Mercadolibre Inc - Understand $meli stock

$MELI Market Cap: $100.8 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$18.98B

TTM

Gross Margin

46.28%

TTM

Net Earnings

$1.437B

TTM

Current Assets

$17.82B

Q3 2024

Current Liabilities

$14.31B

Q3 2024

Current Ratio

124.53%

Q3 2024

Total Assets

$22.62B

Q3 2024

Total Liabilities

$18.62B

Q3 2024

Book Value

$4.002B

Q3 2024

Cash

$2.162B

Q3 2024

P/E

70.12

Nov 29, 2024 EST

Free Cash Flow

$6.189B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Revenue	$14.47B	$10.54B	$7.069B	$3.973B	$2.296B	$1.440B	$1.217B	$844.4M	$651.8M	$556.5M	$472.6M	$373.6M	$298.9M	$216.7M	$172.8M	$137.0M	$85.10M	$52.10M	$28.30M	$12.70M	$5.600M
YoY Change	37.35%	49.05%	77.92%	73.04%	59.5%	18.34%	44.07%	29.55%	17.12%	17.76%	26.5%	24.98%	37.94%	25.41%	26.13%	60.99%	63.34%	84.1%	122.83%	126.79%	229.41%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Revenue	$14.47B	$10.54B	$7.069B	$3.973B	$2.296B	$1.440B	$1.217B	$844.4M	$651.8M	$556.5M	$472.6M	$373.6M	$298.9M	$216.7M	$172.8M	$137.0M	$85.10M	$52.10M	$28.30M	$12.70M	$5.600M
Cost Of Revenue	$7.267B	$5.374B	$4.064B	$2.264B	$1.194B	$742.6M	$496.9M	$307.5M	$215.0M	$159.0M	$130.1M	$98.09M	$72.06M	$46.55M	$36.00M	$27.50M	$18.30M	$12.10M	$6.100M	$2.500M	$1.100M
Gross Profit	$7.206B	$5.163B	$3.005B	$1.709B	$1.102B	$697.0M	$719.6M	$536.9M	$436.8M	$397.6M	$342.5M	$275.5M	$226.9M	$170.2M	$136.9M	$109.5M	$66.90M	$40.00M	$22.10M	$10.20M	$4.500M
Gross Profit Margin	49.79%	49.0%	42.51%	43.02%	48.0%	48.42%	59.15%	63.58%	67.01%	71.43%	72.48%	73.75%	75.9%	78.52%	79.22%	79.93%	78.61%	76.78%	78.09%	80.31%	80.36%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Selling, General & Admin	$2.502B	$1.957B	$1.974B	$1.229B	$1.031B	$620.2M	$447.6M	$243.6M	$198.8M	$174.0M	$148.1M	$117.2M	$103.8M	$79.71M	$68.70M	$62.70M	$40.80M	$31.50M	$19.10M	$12.20M	$7.000M
YoY Change	27.85%	-0.86%	60.61%	19.15%	66.31%	38.57%	83.73%	22.54%	14.26%	17.49%	26.32%	12.99%	30.16%	16.03%	9.57%	53.68%	29.52%	64.92%	56.56%	74.29%	112.12%
% of Gross Profit	34.72%	37.9%	65.69%	71.91%	93.59%	88.98%	62.2%	45.38%	45.51%	43.77%	43.24%	42.55%	45.73%	46.84%	50.18%	57.26%	60.99%	78.75%	86.43%	119.61%	155.56%
Research & Development	$1.831B	$1.099B	$590.3M	$352.5M	$223.8M	$146.3M	$127.2M	$98.48M	$60.20M	$41.50M	$32.30M	$28.60M	$23.30M	$15.90M	$12.10M	$7.300M	$4.400M	$3.100M	$2.200M	$1.300M	$1.000M
YoY Change	66.61%	86.17%	67.48%	57.49%	53.01%	15.03%	29.12%	63.59%	45.06%	28.48%	12.94%	22.75%	46.54%	31.4%	65.75%	65.91%	41.94%	40.91%	69.23%	30.0%	42.86%
% of Gross Profit	25.41%	21.29%	19.64%	20.62%	20.31%	20.99%	17.67%	18.34%	13.78%	10.44%	9.43%	10.38%	10.27%	9.34%	8.84%	6.67%	6.58%	7.75%	9.95%	12.75%	22.22%
