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Investment Highlights Market Valuation Price Chart Business Description Interactive Breakdown Latest Trefis Analyses Better Bets vs. MELI Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

MercadoLibre (MELI)

Market Price (9/17/2025): $2388.3701 | Market Cap: $121.1 Bil
Sector: Consumer Discretionary | Industry: Broadline Retail

MercadoLibre (MELI)

Market Price (9/17/2025): $2388.3701
Market Cap: $121.1 Bil
Sector: Consumer Discretionary
Industry: Broadline Retail

Investment Highlights

0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 36%		  Expensive valuation multiples
P/SPrice/Sales ratio is 5.0x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 42x, P/EPrice/Earnings or Price/(Net Income) is 59x
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 35%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31%, CFO LTM is 8.5 Bil, FCF LTM is 7.4 Bil		  Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.8%
2 Attractive yield
FCF Yield is 6.1%		  
3 Low stock price volatility
Vol 12M is 38%		  
0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 36%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 35%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31%, CFO LTM is 8.5 Bil, FCF LTM is 7.4 Bil
2 Attractive yield
FCF Yield is 6.1%
3 Low stock price volatility
Vol 12M is 38%
4 Expensive valuation multiples
P/SPrice/Sales ratio is 5.0x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 42x, P/EPrice/Earnings or Price/(Net Income) is 59x
5 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.8%

Market Valuation

 9/17/252024202320222021
Share Price CYE$2,388.37$1,700.44$1,571.54$846.24$1,348.40
Market Cap CYE ($ Bil)121.186.279.642.667.3
Total Debt ($ Bil)9.06.95.35.44.0
Total Cash ($ Bil)4.03.83.83.02.8
Enterprise Value ($ Bil)126.193.184.948.071.3
Valuation Ratios     
P/S TTM5.04.25.24.09.5
P/EBIT TTM42.233.245.746.6142.9
P/E TTM59.045.180.088.4809.1
Sector Ratios     
P/S TTM (Sector)0.80.80.90.81.3
P/EBIT TTM (Sector)7.26.97.05.57.4
P/E TTM (Sector)9.78.18.97.39.2
 9/17/2520242023
Share Price CYE$2,388.37$1,700.44$1,571.54
Market Cap CYE ($ Bil)121.186.279.6
Total Debt ($ Bil)9.06.95.3
Total Cash ($ Bil)4.03.83.8
Enterprise Value ($ Bil)126.193.184.9
Valuation Ratios   
P/S TTM5.04.25.2
P/EBIT TTM42.233.245.7
P/E TTM59.045.180.0
Sector Ratios   
P/S TTM (Sector)0.80.80.9
P/EBIT TTM (Sector)7.26.97.0
P/E TTM (Sector)9.78.18.9

Market Cap Chart

Business Description

MercadoLibre, Inc. operates online commerce platforms in Latin America. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases online; and Mercado Pago FinTech, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps. Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
MELI Return193%-20%-37%86%8%41%309%
Peers Return95%23%-30%24%34%17%222%
S&P 500 Return16%27%-19%24%23%12%104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: AMZN, WMT, COST, EBAY, ETSY. See MELI Returns vs. Peers.
[3] 2025 data is for the year up to 9/16/2025 (YTD)

Better Bets than MercadoLibre (MELI)

