MercadoLibre, Inc. (MELI) income statement
NASDAQ · Consumer Cyclical · Specialty Retail · 123,670 employees · CEO Ariel Szarfsztejn
- Price
- $1,624.53 -2.14%
- Market cap
- $82.4B
- Enterprise value
- $91.9B
- Last report
- Q2 '26 filed 2026-08-06
- Next report
- 2026-11-04 EPS est. $9.27
MercadoLibre, Inc. (MELI) reported revenue of $10.2B for Q2 '26 (+49.8% year on year), operating income of $683M (6.7% of revenue) and net income of $466M. Over the last four quarters revenue was $35.2B.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.93B | $4.26B | $4.33B | $5.07B | $5.31B | $6.06B | $5.94B | $6.79B | $7.41B | $8.76B | $8.85B | $10.2B | |
| Cost of revenue | $1.83B | $2.31B | $2.31B | $2.71B | $2.87B | $3.31B | $3.16B | $3.7B | $4.2B | $4.98B | $4.98B | $6.01B | |
| Gross profit | $2.1B | $1.96B | $2.02B | $2.37B | $2.44B | $2.75B | $2.77B | $3.09B | $3.21B | $3.78B | $3.86B | $4.16B | |
| Research & development | $396M | $686M | $458M | $460M | $504M | $512M | $551M | $567M | $567M | $584M | $699M | $729M | |
| Sales & marketing | $441M | $529M | $478M | $511M | $566M | $636M | $599M | $751M | -$833M | $1.04B | -$982M | $1.13B | |
| General & administrative | $196M | $201M | $186M | $218M | $305M | $254M | $255M | $261M | $270M | $292M | $326M | $340M | |
| Other operating expenses | $277M | $299M | $374M | $450M | $507M | $527M | $603M | $690M | $2.48B | $983M | $3.21B | $1.28B | |
| Operating expenses | $1.31B | $1.72B | $1.5B | $1.64B | $1.88B | $1.93B | $2.01B | $2.27B | $2.49B | $2.9B | $3.25B | $3.48B | |
| Operating income | $785M | $240M | $528M | $726M | $557M | $820M | $763M | $825M | $724M | $889M | $611M | $683M | |
| Interest income | $38M | $40M | $25M | $39M | $43M | $41M | $37M | $44M | $49M | $8M | $27M | $30M | |
| Interest expense | $53M | $38M | $38M | $39M | $40M | $48M | $39M | $36M | $35M | $38M | $65M | $62M | |
| Other non-operating income (gains on investments, FX ...) | $201M | -$71M | $9M | $19M | -$3M | $9M | $18M | $73M | $448M | $67M | -$33M | $15M | |
| Total non-operating income | -$254M | -$10M | -$47M | -$58M | -$37M | -$57M | -$57M | -$109M | -$483M | -$105M | -$32M | -$77M | |
| Income before tax | $531M | $230M | $481M | $668M | $520M | $763M | $706M | $716M | $241M | $784M | $579M | $606M | |
| Income tax | $172M | $65M | $137M | $137M | $123M | $124M | $212M | $193M | -$215M | $225M | $162M | $140M | |
| Net income | $359M | $165M | $344M | $531M | $397M | $639M | $494M | $523M | $421M | $559M | $417M | $466M | |
| EPS (basic) | $7.18 | $3.26 | $6.79 | $10.47 | $7.83 | $12.61 | $9.74 | $10.32 | $8.30 | $11.03 | $8.23 | $9.19 | |
| EPS (diluted) | $7.15 | $3.25 | $6.79 | $10.47 | $7.83 | $12.60 | $9.74 | $10.32 | $8.30 | $11.03 | $8.23 | $9.19 | |
| Shares (basic, weighted) | 50M | 50.6M | 50.7M | 50.7M | 50.7M | 50.7M | 50.7M | 50.7M | 50.7M | 50.7M | 50.7M | 50.7M | |
