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MercadoLibre Inc.
MELIConsumer DiscretionaryGenerated Aug 19, 2026, 10:34 PM UTC
MELI (MercadoLibre Inc.) analytical snapshot. Revenue grew +39.1% YoY to $28.89B. 5-year revenue CAGR +32.5%; 10y CAGR +48.1%. Net margin at 6.91% (expanding ▲). Market cap $96.76B at $1908.65 per share. Trailing P/E 48.44, P/S 3.35, P/B 12.35. EV/Operating income ≈ 32.41 (EV $103.74B). Risk: Elevated. Macro: Risk-on · Supportive. Composite analytical score 32 (data confidence 83%). Descriptive analytics from public filings — not investment advice.
Market cap
$96.76B
50.70M shares
Price
$1908.65
NMS
P/E (ttm)
48.44
Revenue (FY)
$28.89B
YoY +39.1%
Net margin
6.91%
▲ 2.34pp
Free cash flow
$10.77B
37.29% margin
Risk level
Elevated
Free SEC analysis
— computed from SEC filings, free to readFree previewRegulatory Analyst
Filings & Ownership
Regulatory Analyst
score 5Stable
80% conf
Latest annual report (10-K) filed Feb 25, 2026. Latest quarterly report (10-Q) filed Aug 6, 2026. 28 recent 8-K material-event filings in the index.
- Latest annual report (10-K) filed Feb 25, 2026.
- Latest quarterly report (10-Q) filed Aug 6, 2026.
- 28 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 0 sell transactions.
Latest 10-K
Feb 25, 2026
Annual report
Latest 10-Q
Aug 6, 2026
8-K (recent)
28
Insider net
—
0B/0S
13F filers
—
Activist 13D
0
Recent 8-K material events
| Date | Form | Description |
|---|---|---|
| Aug 5, 2026 | 8-K | 8-K |
| 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 |
Free previewSEC Filing Analyst
SEC Filing Deep-Analysis
SEC Filing Analyst
score -6Stable
70% conf
1 risk signal(s), 2 positive signal(s), 1 watch item(s) detected from XBRL filing diff analysis. Strong cash conversion (OCF > NI) combined with growing deferred revenue provides high forward visibility. The business model appears to generate sustainable, recurring cash flows — a positive structural indicator.
- Inventory buildup exceeds sales growth: Inventory grew +92.6% vs revenue +39.1%. Excess inventory may signal weakening demand, potential write-downs, or supply chain overcommitment. Watch gross margin for discounting impact.
- Operating cash flow exceeds net income: OCF is 6.07x net income, indicating high earnings quality — cash conversion is strong and accruals are not inflating reported profits.
- Deferred revenue growing — future revenue visibility: Deferred revenue grew +72.7% to $133.0M, providing forward revenue visibility. This is a positive leading indicator for subscription or contract-based businesses.
- R&D intensity declining: R&D as % of revenue fell from 9.3% to 7.9%. This may signal reduced innovation investment — potentially impacting long-term competitive position. Compare with peer R&D trends.
- Endogenous analysis: Strong cash conversion (OCF > NI) combined with growing deferred revenue provides high forward visibility. The business model appears to generate sustainable, recurring cash flows — a positive structural indicator.
- 8 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
Revenue
$28.89B
+39.1% YoY
Gross profit
$12.86B
+34.3% YoY
Operating income
$3.20B
+21.7% YoY
Net income
$2.00B
+4.5% YoY
Operating cash flow
$12.12B
+53.0% YoY
Capex
$1.34B
+56.2% YoY
Total assets
$42.67B
+69.3% YoY
Total liabilities
$35.92B
+72.3% YoY
Filing quality score
80/100
8 new disclosures
SEC XBRL metric changes (latest annual vs prior)
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $20.78B | $28.89B | $8.12B | +39.1% |
| Gross profit | $9.58B | $12.86B | $3.28B | +34.3% |
| Operating income | $2.63B | $3.20B | $570.0M | +21.7% |
| Net income | $1.91B | $2.00B | $86.0M | +4.5% |
| Operating cash flow | $7.92B | $12.12B | $4.20B | +53.0% |
| Capex | $860.0M | $1.34B | $483.0M | +56.2% |
| Total assets | $25.20B | $42.67B | $17.47B | +69.3% |
| Total liabilities | $20.84B | $35.92B | $15.07B | +72.3% |
| Long-term debt | $5.71B | $9.19B | $3.48B | +60.9% |
| Cash & equivalents | $2.63B | $3.67B | $1.03B | +39.3% |
| Stockholders equity | $4.35B | $6.75B | $2.40B | +55.1% |
| Inventory | $296.0M | $570.0M | $274.0M | +92.6% |
| Accounts receivable | $255.0M | $369.0M | $114.0M | +44.7% |
| R&D expense | $1.93B | $2.27B | $335.0M | +17.3% |
| Interest expense | $17.9M | $18.5M | $629000 | +3.5% |
XBRL disclosure changes (new vs dropped concepts)
| Type | Concepts |
|---|---|
| Added | AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax, AssetsFairValueDisclosure, AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax, CumulativeTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease, GainLossOnSaleOfNotesReceivable, LossContingencyLossInPeriod, ProceedsFromSaleOfFinanceReceivables, TimeDeposits |
| Removed | AccountsReceivableGrossCurrent, AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment, AdvertisingExpense, AllowanceForDoubtfulAccountsReceivableCurrent, AssetAcquisitionContingentConsiderationLiabilityNoncurrent, AssetRetirementObligationsNoncurrent, CapitalLeaseObligationsIncurred, CapitalizedComputerSoftwareGross, ContractWithCustomerLiabilityCurrent, CryptoAssetAddition |
Filing signal breakdown
Red flags: 1
Positive: 2
Watch: 1
Red flags
Positive
Watch
Free previewFundamentals Analyst
Fundamentals
Fundamentals Analyst
score 90Improving
80% conf
Revenue grew +39.1% YoY to $28.89B. 5-year revenue CAGR +32.5%; 10y CAGR +48.1%. Net margin at 6.91% (expanding ▲).