 MELIBetter Performance than MELI
MetricValueIndustry (Broadline Retail)
Rev Chg LTM35.8%MI (473.9%)
Rev Chg 3Y Avg39.8%GLBE (41.1%), MI (146.5%)
Op Mgn LTM12.3%BABA (14.6%), EBAY (22.3%), ETSY (14.0%), MI (169.9%)
CFO/Rev LTM35.2%
FCF/Rev LTM30.6%
Total Yield1.7%AMZN (2.8%), BABA (38.9%), EBAY (6.2%), DDS (10.7%), OLLI (2.6%)
 MELIBetter Performance than MELI
MetricValueAll Other Sectors
Rev Chg LTM35.8%NVDA (71.6%), LLY (36.8%), PLTR (38.8%), APP (48.2%), MU (58.2%)
Rev Chg 3Y Avg39.8%NVDA (92.0%), APO (129.8%), NU (70.1%), ALNY (40.8%), RDDT (42.6%)
Op Mgn LTM12.3%NVDA (58.1%), MSFT (45.6%), AAPL (31.9%), GOOGL (32.7%), META (42.9%)
CFO/Rev LTM35.2%NVDA (46.6%), MSFT (48.3%), GOOGL (36.0%), META (56.4%), AVGO (42.4%)
FCF/Rev LTM30.6%NVDA (43.6%), META (30.7%), AVGO (41.6%), V (56.8%), MA (49.2%)
Total Yield1.7%NVDA (2.1%), MSFT (3.3%), AAPL (3.2%), GOOGL (4.1%), META (3.6%)

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1MELI Dip Buy Analysis  
2MercadoLibre Total Shareholder Return (TSR): 8.2% in 2024 and 8.0% 3-yr compounded annual returns (above peer average)  
3MercadoLibre (MELI) Operating Cash Flow ComparisonFinancials 
4MercadoLibre (MELI) Net Income ComparisonFinancials 
5MercadoLibre (MELI) Operating Income ComparisonFinancials 
6MercadoLibre (MELI) Revenue ComparisonFinancials 
7MercadoLibre vs. S&P500 CorrelationCorrelation 
8MercadoLibre Price VolatilityVolatility 
9Will You Be Comfortable Buying MercadoLibre Stock?Return 
10MercadoLibre (MELI) worth $81 Bil (down $-970 Mil), still more valuable than CME GroupNotification 
11ARTICLES  
12CPNG’s 9.0% Single Day Rise Brings Valuations Into Focus – Is MELI a Better Deal? September 9th, 2025
13Big Decline for CPNG, but Do MELI’s Margins and Growth Give It the Edge? August 7th, 2025
14SE’s One-Week Rally Offers a Chance to Reevaluate MELI July 19th, 2025

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1BDSXBiodesix1313.2%-78.6%
2CLSDClearside Biomedical954.0%-74.9%
3SDOTSadot624.1%-79.4%
4WLDSWearable Devices498.0%-30.0%
5CHEKCheck-Cap285.6%154.6%
6ATCHAtlasClear275.9%-91.0%
7HSDTHelius Medical Technologies262.5%-95.6%
8OPIOffice Properties Income Trust261.7%-13.4%
9FGIFGI Industries156.8%145.2%
10AIREReAlpha Tech154.0%-56.1%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1NAKAKindly MD-81.4% 
2ATYRaTyr Pharma-79.7%-70.2%
3LGCLLucas GC-73.6%-77.1%
4EPSMEpsium Enterprise-70.1% 
5BNGOBionano Genomics-59.4%-89.7%
6FAASDigiAsia-58.5%-87.2%
7QMMMQMMM-57.5%6775.0%
8VCIGVCI Global-56.9%-99.1%
9YYGHYY-56.6%-78.5%
10XAGELongevity Health-55.5%-86.1%

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1PMIPicard Medical11963.5%11963.5%
2GIBOGIBO9734.4% 
3CHSNChanson International7565.0%-99.3%
4LNZALanzaTech Global7287.5%-86.0%
5QMMMQMMM3031.7%6775.0%
6OESXOrion Energy Systems1497.9%22.9%
7CURXCuranex Pharmaceuticals1401.6%1401.6%
8ENTOEntero Therapeutics565.6%117.6%
9PTNMPitanium553.2% 
10WLDSWearable Devices449.5%-30.0%

