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MercadoLibre Inc.
MELIConsumer DiscretionaryGenerated Jul 5, 2026, 08:14 PM UTC
MELI (MercadoLibre Inc.) analytical snapshot. Revenue grew +40.1% YoY to $15.11B. Net margin at 6.53%. Return on equity 54.02%, ROA 3.92%, ROIC 29.26%. Market cap $89.40B at $1763.36 per share. Trailing P/E 90.61, P/S 5.92, P/B 12.28. EV/Operating income ≈ 43.34 (EV $95.65B). Risk: Elevated. Macro: Risk-on · Supportive. Composite analytical score -1 (data confidence 81%). Descriptive analytics from public filings — not investment advice.
Market cap
$89.40B
50.70M shares
Price
$1763.36
NMS
P/E (ttm)
90.61
Revenue (FY)
$15.11B
YoY +40.1%
Net margin
6.53%
Free cash flow
—
Risk level
Elevated
Free SEC analysis
— computed from SEC filings, free to readFree previewFundamentals Analyst
Fundamentals
Fundamentals Analyst
score 55Improving
80% conf
Revenue grew +40.1% YoY to $15.11B. Net margin at 6.53%. Return on equity 54.02%, ROA 3.92%, ROIC 29.26%.
- Revenue grew +40.1% YoY to $15.11B.
- Net margin at 6.53%.
- Return on equity 54.02%, ROA 3.92%, ROIC 29.26%.
- Gross margin 50.24%, operating margin 14.61%.
- Net income up ▲ +104.8% YoY.
- Debt/equity 1.36, current ratio 1.16, net debt $6.25B.
- Asset turnover 0.32 — capital efficiency.
Revenue (FY)
$15.11B
YoY +40.1%
Net margin
6.53%
ROE
54.02%
ROA 3.92%
ROIC
29.26%
EPS (diluted)
$19.46
FY2025
Free cash flow
—
Debt / equity
1.36
Cash $3.68B
Current ratio
1.16
Equity $7.28B
Annual fundamentals — up to 10 years (SEC 10-K, US-GAAP)
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2016 | — | — | — | — | — | — | 21.13 |
| 2017 | — | — | — | — | — | $182.2M | 0.00 |
| 2018 | $157.6M | — | 64.82 | 114.86 | 0.00 | $121.7M | 0.00 |
| 2019 | — | — | — | — | — | $213.9M | 11.31 |
| 2020 | — | — | — | — | — | $137.8M | -3.97 |
| 2021 | — | — | — | — | — | $314.3M | 3.52 |
| 2022 | — | — | — | — | — | $935.0M | -1.06 |
| 2023 | $1.38B | — | 42.89 | 32.00 | -2.47 | $392.0M | -2.06 |
| 2024 | $10.78B | +682.3% | 48.22 | 9.92 | 4.47 | — | 31.48 |
| 2025 | $15.11B | +40.1% | 50.24 | 14.61 | 6.53 | — | 54.02 |
Quarterly revenue trend (last 6 quarters, SEC 10-Q)
| Quarter end | Revenue | YoY | QoQ | Net margin |
|---|---|---|---|---|
| Mar 31, 2025 | $5.93B | +37.0% | — | 8.32% |
| Jun 30, 2025 | $12.72B | +35.3% | +114.4% | 7.99% |
| Jun 30, 2025 | $6.79B | -27.8% | -46.6% | 14.98% |
| Sep 30, 2025 | $20.13B | +36.8% | +196.5% | 7.14% |
| Sep 30, 2025 | $7.41B | -49.7% | -63.2% | 19.41% |
| Mar 31, 2026 | $8.85B | +49.0% | +19.4% | 4.71% |
Revenue (annual, SEC 10-K)
2016: 0
2017: 0
2018: 158
2019: 0
2020: 0
2021: 0
2022: 0
2023: 1,378
2024: 10,780
2025: 15,107
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Profitability trends (%)
GrossOperatingNet
Free cash flow (annual)
2016: 0
2017: 182
2018: 122
2019: 214
2020: 138
2021: 314
2022: 935
2023: 392
2024: 0
2025: 0
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Sources:SEC EDGAR — Company Facts (XBRL)
Free previewRegulatory Analyst
Filings & Ownership
Regulatory Analyst
score 30Improving
80% conf
Latest annual report (10-K) filed Feb 25, 2026. Latest quarterly report (10-Q) filed May 8, 2026. 27 recent 8-K material-event filings in the index.
