MercadoLibre (MELI) Financials

$2,037.12 +40.17 (+2.01%)

As of 04/14/2025 04:00 PM Eastern

Annual Income Statements for MercadoLibre

This table shows MercadoLibre's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	106	136	14	-37	-172	-1.00	83	482	987	1,911
Consolidated Net Income / (Loss)	106	136	14	-37	-172	-1.00	83	482	987	1,911
Net Income / (Loss) Continuing Operations	106	136	14	-37	-172	-1.00	83	482	987	1,911
Total Pre-Tax Income	150	185	54	-65	-107	81	241	780	1,553	2,432
Total Operating Income	139	181	56	-69	-153	128	441	1,069	2,207	2,631
Total Gross Profit	360	537	720	697	1,102	1,576	2,570	4,125	6,540	7,719
Total Revenue	652	844	1,217	1,440	2,296	3,974	7,069	10,780	15,107	20,777
Operating Revenue	652	844	1,217	1,440	2,296	3,974	7,069	10,780	15,107	20,777
Total Cost of Revenue	291	308	497	743	1,194	2,398	4,499	6,655	8,567	13,058
Operating Cost of Revenue	291	308	497	743	1,194	2,265	4,064	5,582	7,517	11,200
Other Cost of Revenue	-	-	-	-	-	133	435	1,073	1,050	1,858
Total Operating Expenses	221	356	663	766	1,255	1,448	2,129	3,056	4,333	5,088
Selling, General & Admin Expense	76	87	122	138	197	327	465	661	766	963
Marketing Expense	129	156	325	482	834	768	1,074	1,296	1,736	2,191
Research & Development Expense	-	98	127	146	224	353	590	1,099	1,831	1,934
Total Other Income / (Expense), net	11	4.27	-2.20	4.03	46	-47	-200	-289	-654	-199
Interest Expense	20	26	26	56	66	107	229	135	174	165
Interest & Investment Income	21	35	46	42	114	103	138	44	135	148
Other Income / (Expense), net	11	-5.57	-22	18	-1.73	-43	-109	-198	-615	-182
Income Tax Expense	45	49	40	-29	65	82	149	298	569	521
Other Gains / (Losses), net	-	-	-	-	0.00	0.00	-9.00	0.00	3.00	0.00
Basic Earnings per Share	$2.40	$3.09	$0.31	($0.82)	($3.71)	($0.08)	$1.67	$9.57	$19.64	$37.69
Weighted Average Basic Shares Outstanding	44.16M	44.16M	44.16M	44.53M	48.69M	49.74M	49.80M	50.35M	50.26M	50.70M
Diluted Earnings per Share	$2.40	$3.09	$0.31	($0.82)	($3.71)	($0.08)	$1.67	$9.53	$19.46	$37.69
Weighted Average Diluted Shares Outstanding	44.16M	44.16M	44.16M	44.53M	48.69M	49.74M	49.80M	51.34M	51.01M	50.70M
Weighted Average Basic & Diluted Shares Outstanding	44.10M	44.10M	44.50M	44.60M	49.71M	49.87M	50.42M	50.26M	50.70M	50.70M

This table shows MercadoLibre's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	129	165	201	262	359	165	344	531	397	639
Consolidated Net Income / (Loss)	129	165	201	262	359	165	344	531	397	639
Net Income / (Loss) Continuing Operations	129	165	201	262	359	165	344	531	397	639
Total Pre-Tax Income	198	308	320	472	531	230	481	668	520	763
Total Operating Income	296	384	418	669	785	335	528	726	557	820
Total Gross Profit	1,060	1,011	1,362	1,831	1,818	1,529	1,650	1,915	1,932	2,222
Total Revenue	2,690	3,245	3,186	3,585	3,927	4,409	4,333	5,073	5,312	6,059
Operating Revenue	2,690	3,245	3,186	3,585	3,927	4,409	4,333	5,073	5,312	6,059
Total Cost of Revenue	1,630	2,234	1,824	1,976	2,109	2,658	2,683	3,158	3,380	3,837
Operating Cost of Revenue	1,342	1,752	1,572	1,754	1,832	2,359	2,309	2,708	2,873	3,310
Other Cost of Revenue	288	-	252	222	277	299	374	450	507	527
Total Operating Expenses	764	627	944	940	1,033	1,416	1,122	1,189	1,375	1,402
Selling, General & Admin Expense	153	176	180	189	196	201	186	218	305	254
Marketing Expense	333	381	383	383	441	529	478	511	566	636
Research & Development Expense	278	325	381	368	396	686	458	460	504	512
Total Other Income / (Expense), net	-98	-76	-98	-197	-254	-105	-47	-58	-37	-57
Interest Expense	92	-86	34	49	53	38	38	39	40	48
Interest & Investment Income	65	-98	23	34	38	40	25	39	43	41
Other Income / (Expense), net	-71	-64	-87	-182	-239	-107	-34	-58	-40	-50
Income Tax Expense	69	144	122	210	172	65	137	137	123	124
Basic Earnings per Share	$2.57	$3.27	$4.01	$5.22	$7.18	$3.23	$6.78	$10.48	$7.83	$12.60
Weighted Average Basic Shares Outstanding	50.33M	50.35M	50.25M	50.16M	50.01M	50.26M	50.70M	50.70M	50.70M	50.70M
Diluted Earnings per Share	$2.56	$3.24	$3.97	$5.16	$7.16	$3.17	$6.78	$10.48	$7.83	$12.60
Weighted Average Diluted Shares Outstanding	51.32M	51.34M	51.24M	51.15M	50.21M	51.01M	50.70M	50.70M	50.70M	50.70M
Weighted Average Basic & Diluted Shares Outstanding	50.29M	50.26M	50.21M	50.09M	50.56M	50.70M	50.70M	50.70M	50.70M	50.70M

