Tearsheet

MercadoLibre (MELI)

Market Price (10/31/2025): $2380.0 | Market Cap: $120.7 Bil
Sector: Consumer Discretionary | Industry: Broadline Retail

MercadoLibre (MELI)

Market Price (10/31/2025): $2380.0
Market Cap: $120.7 Bil
Sector: Consumer Discretionary
Industry: Broadline Retail

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

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 58x
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 6.2%
3	Low stock price volatility Vol 12M is 41%

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 6.2%
3	Low stock price volatility Vol 12M is 41%
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 58x
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 & Key Metrics

Valuation
Key Metrics

	10/31/25	2024	2023	2022	2021
Share Price CYE	$2,380.00	$1,700.44	$1,571.54	$846.24	$1,348.40
Market Cap CYE ($ Bil)	120.7	86.2	79.6	42.6	67.3
Total Debt ($ Bil)	9.0	6.9	5.3	5.4	4.0
Total Cash ($ Bil)	4.0	3.8	3.8	3.0	2.8
Enterprise Value ($ Bil)	125.7	93.1	84.9	48.0	71.3
Valuation Ratios
P/S TTM	5.0	4.2	5.2	4.0	9.5
P/EBIT TTM	42.1	33.2	45.7	46.6	142.9
P/E TTM	58.8	45.1	80.0	88.4	809.1
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9	0.8	1.3
P/EBIT TTM (Sector)	6.9	6.8	7.0	5.6	7.5
P/E TTM (Sector)	9.2	7.7	8.9	7.4	9.2

	10/31/25	2024	2023
Share Price CYE	$2,380.00	$1,700.44	$1,571.54
Market Cap CYE ($ Bil)	120.7	86.2	79.6
Total Debt ($ Bil)	9.0	6.9	5.3
Total Cash ($ Bil)	4.0	3.8	3.8
Enterprise Value ($ Bil)	125.7	93.1	84.9
Valuation Ratios
P/S TTM	5.0	4.2	5.2
P/EBIT TTM	42.1	33.2	45.7
P/E TTM	58.8	45.1	80.0
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9
P/EBIT TTM (Sector)	6.9	6.8	7.0
P/E TTM (Sector)	9.2	7.7	8.9

	MELI	S&P 500
REVENUE GROWTH	VERY GOOD
Rev LTM ($ Bil)	24.1
Rev Chg Q	33.8%	6.4%
Rev Chg LTM	35.8%	5.4%
Rev Chg 3Y Avg	39.8%	5.3%
PROFITABILITY	FAIR
Op Inc LTM ($ Bil)	3.0
CFO LTM ($ Bil)	8.5
Net Inc LTM ($ Bil)	2.1
Op Mgn LTM	12.3%	18.7%
CFO/Rev LTM	35.2%	20.4%
Net Inc Mgn	8.5%	12.8%
VALUATION	HIGH
P/S	5.0	3.2
P/CFO	14.2	15.5
P/FCF	16.3	20.6
P/E	58.8	23.6
STABILITY	VERY GOOD
Debt/Equity	0.07	0.21
Cash/Assets	0.12	0.07

MELI Stock

Return (1M):

Factor Drivers of Stock Movement

The -0.6% change in MELI stock from 7/31/2025 to 10/30/2025 was primarily driven by a -7.5% change in the company's Net Income Margin (%).

	7312025	10302025	Change
Stock Price ($)	2373.89	2360.76	-0.55%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	22379.00	24096.00	7.67%
Net Income Margin (%)	9.21%	8.52%	-7.49%
P/E Multiple	58.39	58.30	-0.17%
Shares Outstanding (Mil)	50.70	50.70	0.00%
Cumulative Contribution			-0.55%

LTM = Last Twelve Months as of date shown

The 2.9% change in MELI stock from 5/1/2025 to 10/30/2025 was primarily driven by a 16.0% change in the company's Total Revenues ($ Mil).

	5012025	10302025	Change
Stock Price ($)	2294.52	2360.76	2.89%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	20777.00	24096.00	15.97%
Net Income Margin (%)	9.20%	8.52%	-7.37%
P/E Multiple	60.87	58.30	-4.23%
Shares Outstanding (Mil)	50.70	50.70	0.00%
Cumulative Contribution			2.89%

LTM = Last Twelve Months as of date shown

The 16.8% change in MELI stock from 10/30/2024 to 10/30/2025 was primarily driven by a 35.8% change in the company's Total Revenues ($ Mil).

	10302024	10302025	Change
Stock Price ($)	2020.72	2360.76	16.83%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	17742.00	24096.00	35.81%
Net Income Margin (%)	7.89%	8.52%	8.05%
P/E Multiple	73.23	58.30	-20.39%
Shares Outstanding (Mil)	50.70	50.70	0.00%
Cumulative Contribution			16.83%

LTM = Last Twelve Months as of date shown

The 161.8% change in MELI stock from 10/31/2022 to 10/30/2025 was primarily driven by a 217.5% change in the company's Net Income Margin (%).