- Latest annual report (10-K) filed Feb 25, 2026.
- Latest quarterly report (10-Q) filed May 8, 2026.
- 27 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 0 sell transactions.
- ~10,000+ recent 13F-HR filings reference MercadoLibre Inc.; broad institutional reporting.
- Recent filers include Genoa Capital Gestora de Recursos Ltda., Parallax Volatility Advisers, L.P., Moneda S.A. Administradora General de Fondos.
- 1 recent 13D activist/beneficial-ownership filings — potential catalyst.
- 19 recent 13G passive institutional ownership notices.
Latest 10-K
Feb 25, 2026
Annual report
Latest 10-Q
May 8, 2026
8-K (recent)
27
Insider net
—
0B/0S
13F filers
10k+
Activist 13D
1
Recent 13F institutional filers (SEC EDGAR full-text)
| Filer | Form | Filed |
|---|---|---|
| Genoa Capital Gestora de Recursos Ltda. | 13F-HR | May 6, 2025 |
| Parallax Volatility Advisers, L.P. | 13F-HR | May 14, 2021 |
| Moneda S.A. Administradora General de Fondos | 13F-HR | Nov 16, 2020 |
| Moneda S.A. Administradora General de Fondos | 13F-HR | Feb 16, 2021 |
| MAPLELANE CAPITAL, LLC | 13F-HR | May 15, 2023 |
Recent 8-K material events
| Date | Form | Description |
|---|---|---|
| Jun 12, 2026 | 8-K | CURRENT REPORT |
| May 7, 2026 | 8-K | 8-K |
| Apr 3, 2026 | 8-K | CURRENT REPORT |
| Feb 24, 2026 | 8-K | 8-K |
| Dec 9, 2025 | 8-K | 8-K |
| Dec 5, 2025 | 8-K | FORM 8-K |
| Oct 29, 2025 | 8-K | 8-K |
| Sep 16, 2025 | 8-K | 8-K |
Free previewSEC Filing Analyst
SEC Filing Deep-Analysis
SEC Filing Analyst
score -55Deteriorating
70% conf
4 risk signal(s), 2 positive signal(s), 2 watch item(s) detected from XBRL filing diff analysis. Revenue grew +40.1% but receivables grew +63.5% — the receivables-to-revenue gap suggests growth may be partially driven by extended credit terms rather than genuine demand. If DSO continues to rise, a revenue reversal or bad-debt charge could follow.
- Receivables outpacing revenue: Accounts receivable grew +63.5% YoY vs revenue growth of +40.1%. The +23.3% spread suggests extended credit terms, channel stuffing risk, or collection deterioration. Investigate the allowance for doubtful accounts and DSO trend.
- NEW: Going concern doubt in latest filing: The term "going concern" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 2 filing(s).
- Material weakness in internal controls: The term "material weakness" appears in 22 recent filing(s) (vs 2 in the prior period). This risk language is ongoing.
- NEW: Substantial doubt about ability to continue in latest filing: The term "substantial doubt" "ability to continue" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 2 filing(s).
- Operating cash flow exceeds net income: OCF is 5.21x net income, indicating high earnings quality — cash conversion is strong and accruals are not inflating reported profits.
- Gross margin expansion: Gross margin expanded +2.0%pp (from 48.2% to 50.2%), indicating improved pricing power, cost efficiency, or favorable product mix.
- Endogenous analysis: Revenue grew +40.1% but receivables grew +63.5% — the receivables-to-revenue gap suggests growth may be partially driven by extended credit terms rather than genuine demand. If DSO continues to rise, a revenue reversal or bad-debt charge could follow.
- 4 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- 4 new risk-language term(s) detected in filing text: Going concern doubt, Substantial doubt about ability to continue, Impairment charge, Restructuring.