This table details how cash moves in and out of MercadoLibre's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-56	86	195	167	987	1,057	1,140	-15	1,423	1,590
Net Cash From Operating Activities	221	190	269	231	451	1,182	965	2,940	5,140	7,918
Net Cash From Continuing Operating Activities	221	190	269	231	451	1,182	965	2,940	5,140	7,918
Net Income / (Loss) Continuing Operations	106	136	14	-37	-172	-1.00	83	482	987	1,911
Consolidated Net Income / (Loss)	106	136	14	-37	-172	-1.00	83	482	987	1,911
Depreciation Expense	23	29	41	46	73	105	204	403	524	617
Amortization Expense	17	9.84	11	11	17	15	76	122	113	114
Non-Cash Adjustments To Reconcile Net Income	28	24	133	21	112	348	686	1,596	2,022	4,658
Changes in Operating Assets and Liabilities, net	47	-8.84	71	189	421	715	-84	337	1,494	618
Net Cash From Investing Activities	-184	-84	-23	-672	-1,448	-252	-1,597	-3,871	-3,450	-8,287
Net Cash From Continuing Investing Activities	-184	-84	-23	-672	-1,448	-252	-1,597	-3,871	-3,450	-8,287
Purchase of Property, Plant & Equipment	-39	-69	-55	-93	-137	-247	-573	-455	-509	-860
Acquisitions	-47	-7.72	-36	-4.39	-0.07	-7.00	-92	0.00	0.00	-6.00
Purchase of Investments	-1,950	-3,501	-4,554	-3,176	-4,491	-5,204	-7,391	-12,739	-18,994	-16,724
Sale and/or Maturity of Investments	1,876	3,508	4,714	2,663	3,354	5,551	7,807	11,024	18,100	13,991
Other Investing Activities, net	-23	-15	-92	-62	-174	-345	-1,348	-1,701	-2,047	-4,688
Net Cash From Financing Activities	-28	-20	-51	609	2,021	242	1,925	916	-267	1,959
Net Cash From Continuing Financing Activities	-28	-20	-51	609	2,021	242	1,925	916	-267	1,959
Repayment of Debt	-9.06	-6.68	-5.00	-488	-473	-1,785	-8,647	-15,933	-24,841	-17,461
Repurchase of Common Equity	-2.71	-	0.00	0.00	-0.72	-54	-486	-148	-356	-1.00
Issuance of Debt	5.03	11	48	1,117	630	2,396	9,262	17,017	24,963	19,472
Other Financing Activities, net	-	-	-67	-13	-98	-312	276	-20	-33	-51
Cash Interest Paid	7.98	8.06	7.73	20	41	54	58	247	608	456
Cash Income Taxes Paid	66	74	111	99	95	140	282	437	651	1,052

This table details how cash moves in and out of MercadoLibre's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	275	1,105	161	300	-568	1,530	-30	5.00	-345	1,960
Net Cash From Operating Activities	724	1,542	859	1,412	941	1,928	1,512	1,882	1,600	2,924
Net Cash From Continuing Operating Activities	724	1,542	859	1,415	941	1,925	1,512	1,894	1,598	2,914
Net Income / (Loss) Continuing Operations	129	165	201	262	359	165	344	531	397	639
Consolidated Net Income / (Loss)	129	165	201	262	359	165	344	531	397	639
Depreciation Expense	97	122	126	128	135	135	154	154	157	152
Amortization Expense	-22	-10	52	65	-38	34	48	34	-4.00	36
Non-Cash Adjustments To Reconcile Net Income	-73	916	382	903	322	415	1,053	566	742	2,297
Changes in Operating Assets and Liabilities, net	593	349	98	57	163	1,176	-87	609	306	-210
Net Cash From Investing Activities	-664	-646	-538	-668	-1,330	-914	-1,466	-2,085	-2,608	-2,128
Net Cash From Continuing Investing Activities	-664	-646	-538	-668	-1,330	-914	-1,466	-2,085	-2,608	-2,128
Purchase of Property, Plant & Equipment	-106	-113	-89	-114	-126	-180	-146	-183	-222	-309
Acquisitions	-	1.00	0.00	-	-	-	-2.00	-1.00	-1.00	-2.00
Purchase of Investments	-3,076	-3,466	-5,132	-4,928	-5,529	-3,405	-4,100	-4,623	-3,672	-4,329
Sale and/or Maturity of Investments	2,818	3,163	5,104	4,819	4,924	3,253	3,728	3,766	2,613	3,884
Other Investing Activities, net	-300	-231	-421	-445	-599	-582	-946	-1,044	-1,326	-1,372
Net Cash From Financing Activities	342	-12	-112	-360	132	73	0.00	476	726	757
Net Cash From Continuing Financing Activities	342	-12	-112	-360	132	73	0.00	476	726	757
Repayment of Debt	-4,775	-4,512	-6,022	-6,547	-6,784	-5,488	-3,506	-3,314	-4,514	-6,127
Issuance of Debt	5,163	4,539	5,977	6,340	7,073	5,573	3,519	3,804	5,252	6,897
Other Financing Activities, net	-5.00	-6.00	-6.00	-7.00	-8.00	-12	-13	-13	-12	-13

This table presents MercadoLibre's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	1,004	1,367	1,673	2,240	4,782	6,526	10,101	13,736	17,612	25,196
Total Current Assets	545	869	1,287	1,511	3,789	5,347	8,175	10,953	14,260	20,142
Cash & Equivalents	167	234	388	440	1,385	1,856	2,585	1,910	2,556	2,635
Restricted Cash	-	-	-	24	67	652	1,063	1,453	1,292	2,064
Short-Term Investments	202	253	209	462	1,597	1,241	810	2,339	3,480	4,485
Note & Lease Receivable	-	6.28	73	96	182	385	1,199	1,704	2,629	4,716
Accounts Receivable	28	25	28	35	35	50	98	130	156	255
Inventories, net	0.22	1.10	2.55	4.61	8.63	118	253	152	238	296
Other Current Assets	142	334	579	422	469	1,016	2,127	3,265	3,909	5,691
Plant, Property, & Equipment, net	82	124	115	166	244	392	807	0.00	0.00	0.00
Total Noncurrent Assets	377	374	271	563	749	788	1,119	2,783	3,352	5,054
Long-Term Investments	188	154	35	276	264	166	89	322	162	1,203
Noncurrent Note & Lease Receivables	-	-	-	0.00	6.44	17	61	32	65	179
Goodwill	87	92	92	89	88	85	148	153	163	149
Intangible Assets	29	26	23	19	14	14	45	25	11	12
Noncurrent Deferred & Refundable Income Taxes	30	45	57	141	118	135	181	346	710	802
Other Noncurrent Operating Assets	44	57	64	38	259	371	595	1,905	2,241	2,709
Total Liabilities & Shareholders' Equity	1,004	1,367	1,673	2,240	4,782	6,526	10,101	13,736	17,612	25,196
Total Liabilities	664	939	1,347	1,903	2,700	4,875	8,570	11,909	14,541	20,845
Total Current Liabilities	322	577	968	1,166	1,752	3,636	5,837	8,562	11,263	16,603
Short-Term Debt	1.97	12	56	133	186	548	1,285	2,131	2,292	2,828
Accounts Payable	265	476	804	908	1,266	2,463	3,429	4,847	6,592	10,150
Current Deferred & Payable Income Tax Liabilities	10	27	32	31	60	216	291	414	477	525
Current Employee Benefit Liabilities	33	49	65	60	102	207	313	401	545	727
Other Current Liabilities	7.67	6.36	3.68	34	138	201	519	769	1,357	2,373
Total Noncurrent Liabilities	342	362	379	737	947	1,239	2,733	3,347	3,278	4,242
Long-Term Debt	294	302	312	602	631	861	2,233	2,627	2,203	2,887
Capital Lease Obligations	-	-	-	0.00	177	244	372	514	672	894
Noncurrent Deferred & Payable Income Tax Liabilities	27	34	24	92	100	64	62	106	183	204
Other Noncurrent Operating Liabilities	9.86	9.81	18	20	13	20	66	100	220	257
Commitments & Contingencies	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	339	429	326	337	1,983	1,652	1,531	1,827	3,071	4,351
Total Preferred & Common Equity	339	429	326	337	1,983	1,652	1,531	1,827	3,071	4,351
Total Common Equity	339	429	326	337	1,983	1,652	1,531	1,827	3,071	4,351
Common Stock	138	138	71	225	2,068	1,861	2,439	2,309	1,770	1,770
Retained Earnings	441	551	538	503	323	314	397	913	1,901	3,812
Treasury Stock	-	-	-	0.00	-0.72	-55	-790	-	-	-311
Accumulated Other Comprehensive Income / (Loss)	-239	-260	-283	-392	-407	-468	-515	-464	-290	-920

