MercadoLibre, Inc. (MELI) Income Statement Analysis

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Complete financial analysis of MercadoLibre, Inc. (MELI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of MercadoLibre, Inc., a leading company in the Specialty Retail industry within the Consumer Cyclical sector.

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MercadoLibre, Inc. (MELI)

Industry: Specialty Retail

Sector: Consumer Cyclical

Website: https://www.mercadolibre.com

About MercadoLibre, Inc.

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 platform, 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.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Revenue	14.47B	10.54B	7.07B	3.97B	2.30B	1.44B	1.40B	844.40M	651.79M	556.54M	472.59M	373.60M	298.93M	216.72M	172.84M	137.02M	85.13M	52.06M	28.25M	12.66M	5.60M	1.70M
Cost of Revenue	7.27B	5.37B	4.06B	2.26B	1.19B	742.65M	678.50M	307.54M	214.99M	158.98M	130.08M	98.09M	72.06M	46.55M	35.96M	27.54M	19.00M	12.09M	6.14M	0.00	1.10M	700.00K
Gross Profit	7.21B	5.16B	3.01B	1.71B	1.10B	697.01M	719.60M	536.86M	436.80M	397.56M	342.52M	275.52M	226.88M	170.17M	136.89M	109.49M	66.13M	39.97M	22.11M	12.66M	4.50M	1.00M
Gross Profit Ratio	49.79%	49.00%	42.51%	43.02%	48.00%	48.42%	51.47%	63.58%	67.01%	71.43%	72.48%	73.75%	75.90%	78.52%	79.20%	79.90%	77.68%	76.78%	78.27%	100.00%	80.36%	58.82%
Research & Development	1.83B	1.10B	590.33M	352.47M	223.81M	146.27M	127.16M	98.48M	76.42M	53.60M	40.89M	28.63M	23.35M	15.86M	12.14M	7.31M	4.37M	3.07M	2.19M	0.00	1.00M	700.00K
General & Administrative	766.00M	661.00M	464.53M	326.49M	197.46M	137.77M	122.19M	87.31M	76.34M	62.36M	57.61M	45.23M	38.79M	30.83M	25.85M	24.68M	13.20M	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	1.74B	1.30B	1.51B	902.55M	834.02M	482.45M	325.38M	156.30M	128.61M	111.63M	90.48M	72.00M	64.97M	48.88M	42.86M	39.98M	-27.60M	0.00	0.00	0.00	4.90M	0.00
SG&A	3.55B	1.96B	1.97B	1.23B	1.03B	620.22M	447.57M	243.61M	204.95M	173.99M	148.09M	117.23M	103.75M	79.71M	68.71M	64.66M	40.82M	31.51M	19.11M	0.00	4.90M	3.30M
Other Expenses	1.00M	1.07B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-751.00	-190.94K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.10M	0.00
Operating Expenses	5.38B	4.13B	2.56B	1.58B	1.26B	766.49M	574.73M	342.09M	281.37M	227.59M	188.98M	145.86M	127.10M	95.57M	80.85M	71.96M	45.19M	34.58M	21.30M	0.00	8.00M	4.00M
Cost & Expenses	12.65B	9.50B	6.63B	3.85B	2.45B	1.51B	1.25B	649.62M	496.37M	386.57M	319.06M	243.94M	199.16M	142.12M	116.81M	99.50M	64.19M	46.66M	27.44M	0.00	9.10M	4.70M
Interest Income	723.00M	265.00M	137.96M	102.77M	113.52M	42.04M	45.90M	35.44M	20.56M	15.34M	10.67M	11.88M	9.91M	4.93M	2.70M	1.82M	1.60M	0.00	0.00	0.00	0.00	0.00