1 Month Top Losers

#TickerCompany1M RtnYTD Rtn
1CJETChijet Motor-92.2%-95.0%
2STFSStar Fashion Culture-92.2%-97.8%
3ELPWElong Power-91.6%-76.7%
4NXTTNext Technology-89.6%-95.1%
5NAKAKindly MD-89.0% 
6BINIBollinger Innovations-88.9%-100.0%
7JEM707 Cayman-88.4%-98.2%
8YAASYouxin Technology-82.5%-98.3%
9NEONNeonode-82.0%-50.2%
10NVNOenVVeno Medical-81.5%-69.8%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1BDSXBiodesix1313.2%-78.6%
2CLSDClearside Biomedical954.0%-74.9%
3SDOTSadot624.1%-79.4%
4WLDSWearable Devices498.0%-30.0%
5CHEKCheck-Cap285.6%154.6%
6ATCHAtlasClear275.9%-91.0%
7HSDTHelius Medical Technologies262.5%-95.6%
8OPIOffice Properties Income Trust261.7%-13.4%
9FGIFGI Industries156.8%145.2%
10AIREReAlpha Tech154.0%-56.1%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1NAKAKindly MD-81.4% 
2ATYRaTyr Pharma-79.7%-70.2%
3LGCLLucas GC-73.6%-77.1%
4EPSMEpsium Enterprise-70.1% 
5BNGOBionano Genomics-59.4%-89.7%
6FAASDigiAsia-58.5%-87.2%
7QMMMQMMM-57.5%6775.0%
8VCIGVCI Global-56.9%-99.1%
9YYGHYY-56.6%-78.5%
10XAGELongevity Health-55.5%-86.1%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for MercadoLibre

Financials

MELIAMZNWMTCOSTEBAYETSYMedian
NameMercadoL.Amazon.c.Walmart Costco W.eBay Etsy  
Mkt Price2,390.14234.05103.42952.0788.8559.41168.74
Mkt Cap121.22,489.6825.1422.741.56.1271.9
Rev LTM24,096670,038693,153268,77610,3122,838146,436
Op Inc LTM2,96576,19028,98810,0842,3033986,524
FCF LTM7,38513,48113,7537,3172,1286357,351
FCF 3Y Avg5,70921,67714,9866,8521,9486606,280
CFO LTM8,472121,13738,43812,4262,58669010,449
CFO 3Y Avg6,42496,97736,70711,4602,4237058,942

Growth & Margins

MELIAMZNWMTCOSTEBAYETSYMedian
NameMercadoL.Amazon.c.Walmart Costco W.eBay Etsy  
Rev Chg LTM35.8%10.9%4.2%5.9%1.5%2.4%5.1%
Rev Chg 3Y Avg39.8%11.3%5.7%7.3%0.2%5.6%6.5%
Rev Chg Q33.8%13.3%4.8%8.0%1.1%3.8%6.4%
QoQ Delta Rev Chg LTM7.7%3.0%1.2%1.8%0.3%0.9%1.5%
Op Mgn LTM12.3%11.4%4.2%3.8%22.3%14.0%11.8%
Op Mgn 3Y Avg13.2%7.9%4.0%3.5%21.6%13.4%10.5%
QoQ Delta Op Mgn LTM-0.5%0.3%-0.1%0.1%-0.2%0.1%-0.0%
CFO/Rev LTM35.2%18.1%5.5%4.6%25.1%24.3%21.2%
CFO/Rev 3Y Avg35.4%15.8%5.5%4.5%24.0%25.5%19.9%
FCF/Rev LTM30.6%2.0%2.0%2.7%20.6%22.4%11.7%
FCF/Rev 3Y Avg31.6%3.5%2.3%2.7%19.3%23.9%11.4%

Valuation

MELIAMZNWMTCOSTEBAYETSYMedian
NameMercadoL.Amazon.c.Walmart Costco W.eBay Etsy  
Mkt Cap121.22,489.6825.1422.741.56.1271.9
P/S5.03.71.21.64.02.22.9
P/EBIT42.329.226.540.015.814.627.9
P/E59.035.338.753.920.337.438.0
P/CFO14.320.621.534.016.08.918.3
Total Yield1.7%2.8%3.4%2.1%6.2%2.7%2.8%
Dividend Yield0.0%0.0%0.9%0.2%1.3%0.0%0.1%
FCF Yield 3Y Avg6.4%1.1%2.8%2.0%6.9%9.5%4.6%
D/E0.10.10.10.00.20.50.1
Net D/E0.00.00.1-0.00.10.30.0