This table presents MercadoLibre's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	11,962	13,736	14,201	15,243	16,124	17,612	19,062	20,030	22,623	25,196
Total Current Assets	9,351	10,953	11,336	12,290	13,050	14,260	15,505	16,479	17,824	20,142
Cash & Equivalents	1,455	1,910	2,143	1,860	2,171	2,556	2,579	2,818	2,162	2,635
Restricted Cash	1,073	1,453	1,381	1,964	1,085	1,292	1,239	1,005	1,316	2,064
Short-Term Investments	1,943	2,339	2,479	2,839	3,320	3,480	3,671	4,073	4,511	4,485
Note & Lease Receivable	1,724	1,704	1,877	2,051	2,336	2,629	3,119	3,440	4,248	4,716
Accounts Receivable	108	130	132	160	161	156	170	190	216	255
Inventories, net	160	152	199	236	246	238	223	257	322	296
Other Current Assets	2,826	3,265	3,080	3,125	3,688	3,909	4,504	4,696	5,049	5,691
Plant, Property, & Equipment, net	945	0.00	1,036	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	1,666	2,783	1,829	2,953	3,074	3,352	3,557	3,551	4,799	5,054
Long-Term Investments	375	322	278	149	149	162	249	416	1,226	1,203
Noncurrent Note & Lease Receivables	42	32	31	76	42	65	86	111	156	179
Goodwill	147	153	160	166	159	163	158	149	149	149
Intangible Assets	29	25	24	22	21	11	12	13	12	12
Noncurrent Deferred & Refundable Income Taxes	269	346	357	348	489	710	810	767	780	802
Other Noncurrent Operating Assets	804	1,905	979	2,192	2,214	2,241	2,242	2,095	2,476	2,709
Total Liabilities & Shareholders' Equity	11,962	13,736	14,201	15,243	16,124	17,612	19,062	20,030	22,623	25,196
Total Liabilities	10,331	11,909	12,161	12,991	13,383	14,541	15,672	16,374	18,621	20,845
Total Current Liabilities	7,002	8,562	8,827	9,616	10,306	11,263	12,256	12,914	14,313	16,603
Short-Term Debt	1,946	2,131	2,332	2,286	2,272	2,292	2,246	2,203	2,250	2,828
Accounts Payable	3,713	4,847	4,850	5,565	5,926	6,592	7,262	7,958	8,794	10,150
Current Deferred & Payable Income Tax Liabilities	338	414	363	447	530	477	500	419	426	525
Current Employee Benefit Liabilities	345	401	425	394	519	545	531	482	665	727
Other Current Liabilities	645	769	838	903	1,038	1,357	1,717	1,852	2,178	2,373
Total Noncurrent Liabilities	3,329	3,347	3,334	3,375	3,077	3,278	3,416	3,460	4,308	4,242
Long-Term Debt	2,743	2,627	2,500	2,481	2,182	2,203	2,224	2,439	3,103	2,887
Capital Lease Obligations	470	514	529	595	615	672	653	623	770	894
Noncurrent Deferred & Payable Income Tax Liabilities	36	106	117	112	163	183	226	159	193	204
Other Noncurrent Operating Liabilities	80	100	188	187	117	220	313	239	242	257
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,631	1,827	2,040	2,252	2,741	3,071	3,390	3,656	4,002	4,351
Total Preferred & Common Equity	1,631	1,827	2,040	2,252	2,741	3,071	3,390	3,656	4,002	4,351
Total Common Equity	1,631	1,827	2,040	2,252	2,741	3,071	3,390	3,656	4,002	4,351
Common Stock	2,308	2,309	2,309	2,309	1,959	1,770	1,770	1,770	1,770	1,770
Retained Earnings	748	913	1,114	1,376	1,735	1,901	2,245	2,776	3,173	3,812
Treasury Stock	-898	-	-992	-1,138	-587	-	-	-311	-	-311
Accumulated Other Comprehensive Income / (Loss)	-527	-464	-391	-295	-366	-290	-315	-579	-630	-920

