MELI MercadoLibre, Inc. - Common Stock
NASDAQ · Retail · View on SEC EDGAR ↗ close Oct 6, 2026 10-K/10-Q Aug 6, 2026MELI Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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About MercadoLibre, Inc. - Common Stock Company overview from Wikipedia
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, MercadoLibre 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 MercadoLibre in the list of the 100 most influential companies in the world.
History
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.
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.
Operations
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.
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.
Corporate affairs
The key trends for MercadoLibre are (as of the financial year ending December 31):
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 ↗
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?
| Metric | 5Y trend | MELI | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 50.55Y avg ≈214.6 | ≈214.6 | · | · | |
| P/S (TTM) | 2.75Y avg ≈5.3 | ≈5.3 | · | · | |
| P/B (MRQ) | 12.05Y avg ≈25.7 | ≈25.7 | · | · | |
| Price / FCF (TTM) | 7.65Y avg ≈45.9 | ≈45.9 | · | · | |
| Price / Cash Flow (TTM) | 6.85Y avg ≈23.9 | ≈23.9 | · | · | |
| Price / Tangible Book (MRQ) | 12.15Y avg ≈28.1 | ≈28.1 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | MELI | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin (TTM) | 42.7%5Y avg ≈46.4% | ≈46.4% | · | · | |
| Operating Margin (TTM) | 8.3%5Y avg ≈10.5% | ≈10.5% | · | · | |
| EBITDA Margin | 11.1%5Y avg ≈10.5% | ≈10.5% | · | · | |
| Pretax Margin (TTM) | 7.4%5Y avg ≈8.6% | ≈8.6% | · | · | |
| Net Profit Margin (TTM) | 5.3%5Y avg ≈5.7% | ≈5.7% | · | · | |
| ROA (TTM) | 4.4%5Y avg ≈5.2% | ≈5.2% | · | · | |
| ROE (TTM) | 27.5%5Y avg ≈29.9% | ≈29.9% | · | · | |
| ROIC | 33.3%5Y avg ≈32.9% | ≈32.9% | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | MELI | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 1.15Y avg ≈1.3 | ≈1.3 | · | · | |
| Quick Ratio (MRQ) | 0.25Y avg ≈0.5 | ≈0.5 | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | MELI | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 39.1%5Y avg ≈49.4% | ≈49.4% | · | · | |
| Revenue CAGR 3Y | 38.9%5Y avg ≈46.1% | ≈46.1% | · | · | |
| Revenue CAGR 5Y | 48.7% | · | · | · | |
| EPS YoY | 4.5%5Y avg ≈168.3% | ≈168.3% | · | · | |
| Net Income YoY | 4.5%5Y avg ≈170.9% | ≈170.9% | · | · | |
| EPS CAGR 3Y | 60.5% | · | · | · | |
| Net Income CAGR 3Y | 60.6% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | MELI | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.95Y avg ≈0.9 | ≈0.9 | · | · | |
| Inventory Turnover | 37.05Y avg ≈32.9 | ≈32.9 | · | · | |
| Receivables Turnover | 92.65Y avg ≈96.6 | ≈96.6 | · | · | |
| Revenue / Employee | ≈$233.6K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Dec 28, 2017 | $0.15 | USD | ≈0.19% |
| Sep 28, 2017 | $0.15 | USD | ≈0.23% |
| Jun 28, 2017 | $0.15 | USD | ≈0.23% |
| Mar 29, 2017 | $0.15 | USD | ≈0.28% |
| Dec 28, 2016 | $0.15 | USD | ≈0.39% |
| Sep 28, 2016 | $0.15 | USD | ≈0.29% |
| Jun 28, 2016 | $0.15 | USD | ≈0.38% |