	10312022	10302025	Change
Stock Price ($)	901.62	2360.76	161.84%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	8833.00	24096.00	172.80%
Net Income Margin (%)	2.68%	8.52%	217.54%
P/E Multiple	191.60	58.30	-69.57%
Shares Outstanding (Mil)	50.36	50.70	-0.66%
Cumulative Contribution			161.82%

LTM = Last Twelve Months as of date shown

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
MELI Return	193%	-20%	-37%	86%	8%	39%	278%
Peers Return	95%	23%	-30%	24%	34%	14%	214%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	110%
Monthly Win Rates [3]
MELI Win Rate	75%	50%	42%	50%	33%	67%
Peers Win Rate	67%	58%	37%	63%	60%	58%
S&P 500 Win Rate	58%	75%	42%	67%	75%	67%
Max Drawdowns [4]
MELI Max Drawdown	-22%	-37%	-55%	-2%	-14%	0%
Peers Max Drawdown	-16%	-10%	-41%	-12%	-11%	-12%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: AMZN, WMT, COST, EBAY, ETSY. See MELI Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/30/2025 (YTD)

How Low Can It Go

Unique Key	Event	MELI	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-69.1%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	223.9%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	791 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-39.8%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	66.0%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	35 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-37.8%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	60.7%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	65 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-89.5%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	851.8%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	860 days	1480 days

Compare to AMZN, WMT, COST, EBAY, ETSY

In The Past

MercadoLibre's stock fell -69.1% during the 2022 Inflation Shock from a high on 1/20/2021. A -69.1% loss requires a 223.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About MercadoLibre (MELI)

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. The company also offers Mercado Fondo that allows users to invest funds deposited in their Mercado Pago accounts; Mercado Credito, which extends loans to certain merchants and consumers; and Mercado Envios logistics solution that enables sellers on its platform to utilize third-party carriers and other logistics service providers, as well as fulfillment and warehousing services for sellers. In addition, it provides Mercado Libre Classifieds, an online classified listing service, where users can list and purchase motor vehicles, real estate, and services; Mercado Libre Ads, an advertising platform, which enables large retailers and brands to promote their products and services on the Internet; and Mercado Shops, an online storefronts solution that enables users to set-up, manage, and promote their own digital stores. MercadoLibre, Inc. was incorporated in 1999 and is headquartered in Montevideo, Uruguay.

Better Bets than MercadoLibre (MELI)

	MELI	Better Performance than MELI
Metric	Value	Industry (Broadline Retail)
Rev Chg LTM	35.8%	MI (473.9%)
Rev Chg 3Y Avg	39.8%	GLBE (41.1%), MI (146.5%)
Op Mgn LTM	12.3%	BABA (14.6%), EBAY (22.3%), ETSY (13.8%), MI (169.9%)
CFO/Rev LTM	35.2%
FCF/Rev LTM	30.6%
Total Yield	1.7%	AMZN (3.0%), BABA (36.3%), EBAY (6.6%), DDS (10.6%), OLLI (2.9%)

	MELI	Better Performance than MELI
Metric	Value	Sector (Consumer Discretionary)
Rev Chg LTM	35.8%	CVNA (45.5%), DUOL (39.5%), VFS (86.1%), LCID (39.0%), FUN (67.9%)
Rev Chg 3Y Avg	39.8%	LVS (51.6%), CCL (45.9%), ONON (43.6%), RIVN (183.6%), DKNG (53.4%)
Op Mgn LTM	12.3%	BABA (14.6%), HD (13.1%), MCD (46.1%), BKNG (34.5%), LOW (12.4%)
CFO/Rev LTM	35.2%	MCD (37.6%), ABNB (37.2%), RCL (36.2%), VIK (38.9%), DUOL (38.0%)
FCF/Rev LTM	30.6%	BKNG (31.9%), ABNB (37.2%), DUOL (36.3%), MBLY (32.4%), BRSL (34.8%)
Total Yield	1.7%	AMZN (3.0%), BABA (36.3%), HD (6.3%), TM (2018.7%), MCD (6.2%)

