MERCADOLIBRE INC

Listed Company

MELICIK 0001099590NasdaqLarge AcceleratedServices-Business Services, NecFY ends Dec 31

Period

FY 2025

Revenue

$28.89B

Net Income

$2.00B

Total Assets

$42.67B

Equity

$6.75B

Shares Out

50.70M

Op. Cash Flow

$12.12B

Business

MERCADOLIBRE INC is an online commerce and fintech ecosystem serving consumers, merchants and businesses across Latin America. It offers integrated e-commerce and digital financial services, including the Mercado Libre Marketplace, Mercado Pago fintech platform, Mercado Envios logistics, Mercado Ads advertising and Mercado Shops (digital storefront) along with classifieds and a loyalty program. Its business is organized into commerce and fintech activities with distinct services such as product sales, marketplace services, payments, credit, asset management and advertising. The company operates across multiple Latin American countries through mobile apps, websites, logistics networks and partner channels.

Summary from filing dated 2025-02-21

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net revenues and financial income	28,893	20,777	15,107	10,780	7,069
Cost of net revenues and financial expenses	−16,035	−11,200	−7,517	−5,582	−4,064
Gross profit	12,858	9,577	7,590	5,198	3,005
Product and technology development	−2,269	−1,934	−1,831	−1,099	−590
Sales and marketing	−3,219	−2,191	−1,736	−1,296	−1,074
Provision for doubtful accounts	−3,091	−1,858	−1,050	−1,073	−435
General and administrative	−1,078	−963	−766	−661	−465
Total operating expenses	−9,657	−6,946	−5,383	−4,129	−2,564
Income from operations	3,201	2,631	2,207	1,069	441
Interest income and other financial gains, net	138	148	135	44	138
Interest expense and other financial losses	−160	−165	−174	−135	−229
Foreign currency losses, net	−337	−182	−615	—	—
Net income before income tax expense and equity in earnings of unconsolidated entity	2,842	2,432	1,553	780	241
Income tax expense	−845	−521	−569	−298	−149
Equity in earnings of unconsolidated entity	0	0	3	0	—
Net income	1,997	1,911	987	482	83
Basic net income available to shareholders per common share (in dollars per share)	39.4	37.69	19.64	9.57	1.67
Weighted average of outstanding common shares (in shares)	51	51	50	50	50
Diluted net income available to shareholders per common share (in dollars per share)	39.4	37.69	19.46	9.53	1.67
Weighted average of outstanding common shares (in shares)	51	51	51	51	50

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	3,670	2,635	2,556	1,910	2,585
Restricted cash and cash equivalents	9,867	2,064	1,292	1,453	1,063
Short-term investments	2,629	4,485	3,480	2,339	810
Accounts receivable, net	369	255	156	130	98
Credit card receivables and other means of payments, net	6,893	5,288	—	—	—
Loans receivable, net of allowances of $3,057 and $1,630 (Note 5)	8,855	4,716	2,629	1,704	1,199
Inventories	570	296	238	152	253
Other assets	720	403	277	304	288
Total current assets	33,573	20,142	14,260	10,953	8,175
Long-term investments	1,764	1,203	162	322	89
Credit card receivables and other means of payments, net	153	0	—	—	—
Loans receivable, net of allowances of $86 and $48 (Note 5)	510	179	65	32	61
Property and equipment, net	2,303	1,380	1,250	993	—
Operating lease right-of-use assets	2,201	1,098	899	656	461
Goodwill	163	149	163	153	148
Intangible assets, net	33	12	11	25	45
Intangible assets at fair value	0	49	24	0	—
Deferred tax assets	1,541	802	710	346	181
Other assets	426	182	68	256	134
Total non-current assets	9,094	5,054	3,352	2,783	1,926
Total assets	42,667	25,196	17,612	13,736	10,101
Accounts payable and accrued expenses	4,502	3,196	2,117	1,393	1,036
Funds payable to customers	13,029	6,954	4,475	3,454	2,393
Amounts payable due to credit and debit card transactions	3,584	1,923	1,072	483	337
Salaries and social security payable	916	727	545	401	313
Taxes payable	1,140	525	477	414	291
Loans payable and other financial liabilities	4,623	2,828	2,292	2,131	1,285
Operating lease liabilities	430	241	166	142	92
Other liabilities	409	209	119	129	90
Total current liabilities	28,633	16,603	11,263	8,562	5,837
Amounts payable due to credit and debit card transactions	187	41	20	5	4
Loans payable and other financial liabilities	4,570	2,887	2,203	2,627	2,233
Operating lease liabilities	1,769	894	672	514	372
Deferred tax liabilities	372	204	183	106	62
Other liabilities	388	216	200	95	62
Total non-current liabilities	7,286	4,242	3,278	3,347	2,733
Total liabilities	35,919	20,845	14,541	11,909	8,570
Commitments and contingencies (Note 14)	—	—	—	—	—
Common stock, 0.001 par value, $110,000,000 shares authorized, $50,697,182 and $50,697,375 shares issued and outstanding	0	0	0	0	0
Additional paid-in capital	1,771	1,770	1,770	2,309	2,439
Treasury stock, 225,931 and 225,474 shares	−312	−311	−310	−931	—
Retained earnings	5,809	3,812	1,901	913	397
Accumulated other comprehensive loss	−520	−920	−290	−464	−515
Total equity	6,748	4,351	3,071	1,827	1,531
Total liabilities and equity	42,667	25,196	17,612	13,736	10,101