| Mar 29, 2016 | $0.15 | USD | ≈0.39% |
| Dec 29, 2015 | $0.10 | USD | ≈0.36% |
| Sep 28, 2015 | $0.10 | USD | ≈0.53% |
| Jun 26, 2015 | $0.10 | USD | ≈0.36% |
| Mar 27, 2015 | $0.10 | USD | ≈0.49% |
| Dec 29, 2014 | $0.17 | USD | ≈0.51% |
| Sep 26, 2014 | $0.17 | USD | ≈0.58% |
| Jun 26, 2014 | $0.17 | USD | ≈0.68% |
| Mar 27, 2014 | $0.17 | USD | ≈0.63% |
| Dec 27, 2013 | $0.14 | USD | ≈0.54% |
| Sep 26, 2013 | $0.14 | USD | ≈0.41% |
| Jun 26, 2013 | $0.14 | USD | ≈0.46% |
| Mar 26, 2013 | $0.14 | USD | ≈0.49% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 5, 2026 | $9.19 | $8.83 | 4.1% |
| March 31, 2026 | May 7, 2026 | $8.23 | $8.83 | -6.8% |
| Dec. 31, 2025 | $11.03 | $11.70 | -5.7% | |
| Sept. 30, 2025 | $8.32 | $9.52 | -12.6% | |
| June 30, 2025 | $10.31 | $12.17 | -15.3% | |
| March 31, 2025 | $9.74 | $8.47 | 15.0% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| 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
| 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
| 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
| 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
| 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
| 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 | · | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $133.10 | $85.82 | $60.58 | $36.35 | $30.38 | $33.12 | $39.89 | $7.45 | $7.38 | $9.71 | |
| Revenue / Share | $569.91 | $409.82 | $283.75 | $205.26 | $141.95 | $79.88 | $47.16 | $32.33 | · | · | |
| Cash Flow / Share | $238.99 | $156.18 | $100.77 | $57.27 | $19.38 | $23.77 | $9.26 | $5.19 | $6.09 | $4.31 | |
| Cash / Share | $72.39 | $51.98 | $50.42 | $38.00 | $51.26 | $37.22 | $27.86 | $9.74 | $8.79 | $5.30 | |
| Dividend / Share | · | · | · | · | · | · | · | · | $0.60 | $0.60 | |
| Dividend Paid / Share | · | · | · | · | · | · | · | · | · | $0.60 | |
| EPS (TTM) | $39.40 | $37.69 | $19.46 | $9.53 | $1.67 | $-0.08 | $-3.71 | $-0.82 | $0.31 | $3.09 |
Growth Rates
| 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)
| 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
| 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 | · | 50,697,265 | 50,697,375 | 50,697,375 | · | 50,697,438 | 50,697,447 | 50,697,442 | 50,631,669 | 50,008,320 | 50,162,687 | 50,245,073 | 50,284,640 | 50,325,075 | |
| Shares (Diluted) | 50,697,301 | 50,697,298 | · | 50,697,284 | 50,697,375 | 50,697,375 | · | 50,697,438 | 50,697,447 | 50,697,442 | 50,697,515 | 50,209,439 | 51,152,955 | 51,235,341 | 51,274,909 | 51,315,343 | |
| EBITDA | $683M | $611M | · | $724M | $825M | $763M | · | $557M | $726M | $528M | · | $685M | $558M | $340M | · | $296M |
Balance Sheet
| 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
| 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
| 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
| 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
| 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 |
Per Share
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $154.53 | $143.62 | · | $122.65 | $112.69 | $98.70 | · | $78.94 | $72.11 | $66.87 | · | $54.28 | $44.96 | $40.63 | · | $32.43 | |