	MELI	Better Performance than MELI
Metric	Value	All Other Sectors
Rev Chg LTM	35.8%	NVDA (71.6%), LLY (36.8%), PLTR (38.8%), MU (48.9%), APP (48.2%)
Rev Chg 3Y Avg	39.8%	NVDA (92.0%), NU (70.1%), APO (129.8%), ALNY (40.8%), RDDT (42.6%)
Op Mgn LTM	12.3%	NVDA (58.1%), AAPL (31.9%), MSFT (46.3%), GOOGL (32.2%), AVGO (39.0%)
CFO/Rev LTM	35.2%	NVDA (46.6%), MSFT (50.0%), GOOGL (39.3%), AVGO (42.4%), META (56.8%)
FCF/Rev LTM	30.6%	NVDA (43.6%), AVGO (41.6%), V (56.8%), MA (49.2%), PLTR (49.7%)
Total Yield	1.7%	NVDA (1.8%), AAPL (2.8%), MSFT (3.3%), GOOGL (3.9%), META (3.8%)

		Best Bets In Consumer Discretionary Sector
	MELI	ABNB	BKNG	MCD	ETSY	LOPE	PRDO	ALSN	CROX	GRMN	WH
What You Pay
P/E	58.3	29.6	32.6	25.7	33.8	24.5	15.3	9.2	19.5	26.3	16.5
P/EBIT	41.7	29.8	19.6	17.9	14.9	19.1	11.2	6.9	17.0	23.3	9.7
What You Get
Rev Chg Q	33.8%	12.7%	12.7%	5.4%	2.4%	8.8%	26.6%	-0.2%	3.4%	11.7%	-3.5%
Rev Chg LTM	35.8%	10.2%	13.0%	1.2%	2.0%	6.5%	6.3%	2.7%	2.0%	16.6%	3.4%
Rev Chg 3Y Avg	39.8%	16.3%	17.8%	3.4%	4.9%	5.8%	1.7%	8.0%	14.5%	12.2%	-2.5%
FCF/Rev 3Y Avg	31.6%	40.5%	35.6%	27.2%	23.8%	22.6%	21.0%	20.9%	19.8%	20.5%	19.0%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 14%, alpha of 2.9%, and sharpe of 0.61

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	MercadoLibre Earnings Notes
2	With MercadoLibre Stock Down 8.4% In A Month, How Confident Are You?	Return
3	Where Does MercadoLibre Stock Rank Among Competitors?
4	Should You Buy MercadoLibre Stock?	Buy or Fear
5	MELI Dip Buy Analysis
6	MercadoLibre Total Shareholder Return (TSR): 8.2% in 2024 and 8.0% 3-yr compounded annual returns (above peer average)
7	MercadoLibre (MELI) Operating Cash Flow Comparison	Financials
8	MercadoLibre (MELI) Net Income Comparison	Financials
9	MercadoLibre (MELI) Operating Income Comparison	Financials
10	MercadoLibre (MELI) Revenue Comparison	Financials
11	ARTICLES
12	MELI Down 12% in One Week, Time To Buy The Stock?		October 4th, 2025
13	MELI Shares Sink 12% In A Week: How Does the Competition Measure Up?		October 4th, 2025
14	CPNG’s 9.0% Single Day Rise Brings Valuations Into Focus – Is MELI a Better Deal?		September 9th, 2025
15	Big Decline for CPNG, but Do MELI’s Margins and Growth Give It the Edge?		August 7th, 2025
16	SE’s One-Week Rally Offers a Chance to Reevaluate MELI		July 19th, 2025

	Title
0	DASHBOARDS
1	MELI Down 12% in One Week, Time To Buy The Stock?
2	MELI Shares Sink 12% In A Week: How Does the Competition Measure Up?
3	CPNG’s 9.0% Single Day Rise Brings Valuations Into Focus – Is MELI a Better Deal?
4	Big Decline for CPNG, but Do MELI’s Margins and Growth Give It the Edge?
5	SE’s One-Week Rally Offers a Chance to Reevaluate MELI
6	ARTICLES
7	MercadoLibre Earnings Notes
8	With MercadoLibre Stock Down 8.4% In A Month, How Confident Are You?
9	Where Does MercadoLibre Stock Rank Among Competitors?
10	Should You Buy MercadoLibre Stock?
11	MELI Dip Buy Analysis
12	MercadoLibre Total Shareholder Return (TSR): 8.2% in 2024 and 8.0% 3-yr compounded annual returns (above peer average)
13	MercadoLibre (MELI) Operating Cash Flow Comparison
14	MercadoLibre (MELI) Net Income Comparison
15	MercadoLibre (MELI) Operating Income Comparison
16	MercadoLibre (MELI) Revenue Comparison