This table displays calculated financial ratios and metrics derived from MercadoLibre's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	17.12%	29.55%	44.07%	18.34%	59.50%	73.06%	77.88%	52.50%	40.14%	37.53%
EBITDA Growth	33.48%	12.34%	-59.69%	-93.11%	-1,181.55%	418.13%	198.54%	128.10%	59.67%	42.66%
EBIT Growth	27.26%	16.74%	-80.26%	-247.94%	-202.28%	154.88%	290.59%	162.35%	82.78%	53.83%
NOPAT Growth	36.16%	36.15%	-89.24%	-439.14%	-120.43%	98.53%	10,753.31%	292.39%	111.69%	47.84%
Net Income Growth	45.61%	28.90%	-89.89%	-365.49%	-370.14%	99.42%	8,400.00%	480.72%	104.77%	93.62%
EPS Growth	47.24%	28.75%	-89.97%	-364.52%	-352.44%	97.84%	2,187.50%	470.66%	104.20%	93.68%
Operating Cash Flow Growth	12.49%	-14.05%	41.39%	-14.16%	95.36%	162.03%	-18.36%	204.66%	74.83%	54.05%
Free Cash Flow Firm Growth	-23.19%	30.18%	-50.84%	179.96%	-100.79%	31,539.43%	-452.95%	134.90%	275.42%	29.96%
Invested Capital Growth	20.04%	28.72%	-36.51%	-290.77%	-81.25%	-158.41%	243.00%	23.00%	-30.42%	-23.40%
Revenue Q/Q Growth	3.06%	9.83%	9.13%	5.11%	12.01%	19.68%	12.80%	11.54%	10.27%	12.35%
EBITDA Q/Q Growth	1.59%	5.48%	-59.58%	112.29%	-262.34%	97.36%	9.23%	37.81%	-0.71%	41.59%
EBIT Q/Q Growth	0.62%	7.80%	-79.08%	54.79%	-70.49%	64.81%	0.70%	68.15%	-3.46%	60.80%
NOPAT Q/Q Growth	-5.24%	22.24%	-89.16%	47.86%	-79.99%	71.54%	26.19%	45.56%	4.47%	55.05%
Net Income Q/Q Growth	4.76%	9.99%	-89.63%	64.12%	-42.93%	75.76%	6.24%	77.86%	0.00%	32.99%
EPS Q/Q Growth	5.73%	9.96%	-89.74%	64.50%	-44.36%	66.67%	5.70%	78.13%	-0.36%	33.37%
Operating Cash Flow Q/Q Growth	30.50%	-26.19%	-5.60%	3.68%	10.66%	17.70%	85.58%	40.07%	8.12%	14.39%
Free Cash Flow Firm Q/Q Growth	136.30%	-34.58%	-63.64%	84.98%	88.55%	-40.04%	-30.50%	140.52%	-21.49%	48.67%
Invested Capital Q/Q Growth	-39.46%	34.11%	5.22%	-19.16%	-49.03%	22.29%	145.47%	-44.70%	-31.06%	-37.03%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	55.29%	63.58%	59.15%	48.42%	48.00%	39.66%	36.36%	38.27%	43.29%	37.15%
EBITDA Margin	29.27%	25.39%	7.10%	0.41%	-2.81%	5.16%	8.66%	12.95%	14.75%	15.31%
Operating Margin	21.36%	21.44%	4.63%	-4.83%	-6.67%	3.22%	6.24%	9.92%	14.61%	12.66%
EBIT Margin	23.06%	20.78%	2.85%	-3.56%	-6.75%	2.14%	4.70%	8.08%	10.54%	11.79%
Profit (Net Income) Margin	16.23%	16.15%	1.13%	-2.54%	-7.49%	-0.03%	1.17%	4.47%	6.53%	9.20%
Tax Burden Percent	70.30%	73.58%	25.49%	55.90%	160.38%	-1.23%	34.44%	61.79%	63.55%	78.58%
Interest Burden Percent	100.11%	105.61%	156.10%	127.73%	69.24%	95.29%	72.59%	89.55%	97.55%	99.31%
Effective Tax Rate	29.70%	26.42%	74.51%	0.00%	0.00%	101.23%	61.83%	38.21%	36.64%	21.42%
Return on Invested Capital (ROIC)	127.55%	139.18%	16.28%	0.00%	0.00%	0.00%	128.12%	67.79%	153.42%	313.00%
ROIC Less NNEP Spread (ROIC-NNEP)	124.62%	138.09%	16.48%	0.00%	0.00%	0.00%	133.96%	93.14%	180.17%	318.13%
Return on Net Nonoperating Assets (RNNOA)	-97.12%	-103.68%	-12.63%	0.00%	0.00%	0.00%	-122.90%	-39.08%	-113.11%	-261.51%
Return on Equity (ROE)	30.43%	35.50%	3.65%	-11.04%	-14.22%	-0.05%	5.22%	28.71%	40.30%	51.50%
Cash Return on Invested Capital (CROIC)	109.34%	114.07%	60.94%	0.00%	0.00%	0.00%	-150.67%	47.16%	189.29%	339.50%
Operating Return on Assets (OROA)	15.26%	14.80%	2.28%	-2.62%	-4.41%	1.50%	3.99%	7.31%	10.16%	11.44%
Return on Assets (ROA)	10.74%	11.50%	0.91%	-1.87%	-4.90%	-0.02%	1.00%	4.04%	6.30%	8.93%
Return on Common Equity (ROCE)	30.43%	35.50%	3.65%	-11.04%	-13.64%	-0.05%	5.22%	28.71%	40.30%	51.50%
Return on Equity Simple (ROE_SIMPLE)	31.16%	31.80%	4.23%	-10.87%	-8.67%	-0.06%	5.42%	26.38%	32.14%	43.92%
Net Operating Profit after Tax (NOPAT)	98	133	14	-49	-107	-1.58	168	661	1,398	2,067
NOPAT Margin	15.01%	15.78%	1.18%	-3.38%	-4.67%	-0.04%	2.38%	6.13%	9.26%	9.95%
Net Nonoperating Expense Percent (NNEP)	2.93%	1.09%	-0.19%	3.33%	-4.65%	0.03%	-5.85%	-25.35%	-26.76%	-5.13%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	9.31%	16.97%	18.86%
Cost of Revenue to Revenue	44.71%	36.42%	40.85%	51.59%	52.00%	60.34%	63.64%	61.73%	56.71%	62.85%
SG&A Expenses to Revenue	11.71%	10.34%	10.04%	9.57%	8.60%	8.23%	6.58%	6.13%	5.07%	4.63%
R&D to Revenue	0.00%	11.66%	10.45%	10.16%	9.75%	8.88%	8.35%	10.19%	12.12%	9.31%
Operating Expenses to Revenue	33.93%	42.14%	54.53%	53.24%	54.67%	36.44%	30.12%	28.35%	28.68%	24.49%
Earnings before Interest and Taxes (EBIT)	150	175	35	-51	-155	85	332	871	1,592	2,449
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	191	214	86	5.96	-64	205	612	1,396	2,229	3,180
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	14.78	16.04	42.65	39.32	14.34	50.58	43.56	23.30	25.87	19.81
Price to Tangible Book Value (P/TBV)	22.40	22.13	66.06	57.75	15.11	53.82	49.84	25.81	27.43	20.57
Price to Revenue (P/Rev)	7.70	8.15	11.42	9.20	12.38	21.02	9.43	3.95	5.26	4.15
Price to Earnings (P/E)	47.41	50.44	1,008.31	0.00	0.00	0.00	803.50	88.30	80.50	45.11
Dividend Yield	0.36%	0.39%	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.11%	1.98%	0.10%	0.00%	0.00%	0.00%	0.12%	1.13%	1.24%	2.22%
Enterprise Value to Invested Capital (EV/IC)	56.82	60.81	199.26	0.00	0.00	0.00	75.55	38.89	103.12	143.86
Enterprise Value to Revenue (EV/Rev)	7.30	7.76	11.20	8.87	11.41	20.45	9.34	3.88	5.11	3.97
Enterprise Value to EBITDA (EV/EBITDA)	24.92	30.56	157.74	2,143.41	0.00	396.49	107.90	29.95	34.60	25.92
Enterprise Value to EBIT (EV/EBIT)	31.64	37.33	393.51	0.00	0.00	956.24	198.90	48.00	48.45	33.66
Enterprise Value to NOPAT (EV/NOPAT)	48.60	49.17	950.43	0.00	0.00	0.00	392.24	63.29	55.16	39.87
Enterprise Value to Operating Cash Flow (EV/OCF)	21.48	34.43	50.67	55.31	58.11	68.76	68.43	14.22	15.01	10.41
Enterprise Value to Free Cash Flow (EV/FCFF)	56.70	60.00	253.95	84.99	0.00	217.86	0.00	90.97	44.71	36.76
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.87	0.73	1.13	2.18	0.48	1.00	2.54	2.89	1.68	1.52
Long-Term Debt to Equity	0.87	0.70	0.96	1.79	0.39	0.67	1.70	1.72	0.94	0.87
Financial Leverage	-0.78	-0.75	-0.77	-1.09	-1.15	-1.23	-0.92	-0.42	-0.63	-0.82
Leverage Ratio	2.83	3.09	4.03	5.91	2.90	3.03	5.22	7.10	6.40	5.77