| Revenue / Share | $200.58 | $174.47 | · | $146.14 | $133.93 | $117.07 | · | $104.78 | $100.06 | $85.47 | · | $74.89 | $66.76 | $59.28 | · | $52.42 | |
| Cash Flow / Share | · | $40.93 | · | · | · | $20.34 | · | · | · | $29.82 | · | · | · | $16.77 | · | · | |
| Cash / Share | $71.98 | $72.53 | · | $50.93 | $59.33 | $58.72 | · | $42.65 | $55.58 | $50.87 | · | $42.99 | $37.13 | $42.68 | · | $28.93 | |
| EPS (TTM) | $36.77 | $37.89 | · | $40.97 | $40.48 | $40.65 | · | $28.26 | $27.59 | $22.27 | · | $19.53 | $14.93 | $12.20 | · | $5.37 |
Valuation (TTM)
| 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 | $35.18B | $31.80B | · | $26.19B | $24.10B | $22.38B | · | $19.13B | $17.74B | $16.25B | · | $13.94B | $12.71B | $11.72B | · | $9.66B | |
| Net Income TTM | $1.86B | $1.92B | · | $2.08B | $2.05B | $2.06B | · | $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 | 46.2 | 45.6 | · | 57.0 | 64.6 | 48.0 | · | 72.6 | 59.6 | 67.9 | · | 64.9 | 79.3 | 108.0 | · | 154.1 | |
| P/S | 2.4 | 2.8 | · | 4.5 | 5.5 | 4.4 | · | 5.4 | 4.7 | 4.7 | · | 4.6 | 4.7 | 5.6 | · | 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 | · | · | |
| Dividend Yield | 0.01% | 0.01% | · | 0.01% | 0.00% | 0.01% | · | 0.01% | 0.01% | 0.01% | · | 0.01% | 0.01% | 0.01% | · | 0.02% | |
| Earnings Yield | 2.2% | 2.2% | · | 1.8% | 1.6% | 2.1% | · | 1.4% | 1.7% | 1.5% | · | 1.5% | 1.3% | 0.93% | · | 0.65% | |
| Annual Payout | $7M | $7M | · | $7M | $7M | $7M | · | $7M | $7M | $7M | · | $7M | $7M | $7M | · | $7M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 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 |
| Metric | 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 |
| Metric | 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 |
Institutional owners (13F) 1,584 filers · $70.2B total · As of Sept. 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 |
|---|---|---|---|---|
| 140 (-27 vs prior Q) | 134 (-50 vs prior Q) | 572 (-75 vs prior Q) | 543 (+55 vs prior Q) | -731K |
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 | 7.58% | Shares |
| BAILLIE GIFFORD & CO | $5,160,761,529 | 3,040,410 | 7.35% | Shares |
| Capital International Investors | $3,180,004,789 | 1,873,498 | 4.53% | Shares |
| Capital World Investors | $3,010,594,506 | 1,773,692 | 4.29% | Shares |
| MORGAN STANLEY | $2,539,856,733 | 1,496,328 | 3.62% | Shares |
| Invesco Ltd. | $2,494,991,866 | 1,469,899 | 3.55% | Shares |
| EAGLE CAPITAL MANAGEMENT LLC | $2,388,148,492 | 1,406,953 | 3.40% | Shares |
| BlackRock, Inc. | $2,246,015,190 | 1,323,217 | 3.20% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,465,017,309 | 863,100 | 2.09% | Put option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,454,832,969 | 857,100 | 2.07% | Call option |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $1,116,463,364 | 657,753 | 1.59% | Shares |
| JANUS HENDERSON GROUP PLC | $1,062,018,734 | 614,238 | 1.51% | Shares |
| CITADEL ADVISORS LLC | $1,002,478,534 | 590,600 | 1.43% | Call option |
| Linonia Partnership LP | $939,994,213 | 553,788 | 1.34% | Shares |
| JPMORGAN CHASE & CO | $872,547,628 | 518,406 | 1.24% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $855,769,802 | 494,945 | 1.22% | Shares |