Trade Ideas

Select past ideas related to MELI. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ANF_9302025_Dip_Buyer_FCFYield	09302025	ANF	Abercrombie & Fitch	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-14.4%	-14.4%	-22.1%
DECK_9302025_Dip_Buyer_FCFYield	09302025	DECK	Deckers Outdoor	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-17.3%	-17.3%	-17.3%
CHH_9302025_Dip_Buyer_ValueBuy	09302025	CHH	Choice Hotels International	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-11.9%	-11.9%	-11.9%
VAC_9302025_Dip_Buyer_ValueBuy	09302025	VAC	Marriott Vacations Worldwide	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-0.0%	-0.0%	-6.1%
FUN_9302025_Short_Squeeze	09302025	FUN	Six Flags Entertainment	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	4.5%	4.5%	-11.7%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ANF_9302025_Dip_Buyer_FCFYield	09302025	ANF	Abercrombie & Fitch	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-14.4%	-14.4%	-22.1%
DECK_9302025_Dip_Buyer_FCFYield	09302025	DECK	Deckers Outdoor	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-17.3%	-17.3%	-17.3%
CHH_9302025_Dip_Buyer_ValueBuy	09302025	CHH	Choice Hotels International	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-11.9%	-11.9%	-11.9%
VAC_9302025_Dip_Buyer_ValueBuy	09302025	VAC	Marriott Vacations Worldwide	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-0.0%	-0.0%	-6.1%
FUN_9302025_Short_Squeeze	09302025	FUN	Six Flags Entertainment	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	4.5%	4.5%	-11.7%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GH	Guardant Health	27.9%	202.5%
2	GCI	Gannett	27.7%	3.8%
3	FORM	FormFactor	24.2%	34.7%
4	VIAV	Viavi Solutions	22.3%	69.3%
5	GSAT	Globalstar	22.2%	63.5%
6	MTSR	Metsera	22.1%	63729900.0%
7	PRM	Perimeter Solutions	21.1%	102.3%
8	CHRW	C.H. Robinson Worldwide	19.7%	52.6%
9	INSM	Insmed	16.3%	181.3%
10	CAH	Cardinal Health	15.4%	62.8%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	FMC	FMC	-46.5%	-66.6%
2	APLS	Apellis Pharmaceuticals	-31.0%	-35.0%
3	THRY	Thryv	-30.2%	-44.8%
4	SFM	Sprouts Farmers Market	-26.1%	-39.2%
5	IART	Integra Lifesciences	-23.5%	-47.9%
6	ITRI	Itron	-21.1%	0.4%
7	WOLF	Wolfspeed	-18.2%
8	CMG	Chipotle Mexican Grill	-18.2%	-46.1%
9	CI	Cigna	-17.4%	-9.2%
10	EME	EMCOR	-16.6%	43.0%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	INBX	Inhibrx Biosciences	176.8%	409.8%
2	PUMP	ProPetro	71.2%	16.2%
3	RNA	Avidity Biosciences	43.5%	139.6%
4	DYN	Dyne Therapeutics	42.8%	-0.0%
5	GCI	Gannett	39.3%	3.8%
6	FORM	FormFactor	38.3%	34.7%
7	MBX	MBX Biosciences	35.1%	18.2%
8	BBNX	Beta Bionics	33.8%
9	GH	Guardant Health	33.3%	202.5%
10	LUMN	Lumen Technologies	32.7%	94.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	PMI	Picard Medical	-75.2%	5106.3%
2	LRN	Stride	-56.1%	-35.8%
3	NTLA	Intellia Therapeutics	-52.6%	5.2%
4	FMC	FMC	-48.7%	-66.6%
5	FI	Fiserv	-47.4%	-68.3%
6	VRNS	Varonis Systems	-43.8%	-21.2%
7	THRY	Thryv	-33.4%	-44.8%
8	NFE	New Fortress Energy	-30.5%	-91.9%
9	AKBA	Akebia Therapeutics	-29.5%	10.5%
10	UAMY	United States Antimony	-28.9%	371.2%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PRAX	Praxis Precision Medicines	279.1%	161.2%
2	INBX	Inhibrx Biosciences	131.0%	409.8%
3	PUMP	ProPetro	99.6%	16.2%
4	DYN	Dyne Therapeutics	88.4%	-0.0%
5	VICR	Vicor	85.4%	89.2%
6	CELC	Celcuity	74.6%	503.2%
7	GLUE	Monte Rosa Therapeutics	73.5%	87.5%
8	NVTS	Navitas Semiconductor	72.1%	251.8%
9	LUMN	Lumen Technologies	70.3%	94.7%
10	BALY	Ballys	63.4%	4.1%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	-62.9%	5106.3%
2	LRN	Stride	-53.8%	-35.8%
3	FMC	FMC	-51.0%	-66.6%
4	FI	Fiserv	-48.3%	-68.3%
5	NFE	New Fortress Energy	-43.6%	-91.9%
6	VG	Venture Global	-41.7%
7	OGN	Organon	-40.2%	-55.0%
8	VRNS	Varonis Systems	-39.5%	-21.2%
9	ITGR	Integer	-38.5%	-52.2%
10	LENZ	LENZ Therapeutics	-37.9%	5.5%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GH	Guardant Health	27.9%	202.5%
2	GCI	Gannett	27.7%	3.8%
3	FORM	FormFactor	24.2%	34.7%
4	VIAV	Viavi Solutions	22.3%	69.3%
5	GSAT	Globalstar	22.2%	63.5%
6	MTSR	Metsera	22.1%	63729900.0%
7	PRM	Perimeter Solutions	21.1%	102.3%
8	CHRW	C.H. Robinson Worldwide	19.7%	52.6%
9	INSM	Insmed	16.3%	181.3%
10	CAH	Cardinal Health	15.4%	62.8%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	FMC	FMC	-46.5%	-66.6%
2	APLS	Apellis Pharmaceuticals	-31.0%	-35.0%
3	THRY	Thryv	-30.2%	-44.8%
4	SFM	Sprouts Farmers Market	-26.1%	-39.2%
5	IART	Integra Lifesciences	-23.5%	-47.9%
6	ITRI	Itron	-21.1%	0.4%
7	WOLF	Wolfspeed	-18.2%
8	CMG	Chipotle Mexican Grill	-18.2%	-46.1%
9	CI	Cigna	-17.4%	-9.2%
10	EME	EMCOR	-16.6%	43.0%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	INBX	Inhibrx Biosciences	176.8%	409.8%
2	PUMP	ProPetro	71.2%	16.2%
3	RNA	Avidity Biosciences	43.5%	139.6%
4	DYN	Dyne Therapeutics	42.8%	-0.0%
5	GCI	Gannett	39.3%	3.8%
6	FORM	FormFactor	38.3%	34.7%
7	MBX	MBX Biosciences	35.1%	18.2%
8	BBNX	Beta Bionics	33.8%
9	GH	Guardant Health	33.3%	202.5%
10	LUMN	Lumen Technologies	32.7%	94.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	PMI	Picard Medical	-75.2%	5106.3%
2	LRN	Stride	-56.1%	-35.8%
3	NTLA	Intellia Therapeutics	-52.6%	5.2%
4	FMC	FMC	-48.7%	-66.6%
5	FI	Fiserv	-47.4%	-68.3%
6	VRNS	Varonis Systems	-43.8%	-21.2%
7	THRY	Thryv	-33.4%	-44.8%
8	NFE	New Fortress Energy	-30.5%	-91.9%
9	AKBA	Akebia Therapeutics	-29.5%	10.5%
10	UAMY	United States Antimony	-28.9%	371.2%