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Impairment of equity securities held at cost	19	0	0	—	—
Unrealized foreign currency losses, net	457	286	487	—	—
Depreciation and amortization	818	617	524	403	204
Accrued interest, financial income and other revenues	−1,216	−415	−311	—	—
Non cash interest expense and amortization of debt issuance costs and other charges	396	114	113	122	76
Provision for contingencies	106	176	335	16	0
Results on derivative instruments	117	−42	39	66	0
Results on digital assets at fair value	−10	−25	−14	0	0
Long term retention program (LTRP) accrued compensation	303	261	167	84	89
Deferred income taxes	−469	−243	−284	−97	−29
Receivables	−1,508	−2,687	−1,413	−71	−26
Inventories	−235	−113	−69	114	−142
Other assets	−491	−308	−55	−87	−188
Payables and accrued expenses	1,487	1,595	1,225	449	380
Funds payable to customers	5,341	3,605	1,502	1,044	808
Amounts payable due to credit and debit card transactions	1,592	1,213	693	128	309
Other liabilities	145	75	80	−82	−79
Operating lease liabilities	−408	−189	−168	—	—
Interest received from investments	584	229	255	123	35
Net cash provided by operating activities	12,116	7,918	5,140	2,940	965
Purchases of investments	−14,754	−16,710	−18,936	−12,694	−7,371
Proceeds from sale and maturity of investments	16,590	13,962	18,100	11,023	7,801
Payments for acquired businesses, net of cash acquired	0	−6	0	0	−51
Proceeds from settlements of derivative instruments	3	29	0	1	6
Payments from settlements of derivative instruments	−91	−14	−58	−45	−20
Changes in loans receivable, net	−6,659	−4,688	−2,047	−1,701	−1,348
Investments in property and equipment, intangible assets and intangible assets at fair value	−1,343	−860	−509	−455	—
Proceeds from sales of intangible assets at fair value	75	0	0	—	—
Net cash used in investing activities	−6,179	−8,287	−3,450	−3,871	−1,597
Proceeds from loans payable and other financial liabilities	44,050	19,472	24,963	17,017	9,262
Payments on loans payable and other financing liabilities	−41,088	−17,461	−24,841	−15,933	−6,782
Payments of finance lease liabilities	−57	−51	−33	−20	−17
Common Stock repurchased	−1	−1	−356	−148	−486
Net cash provided by (used in) financing activities	2,904	1,959	−267	916	1,925
Effect of exchange rate changes on cash, cash equivalents, restricted cash and cash equivalents	−3	−739	−938	−270	−153
Net increase in cash, cash equivalents, restricted cash and cash equivalents	8,838	851	485	−285	1,140
Cash paid for interest	611	456	608	247	58
Cash paid for income tax	1,013	1,052	651	437	282
Finance lease liabilities	40	52	99	18	20
Right-of-use assets obtained under operating leases	1,202	516	314	317	229
Property and equipment obtained under finance leases	40	52	99	18	37
Contingent considerations and escrows from acquired business	0	4	0	0	—
Investments in intangible assets not paid	20	0	0	—	—

Filings

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