Compound Leverage Factor	2.84	3.26	6.29	7.54	2.01	2.89	3.79	6.36	6.24	5.73
Debt to Total Capital	46.61%	42.23%	53.07%	68.59%	32.32%	50.02%	71.76%	74.26%	62.72%	60.30%
Short-Term Debt to Total Capital	0.31%	1.56%	8.11%	12.40%	6.05%	16.60%	23.70%	30.02%	27.82%	25.80%
Long-Term Debt to Total Capital	46.30%	40.67%	44.96%	56.18%	26.27%	33.42%	48.05%	44.25%	34.90%	34.50%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	3.21%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	53.39%	57.77%	46.93%	31.41%	64.47%	49.98%	28.24%	25.74%	37.28%	39.70%
Debt to EBITDA	1.55	1.46	4.26	123.39	-15.43	8.06	6.36	3.78	2.32	2.08
Net Debt to EBITDA	-1.36	-1.53	-3.06	-78.41	35.98	-11.04	-1.07	-0.54	-1.04	-1.19
Long-Term Debt to EBITDA	1.54	1.41	3.61	101.08	-12.54	5.39	4.26	2.25	1.29	1.19
Debt to NOPAT	3.03	2.35	25.69	-15.12	-9.27	-1,045.96	23.11	7.98	3.70	3.20
Net Debt to NOPAT	-2.66	-2.46	-18.41	9.61	21.63	1,431.91	-3.90	-1.14	-1.66	-1.83
Long-Term Debt to NOPAT	3.01	2.27	21.76	-12.38	-7.54	-698.93	15.47	4.75	2.06	1.83
Altman Z-Score	6.56	6.26	7.66	5.24	7.30	11.32	5.81	3.44	4.79	4.01
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	4.09%	2.65%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.69	1.51	1.33	1.30	2.16	1.47	1.40	1.28	1.27	1.21
Quick Ratio	1.23	0.90	0.72	0.89	1.83	0.97	0.80	0.71	0.78	0.73
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	84	109	54	150	-1.19	373	-1,317	460	1,725	2,242
Operating Cash Flow to CapEx	565.44%	277.64%	487.73%	247.92%	329.75%	478.54%	168.41%	646.15%	1,009.82%	920.70%
Free Cash Flow to Firm to Interest Expense	4.11	4.26	2.03	2.67	-0.02	3.49	-5.75	3.40	9.92	13.59
Operating Cash Flow to Interest Expense	10.86	7.43	10.16	4.11	6.85	11.05	4.21	21.78	29.54	47.99
Operating Cash Flow Less CapEx to Interest Expense	8.94	4.75	8.08	2.45	4.77	8.74	1.71	18.41	26.61	42.78
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.66	0.71	0.80	0.74	0.65	0.70	0.85	0.90	0.96	0.97
Accounts Receivable Turnover	17.36	31.35	45.39	45.47	65.05	93.36	95.73	94.56	105.64	101.10
Inventory Turnover	0.00	464.21	272.15	207.41	180.42	37.83	24.24	32.86	43.93	48.91
Fixed Asset Turnover	7.53	8.20	10.18	10.27	11.21	12.50	11.79	0.00	0.00	0.00
Accounts Payable Turnover	1.19	0.83	0.78	0.87	1.10	1.29	1.53	1.61	1.50	1.56
Days Sales Outstanding (DSO)	21.03	11.64	8.04	8.03	5.61	3.91	3.81	3.86	3.46	3.61
Days Inventory Outstanding (DIO)	0.00	0.79	1.34	1.76	2.02	9.65	15.06	11.11	8.31	7.46
Days Payable Outstanding (DPO)	305.81	439.78	470.08	420.69	332.25	283.81	239.00	226.95	243.68	233.99
Cash Conversion Cycle (CCC)	-284.79	-427.35	-460.69	-410.90	-324.62	-270.25	-220.13	-211.99	-231.92	-222.91
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	84	108	68	-130	-237	-611	874	1,075	748	573
Invested Capital Turnover	8.50	8.82	13.81	-46.37	-12.51	-9.38	53.80	11.06	16.57	31.46
Increase / (Decrease) in Invested Capital	14	24	-39	-199	-106	-375	1,485	201	-327	-175
Enterprise Value (EV)	4,756	6,551	13,631	12,770	26,211	81,280	66,033	41,810	77,133	82,430
Market Capitalization	5,016	6,879	13,895	13,238	28,431	83,543	66,690	42,562	79,456	86,208
Book Value per Share	$7.69	$9.71	$7.38	$7.45	$39.89	$33.12	$30.96	$36.33	$60.74	$85.82
Tangible Book Value per Share	$5.07	$7.04	$4.76	$5.07	$37.84	$31.13	$27.05	$32.79	$57.30	$82.65
Total Capital	636	742	694	1,072	3,076	3,304	5,421	7,099	8,238	10,960
Total Debt	296	314	368	735	994	1,653	3,890	5,272	5,167	6,609
Total Long-Term Debt	294	302	312	602	808	1,104	2,605	3,141	2,875	3,781
Net Debt	-260	-328	-264	-467	-2,318	-2,263	-657	-752	-2,323	-3,778
Capital Expenditures (CapEx)	39	69	55	93	137	247	573	455	509	860
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-144	-183	-222	-448	-826	-1,490	-835	-1,180	-2,039	-2,817
Debt-free Net Working Capital (DFNWC)	225	304	375	478	2,223	2,259	3,623	4,522	5,289	6,367
Net Working Capital (NWC)	223	293	319	345	2,037	1,711	2,338	2,391	2,997	3,539
Net Nonoperating Expense (NNE)	-7.94	-3.14	0.56	-12	65	-0.58	85	179	411	156
Net Nonoperating Obligations (NNO)	-256	-321	-257	-467	-2,318	-2,263	-657	-752	-2,323	-3,778
Total Depreciation and Amortization (D&A)	40	39	52	57	90	120	280	525	637	731
Debt-free, Cash-free Net Working Capital to Revenue	-22.14%	-21.67%	-18.29%	-31.15%	-35.97%	-37.50%	-11.81%	-10.95%	-13.50%	-13.56%
Debt-free Net Working Capital to Revenue	34.47%	36.05%	30.84%	33.19%	96.79%	56.85%	51.25%	41.95%	35.01%	30.64%
Net Working Capital to Revenue	34.17%	34.68%	26.21%	23.96%	88.69%	43.05%	33.07%	22.18%	19.84%	17.03%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.40	$3.09	$0.31	($0.82)	$0.00	($0.08)	$1.67	$9.57	$19.64	$37.69
Adjusted Weighted Average Basic Shares Outstanding	44.16M	44.16M	44.16M	44.53M	0.00	49.74M	49.80M	50.35M	50.26M	50.70M
Adjusted Diluted Earnings per Share	$2.40	$3.09	$0.31	($0.82)	$0.00	($0.08)	$1.67	$9.53	$19.46	$37.69
Adjusted Weighted Average Diluted Shares Outstanding	44.16M	44.16M	44.16M	44.53M	0.00	49.74M	49.80M	51.34M	51.01M	50.70M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	44.16M	44.16M	44.16M	45.20M	0.00	49.87M	50.42M	50.26M	50.70M	50.70M
Normalized Net Operating Profit after Tax (NOPAT)	109	143	41	-49	-107	90	309	661	1,398	2,067
Normalized NOPAT Margin	16.76%	16.97%	3.40%	-3.38%	-4.67%	2.25%	4.37%	6.13%	9.26%	9.95%
Pre Tax Income Margin	23.09%	21.95%	4.44%	-4.55%	-4.67%	2.04%	3.41%	7.24%	10.28%	11.71%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.37	6.85	1.31	-0.91	-2.35	0.79	1.45	6.45	9.15	14.84
NOPAT to Interest Expense	4.80	5.20	0.54	-0.86	-1.63	-0.01	0.74	4.89	8.04	12.53
EBIT Less CapEx to Interest Expense	5.45	4.18	-0.78	-2.57	-4.43	-1.51	-1.05	3.08	6.22	9.63
NOPAT Less CapEx to Interest Expense	2.88	2.53	-1.54	-2.52	-3.70	-2.32	-1.77	1.52	5.11	7.32
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	19.83%	17.91%	192.28%	-18.11%	-1.65%	-300.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	22.39%	17.91%	192.28%	-18.11%	-2.07%	-5,700.00%	585.54%	30.71%	36.07%	0.05%