Peer Comparisons for MercadoLibre

Financials

	MELI	AMZN	WMT	COST	EBAY	ETSY	Median
Name	MercadoL.	Amazon.c.	Walmart	Costco W.	eBay	Etsy
Mkt Price	2,360.76	222.86	102.23	920.18	83.73	61.93	162.55
Mkt Cap	119.7	2,370.6	815.6	408.6	39.1	6.2	264.1
Rev LTM	24,096	670,038	693,153	275,235	10,312	2,854	149,666
Op Inc LTM	2,965	76,190	28,988	10,383	2,303	394	6,674
FCF LTM	7,385	13,481	13,753	7,837	2,128	635	7,611
FCF 3Y Avg	5,709	21,677	14,986	7,070	1,948	664	6,390
CFO LTM	8,472	121,137	38,438	13,335	2,586	691	10,904
CFO 3Y Avg	6,424	96,977	36,707	11,914	2,423	709	9,169

Growth & Margins

	MELI	AMZN	WMT	COST	EBAY	ETSY	Median
Name	MercadoL.	Amazon.c.	Walmart	Costco W.	eBay	Etsy
Rev Chg LTM	35.8%	10.9%	4.2%	8.2%	1.5%	2.0%	6.2%
Rev Chg 3Y Avg	39.8%	11.3%	5.7%	6.6%	0.2%	4.9%	6.2%
Rev Chg Q	33.8%	13.3%	4.8%	8.1%	1.1%	2.4%	6.4%
QoQ Delta Rev Chg LTM	7.7%	3.0%	1.2%	2.4%	0.3%	0.6%	1.8%
Op Mgn LTM	12.3%	11.4%	4.2%	3.8%	22.3%	13.8%	11.8%
Op Mgn 3Y Avg	13.2%	7.9%	4.0%	3.6%	21.6%	13.2%	10.5%
QoQ Delta Op Mgn LTM	-0.5%	0.3%	-0.1%	0.0%	-0.2%	-0.2%	-0.2%
CFO/Rev LTM	35.2%	18.1%	5.5%	4.8%	25.1%	24.2%	21.1%
CFO/Rev 3Y Avg	35.4%	15.8%	5.5%	4.6%	24.0%	25.4%	19.9%
FCF/Rev LTM	30.6%	2.0%	2.0%	2.8%	20.6%	22.3%	11.7%
FCF/Rev 3Y Avg	31.6%	3.5%	2.3%	2.7%	19.3%	23.8%	11.4%