Depreciation & Amortization	$524.0M	$403.0M	$203.9M	$105.0M	$73.30M	$45.80M	$40.90M	$29.00M	$23.20M	$16.90M	$11.90M	$9.000M	$7.300M	$4.900M	$3.900M	$3.300M	$2.300M	$2.000M	$1.600M	$1.100M
YoY Change	30.02%	97.61%	94.23%	43.25%	60.04%	11.98%	41.03%	25.0%	37.28%	42.02%	32.22%	23.29%	48.98%	25.64%	18.18%	43.48%	15.0%	25.0%	45.45%
% of Gross Profit	7.27%	7.81%	6.79%	6.14%	6.65%	6.57%	5.68%	5.4%	5.31%	4.25%	3.47%	3.27%	3.22%	2.88%	2.85%	3.01%	3.44%	5.0%	7.24%	10.78%
Operating Expenses	$5.383B	$4.129B	$2.564B	$1.582B	$1.255B	$766.5M	$663.3M	$355.8M	$281.4M	$277.1M	$189.0M	$145.9M	$127.1M	$95.57M	$80.80M	$70.10M	$45.20M	$34.60M	$21.30M	$13.50M	$8.000M
YoY Change	30.37%	61.02%	62.14%	25.99%	63.77%	15.55%	86.43%	26.44%	1.56%	46.62%	29.56%	14.76%	33.0%	18.28%	15.26%	55.09%	30.64%	62.44%	57.78%	68.75%	105.13%
Operating Profit	$1.823B	$1.034B	$440.7M	$127.7M	-$153.2M	-$69.48M	$56.27M	$181.1M	$155.4M	$120.5M	$153.5M	$129.7M	$99.77M	$74.60M	$56.10M	$39.40M	$21.70M	$5.400M	$800.0K	-$3.300M	-$3.500M
YoY Change	76.31%	134.63%	245.13%	-183.37%	120.43%	-223.47%	-68.92%	16.51%	28.99%	-21.54%	18.42%	29.95%	33.75%	32.97%	42.39%	81.57%	301.85%	575.0%	-124.24%	-5.71%	20.69%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Interest Expense	-$270.0M	-$205.0M	-$150.8M	-$46.40M	$45.90M	$4.000M	-$2.200M	$4.300M	$11.30M	$1.300M	$9.600M	$10.80M	$8.600M	-$2.700M	-$13.30M	-$8.200M	-$4.200M	-$1.600M	$100.0K	$1.100M	$300.0K
YoY Change	31.71%	35.92%	225.06%	-201.09%	1047.5%	-281.82%	-151.16%	-61.95%	769.23%	-86.46%	-11.11%	25.58%	-418.52%	-79.7%	62.2%	95.24%	162.5%	-1700.0%	-90.91%	266.67%	50.0%
% of Operating Profit	-14.81%	-19.83%	-34.22%	-36.34%			-3.91%	2.37%	7.27%	1.08%	6.25%	8.33%	8.62%	-3.62%	-23.71%	-20.81%	-19.35%	-29.63%	12.5%
Other Income/Expense, Net											-$751.00	-$190.9K	$73.89K	$0.00	$0.00	$100.0K	-$3.000M	-$1.500M	-$300.0K	$0.00	$0.00
YoY Change											-99.61%	-358.39%			-100.0%	-103.33%	100.0%	400.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Pretax Income	$1.553B	$780.0M	$240.6M	$81.32M	-$107.2M	-$65.45M	$54.07M	$185.3M	$150.5M	$121.8M	$163.1M	$140.2M	$108.5M	$71.87M	$42.70M	$29.40M	$14.40M	$2.300M	$700.0K	-$2.200M	-$3.200M
YoY Change	99.1%	224.15%	195.92%	-175.82%	63.85%	-221.05%	-70.82%	23.14%	23.57%	-25.33%	16.33%	29.28%	50.92%	68.3%	45.24%	104.17%	526.09%	228.57%	-131.82%	-31.25%	18.52%
Income Tax	$569.0M	$298.0M	$148.8M	$82.02M	$64.75M	-$28.87M	$40.29M	$48.96M	$44.70M	$49.14M	$45.58M	$38.87M	$31.66M	$15.84M	$9.500M	$10.60M	$4.700M	$1.200M	-$1.400M	$0.00	$0.00
% Of Pretax Income	36.64%	38.21%	61.84%	100.87%			74.51%	26.42%	29.7%	40.35%	27.95%	27.72%	29.19%	22.04%	22.25%	36.05%	32.64%	52.17%	-200.0%