| GENERATION INVESTMENT MANAGEMENT LLP | $802,383,411 | 472,716 | 1.14% | Shares |
| STATE STREET CORP | $780,371,658 | 459,748 | 1.11% | Shares |
| CITADEL ADVISORS LLC | $665,716,358 | 392,200 | 0.95% | Put option |
| SANDS CAPITAL MANAGEMENT, LLC | $641,966,477 | 378,208 | 0.91% | Shares |
| GOLDMAN SACHS GROUP INC | $589,555,988 | 347,331 | 0.84% | Shares |
| Durable Capital Partners LP | $523,921,490 | 308,663 | 0.75% | Shares |
| Foxhaven Asset Management, LP | $519,820,595 | 306,247 | 0.74% | Shares |
| D1 Capital Partners L.P. | $470,983,290 | 277,475 | 0.67% | Shares |
| NORGES BANK | $462,700,027 | 272,595 | 0.66% | Shares |
| VANGUARD GROUP INC | $441,745,347 | 219,309 | 0.63% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $435,103,862 | 256,337 | 0.62% | Shares |
| Legal & General Group Plc | $428,765,809 | 252,603 | 0.61% | Shares |
| UBS Group AG | $404,101,034 | 238,072 | 0.58% | Shares |
| HSBC HOLDINGS PLC | $381,788,408 | 225,718 | 0.54% | Shares |
| BROWN ADVISORY INC | $381,698,757 | 224,874 | 0.54% | Shares |
| ROYAL LONDON ASSET MANAGEMENT LTD | $354,802,036 | 209,028 | 0.51% | Shares |
| Coronation Fund Managers Ltd. | $345,712,513 | 203,673 | 0.49% | Shares |
| Westwood Global Investments, LLC | $342,837,135 | 201,979 | 0.49% | Shares |
| JENNISON ASSOCIATES LLC | $340,391,722 | 200,538 | 0.48% | Shares |
| Amundi | $327,414,659 | 192,893 | 0.47% | Shares |
| JANE STREET GROUP, LLC | $323,013,317 | 190,300 | 0.46% | Call option |
| Carmignac Gestion | $322,636,135 | 190,098 | 0.46% | Shares |
| FLOSSBACH VON STORCH SE | $318,849,619 | 187,847 | 0.45% | Shares |
| Harding Loevner LP | $318,078,819 | 184,269 | 0.45% | Shares |
| TWO SIGMA INVESTMENTS, LP | $317,844,764 | 187,255 | 0.45% | Shares |
| JANE STREET GROUP, LLC | $317,072,452 | 186,800 | 0.45% | Put option |
| BARCLAYS PLC | $310,871,889 | 183,147 | 0.44% | Shares |
| ROYAL BANK OF CANADA | $298,430,000 | 175,817 | 0.42% | Shares |
| SQUADRA INVESTMENTS - GESTAO DE RECURSOS LTDA. | $291,749,091 | 171,881 | 0.42% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $291,389,244 | 171,669 | 0.41% | Shares |
| BANK OF AMERICA CORP /DE/ | $291,146,004 | 171,526 | 0.41% | Shares |
| FRANKLIN RESOURCES INC | $288,512,118 | 169,974 | 0.41% | Shares |
| WOLVERINE TRADING, LLC | $286,650,126 | 114,600 | 0.41% | Call option |
| DEUTSCHE BANK AG\ | $279,444,710 | 164,632 | 0.40% | Shares |
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.
Company insiders 25 insiders · 9 officers · 15 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| 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 |
| Gimenez Osvaldo | Fintech President | Aug. 15, 2024 J | 17 | 0 | 0 | $0 |
| Marcelo Melamud | SVP - Chief Accounting Officer | June 11, 2026 P | 237 | 2 | 0 | $300,657 |
| Marcos Galperin | Chairman of the Board | Aug. 15, 2024 J | 35 | 0 | 0 | $0 |
| 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 |
| 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 | 0 | 0 | 1 | $-1,713,778 |
| Alejandro Nicolas Aguzin | Director | June 12, 2026 A | 5,449 | 2 | 0 | $993,556 |