Valuation

	MELI	AMZN	WMT	COST	EBAY	ETSY	Median
Name	MercadoL.	Amazon.c.	Walmart	Costco W.	eBay	Etsy
Mkt Cap	119.7	2,370.6	815.6	408.6	39.1	6.2	264.1
P/S	5.0	3.5	1.2	1.5	3.8	2.2	2.8
P/EBIT	41.7	27.8	26.2	37.2	14.9	14.9	27.0
P/E	58.3	33.6	38.2	50.4	19.2	33.8	36.0
P/CFO	14.1	19.6	21.2	30.6	15.1	8.9	17.3
Total Yield	1.7%	3.0%	3.5%	2.2%	6.6%	3.0%	3.0%
Dividend Yield	0.0%	0.0%	0.9%	0.3%	1.4%	0.0%	0.1%
FCF Yield 3Y Avg	6.4%	1.1%	2.8%	2.1%	6.9%	9.7%	4.6%
D/E	0.1	0.1	0.1	0.0	0.2	0.5	0.1
Net D/E	0.0	0.0	0.1	-0.0	0.1	0.3	0.1

Returns

	MELI	AMZN	WMT	COST	EBAY	ETSY	Median
Name	MercadoL.	Amazon.c.	Walmart	Costco W.	eBay	Etsy
1M Rtn	1.0%	1.5%	-0.8%	-0.6%	-7.9%	-6.7%	-0.7%
3M Rtn	-0.6%	-4.8%	4.6%	-2.1%	-8.5%	6.3%	-1.3%
6M Rtn	2.9%	17.2%	5.4%	-7.6%	24.6%	45.7%	11.3%
12M Rtn	16.8%	15.6%	26.8%	5.2%	35.8%	29.0%	21.8%
3Y Rtn	161.8%	117.6%	123.9%	90.9%	123.0%	-34.1%	120.3%
1M Excs Rtn	6.8%	-0.6%	-1.4%	-1.3%	-6.1%	-13.8%	-1.4%
3M Excs Rtn	-10.0%	-5.6%	-5.3%	-12.8%	-17.8%	-4.0%	-7.8%
6M Excs Rtn	-18.9%	-4.6%	-16.3%	-29.4%	2.9%	23.9%	-10.4%
12M Excs Rtn	-2.3%	1.1%	7.6%	-13.3%	17.9%	9.8%	4.4%
3Y Excs Rtn	96.8%	8.0%	50.7%	15.4%	51.2%	-116.8%	33.1%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	6/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	8/5/2025	2/21/2025	2/23/2024	2/24/2023	2/23/2022	3/1/2021	2/14/2020
Key Financials
Total Revenue	24,096	20,777	15,107	10,780	7,069	3,974	2,296
EBITDA	3,548	3,214	2,251	1,318	674	293	32
Operating Income	2,965	2,631	2,207	1,069	441	128	-153
Net Income	2,053	1,911	987	482	83	-1	-172
EPS	40.49	37.69	19.64	9.57	1.67	-0.08	-3.71
Growth Rates
Total Revenue Growth	35.8%	37.5%	40.1%	52.5%	77.9%	73.1%	59.5%
EBITDA Growth	33.6%	42.8%	70.8%	95.5%	130.0%	817.1%	-12.7%
Operating Income Growth	24.9%	19.2%	106.5%	142.4%	244.5%	183.6%	-120.4%
Net Income Growth	46.7%	93.6%	104.8%	480.7%	8400.0%	99.4%	-370.1%
Margins
EBITDA Margin	14.7%	15.5%	14.9%	12.2%	9.5%	7.4%	1.4%
Operating Income Margin	12.3%	12.7%	14.6%	9.9%	6.2%	3.2%	-6.7%
Net Income Margin	8.5%	9.2%	6.5%	4.5%	1.2%	-0.0%	-7.5%
Cash & Debt
Total Cash	3,968	3,750	3,753	3,030	2,793	2,461	2,982
Total Debt	8,979	6,850	5,333	5,414	3,982	1,708	1,017
Net Debt / (Cash)	5,011	3,100	1,580	2,384	1,189	-753	-1,965
Cash Flows
Net Cash from Operations	8,472	7,918	5,140	2,940	965	1,182	451
Free Cash from Operations	7,385	7,058	4,631	2,485	356	935	314
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	3	3
Share Repurchases	-0	1	356	148	486	54	1