Net Earnings	$987.0M	$482.0M	$83.30M	-$707.0K	-$172.0M	-$36.59M	$13.78M	$136.4M	$105.8M	$72.58M	$117.5M	$101.2M	$76.80M	$56.03M	$33.20M	$18.80M	$9.700M	$1.100M	$2.400M	-$2.200M	-$3.200M
YoY Change	104.77%	478.6%	-11882.74%	-99.59%	370.14%	-365.49%	-89.89%	28.89%	45.77%	-38.23%	16.06%	31.84%	37.08%	68.75%	76.6%	93.81%	781.82%	-54.17%	-209.09%	-31.25%	28.0%
Net Earnings / Revenue	6.82%	4.57%	1.18%	-0.02%	-7.49%	-2.54%	1.13%	16.15%	16.23%	13.04%	24.86%	27.1%	25.69%	25.85%	19.21%	13.72%	11.4%	2.11%	8.48%	-17.32%	-57.14%
Basic Earnings Per Share	$19.64	$9.57	$1.67	-$0.08	-$3.71	-$0.82	$0.31	$3.09		$1.63	$2.66	$2.30	$1.73	$1.27
Diluted Earnings Per Share	$19.46	$9.53	$1.67	-$0.08	-$3.71	-$0.82	$0.31	$3.09	$2.394M	$1.63	$2.66	$2.30	$1.73	$1.27	$752.8K	$424.4K	$380.4K	$83.97K	$175.2K	-$173.2K	-$252.0K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Cash & Short-Term Investments	$6.036B	$4.249B	$3.394B	$3.098B	$2.982B	$901.9M	$597.7M	$487.5M	$369.0M	$372.0M	$216.9M	$195.2M	$142.3M	$62.20M	$64.40M	$49.10M	$68.00M	$13.50M	$12.40M
YoY Change	42.06%	25.19%	9.57%	3.88%	230.64%	50.9%	22.61%	32.11%	-0.81%	71.51%	11.12%	37.17%	128.78%	-3.42%	31.16%	-27.79%	403.7%	8.87%
Cash & Equivalents	$2.556B	$1.910B	$2.585B	$1.856B	$1.385B	$440.3M	$388.3M	$234.1M	$166.9M	$223.1M	$140.3M	$101.5M	$67.40M	$56.80M	$49.80M	$17.50M	$15.70M	$7.100M	$9.000M
Short-Term Investments	$3.480B	$2.339B	$809.5M	$1.241B	$1.597B	$461.5M	$209.4M	$253.3M	$202.1M	$148.8M	$76.60M	$93.70M	$74.90M	$5.300M	$14.60M	$31.60M	$52.30M	$6.300M	$3.400M
Other Short-Term Assets	$1.603B	$1.772B	$1.391B	$833.2M	$200.7M	$113.4M	$64.00M	$41.30M	$15.60M	$29.00M	$31.30M	$24.50M	$17.30M	$20.70M	$9.100M	$5.000M	$4.600M	$3.500M	$1.100M
YoY Change	-9.54%	27.38%	66.97%	315.15%	76.98%	77.19%	54.96%	164.74%	-46.21%	-7.35%	27.76%	41.62%	-16.43%	127.47%	82.0%	8.7%	31.43%	218.18%
Inventory	$238.0M	$152.0M	$253.1M	$118.1M	$8.600M	$4.600M	$2.500M	$1.100M	$200.0K
Prepaid Expenses
Receivables	$3.788B	$3.076B	$1.938B	$912.8M	$415.4M	$395.5M	$549.3M	$333.3M	$160.4M	$131.8M	$77.90M	$55.70M	$40.70M	$18.80M	$8.700M	$6.200M	$32.40M	$12.20M	$6.500M
Other Receivables	$2.629B	$1.704B	$1.199B	$385.0M	$182.1M	$95.70M	$73.40M	$6.300M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$14.29B	$10.95B	$8.175B	$5.347B	$3.789B	$1.511B	$1.287B	$869.5M	$545.2M	$532.8M	$326.2M	$275.4M	$200.2M	$101.6M	$82.10M	$60.30M	$105.0M	$29.10M	$20.10M
YoY Change	30.5%	33.98%	52.89%	41.12%	150.74%	17.42%	48.0%	59.48%	2.33%	63.34%	18.45%	37.56%	97.05%	23.75%	36.15%	-42.57%	260.82%	44.78%
