1759.3% $1.42B $1.03B $823M $683M $391M $253M $188M $132M $103M $77M
Goodwill 10-point trend, +77.6% $163M $149M $163M $153M $148M $85M $88M $89M $92M $92M
Intangibles 10-point trend, +25.6% $33M $12M $11M $25M $45M $14M $14M $19M $23M $26M
Other Non-current Assets 10-point trend, +649.7% $426M $182M $68M $256M $134M $68M $58M $38M $64M $57M
Total Assets 10-point trend, +3020.2% $42.67B $25.20B $17.61B $13.74B $10.10B $6.53B $4.78B $2.24B $1.67B $1.37B
Accounts Payable 10-point trend, +4183.3% $4.50B $3.20B $2.12B $1.39B $1.04B $767M $372M $267M $221M $105M
Current Liabilities 10-point trend, +4865.8% $28.63B $16.60B $11.26B $8.56B $5.84B $3.64B $1.75B $1.17B $968M $577M
Capital Leases 8-point trend, +1769000000.00 $1.77B $894M $672M $514M $372M $244M $177M $0 · ·
Deferred Tax 10-point trend, +992.2% $372M $204M $183M $106M $62M $64M $100M $92M $24M $34M
Other Non-current Liabilities 10-point trend, +3856.0% $388M $216M $200M $95M $62M $20M $13M $20M $18M $10M
Total Liabilities 10-point trend, +3726.9% $35.92B $20.84B $14.54B $11.91B $8.57B $4.87B $2.70B $1.90B $1.35B $939M
Long-term Debt 5-point trend, +161.3% $9.19B $5.71B $4.50B $4.76B $3.52B · · · · ·
Common Stock 10-point trend, -100.0% $0 $0 $0 $0 $0 $50.0K $50.0K $45.0K $44.0K $44.0K
Paid-in Capital 10-point trend, +1183.5% $1.77B $1.77B $1.77B $2.31B $2.44B $1.86B $2.07B $225M $71M $138M
Retained Earnings 10-point trend, +955.0% $5.81B $3.81B $1.90B $913M $397M $314M $323M $503M $538M $551M
Treasury Stock 8-point trend, +312000000.00 $312M $311M $310M $931M $790M $55M $720.0K $0 · ·
AOCI 10-point trend, -100.1% $-520M $-920M $-290M $-464M $-515M $-468M $-407M $-392M $-283M $-260M
Stockholders' Equity 10-point trend, +1473.5% $6.75B $4.35B $3.07B $1.83B $1.53B $1.65B $1.98B $337M $326M $429M
Liabilities + Equity 10-point trend, +3020.2% $42.67B $25.20B $17.61B $13.74B $10.10B $6.53B $4.78B $2.24B $1.67B $1.37B
Shares Outstanding 10-point trend, +14.8% 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
Annual Cash Flow data for MELI
Metric Trend 2025202420232022202120202019201820172016
D&A 10-point trend, +2718.6% $818M $617M $524M $403M $204M $105M $73M $46M $41M $29M
Stock-based Comp 3-point trend, +19.8% · · · · · · · $28M $36M $23M
Deferred Tax 10-point trend, -7479.2% $-469M $-243M $-284M $-97M $-29M $-70M $16M $-93M $-25M $-6M
Amort. of Intangibles 10-point trend, +123.3% $9M $5M $6M $9M $6M $5M $4M $6M $4M $4M
Operating Cash Flow 10-point trend, +6268.2% $12.12B $7.92B $5.14B $2.94B $965M $1.18B $451M $231M $269M $190M
CapEx 10-point trend, +1859.8% $1.34B $860M $509M $455M $573M $247M $137M $93M $55M $69M