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Filing Date	8/5/2025	5/8/2025	2/21/2025	11/7/2024	8/2/2024	5/3/2024	2/23/2024	11/2/2023	8/3/2023	5/4/2023	2/24/2023	11/4/2022
Key Financials Quarterly
Total Revenue	6,790	5,935	6,059	5,312	5,073	4,333	4,409	3,927	3,585	3,186	3,245	2,690
Ebitda	951	917	963	717	861	673	403	719	649	480	344	387
Operating Income	825	763	820	557	726	528	335	785	669	418	384	296
Net Income	523	494	639	397	531	344	165	359	262	201	165	129
EPS	10.31	9.74	12.61	7.83	10.48	6.78	3.26	7.18	5.22	4.01	3.28	2.57
Key Financials TTM
Total Revenue TTM	24,096	22,379	20,777	19,127	17,742	16,254	15,107	13,943	12,706	11,718	10,780	9,665
Ebitda TTM	3,548	3,458	3,214	2,654	2,656	2,444	2,251	2,192	1,860	1,547	1,318	1,062
Operating Income TTM	2,965	2,866	2,631	2,146	2,374	2,317	2,207	2,256	1,767	1,348	1,069	709
Net Income TTM	2,053	2,061	1,911	1,437	1,399	1,130	987	987	757	618	482	271
Growth Rates Quarterly
Total Revenue Growth	33.8%	37.0%	37.4%	35.3%	41.5%	36.0%	35.9%	46.0%	38.0%	41.7%	52.3%	44.8%
EBITDA Growth	10.5%	36.3%	139.0%	-0.3%	32.7%	40.2%	17.2%	85.8%	93.2%	91.2%	290.9%	74.3%
Operating Income Growth	13.6%	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 Margin	14.0%	15.5%	15.9%	13.5%	17.0%	15.5%	9.1%	18.3%	18.1%	15.1%	10.6%	14.4%
Operating Income Margin	12.2%	12.9%	13.5%	10.5%	14.3%	12.2%	7.6%	20.0%	18.7%	13.1%	11.8%	11.0%
Net Income Margin	7.7%	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 Cash	3,968	3,718	3,750	3,268	3,813	3,752	3,753	3,729	3,301	3,213	3,030	2,385
Total Debt	8,979	7,725	6,850	6,324	5,403	5,286	5,333	5,241	5,528	5,520	5,414	5,280
Net Debt / (Cash)	5,011	4,007	3,100	3,056	1,590	1,534	1,580	1,512	2,227	2,307	2,384	2,895
Cash Flows Quarterly
FCF from Operations	2,917	1,031	2,924	1,600	1,882	1,512	1,928	941	1,412	859	1,542	724
Cash Flows TTM
FCF from Operations TTM	8,472	7,437	7,918	6,922	6,263	5,793	5,140	4,754	4,537	4,032	2,940	2,099
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	1	-0	-0	149	146	61	33	41
Return on Invested Capital (ROIC) Quarterly
ROIC	43.2%	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 TTM	40.3%	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

$ Mil	2024	2023	2022	2021	2020
Commerce services	6,754	4,764
Financial services and income	4,317	2,888
Credit revenues	2,546	2,033
Commerce products sales	1,447	1,044
Fintech products sales	43	51
Commerce revenues			4,635	2,560	1,346
Fintech revenues			2,434	1,414	950
Total	15,107	10,780	7,069	3,973	2,296

Price Behavior

Price Behavior

Market Price	$2,360.76
Market Cap ($ Bil)	119.7
First Trading Date	08/10/2007
Distance from 52W High	-9.7%
	50 Days	200 Days
DMA Price	$2,309.90	$2,252.26
DMA Trend	up	down
Distance from DMA	2.2%	4.8%
	3M	1YR
Volatility	39.3%	40.8%
Downside Capture	14.61	66.84
Upside Capture	6.76	70.94
Correlation (SPY)	32.9%	38.6%

MELI Betas & Captures as of 9/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.11	0.55	0.29	0.70	0.76	1.14
Up Beta	2.74	2.17	1.90	0.92	0.93	1.18
Down Beta	5.75	0.93	0.24	0.54	0.60	0.93
Up Capture	-123%	-16%	-52%	51%	59%	218%
Bmk +ve Days	13	23	35	74	144	420
Stock +ve Days	10	22	30	68	133	400
Down Capture	-81%	-9%	7%	44%	77%	103%
Bmk -ve Days	8	19	29	52	107	330
Stock -ve Days	11	20	33	57	117	350

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

Short Interest

Short Interest: As Of Date	10152025
Short Interest: Shares Quantity	550,262
Short Interest: % Change Since 9302025	-25.3%
Average Daily Volume	607,851
Days-to-Cover Short Interest	1
Basic Shares Quantity	50,697,375
Short % of Basic Shares	1.1%