- Revenue grew +39.1% YoY to $28.89B.
- 5-year revenue CAGR +32.5%; 10y CAGR +48.1%.
- Net margin at 6.91% (expanding ▲).
- Return on equity 29.59%, ROA 4.68%, ROIC 20.08%.
- Gross margin 44.50%, operating margin 11.08%.
- Free cash flow margin 37.29% ($10.77B).
- Net income up ▲ +4.5% YoY.
- Debt/equity 1.36, current ratio 1.12, net debt $6.98B.
- Asset turnover 0.56 — capital efficiency.
Revenue (FY)
$28.89B
YoY +39.1%
Net margin
6.91%
▲ 2.34pp
ROE
29.59%
ROA 4.68%
ROIC
20.08%
EPS (diluted)
$39.40
FY2025
Free cash flow
$10.77B
37.29% margin
Debt / equity
1.36
Cash $3.65B
Current ratio
1.12
Equity $7.83B
Annual fundamentals — up to 10 years (SEC 10-K, US-GAAP)
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2024 | $20.78B | +43.6% | 46.09 | 12.66 | 9.20 | $7.06B | 43.92 |
| 2025 | $28.89B | +39.1% | 44.50 | 11.08 | 6.91 | $10.77B | 29.59 |
Quarterly revenue trend (last 6 quarters, SEC 10-Q)
| Quarter end | Revenue | YoY | QoQ | Net margin |
|---|---|---|---|---|
| Sep 30, 2024 | $5.31B | +35.3% | — | 7.47% |
| Mar 31, 2025 | $5.93B | +37.0% | +11.7% | 8.32% |
| Jun 30, 2025 | $6.79B | +33.8% | +14.4% | 7.70% |
| Sep 30, 2025 | $7.41B | +39.5% | +9.1% | 5.68% |
| Mar 31, 2026 | $8.85B | +49.0% | +19.4% | 4.71% |
| Jun 30, 2026 | $10.17B | +49.8% | +15.0% | 4.58% |
Sources:SEC EDGAR — Company Facts (XBRL)
+8 more years of history, charts & full breakdown Pro
Pro analysis — preview
— score, signals & key metrics shown; full reasoning lockedValuation
Valuation Analyst
score 25Improving
95% conf
Market cap $96.76B at $1908.65 per share. Trailing P/E 48.44, P/S 3.35, P/B 12.35. EV/Operating income ≈ 32.41 (EV $103.74B).
- Market cap $96.76B at $1908.65 per share.
Market cap
$96.76B
50.70M shares
P/E (ttm)
48.44
P/S
3.35
P/B
12.35
EV
$103.74B
Intrinsic (DCF)
$3655.49
+91.5% vs price
ProFull breakdown & reasoning locked
Price & Technicals
Technical Analyst
score 45Improving
85% conf
Price $1908.65 — uptrend (above 200-DMA); 1-month momentum positive. RSI(14) 53.63.
- Price $1908.65 — uptrend (above 200-DMA); 1-month momentum positive.
Price
$1908.65
NMS
RSI(14)
53.63
50-DMA
$1763.88
200-DMA
$1879.45
Volatility (ann.)
42.20%
52w range
$1495.00–$2548.50
-25.1% from high
ProFull breakdown & reasoning locked
Macro & Rates
Macro Analyst
score 30Improving
80% conf
Risk-on · Supportive. Real GDP growth 1.50% (quarterly, as of Apr 1, 2026). CPI inflation +3.3% YoY. Fed funds rate 3.63%, 10Y Treasury 4.71%.
- Market regime: Risk-on · Supportive.
GDP growth
1.50%
CPI (YoY)
+3.3%
Fed funds
3.63%
10Y yield
4.71%
10Y−2Y
0.46pp
Unemployment
4.10%
ProFull breakdown & reasoning locked
Risk Scorecard
Risk Analyst
score -20Deteriorating
90% conf
Composite risk Elevated. Leverage debt/equity 1.36 (moderate). Liquidity current ratio 1.12 (adequate).
- Composite risk: Elevated.
Risk level
Elevated
Debt / equity
1.36
Current ratio
1.12
Margin stdev
1.30pp
Cash / assets
7.11%
Liab / assets
84.75%
ProFull breakdown & reasoning locked
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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
15.84
Fed funds
3.63%
CPI YoY
+3.3%
Analytical read
deterministic previewRevenue grew **+39.1%** YoY to $28.89B..
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.
| Company | Score | Macro |
|---|---|---|
| CF Industries CF | 33 | Supportive |
| MercadoLibre Inc. MELI● you | 32 | Supportive |
| Newmont Corp. NEM | 32 | Supportive |
| Booking Holdings BKNG | 32 | Supportive |
| Uber Technologies UBER | 32 | Supportive |
| Shopify Inc. SHOP | 30 | Supportive |
| Alphabet Inc. GOOGL | 29 | Supportive |
| Intuit Inc. INTU | 28 | Supportive |
| Pinterest Inc. PINS | 28 | Supportive |
| Salesforce Inc. CRM | 27 | Supportive |
| Workday Inc. WDAY | 20 | Supportive |
| Microsoft Corp. MSFT | 19 | Supportive |
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