Property, Plant & Equipment	$2.149B	$1.649B	$1.269B	$694.9M	$444.7M	$165.6M	$114.8M	$124.3M	$81.60M	$91.50M	$131.4M	$37.70M	$30.90M	$20.80M	$5.900M	$5.900M	$4.100M	$2.900M	$2.300M
YoY Change	30.32%	29.99%	82.55%	56.26%	168.54%	44.25%	-7.64%	52.33%	-10.82%	-30.37%	248.54%	22.01%	48.56%	252.54%	0.0%	43.9%	41.38%	26.09%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$162.0M	$322.0M	$88.60M	$166.1M	$264.0M	$276.1M	$34.70M	$153.8M	$187.6M	$205.3M	$45.70M	$86.00M	$43.90M	$78.80M	$26.60M	$9.200M	$1.300M	$0.00
YoY Change	-49.69%	263.44%	-46.66%	-37.08%	-4.38%	695.68%	-77.44%	-18.02%	-8.62%	349.23%	-46.86%	95.9%	-44.29%	196.24%	189.13%	607.69%
Other Assets	$778.0M	$602.0M	$314.8M	$202.5M	$175.8M	$179.2M	$121.3M	$101.8M	$73.60M	$45.30M	$27.40M	$12.00M	$12.30M	$3.700M	$3.600M	$8.400M	$600.0K	$400.0K	$1.400M
YoY Change	29.24%	91.23%	55.46%	15.19%	-1.9%	47.73%	19.16%	38.32%	62.47%	65.33%	128.33%	-2.44%	232.43%	2.78%	-57.14%	1300.0%	50.0%	-71.43%
Total Long-Term Assets	$3.352B	$2.783B	$1.926B	$1.180B	$992.8M	$728.4M	$386.3M	$497.9M	$458.4M	$434.0M	$266.2M	$203.3M	$155.7M	$168.1M	$100.5M	$96.40M	$29.50M	$24.70M	$24.30M
YoY Change	20.45%	44.48%	63.3%	18.81%	36.3%	88.56%	-22.41%	8.62%	5.62%	63.04%	30.94%	30.57%	-7.38%	67.26%	4.25%	226.78%	19.43%	1.65%
Total Assets	$17.65B	$13.74B	$10.10B	$6.526B	$4.782B	$2.240B	$1.673B	$1.367B	$1.004B	$966.8M	$592.4M	$478.7M	$355.9M	$269.7M	$182.6M	$156.7M	$134.5M	$53.80M	$44.40M
YoY Change
Accounts Payable	$3.189B	$1.876B	$1.324B	$728.1M	$331.1M	$243.3M	$199.5M	$95.10M	$62.00M	$50.80M	$26.70M	$14.80M	$12.20M	$11.50M	$7.200M	$8.000M	$4.000M	$2.500M	$700.0K
YoY Change	69.99%	41.65%	81.89%	119.9%	36.09%	21.95%	109.78%	53.39%	22.05%	90.26%	80.41%	21.31%	6.09%	59.72%	-10.0%	100.0%	60.0%	257.14%
Accrued Expenses	$711.0M	$543.0M	$453.9M	$301.9M	$166.3M	$83.80M	$86.60M	$58.80M	$32.90M	$35.70M	$30.90M	$29.10M	$8.000M	$5.600M	$4.300M	$9.000M	$5.200M	$3.200M	$1.900M
YoY Change	30.94%	19.63%	50.34%	81.54%	98.45%	-3.23%	47.28%	78.72%	-7.84%	15.53%	6.19%	263.75%	42.86%	30.23%	-52.22%	73.08%	62.5%	68.42%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$20.50M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change					-100.0%
Long-Term Debt Due	$2.292B	$2.131B	$1.285B	$548.4M	$186.1M	$112.5M	$56.30M	$11.60M	$2.000M	$1.600M	$13.40M	$100.0K	$100.0K	$100.0K	$3.200M	$15.00M	$9.700M	$100.0K	$100.0K
YoY Change	7.56%	65.78%	134.39%	194.68%	65.42%	99.82%	385.34%	480.0%	25.0%	-88.06%	13300.0%	0.0%	0.0%	-96.88%	-78.67%	54.64%	9600.0%	0.0%
Total Short-Term Liabilities	$11.30B	$8.562B	$5.837B	$3.636B	$1.752B	$1.166B	$968.0M	$576.6M	$322.5M	$292.6M	$224.2M	$169.5M	$118.3M	$88.40M	$60.50M	$56.30M	$41.80M	$19.70M	$10.90M