| Emiliano Calemzuk | Director | June 12, 2026 A | 257 | 0 | 1 | $-91,232 |
| Stelleo Tolda | Director | June 12, 2026 A | 75,590 | 0 | 1 | $-503,778 |
| Susan Segal | Director | June 12, 2026 A | 725 | 0 | 0 | $0 |
| Merhy Andrea Mayumi Petroni | Director | June 12, 2024 A | 288 | 0 | 0 | $0 |
| Mario Vazquez | Director | June 12, 2024 A | 3,045 | 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 |
| EBAY INC | 10% owner | Oct. 19, 2016 S | 0 | 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
ETF ownership Held by 73 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 | 24.43% | 110,195 NS | July 31, 2026 | N-PORT |
| ULTY · Tidal Trust II | 5.07% | 20,000 NS | July 31, 2026 | N-PORT |
| LFGY · Tidal Trust II | 4.04% | 1,963 NS | July 31, 2026 | N-PORT |
| EBIZ · Global X Funds | 4.00% | 605 NS | July 31, 2026 | N-PORT |
| ARKF · ARK ETF Trust | 3.48% | 12,996 NS | July 31, 2026 | N-PORT |
| JXX · Janus Detroit Street Trust | 3.03% | 430 NS | July 31, 2026 | N-PORT |
| OSEA · Harbor ETF Trust | 2.77% | 7,118 NS | July 31, 2026 | N-PORT |
| PNQI · Invesco Exchange-Traded Fund Trust | 2.30% | 7,231 SH | Oct. 5, 2026 | Daily |
| GARP · iShares Trust | 2.07% | 33,215 SH | Sept. 11, 2026 | Daily |
| THNQ · EXCHANGE TRADED CONCEPTS TRUST | 2.00% | 4,436 NS | July 31, 2026 | N-PORT |
| QNXT · iShares Trust | 1.85% | 265 SH | Sept. 11, 2026 | Daily |
| EMES · Harbor ETF Trust | 1.74% | 109 NS | July 31, 2026 | N-PORT |
| NULG · Nushares ETF Trust | 1.67% | 23,687 NS | July 31, 2026 | N-PORT |
| FDIS · FIDELITY COVINGTON TRUST | 1.32% | 11,822 NS | July 31, 2026 | N-PORT |
| ESMV · iShares Trust | 1.25% | 51 SH | Sept. 11, 2026 | Daily |
| VCR · VANGUARD WORLD FUND | 1.17% | 47,324 SH | Aug. 19, 2026 | Daily |
| QQQG · Pacer Funds Trust | 1.13% | 123 NS | July 31, 2026 | N-PORT |
| QQQE · Direxion Shares ETF Trust | 1.13% | 8,016 NS | July 31, 2026 | N-PORT |
| ARKW · ARK ETF Trust | 1.02% | 8,688 NS | July 31, 2026 | N-PORT |
| WRND · New York Life Investments ETF Trust | 0.88% | 49 NS | July 31, 2026 | N-PORT |
| NULC · Nushares ETF Trust | 0.80% | 300 NS | July 31, 2026 | N-PORT |
| TECB · iShares Trust | 0.69% | 1,794 SH | Sept. 11, 2026 | Daily |
| JADE · J.P. Morgan Exchange-Traded Fund Tr… | 0.64% | 104 NS | July 31, 2026 | N-PORT |
| UPSD · ETF Series Solutions | 0.56% | 350 NS | July 31, 2026 | N-PORT |
| HEQQ · J.P. Morgan Exchange-Traded Fund Tr… | 0.50% | 80 NS | July 31, 2026 | N-PORT |
| QRMI · Global X Funds | 0.46% | 35 NS | July 31, 2026 | N-PORT |
| JEMA · J.P. Morgan Exchange-Traded Fund Tr… | 0.45% | 3,901 NS | July 31, 2026 | N-PORT |
| QYLD · Global X Funds | 0.45% | 19,181 NS | July 31, 2026 | N-PORT |
| QYLG · Global X Funds | 0.44% | 374 NS | July 31, 2026 | N-PORT |
| QTR · Global X Funds | 0.44% | 18 NS | July 31, 2026 | N-PORT |
| PTNQ · Pacer Funds Trust | 0.44% | 2,781 NS | July 31, 2026 | N-PORT |
| QSIX · Pacer Funds Trust | 0.40% | 39 NS | July 31, 2026 | N-PORT |
| QCLR · Global X Funds | 0.40% | 7 NS | July 31, 2026 | N-PORT |
| QQWZ · Pacer Funds Trust | 0.40% | 107 NS | July 31, 2026 | N-PORT |
| USMV · iShares Trust | 0.39% | 48,341 SH | Sept. 11, 2026 | Daily |
