MercadoLibre, Inc.
Financial Performance
MercadoLibre Revenue & Financials
Revenue
$28.9B (FY2025)
Market Cap
$89B
Net Income
$2B
Employees
123,670
What is MercadoLibre's revenue?
MercadoLibre had $28.9B in revenue for fiscal year 2025, up 39.1% from 2024. Net income was $2B.
- Latest revenue
- $28.9B (FY2025)
- Year-over-year
- +39.1%
- Growth rate (CAGR)
- 48.1% over 9 years
- Peak revenue
- $28.9B (FY2025)
- Years of data
- 10
- Employees
- 123,670
- What is MercadoLibre's operating income?
- MercadoLibre reported operating income of $3.2B for fiscal year 2025. sec.gov
- How much profit does MercadoLibre make?
- MercadoLibre reported net income of $2B for fiscal year 2025. sec.gov
- How many employees does MercadoLibre have?
- MercadoLibre has about 123,670 employees.
Financial Analysis
Revenue has compounded quickly: $10.8 billion in 2022, $15.1 billion in 2023, $20.8 billion in 2024 and $28.9 billion in 2025. Net income rose from $482 million in 2022 to about $2.0 billion in 2025, and 2025 operating cash flow was about $12.1 billion, boosted by fintech balances. Margins are now under pressure. In Q2 2026, revenue grew 50% to $10.2 billion, but operating income was $683 million (a 6.7% margin) and net income fell 11% to $466 million, or $9.19 per share. The drivers were credit-card expansion, free-shipping subsidies and first-party retail investment. MercadoLibre, Inc. is the absolute largest e-commerce and payments ecosystem in Latin America, commanding a monumental market valuation generally exceeding $80 billion.
Revenue Trend Analysis
YoY Change
+39.1%
9-Year CAGR
+48.1%
Peak Year
2025
Trend
Consistent Growth
MercadoLibre, Inc. has 10 full fiscal year figures on this page, compounding at +48.1% annually over 9 years. The most recent year saw a 39.1% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $28.9B. Of 9 comparable year-over-year steps, 9 showed growth and 0 showed a decline.
Annual revenue history
Click any row to see year details.
MercadoLibre, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $12.1B | — | $42.7B | $35.9B | $6.7B | — | Form 10-K |
| FY2024ended Dec 31, 2024 | $7.9B | — | $25.2B | $20.8B | $4.4B | — | Form 10-K |
| FY2023ended Dec 31, 2023 | $5.1B | $509M | $17.6B | $14.5B | $3.1B | $4.6B | Form 10-K |
| FY2022ended Dec 31, 2022 | $2.9B | $454M | $13.7B | $11.9B | $1.8B | $2.5B | Form 10-K |
| FY2021ended Dec 31, 2021 | $965M | $573M | $10.1B | $8.6B | $1.5B | $392M | Form 10-K |
| FY2020ended Dec 31, 2020 | $1.2B | $247M | $6.5B | $4.9B | $1.7B | $935M | Form 10-K |
| FY2019ended Dec 31, 2019 | $451.1M | $136.8M | $4.8B | $2.7B | $2B | $314.3M | Form 10-K |
| FY2018ended Dec 31, 2018 | $230.9M | $93.1M | $2.2B | $1.9B | $336.7M | $137.8M | Form 10-K |
| FY2017ended Dec 31, 2017 | $269M | $55.2M | $1.7B | $1.3B | $325.8M | $213.9M | Form 10-K |
| FY2016ended Dec 31, 2016 | $190.3M | $68.5M | $1.4B | $938.6M | $428.9M | $121.7M | Form 10-K |
Related Companies
Compare MercadoLibre, Inc. Revenue With Competitors
Keep researching MercadoLibre
MercadoLibre Revenue and Financial FAQ
What is MercadoLibre's annual total net revenue and growth trajectory?
MercadoLibre, Inc. reported revenue of $28.9 billion for fiscal year 2025, up from $20.8 billion in fiscal 2024.
What is the Total Payment Volume (TPV) processed by Mercado Pago?
Mercado Pago's total payment volume exceeded $100 billion in Q2 2026 alone, up 56% year over year.
What are MercadoLibre's operating margins and net income?
Net income was about $2.0 billion in 2025. In Q2 2026, operating income was $683 million (a 6.7% margin) and net income was $466 million, down 11% year over year due to investments in shipping, credit cards and first-party retail.
What is MercadoLibre's market capitalization on the NASDAQ?
MercadoLibre's market value was roughly $89 billion in late September 2026, below its mid-2025 peak of more than $130 billion. It trades on NASDAQ as MELI.
How does MercadoLibre manage Latin American currency volatility and inflation?
MercadoLibre operates in highly inflationary environments (especially Argentina) by pricing contracts dynamically, holding treasury reserves in US dollars, utilizing foreign exchange hedging instruments, and re-investing local currency cash flows rapidly into local physical infrastructure and working capital.
How fast is MercadoLibre's credit business growing?
The credit portfolio reached $16.4 billion in Q2 2026, up 75% year over year, and Mercado Pago issued 2.6 million new credit cards in the quarter.
How much cash does MercadoLibre generate?
Operating cash flow was about $12.1 billion in 2025, far above net income, largely because of fintech balance-sheet activity.
Does MercadoLibre pay a cash dividend or focus on reinvestment?
MercadoLibre does not pay a regular cash dividend, retaining 100% of its operating cash flows and net earnings to reinvest into Latin American logistics expansion, fintech credit lines, software engineering, and regional market share capture.
Is MercadoLibre financially successful?
It is the absolute most valuable company in Latin America. Their financial resilience is legendary. Operating in Argentina (which routinely experiences 100%+ hyperinflation) and Brazil (which suffers massive currency devaluation) destroys normal companies. MercadoLibre perfectly hedges this by operating across 18 countries, allowing the massive profits from Mexico and Brazil to shield the company from regional economic collapses.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "MercadoLibre Revenue & Financials." CorpDigest, https://corpdigest.com/company/mercadolibre/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>MercadoLibre reported $28.9B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/mercadolibre/financials" target="_blank" rel="noopener">CorpDigest — MercadoLibre financials</a></div>Related Financial Audits
Compare revenue, net income, and market cap scale
Explore MercadoLibre
Core profile pages, founders and related research hubs for this company.