Investing Cash Flow 10-point trend, -7234.7% $-6.18B $-8.29B $-3.45B $-3.87B $-1.60B $-252M $-1.45B $-672M $-23M $-84M
Debt Issued 3-point trend, +1971.5% · · · · · · · $237M $48M $11M
Net Debt Issued 3-point trend, +2279.5% · · · · · · · $113M $43M $5M
Stock Issued 5-point trend, -100.0% · · $0 $0 $1.52B $0 $1.87B · · ·
Stock Repurchased 7-point trend, +38.9% $1M $1M $356M $148M $486M $54M $720.0K · · ·
Net Stock Activity 7-point trend, -100.1% $-1M $-1M $-356M $-148M $1.03B $-54M $1.87B · · ·
Dividends Paid 3-point trend, -72.9% · · · · · · · $7M $26M $24M
Financing Cash Flow 10-point trend, +14865.1% $2.90B $1.96B $-267M $916M $1.93B $242M $2.02B $609M $-51M $-20M
Net Change in Cash 10-point trend, +13040.2% $8.84B $851M $485M $-285M $1.14B $1.06B $987M $76M $154M $67M
Taxes Paid 3-point trend, +55.6% $1.01B $1.05B $651M · · · · · · ·
Free Cash Flow 10-point trend, +8749.8% $10.77B $7.06B $4.63B $2.49B $392M $936M $314M $138M $214M $122M
Profitability 8
Annual Profitability data for MELI
Metric Trend 2025202420232022202120202019201820172016
Gross Margin 8-point trend, -8.1% 44.5% 46.1% 49.8% 49.0% 42.5% 43.0% 48.0% 48.4% · ·
Operating Margin 8-point trend, +329.4% 11.1% 12.7% 12.6% 9.8% 6.2% 3.2% -6.7% -4.8% · ·
Net Margin 8-point trend, +372.0% 6.9% 9.2% 6.8% 4.6% 1.2% -0.02% -7.5% -2.5% · ·
Pretax Margin 8-point trend, +316.3% 9.8% 11.7% 10.7% 7.4% 3.4% 2.1% -4.7% -4.5% · ·
EBITDA Margin 8-point trend, +329.4% 11.1% 12.7% 12.6% 9.8% 6.2% 3.2% -6.7% -4.8% · ·
ROA 10-point trend, -48.8% 5.9% 8.9% 6.3% 4.0% 1.0% -0.01% -4.9% -1.9% 0.91% 11.5%
ROE 10-point trend, -9.7% 32.0% 45.8% 34.0% 27.9% 10.1% -0.04% -8.6% -10.8% 3.6% 35.5%
ROIC 10-point trend, +7.3% 33.3% 47.5% 37.6% 35.0% 11.0% -0.07% -12.4% -11.5% 4.4% 31.1%
Liquidity & Solvency 2
Annual Liquidity & Solvency data for MELI
Metric Trend 2025202420232022202120202019201820172016
Current Ratio 10-point trend, -22.2% 1.2 1.2 1.3 1.3 1.4 1.5 2.2 1.3 1.3 1.5
Quick Ratio 10-point trend, -73.8% 0.2 0.4 0.5 0.5 0.6 0.9 1.7 0.8 0.6 0.9
Efficiency 3
Annual Efficiency data for MELI
Metric Trend 2025202420232022202120202019201820172016
Asset Turnover 8-point trend, +15.7% 0.9 1.0 0.9 0.9 0.9 0.7 0.7 0.7 · ·
Inventory Turnover 10-point trend, -92.0% 37.0 41.9 37.3 26.5 21.9 35.7 180.4 118.7 371.6 464.2
Receivables Turnover 8-point trend, +103.7% 92.6 101.1 101.2 92.4 95.6 93.3 65.1 45.5 · ·
Per Share 7
Annual Per Share data for MELI
Metric Trend 2025202420232022202120202019201820172016
Book Value / Share 10-point trend, +1270.5% $133.10 $85.82 $60.58 $36.35 $30.38 $33.12 $39.89 $7.45 $7.38 $9.71
Revenue / Share 8-point trend, +1662.8% $569.91 $409.82 $283.75 $205.26 $141.95 $79.88 $47.16 $32.33 · ·