Returns

MELIAMZNWMTCOSTEBAYETSYMedian
NameMercadoL.Amazon.c.Walmart Costco W.eBay Etsy  
1M Rtn-0.1%1.3%3.4%-2.1%-11.5%-10.6%-1.1%
3M Rtn0.0%9.0%10.0%-2.5%15.2%8.9%9.0%
6M Rtn19.3%21.4%21.7%6.3%37.2%33.0%21.6%
12M Rtn13.5%26.6%29.6%5.4%40.3%10.3%20.1%
3Y Rtn160.0%89.5%142.0%96.8%124.4%-45.0%110.6%
1M Excs Rtn-2.5%-1.1%1.0%-4.5%-13.9%-13.0%-3.5%
3M Excs Rtn-12.1%-1.2%0.4%-12.7%5.2%0.7%-0.4%
6M Excs Rtn-2.9%3.2%2.7%-12.3%16.3%11.9%2.9%
12M Excs Rtn-6.4%7.1%13.0%-13.5%24.8%-3.2%1.9%
3Y Excs Rtn83.7%13.2%73.1%22.5%46.6%-108.6%34.5%

Comparison Analyses

Title
0MELI Looks Stronger Than WMT With 43% Return Potential
1MELI Looks Stronger Than AMZN With 43% Return Potential
2MercadoLibre vs. Costco: With Return Forecast Of 244%, MercadoLibre Is A Better Bet
3MELI Looks Stronger Than EBAY With 43% Return Potential
4ETSY or MELI - With 43% Return Forecast, MELI Probably Deserves Your Money
5MercadoLibre vs. Chipotle Mexican Grill: With Return Forecast Of 86%, MercadoLibre Is A Better Bet
6MercadoLibre vs. Cognizant Technology Solutions: With Return Forecast Of 86%, MercadoLibre Is A Better Bet
7MercadoLibre vs. lululemon athletica: With Return Forecast Of 86%, MercadoLibre Is A Better Bet
8MercadoLibre vs. Hubbell: With Return Forecast Of 86%, MercadoLibre Is A Better Bet
9MercadoLibre vs. Cardinal Health: With Return Forecast Of 86%, MercadoLibre Is A Better Bet

Financials

$ Mil | FY: 12/312025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q3
Period End6/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/20233/31/202312/31/20229/30/2022
Filing Date8/5/20255/8/20252/21/202511/7/20248/2/20245/3/20242/23/202411/2/20238/3/20235/4/20232/24/202311/4/2022
Key Financials Quarterly            
Total Revenue6,7905,9356,0595,3125,0734,3334,4093,9273,5853,1863,2452,690
Ebitda951917963717861673403719649480344387
Operating Income825763820557726528335785669418384296
Net Income523494639397531344165359262201165129
EPS10.319.7412.617.8310.486.783.267.185.224.013.282.57
Key Financials TTM            
Total Revenue TTM24,09622,37920,77719,12717,74216,25415,10713,94312,70611,71810,7809,665
Ebitda TTM3,5483,4583,2142,6542,6562,4442,2512,1921,8601,5471,3181,062
Operating Income TTM2,9652,8662,6312,1462,3742,3172,2072,2561,7671,3481,069709
Net Income TTM2,0532,0611,9111,4371,3991,130987987757618482271
Growth Rates Quarterly            
Total Revenue Growth33.8%37.0%37.4%35.3%41.5%36.0%35.9%46.0%38.0%41.7%52.3%44.8%
EBITDA Growth10.5%36.3%139.0%-0.3%32.7%40.2%17.2%85.8%93.2%91.2%290.9%74.3%
Operating Income Growth13.6%44.5%144.8%-29.0%8.5%26.3%-12.8%165.2%167.6%200.7%1500.0%85.0%
Net Income Growth-1.5%43.6%287.3%10.6%102.7%71.1%0.0%178.3%113.0%209.2%458.7%35.8%
Margins Quarterly            
EBITDA Margin14.0%15.5%15.9%13.5%17.0%15.5%9.1%18.3%18.1%15.1%10.6%14.4%
Operating Income Margin12.2%12.9%13.5%10.5%14.3%12.2%7.6%20.0%18.7%13.1%11.8%11.0%
Net Income Margin7.7%8.3%10.5%7.5%10.5%7.9%3.7%9.1%7.3%6.3%5.1%4.8%
Cash & Debt            
Total Cash3,9683,7183,7503,2683,8133,7523,7533,7293,3013,2133,0302,385
Total Debt8,9797,7256,8506,3245,4035,2865,3335,2415,5285,5205,4145,280
Net Debt / (Cash)5,0114,0073,1003,0561,5901,5341,5801,5122,2272,3072,3842,895
Cash Flows Quarterly            
FCF from Operations2,9171,0312,9241,6001,8821,5121,9289411,4128591,542724
Cash Flows TTM            
FCF from Operations TTM8,4727,4377,9186,9226,2635,7935,1404,7544,5374,0322,9402,099
Returns to Shareholders Quarterly            
Dividends000000000000
Share Repurchases-0-0-0-01-0-0149146613341
Return on Invested Capital (ROIC) Quarterly            
ROIC43.2%48.6%82.5%47.6%106.9%63.8%39.4%109.9%66.7%44.8%34.3%26.6%
Return on Invested Capital (ROIC) TTM            
ROIC TTM40.3%50.6%62.1%45.4%80.5%64.5%57.3%70.4%46.0%36.3%27.7%15.7%