| Shares (diluted, weighted) | 50.2M | 50.7M | 50.7M | 50.7M | 50.7M | 50.7M | 50.7M | 50.7M | 50.7M | 50.7M | 50.7M | 50.7M | |
| Depreciation & amortization | $135M | $135M | $154M | $154M | $157M | $152M | $172M | $199M | $209M | $238M | $246M | $292M | |
| EBITDA | $719M | $446M | $673M | $861M | $717M | $963M | $917M | $951M | $485M | $1.06B | $890M | $960M |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $844M | $1.22B | $1.44B | $2.3B | $3.97B | $7.07B | $10.8B | $15.1B | $20.8B | $28.9B | |
| Cost of revenue | $308M | $497M | $743M | $1.19B | $2.27B | $4.06B | $5.58B | $7.52B | $11.2B | $16B | |
| Gross profit | $537M | $720M | $697M | $1.1B | $1.71B | $3.01B | $5.2B | $7.59B | $9.58B | $12.9B | |
| Research & development | $98.5M | $127M | $146M | $224M | $353M | $590M | $1.1B | $1.83B | $1.93B | $2.27B | |
| Sales & marketing | $156M | $325M | $482M | $834M | $768M | $1.07B | $1.3B | $1.74B | $2.19B | $3.22B | |
| General & administrative | $87.3M | $122M | $138M | $197M | $327M | $465M | $661M | $766M | $963M | $1.08B | |
| Other operating expenses | $13.7M | $88.6M | $0 | $0 | $133M | $435M | $1.07B | $1.05B | $1.86B | $3.09B | |
| Operating expenses | $356M | $663M | $766M | $1.26B | $1.58B | $2.56B | $4.13B | $5.38B | $6.95B | $9.66B | |
| Operating income | $181M | $56.3M | -$69.5M | -$153M | $128M | $441M | $1.07B | $2.21B | $2.63B | $3.2B | |
| Interest income | $0 | $45.9M | $42M | $114M | $103M | $138M | $265M | $135M | $148M | $138M | |
| Interest expense | $24.6M | $26.5M | $56.2M | $65.9M | $107M | $229M | $272M | $176M | $153M | $148M | |
| Other non-operating income (gains on investments, FX ...) | -$29.9M | -$24.3M | -$60.3M | -$112M | -$60M | -$29M | $154M | $480M | $34M | $211M | |
| Total non-operating income | $4.27M | -$2.2M | $4.03M | $45.9M | -$47M | -$209M | -$289M | -$651M | -$199M | -$359M | |
| Income before tax | $185M | $54.1M | -$65.5M | -$107M | $81M | $232M | $780M | $1.56B | $2.43B | $2.84B | |
| Income tax | $49M | $40.3M | -$28.9M | $64.8M | $82M | $149M | $298M | $569M | $521M | $845M | |
| Net income | $136M | $13.8M | -$36.6M | -$172M | -$1M | $83M | $482M | $987M | $1.91B | $2B | |
| EPS (basic) | $3.09 | $0.31 | -$0.82 | -$3.53 | -$0.01 | $1.67 | $9.57 | $19.64 | $37.69 | $39.39 | |
| EPS (diluted) | $3.09 | $0.31 | -$0.82 | -$3.53 | -$0.01 | $1.67 | $9.53 | $19.46 | $37.69 | $39.39 | |
| Shares (basic, weighted) | 44.2M | 44.2M | 44.5M | 48.7M | 49.7M | 49.8M | 50.3M | 50.3M | 50.7M | 50.7M | |
| Shares (diluted, weighted) | 44.2M | 44.2M | 44.5M | 48.7M | 49.7M | 49.8M | 51.3M | 51M | 50.7M | 50.7M | |
| Depreciation & amortization | $29M | $40.9M | $45.8M | $73.3M | $105M | $204M | $403M | $524M | $617M | $818M | |
| EBITDA | $240M | $121M | $36.6M | $32M | $293M | $674M | $1.32B | $2.25B | $3.21B | $3.81B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-01