Interest Expense	331.00M	321.00M	228.70M	106.69M	65.88M	56.25M	26.47M	25.61M	20.39M	11.66M	2.36M	1.14M	3.65M	7.60M	13.36M	8.44M	2.74M	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	524.00M	309.00M	144.94M	81.30M	59.39M	45.79M	40.92M	29.02M	23.21M	16.95M	11.88M	8.96M	7.27M	4.92M	3.89M	3.34M	2.31M	2.02M	1.57M	0.00	800.00K	600.00K
EBITDA	2.29B	1.36B	614.28M	269.30M	18.02M	36.59M	185.79M	223.80M	178.63M	150.40M	177.34M	150.32M	119.37M	84.39M	59.96M	41.22M	18.74M	7.41M	2.38M	12.66M	-2.70M	-2.30M
EBITDA Ratio	15.81%	16.15%	11.07%	8.44%	1.47%	1.27%	16.57%	30.70%	30.56%	36.34%	37.26%	40.23%	39.12%	38.97%	36.23%	31.15%	34.48%	17.82%	8.59%	100.00%	-50.00%	-135.29%
Operating Income	1.82B	1.03B	440.70M	230.46M	-39.64M	-69.48M	56.27M	181.06M	139.20M	120.47M	153.54M	129.66M	99.77M	74.60M	56.03M	37.52M	20.93M	5.40M	811.86K	12.66M	-3.50M	-2.90M
Operating Income Ratio	12.60%	9.81%	6.23%	5.80%	-1.73%	-4.83%	4.02%	21.44%	21.36%	21.65%	32.49%	34.70%	33.38%	34.42%	32.42%	27.39%	24.59%	10.37%	2.87%	100.00%	-62.50%	-170.59%
Total Other Income/Expenses	-270.00M	-254.00M	-200.37M	-47.00M	45.92M	4.03M	-2.20M	4.27M	11.30M	1.32M	9.57M	10.56M	8.68M	-2.73M	-13.32M	-8.08M	-6.51M	-3.08M	-146.39K	-14.90M	300.00K	200.00K
Income Before Tax	1.55B	780.00M	240.63M	81.32M	-107.25M	-65.45M	54.07M	185.33M	150.49M	121.80M	163.11M	140.22M	108.46M	71.87M	42.71M	29.45M	14.42M	2.31M	665.47K	0.00	-3.20M	-2.70M
Income Before Tax Ratio	10.73%	7.40%	3.40%	2.05%	-4.67%	-4.55%	3.87%	21.95%	23.09%	21.88%	34.51%	37.53%	36.28%	33.16%	24.71%	21.49%	16.94%	4.45%	2.36%	0.00%	-57.14%	-158.82%
Income Tax Expense	569.00M	298.00M	148.80M	82.02M	64.75M	-28.87M	40.29M	48.96M	44.70M	49.14M	45.58M	38.87M	31.66M	15.84M	9.50M	10.63M	4.73M	1.24M	-1.37M	2.21M	-300.00K	-500.00K
Net Income	987.00M	482.00M	83.00M	-707.00K	-172.00M	-36.59M	13.78M	136.37M	105.79M	72.58M	117.51M	101.25M	76.78M	56.03M	33.21M	18.81M	9.69M	1.07M	2.35M	-2.21M	-3.20M	-2.50M
Net Income Ratio	6.82%	4.57%	1.17%	-0.02%	-7.49%	-2.54%	0.99%	16.15%	16.23%	13.04%	24.86%	27.10%	25.68%	25.85%	19.21%	13.73%	11.39%	2.06%	8.33%	-17.42%	-57.14%	-147.06%
EPS	19.64	9.57	1.67	-0.01	-3.53	-0.82	0.31	3.09	2.40	1.64	2.66	2.29	1.74	1.27	0.75	0.42	0.38	0.08	0.17	-0.17	-0.31	-0.05
EPS Diluted	19.35	9.39	1.67	-0.01	-3.53	-0.82	0.31	3.09	2.40	1.64	2.66	2.29	1.74	1.27	0.75	0.42	0.38	0.08	0.17	-0.17	-0.31	-0.05
Weighted Avg Shares Out	50.26M	50.35M	49.80M	49.74M	48.69M	44.53M	44.16M	44.16M	44.16M	44.15M	44.15M	44.15M	44.14M	44.12M	44.09M	44.24M	25.15M	13.15M	13.07M	12.74M	10.28M	45.98M
Weighted Avg Shares Out (Dil)	51.01M	51.34M	49.80M	49.74M	48.69M	44.53M	44.16M	44.16M	44.16M	44.15M	44.15M	44.15M	44.15M	44.15M	44.14M	44.35M	25.48M	13.15M	13.67M	12.74M	10.28M	45.98M

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MercadoLibre (MELI, Financial) shares experienced a notable decline of 4.6% following a downgrade from JP Morgan, which shifted its rating from Overweight (Buy) to Neutral. The adjustment was influenced by concerns over the company's credit business, increasing operational costs, and...