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Commerce services6,7544,764   
Financial services and income4,3172,888   
Credit revenues2,5462,033   
Commerce products sales1,4471,044   
Fintech products sales4351   
Commerce revenues  4,6352,5601,346
Fintech revenues  2,4341,414950
Total15,10710,7807,0693,9732,296


Price Behavior

MELI Betas & Captures as of 8/31/2025

 1M2M3M6M1Y3Y
Beta0.730.400.630.790.791.19
Up Beta1.721.501.610.860.921.20
Down Beta-0.170.08-0.080.630.620.96
Up Capture79%-14%17%87%74%306%
Bmk +ve Days10223571142415
Stock +ve Days12203269132401
Down Capture30%-7%72%79%82%104%
Bmk -ve Days11192754106334
Stock -ve Days9213056116349

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity853,996
Short Interest: % Change Since 81520254.5%
Average Daily Volume297,997
Days-to-Cover Short Interest2.87
Basic Shares Quantity50,697,375
Short % of Basic Shares1.7%

Returns Analyses

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/4/20250.5%-4.3%-0.9%
5/7/20256.5%13.3%9.7%
2/20/20257.1%0.9%-0.7%
11/6/2024-16.2%-8.8%-8.0%
8/1/202410.6%16.4%28.4%
5/2/20248.3%12.6%12.4%
2/22/2024-10.4%-12.2%-13.5%
11/1/20231.5%5.2%27.1%
...
SUMMARY STATS   
# Positive161412
# Negative6810
Median Positive7.4%12.6%18.1%
Median Negative-5.9%-7.2%-12.7%
Max Positive19.6%26.7%36.6%
Max Negative-16.2%-20.8%-28.5%

SEC Filings

Expand for More

Report DateFiling DateFiling
6302025805202510-Q 6/30/2025
3312025508202510-Q 3/31/2025
12312024221202510-K 12/31/2024
93020241107202410-Q 9/30/2024
6302024802202410-Q 6/30/2024
3312024503202410-Q 3/31/2024
12312023223202410-K 12/31/2023
93020231102202310-Q 9/30/2023
6302023803202310-Q 6/30/2023
3312023504202310-Q 3/31/2023
12312022224202310-K 12/31/2022
93020221104202210-Q 9/30/2022
6302022804202210-Q 6/30/2022
3312022506202210-Q 3/31/2022
12312021223202210-K 12/31/2021
93020211105202110-Q 9/30/2021

Insider Activity

Expand for More

 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0Calemzuk Emiliano 12022024Sell1984.985099,249472,425Form

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