This table displays calculated financial ratios and metrics derived from MercadoLibre's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	44.78%	52.35%	41.73%	38.04%	45.99%	35.87%	36.00%	41.51%	35.27%	37.42%
EBITDA Growth	50.00%	781.63%	95.77%	68.32%	114.33%	-8.10%	36.74%	25.88%	4.20%	141.31%
EBIT Growth	66.67%	1,069.70%	143.38%	156.32%	142.67%	-28.75%	49.24%	37.17%	-5.31%	237.72%
NOPAT Growth	59.86%	1,117.07%	217.75%	95.26%	175.20%	17.54%	46.00%	55.41%	-19.87%	185.75%
Net Income Growth	35.79%	458.70%	209.23%	113.01%	178.29%	0.00%	71.14%	102.67%	10.59%	287.27%
EPS Growth	33.33%	444.68%	205.38%	112.35%	179.69%	-2.16%	70.78%	103.10%	9.36%	297.48%
Operating Cash Flow Growth	173.21%	119.97%	468.67%	55.68%	29.97%	25.03%	76.02%	33.29%	70.03%	51.66%
Free Cash Flow Firm Growth	-36.52%	100.24%	157.24%	184.57%	199.61%	16,261.09%	-44.91%	-53.48%	-56.81%	51.89%
Invested Capital Growth	445.99%	23.00%	-48.46%	-61.55%	-44.19%	-30.42%	-30.80%	-24.06%	-16.13%	-23.40%
Revenue Q/Q Growth	3.58%	20.63%	6.13%	12.52%	9.54%	12.27%	9.92%	17.08%	4.71%	14.06%
EBITDA Q/Q Growth	-25.74%	44.00%	23.24%	33.60%	-5.44%	-38.26%	461.29%	22.99%	-21.73%	42.99%
EBIT Q/Q Growth	18.42%	42.22%	16.14%	47.13%	12.12%	-58.24%	982.14%	35.22%	-22.60%	48.94%
NOPAT Q/Q Growth	1.40%	6.03%	39.18%	43.58%	42.92%	-54.72%	932.10%	52.83%	-26.31%	61.49%
Net Income Q/Q Growth	4.88%	27.91%	21.82%	30.35%	37.02%	-54.04%	108.48%	54.36%	-25.24%	60.96%
EPS Q/Q Growth	5.35%	26.56%	22.53%	29.97%	38.76%	-55.73%	113.88%	54.57%	-25.29%	60.92%
Operating Cash Flow Q/Q Growth	-20.18%	112.98%	-44.29%	64.38%	-33.36%	104.89%	-21.58%	24.47%	-14.98%	82.75%
Free Cash Flow Firm Q/Q Growth	28.73%	100.25%	8,746.93%	26.21%	-16.05%	-59.18%	98.75%	6.57%	-22.06%	43.56%
Invested Capital Q/Q Growth	-6.81%	-44.70%	4.19%	-28.39%	35.29%	-31.06%	3.61%	-21.42%	49.43%	-37.03%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	39.41%	31.16%	42.75%	51.07%	46.29%	34.68%	38.08%	37.75%	36.37%	36.67%
EBITDA Margin	11.15%	13.31%	15.98%	18.97%	16.37%	9.00%	16.06%	16.87%	12.61%	15.81%
Operating Margin	11.00%	11.83%	13.12%	18.66%	19.99%	7.60%	12.19%	14.31%	10.49%	13.53%
EBIT Margin	8.36%	9.86%	10.39%	13.58%	13.90%	5.17%	11.40%	13.17%	9.73%	12.71%
Profit (Net Income) Margin	4.80%	5.08%	6.31%	7.31%	9.14%	3.74%	7.94%	10.47%	7.47%	10.55%
Tax Burden Percent	65.15%	53.57%	62.81%	55.51%	67.61%	71.74%	71.52%	79.49%	76.35%	83.75%
Interest Burden Percent	88.00%	96.25%	96.68%	96.92%	97.25%	100.88%	97.37%	100.00%	100.58%	99.09%
Effective Tax Rate	34.85%	46.75%	38.13%	44.49%	32.39%	28.26%	28.48%	20.51%	23.65%	16.25%
Return on Invested Capital (ROIC)	60.25%	69.70%	56.58%	89.40%	122.25%	90.34%	143.67%	275.86%	148.42%	356.53%
ROIC Less NNEP Spread (ROIC-NNEP)	36.87%	75.30%	90.88%	112.57%	147.83%	95.24%	145.57%	277.91%	149.61%	358.10%
Return on Net Nonoperating Assets (RNNOA)	11.48%	-31.60%	-8.41%	-27.73%	-45.41%	-59.79%	-94.77%	-211.54%	-105.34%	-294.36%
Return on Equity (ROE)	71.73%	38.10%	48.16%	61.67%	76.84%	30.55%	48.90%	64.32%	43.07%	62.17%
Cash Return on Invested Capital (CROIC)	-98.62%	47.16%	113.54%	158.50%	145.10%	189.29%	170.91%	233.96%	151.21%	339.50%
Operating Return on Assets (OROA)	8.62%	8.92%	9.45%	12.69%	13.56%	4.98%	10.71%	12.77%	9.29%	12.34%
Return on Assets (ROA)	4.94%	4.60%	5.74%	6.83%	8.92%	3.61%	7.46%	10.15%	7.13%	10.24%
Return on Common Equity (ROCE)	71.73%	38.10%	48.16%	61.67%	76.84%	30.55%	48.90%	64.32%	43.07%	62.17%
Return on Equity Simple (ROE_SIMPLE)	16.62%	0.00%	30.29%	33.61%	36.01%	0.00%	33.33%	38.27%	35.91%	0.00%
Net Operating Profit after Tax (NOPAT)	193	204	259	371	531	240	378	577	425	687
NOPAT Margin	7.17%	6.30%	8.12%	10.36%	13.51%	5.45%	8.71%	11.38%	8.01%	11.33%
Net Nonoperating Expense Percent (NNEP)	23.38%	-5.60%	-34.31%	-23.17%	-25.57%	-4.90%	-1.90%	-2.05%	-1.19%	-1.56%
Return On Investment Capital (ROIC_SIMPLE)	-	2.88%	-	-	-	2.92%	-	-	-	6.27%
Cost of Revenue to Revenue	60.59%	68.84%	57.25%	55.12%	53.71%	60.29%	61.92%	62.25%	63.63%	63.33%
SG&A Expenses to Revenue	5.69%	5.42%	5.65%	5.27%	4.99%	4.56%	4.29%	4.30%	5.74%	4.19%
R&D to Revenue	10.33%	10.02%	11.96%	10.27%	10.08%	15.56%	10.57%	9.07%	9.49%	8.45%
Operating Expenses to Revenue	28.40%	19.32%	29.63%	26.22%	26.31%	32.12%	25.89%	23.44%	25.88%	23.14%
Earnings before Interest and Taxes (EBIT)	225	320	331	487	546	228	494	668	517	770
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	300	432	509	680	643	397	696	856	670	958
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	25.55	23.30	32.47	26.41	23.17	25.87	22.55	22.79	25.99	19.81
Price to Tangible Book Value (P/TBV)	28.64	25.81	35.69	28.82	24.80	27.43	23.74	23.85	27.08	20.57
Price to Revenue (P/Rev)	4.31	3.95	5.77	4.77	4.64	5.26	4.89	4.87	5.63	4.15
Price to Earnings (P/E)	153.76	88.30	107.19	78.57	64.35	80.50	67.65	59.55	72.39	45.11
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.65%	1.13%	0.93%	1.27%	1.55%	1.24%	1.48%	1.68%	1.38%	2.22%
Enterprise Value to Invested Capital (EV/IC)	21.60	38.89	58.32	72.35	57.01	103.12	95.26	131.80	110.92	143.86
Enterprise Value to Revenue (EV/Rev)	4.34	3.88	5.69	4.66	4.52	5.11	4.73	4.69	5.46	3.97
Enterprise Value to EBITDA (EV/EBITDA)	41.44	29.95	40.17	30.51	27.55	34.60	36.14	36.17	44.94	25.92
Enterprise Value to EBIT (EV/EBIT)	81.05	48.00	63.36	43.69	37.51	48.45	53.85	51.72	66.28	33.66
Enterprise Value to NOPAT (EV/NOPAT)	92.51	63.29	80.01	57.75	46.21	55.16	57.93	55.07	75.70	39.87
Enterprise Value to Operating Cash Flow (EV/OCF)	20.00	14.22	16.20	12.79	13.01	15.01	12.74	12.82	14.58	10.41
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	90.97	34.94	25.35	28.15	44.71	45.59	48.63	66.92	36.76
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.16	2.89	2.63	2.38	1.85	1.68	1.51	1.44	1.53	1.52
Long-Term Debt to Equity	1.97	1.72	1.48	1.37	1.02	0.94	0.85	0.84	0.97	0.87
Financial Leverage	0.31	-0.42	-0.09	-0.25	-0.31	-0.63	-0.65	-0.76	-0.70	-0.82
Leverage Ratio	10.70	7.10	6.95	6.97	6.42	6.40	6.13	5.97	5.75	5.77
Compound Leverage Factor	9.41	6.83	6.72	6.75	6.25	6.46	5.96	5.97	5.78	5.72
Debt to Total Capital	75.98%	74.26%	72.44%	70.42%	64.90%	62.72%	60.18%	59.02%	60.47%	60.30%
Short-Term Debt to Total Capital	28.66%	30.02%	31.51%	30.02%	29.09%	27.82%	26.38%	24.69%	22.22%	25.80%
Long-Term Debt to Total Capital	47.32%	44.25%	40.93%	40.40%	35.81%	34.90%	33.80%	34.32%	38.25%	34.50%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	24.02%	25.74%	27.56%	29.58%	35.10%	37.28%	39.82%	40.98%	39.53%	39.70%
Debt to EBITDA	5.09	3.78	3.30	2.82	2.26	2.32	2.51	2.37	2.73	2.08
Net Debt to EBITDA	0.31	-0.54	-0.57	-0.76	-0.74	-1.04	-1.28	-1.37	-1.38	-1.19
Long-Term Debt to EBITDA	3.17	2.25	1.86	1.62	1.25	1.29	1.41	1.38	1.72	1.19
Debt to NOPAT	11.37	7.98	6.57	5.34	3.79	3.70	4.02	3.61	4.59	3.20
Net Debt to NOPAT	0.69	-1.14	-1.13	-1.44	-1.24	-1.66	-2.05	-2.09	-2.32	-1.83
Long-Term Debt to NOPAT	7.08	4.75	3.71	3.06	2.09	2.06	2.26	2.10	2.90	1.83
Altman Z-Score	3.61	3.31	4.48	4.01	4.16	4.53	4.20	4.42	4.63	3.79
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.34	1.28	1.28	1.28	1.27	1.27	1.27	1.28	1.25	1.21
Quick Ratio	0.75	0.71	0.75	0.72	0.78	0.78	0.78	0.81	0.78	0.73
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,395	3.47	1,312	1,655	1,390	567	723	770	600	862
Operating Cash Flow to CapEx	683.02%	1,364.60%	965.17%	1,238.60%	746.83%	1,071.11%	1,035.62%	1,028.42%	720.72%	946.28%
Free Cash Flow to Firm to Interest Expense	-15.16	0.00	38.58	33.78	26.22	14.93	19.02	19.75	15.01	17.95
Operating Cash Flow to Interest Expense	7.87	0.00	25.26	28.82	17.75	50.74	39.79	48.26	40.00	60.92
Operating Cash Flow Less CapEx to Interest Expense	6.72	0.00	22.65	26.49	15.38	46.00	35.95	43.56	34.45	54.48
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.03	0.90	0.91	0.93	0.98	0.96	0.94	0.97	0.95	0.97
Accounts Receivable Turnover	108.27	94.56	99.78	95.14	101.86	105.64	103.44	97.76	98.11	101.10
Inventory Turnover	31.72	32.86	32.40	35.59	39.09	43.93	43.49	42.02	40.95	48.91
Fixed Asset Turnover	11.73	0.00	11.46	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	2.66	1.61	1.70	1.62	1.65	1.50	1.52	1.53	1.58	1.56
Days Sales Outstanding (DSO)	3.37	3.86	3.66	3.84	3.58	3.46	3.53	3.73	3.72	3.61
Days Inventory Outstanding (DIO)	11.51	11.11	11.26	10.26	9.34	8.31	8.39	8.69	8.91	7.46
Days Payable Outstanding (DPO)	137.46	226.95	215.01	225.78	221.69	243.68	240.89	238.26	231.01	233.99
Cash Conversion Cycle (CCC)	-122.58	-211.99	-200.09	-211.68	-208.77	-231.92	-228.97	-225.85	-218.37	-222.91
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,944	1,075	1,120	802	1,085	748	775	609	910	573
Invested Capital Turnover	8.40	11.06	6.97	8.63	9.05	16.57	16.49	24.25	18.54	31.46
Increase / (Decrease) in Invested Capital	1,588	201	-1,053	-1,284	-859	-327	-345	-193	-175	-175
Enterprise Value (EV)	41,982	41,810	65,323	58,026	61,855	77,133	73,829	80,269	100,937	82,430
Market Capitalization	41,669	42,562	66,243	59,476	63,511	79,456	76,444	83,316	104,029	86,208
Book Value per Share	$32.40	$36.33	$40.59	$44.85	$54.72	$60.74	$66.87	$72.11	$78.94	$85.82
Tangible Book Value per Share	$28.90	$32.79	$36.93	$41.11	$51.13	$57.30	$63.51	$68.92	$75.76	$82.65
Total Capital	6,790	7,099	7,401	7,614	7,810	8,238	8,513	8,921	10,125	10,960
Total Debt	5,159	5,272	5,361	5,362	5,069	5,167	5,123	5,265	6,123	6,609
Total Long-Term Debt	3,213	3,141	3,029	3,076	2,797	2,875	2,877	3,062	3,873	3,781
Net Debt	313	-752	-920	-1,450	-1,656	-2,323	-2,615	-3,047	-3,092	-3,778
Capital Expenditures (CapEx)	106	113	89	114	126	180	146	183	222	309
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-176	-1,180	-1,162	-1,703	-1,560	-2,039	-1,994	-2,128	-2,228	-2,817
Debt-free Net Working Capital (DFNWC)	4,295	4,522	4,841	4,960	5,016	5,289	5,495	5,768	5,761	6,367
Net Working Capital (NWC)	2,349	2,391	2,509	2,674	2,744	2,997	3,249	3,565	3,511	3,539
Net Nonoperating Expense (NNE)	64	39	58	109	172	75	34	46	28	48
Net Nonoperating Obligations (NNO)	313	-752	-920	-1,450	-1,656	-2,323	-2,615	-3,047	-3,092	-3,778
Total Depreciation and Amortization (D&A)	75	112	178	193	97	169	202	188	153	188
Debt-free, Cash-free Net Working Capital to Revenue	-1.82%	-10.95%	-10.13%	-13.66%	-11.39%	-13.50%	-12.77%	-12.44%	-12.05%	-13.56%
Debt-free Net Working Capital to Revenue	44.44%	41.95%	42.19%	39.80%	36.61%	35.01%	35.18%	33.72%	31.15%	30.64%
Net Working Capital to Revenue	24.30%	22.18%	21.86%	21.46%	20.03%	19.84%	20.80%	20.84%	18.99%	17.03%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.57	$3.27	$4.01	$5.22	$7.18	$3.23	$6.78	$10.48	$7.83	$12.60
Adjusted Weighted Average Basic Shares Outstanding	50.33M	50.35M	50.25M	50.16M	50.01M	50.26M	50.70M	50.70M	50.70M	50.70M
Adjusted Diluted Earnings per Share	$2.56	$3.24	$3.97	$5.16	$7.16	$3.17	$6.78	$10.48	$7.83	$12.60
Adjusted Weighted Average Diluted Shares Outstanding	51.32M	51.34M	51.24M	51.15M	50.21M	51.01M	50.70M	50.70M	50.70M	50.70M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	50.29M	50.26M	50.21M	50.09M	50.56M	50.70M	50.70M	50.70M	50.70M	50.70M
Normalized Net Operating Profit after Tax (NOPAT)	193	204	259	371	531	240	378	577	425	687
Normalized NOPAT Margin	7.17%	6.30%	8.12%	10.36%	13.51%	5.45%	8.71%	11.38%	8.01%	11.33%
Pre Tax Income Margin	7.36%	9.49%	10.04%	13.17%	13.52%	5.22%	11.10%	13.17%	9.79%	12.59%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.45	0.00	9.74	9.94	10.30	6.00	13.00	17.13	12.93	16.04
NOPAT to Interest Expense	2.10	0.00	7.61	7.58	10.01	6.32	9.94	14.80	10.63	14.31
EBIT Less CapEx to Interest Expense	1.29	0.00	7.12	7.61	7.92	1.26	9.16	12.44	7.38	9.60
NOPAT Less CapEx to Interest Expense	0.94	0.00	4.99	5.25	7.64	1.59	6.10	10.11	5.08	7.87
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	59.41%	30.71%	27.51%	37.12%	39.41%	36.07%	26.11%	10.72%	0.07%	0.05%