Cash Flow / Share 10-point trend, +5446.6% $238.99 $156.18 $100.77 $57.27 $19.38 $23.77 $9.26 $5.19 $6.09 $4.31
Cash / Share 10-point trend, +1265.2% $72.39 $51.98 $50.42 $38.00 $51.26 $37.22 $27.86 $9.74 $8.79 $5.30
Dividend / Share Flat — no change across 2 periods · · · · · · · · $1 $1
Dividend Paid / Share · · · · · · · · · $1
EPS (TTM) 10-point trend, +1175.1% $39.40 $37.69 $19.46 $9.53 $1.67 $-0.08 $-3.71 $-0.82 $0.31 $3.09
Growth Rates 7
Annual Growth Rates data for MELI
Metric Trend 2025202420232022202120202019201820172016
Revenue YoY 5-point trend, -49.8% 39.1% 37.5% 40.1% 52.5% 77.9% · · · · ·
Revenue CAGR 3Y 3-point trend, -30.6% 38.9% 43.2% 56.1% · · · · · · ·
Revenue CAGR 5Y 48.7% · · · · · · · · ·
EPS YoY 4-point trend, -99.0% 4.5% 93.7% 104.2% 470.7% · · · · · ·
EPS CAGR 3Y 2-point trend, -66.9% 60.5% 182.6% · · · · · · · ·
Net Income YoY 4-point trend, -99.1% 4.5% 93.6% 104.8% 480.7% · · · · · ·
Net Income CAGR 3Y 2-point trend, -67.1% 60.6% 184.5% · · · · · · · ·
Valuation (TTM) 13
Annual Valuation (TTM) data for MELI
Metric Trend 2025202420232022202120202019201820172016
Revenue TTM 10-point trend, +3321.7% $28.89B $20.78B $15.11B $10.78B $7.07B $3.97B $2.30B $1.44B $1.22B $844M
Net Income TTM 10-point trend, +1364.4% $2.00B $1.91B $987M $482M $83M $-1M $-172M $-37M $14M $136M
Market Cap 10-point trend, +1381.1% $102.12B $86.21B $79.67B $42.53B $67.98B $83.54B $28.43B $13.24B $13.89B $6.89B
P/E 10-point trend, +1.2% 51.1 45.1 80.8 88.8 807.4 -20940.2 -154.2 -357.1 1015.0 50.5
P/S 10-point trend, -56.7% 3.5 4.1 5.3 3.9 9.6 21.0 12.4 9.2 11.4 8.2
P/B 10-point trend, -5.9% 15.1 19.8 25.9 23.3 44.4 50.6 14.3 39.3 42.7 16.1
P / Tangible Book 6-point trend, -71.0% 15.6 20.6 27.5 25.8 50.8 53.8 · · · ·
P / Cash Flow 10-point trend, -76.7% 8.4 10.9 15.5 14.5 70.4 70.6 63.0 57.3 51.7 36.2
P / FCF 10-point trend, -83.3% 9.5 12.2 17.2 17.1 173.4 89.3 90.5 96.1 65.0 56.6
Dividend Yield 3-point trend, -85.7% · · · · · · · 0.05% 0.19% 0.35%
Earnings Yield 10-point trend, -1.0% 2.0% 2.2% 1.2% 1.1% 0.12% 0.00% -0.65% -0.28% 0.10% 2.0%
Payout Ratio 3-point trend, -201.1% · · · · · · · -18.1% 192.3% 17.9%
Annual Payout 3-point trend, -72.9% · · · · · · · $7M $26M $24M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
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
2025-12-312024-12-312023-12-312022-12-312021-12-31
Current Ratio 1.21.21.31.31.4
Quick Ratio 0.20.40.50.50.6
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $10.77B$7.06B$4.63B$2.49B$392M

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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.

Institutional activity — Q2 2026 vs prior quarter
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