- Ongoing high-severity risk language: Material weakness in internal controls.
Revenue
$15.11B
+40.1% YoY
Gross profit
$7.59B
+46.0% YoY
Operating income
$2.21B
+106.5% YoY
Net income
$987.0M
+104.8% YoY
Operating cash flow
$5.14B
+74.8% YoY
Capex
$573.0M
+132.0% YoY
Total assets
$25.20B
+43.1% YoY
Total liabilities
$20.84B
+43.4% YoY
Filing quality score
78/100
4 new disclosures
SEC XBRL metric changes (latest annual vs prior)
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $10.78B | $15.11B | $4.33B | +40.1% |
| Gross profit | $5.20B | $7.59B | $2.39B | +46.0% |
| Operating income | $1.07B | $2.21B | $1.14B | +106.5% |
| Net income | $482.0M | $987.0M | $505.0M | +104.8% |
| Operating cash flow | $2.94B | $5.14B | $2.20B | +74.8% |
| Capex | $247.0M | $573.0M | $326.0M | +132.0% |
| Total assets | $17.61B | $25.20B | $7.58B | +43.1% |
| Total liabilities | $14.54B | $20.84B | $6.30B | +43.4% |
| Long-term debt | $4.50B | $5.71B | $1.22B | +27.1% |
| Cash & equivalents | $2.56B | $2.63B | $79.0M | +3.1% |
| Stockholders equity | $1.53B | $1.83B | $296.0M | +19.3% |
| Inventory | $238.0M | $296.0M | $58.0M | +24.4% |
| Accounts receivable | $156.0M | $255.0M | $99.0M | +63.5% |
| R&D expense | $1.10B | $1.83B | $732.0M | +66.6% |
| Interest expense | $300368 | $213878 | $-86490 | -28.8% |
XBRL disclosure changes (new vs dropped concepts)
| Type | Concepts |
|---|---|
| Added | AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax, AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax, CumulativeTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease, TimeDeposits |
| Removed | AccountsReceivableGrossCurrent, AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment, AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition, AdvertisingExpense, AllowanceForDoubtfulAccountsReceivableCurrent, AssetAcquisitionContingentConsiderationLiabilityNoncurrent, AssetRetirementObligationsNoncurrent, CapitalLeaseObligationsIncurred, CapitalizedComputerSoftwareGross, ContractWithCustomerLiabilityCurrent |
Risk language in filing text (EDGAR full-text search)
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Going concern doubt | high | 2 | 0 | NEW |
| Material weakness in internal controls | high | 22 | 2 | Ongoing |
| Substantial doubt about ability to continue | high | 2 | 0 | NEW |
| Impairment charge | medium | 2 | 0 | NEW |
| Restructuring | medium | 14 | 0 | NEW |
| Off-balance sheet arrangements | medium | 73 | 6 | Ongoing |
| Related party transactions | low | 20 | 2 | Ongoing |
Filing signal breakdown
Red flags: 4
Positive: 2
Watch: 2
Red flags
Positive
Watch
Unlock the rest
- ProValuationMarket cap $89.40B at $1763.36 per share.
- ProPrice & TechnicalsPrice $1763.36 — downtrend (below 200-DMA); 1-month momentum positive.
- ProMacro & RatesMarket regime: Risk-on · Supportive.
- ProRisk ScorecardComposite risk: Elevated.
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Macro exposure
Cyclical / growth · High sensitivityMacro regime: Risk-on · Supportive. MercadoLibre Inc. is a cyclical / growth name (high macro sensitivity) — risk appetite favors cyclical/growth names.
Macro regime
Risk-on · Supportive
Yield curve
Normal
VIX
16.59
Fed funds
3.63%
CPI YoY
+4.2%
Analytical read
deterministic previewRevenue grew **+40.1%** YoY to $15.11B..
Risk
Elevated
Macro regime
Risk-on · Supportive
Macro exposure
Supportive
Descriptive analytics from public filings and macro data — not investment advice.
Peer comparison
Cyclical / growth groupHow MELI stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
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|---|---|---|
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| MercadoLibre Inc. MELI● you | -1 | Supportive |
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