YoY Change	31.94%	46.69%	60.53%	107.49%	50.26%	20.48%	67.88%	78.79%	10.22%	30.51%	32.27%	43.28%	33.82%	46.12%	7.46%	34.69%	112.18%	80.73%
Long-Term Debt	$2.203B	$2.627B	$2.233B	$860.9M	$631.4M	$602.2M	$312.1M	$301.9M	$294.3M	$282.2M	$2.500M	$100.0K	$100.0K	$200.0K	$0.00	$3.100M	$0.00	$9.000M	$12.00M
YoY Change	-16.14%	17.63%	159.41%	36.35%	4.85%	92.95%	3.38%	2.58%	4.29%	11188.0%	2400.0%	0.0%	-50.0%		-100.0%		-100.0%	-25.0%
Other Long-Term Liabilities	$892.0M	$614.0M	$437.0M	$313.6M	$216.1M	$42.70M	$43.50M	$26.00M	$20.30M	$17.50M	$12.90M	$6.300M	$5.600M	$4.200M	$2.800M	$1.400M	$1.100M	$1.800M	$300.0K
YoY Change	45.28%	40.5%	39.35%	45.12%	406.09%	-1.84%	67.31%	28.08%	16.0%	35.66%	104.76%	12.5%	33.33%	50.0%	100.0%	27.27%	-38.89%	500.0%
Total Long-Term Liabilities	$3.095B	$3.241B	$2.670B	$1.175B	$847.5M	$644.9M	$355.6M	$327.9M	$314.6M	$299.7M	$15.40M	$6.400M	$5.700M	$4.400M	$2.800M	$4.500M	$1.100M	$10.80M	$12.30M
YoY Change	-4.5%	21.37%	127.35%	38.58%	31.42%	81.36%	8.45%	4.23%	4.97%	1846.1%	140.63%	12.28%	29.55%	57.14%	-37.78%	309.09%	-89.81%	-12.2%
Total Liabilities	$14.58B	$11.91B	$8.569B	$4.875B	$2.700B	$1.903B	$1.347B	$938.6M	$664.1M	$611.1M	$248.9M	$188.9M	$136.8M	$98.00M	$68.40M	$63.30M	$42.80M	$30.50M	$23.20M
YoY Change	22.39%	38.97%	75.79%	80.57%	41.88%	41.22%	43.55%	41.33%	8.67%	145.52%	31.76%	38.08%	39.59%	43.27%	8.06%	47.9%	40.33%	31.47%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2014	2013	2012	2011	2010
Basic Shares Outstanding	50.26M shares	50.35M shares	49.80M	49.74M	48.69M	44.53M	44.16M	44.16M	44.15M shares	44.15M shares	44.15M shares	44.14M shares	44.12M shares
Diluted Shares Outstanding	51.01M shares	51.34M shares	49.80M	49.74M	48.69M	44.53M	44.16M	44.16M	44.15M shares	44.15M shares	44.15M shares	44.15M shares	44.15M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $100.76 Billion

About MERCADOLIBRE INC

MercadoLibre, Inc. engages in the development of an online commerce platform with a focus on e-commerce and related services. The e-commerce products enable retail and wholesale via Internet platforms designed to provide users with a portfolio of services to facilitate commercial transactions. The firm's geographic coverage includes 18 countries of Latin America. The primary offer is an ecosystem of six integrated e-commerce services: the Mercado Libre Marketplace, the Mercado Libre Classifieds service, the Mercado Pago payments solution, the Mercado Credito financial solutions, the Mercado Envios logistic solutions including shipping, the Mercado Ads advertising platform and the Mercado Shops digital storefront solution.

Industry: Services-Business Services, NEC Peers: