MERCADOLIBRE INC Earnings Per Share Disclosure
| Year Ended December 31, | |||||||||||||||||||||||||||||||||||
| 2024 | 2023 | 2022 | |||||||||||||||||||||||||||||||||
| Basic | Diluted | Basic | Diluted | Basic | Diluted | ||||||||||||||||||||||||||||||
Net income per common share (1) | $ | 37.69 | $ | 37.69 | $ | 19.64 | $ | 19.46 | $ | 9.57 | $ | 9.53 | |||||||||||||||||||||||
| Numerator (in millions): | |||||||||||||||||||||||||||||||||||
| Net income | $ | 1,911 | $ | 1,911 | $ | 987 | $ | 987 | $ | 482 | $ | 482 | |||||||||||||||||||||||
| Effect of dilutive 2028 Notes | — | — | — | 6 | — | 7 | |||||||||||||||||||||||||||||
| Net income available to common stock | $ | 1,911 | $ | 1,911 | $ | 987 | $ | 993 | $ | 482 | $ | 489 | |||||||||||||||||||||||
| Denominator: | |||||||||||||||||||||||||||||||||||
| Weighted average of common stock outstanding for earnings per share | 50,697,428 | 50,697,428 | 50,262,302 | 50,262,302 | 50,345,353 | 50,345,353 | |||||||||||||||||||||||||||||
| Adjustment for assumed conversions | — | — | — | 744,558 | — | 990,268 | |||||||||||||||||||||||||||||
| Adjusted weighted average of common stock outstanding for earnings per share | 50,697,428 | 50,697,428 | 50,262,302 | 51,006,860 | 50,345,353 | 51,335,621 | |||||||||||||||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2024 | Feb 21, 2025 | Showing above |
| 2023 | Feb 23, 2024 | |
| 2022 | Feb 24, 2023 | |
| 2021 | Feb 23, 2022 | |
| 2020 | Mar 1, 2021 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.