Frequently Asked Questions About MercadoLibre's Financials

When does MercadoLibre's financial year end?

According to the most recent income statement we have on file, MercadoLibre's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has MercadoLibre's net income changed over the last 9 years?

MercadoLibre's net income appears to be on an upward trend, with a most recent value of $1.91 billion in 2024, rising from $105.79 million in 2015. The previous period was $987 million in 2023.

What is MercadoLibre's operating income?

MercadoLibre's total operating income in 2024 was $2.63 billion, based on the following breakdown:

Total Gross Profit: $7.72 billion
Total Operating Expenses: $5.09 billion

How has MercadoLibre revenue changed over the last 9 years?

Over the last 9 years, MercadoLibre's total revenue changed from $651.79 million in 2015 to $20.78 billion in 2024, a change of 3,087.7%.

How much debt does MercadoLibre have?

MercadoLibre's total liabilities were at $20.85 billion at the end of 2024, a 43.4% increase from 2023, and a 3,038.6% increase since 2015.

How much cash does MercadoLibre have?

In the past 9 years, MercadoLibre's cash and equivalents has ranged from $166.88 million in 2015 to $2.64 billion in 2024, and is currently $2.64 billion as of their latest financial filing in 2024.

How has MercadoLibre's book value per share changed over the last 9 years?

Over the last 9 years, MercadoLibre's book value per share changed from 7.69 in 2015 to 85.82 in 2024, a change of 1,016.4%.

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This page (NASDAQ:MELI) was last updated on 4/15/2025 by MarketBeat.com Staff

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MercadoLibre (MELI) Financials

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