Returns Analyses

	Title
0	With MercadoLibre Stock Down 8.4% In A Month, How Confident Are You?
1	MercadoLibre Stock Return Comparison
2	MercadoLibre (MELI) Stock Return: AI Predicts MELI Average and Excess Return After a Fall or Rise

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
10/29/2025	2.8%
8/4/2025	0.5%	-4.3%	-0.9%
5/7/2025	6.5%	13.3%	9.7%
2/20/2025	7.1%	0.9%	-0.7%
11/6/2024	-16.2%	-8.8%	-8.0%
8/1/2024	10.6%	16.4%	28.4%
5/2/2024	8.3%	12.6%	12.4%
2/22/2024	-10.4%	-12.2%	-13.5%
...
SUMMARY STATS
# Positive	17	14	11
# Negative	5	8	11
Median Positive	7.1%	12.6%	18.4%
Median Negative	-5.8%	-8.8%	-12.7%
Max Positive	19.6%	26.7%	36.6%
Max Negative	-16.2%	-20.8%	-28.5%

	Forward Returns
10/29/2025	2.8%
8/4/2025	0.5%	-4.3%	-0.9%
5/7/2025	6.5%	13.3%	9.7%
2/20/2025	7.1%	0.9%	-0.7%
11/6/2024	-16.2%	-8.8%	-8.0%
8/1/2024	10.6%	16.4%	28.4%
5/2/2024	8.3%	12.6%	12.4%
2/22/2024	-10.4%	-12.2%	-13.5%
11/1/2023	1.5%	5.2%	27.1%
8/2/2023	13.6%	12.7%	17.8%
2/23/2023	1.8%	7.2%	4.5%
11/3/2022	7.8%	7.4%	1.3%
8/3/2022	16.2%	19.5%	-3.6%
5/5/2022	1.6%	-20.8%	-12.0%
2/22/2022	3.7%	26.7%	36.6%
11/4/2021	4.7%	1.3%	-28.5%
8/4/2021	13.8%	20.2%	23.0%
3/1/2021	-4.1%	-20.1%	-16.6%
11/4/2020	9.3%	-0.9%	18.4%
8/10/2020	-5.8%	-3.1%	-14.4%
5/5/2020	19.6%	22.7%	35.3%
2/10/2020	-1.0%	10.7%	-16.3%
SUMMARY STATS
# Positive	17	14	11
# Negative	5	8	11
Median Positive	7.1%	12.6%	18.4%
Median Negative	-5.8%	-8.8%	-12.7%
Max Positive	19.6%	26.7%	36.6%
Max Negative	-16.2%	-20.8%	-28.5%

SEC Filings

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Report Date	Filing Date	Filing
6302025	8052025	10-Q 6/30/2025
3312025	5082025	10-Q 3/31/2025
12312024	2212025	10-K 12/31/2024
9302024	11072024	10-Q 9/30/2024
6302024	8022024	10-Q 6/30/2024
3312024	5032024	10-Q 3/31/2024
12312023	2232024	10-K 12/31/2023
9302023	11022023	10-Q 9/30/2023
6302023	8032023	10-Q 6/30/2023
3312023	5042023	10-Q 3/31/2023
12312022	2242023	10-K 12/31/2022
9302022	11042022	10-Q 9/30/2022
6302022	8042022	10-Q 6/30/2022
3312022	5062022	10-Q 3/31/2022
12312021	2232022	10-K 12/31/2021
9302021	11052021	10-Q 9/30/2021

Insider Activity

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	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Calemzuk Emiliano		12022024	Sell	1984.98	50	99,249	472,425	Form

External Quote Links

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2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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MercadoLibre (MELI)

Market Price (10/31/2025): $2380.0 | Market Cap: $120.7 BilSector: Consumer Discretionary | Industry: Broadline Retail

MercadoLibre (MELI)

Market Price (10/31/2025): $2380.0Market Cap: $120.7 BilSector: Consumer DiscretionaryIndustry: Broadline Retail

Market Valuation & Key Metrics

MELI Stock

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About MercadoLibre (MELI)

Interactive Breakdown

Better Bets than MercadoLibre (MELI)

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1 Week Top Gainers

1 Week Top Losers

1 Month Top Gainers

1 Month Top Losers

Recent Active Movers

1 Day Top Gainers

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FDIC Bank Data

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Financials

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Price Behavior

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Returns Analyses

Earnings Returns History

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External Quote Links

Market Price (10/31/2025): $2380.0 | Market Cap: $120.7 Bil
Sector: Consumer Discretionary | Industry: Broadline Retail

Market Price (10/31/2025): $2380.0
Market Cap: $120.7 Bil
Sector: Consumer Discretionary
Industry: Broadline Retail