| HAPI · Harbor ETF Trust | 0.38% | 985 NS | July 31, 2026 | N-PORT |
| TRFM · ETF Series Solutions | 0.36% | 480 NS | July 31, 2026 | N-PORT |
| QQQ · Invesco QQQ Trust, Series 1 | 0.36% | 1,058,172 SH | Oct. 5, 2026 | Daily |
| QQQM · Invesco Exchange-Traded Fund Trust … | 0.36% | 233,658 SH | Oct. 5, 2026 | Daily |
| USXF · iShares Trust | 0.35% | 2,706 SH | Sept. 11, 2026 | Daily |
| SUSA · iShares Trust | 0.32% | 6,697 SH | Sept. 11, 2026 | Daily |
| EGUS · iShares Trust | 0.30% | 44 SH | Sept. 11, 2026 | Daily |
| IQSU · New York Life Investments ETF Trust | 0.26% | 457 NS | July 31, 2026 | N-PORT |
| SUSL · iShares Trust | 0.26% | 1,610 SH | Sept. 11, 2026 | Daily |
| WINN · Harbor ETF Trust | 0.22% | 1,349 NS | July 31, 2026 | N-PORT |
| SIZE · iShares Trust | 0.22% | 490 SH | Sept. 11, 2026 | Daily |
| FFLC · FIDELITY COVINGTON TRUST | 0.22% | 1,382 NS | July 31, 2026 | N-PORT |
| EUSA · iShares, Inc. | 0.20% | 2,044 SH | Sept. 11, 2026 | Daily |
| GTO · Invesco Actively Managed Exchange-T… | 0.19% | 6,100,000 | Oct. 5, 2026 | Daily |
| GLBL · Pacer Funds Trust | 0.17% | 1 NS | July 31, 2026 | N-PORT |
| IUS · Invesco Exchange-Traded Self-Indexe… | 0.17% | 944 SH | Oct. 5, 2026 | Daily |
| USCL · iShares Trust | 0.16% | 2,429 SH | Sept. 11, 2026 | Daily |
| GLOF · iShares Trust | 0.16% | 171 SH | Sept. 11, 2026 | Daily |
| ESGU · iShares Trust | 0.15% | 14,429 SH | Sept. 11, 2026 | Daily |
| ACWV · iShares, Inc. | 0.15% | 2,593 SH | Sept. 11, 2026 | Daily |
| ILCV · iShares Trust | 0.15% | 1,025 SH | Sept. 11, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.14% | 10,604 SH | Aug. 19, 2026 | Daily |
| BKLC · BNY Mellon ETF Trust | 0.14% | 4,003 NS | July 31, 2026 | N-PORT |
| BBUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.14% | 6,492 NS | July 31, 2026 | N-PORT |
| VOTE · TCW ETF Trust | 0.14% | 796 NS | July 31, 2026 | N-PORT |
| ILCB · iShares Trust | 0.14% | 917 SH | Sept. 11, 2026 | Daily |
| ILCG · iShares Trust | 0.12% | 2,025 SH | Sept. 11, 2026 | Daily |
| PBUS · Invesco Exchange-Traded Fund Trust … | 0.12% | 7,510 SH | Oct. 5, 2026 | Daily |
| CRBN · iShares Trust | 0.11% | 690 SH | Sept. 11, 2026 | Daily |
| TOK · iShares Trust | 0.10% | 126 SH | Sept. 11, 2026 | Daily |
| VOXP · Advisors Series Trust | 0.10% | 3 NS | July 31, 2026 | N-PORT |
| URTH · iShares, Inc. | 0.10% | 4,076 SH | Sept. 11, 2026 | Daily |
| TILT · FlexShares Trust | 0.09% | 1,085 NS | July 31, 2026 | N-PORT |
| ACWI · iShares Trust | 0.08% | 14,638 SH | Sept. 11, 2026 | Daily |
| PEVC · Pacer Funds Trust | 0.08% | 1 NS | July 31, 2026 | N-PORT |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.07% | 39,324 SH | Aug. 19, 2026 | Daily |
| LRGF · iShares Trust | 0.05% | 956 SH | Sept. 11, 2026 | Daily |
| FTLS · First Trust Exchange-Traded Fund III | -0.48% | -6,388 NS | July 31, 2026 | N-PORT |
MELI Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
26 analysts · 2026-10-04Mean target $2269.94 +22.2%
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Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
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