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Side-by-side financial comparison of MERCADOLIBRE INC (MELI) and Netflix (NFLX). Click either name above to swap in a different company.
Netflix is the larger business by last-quarter revenue ($12.2B vs $6.1B, roughly 2.0× MERCADOLIBRE INC). Netflix runs the higher net margin — 43.1% vs 9.1%, a 34.0% gap on every dollar of revenue. On growth, MERCADOLIBRE INC posted the faster year-over-year revenue change (40.2% vs 16.2%). Netflix produced more free cash flow last quarter ($5.1B vs $4.8B). Over the past eight quarters, MERCADOLIBRE INC's revenue compounded faster (40.7% CAGR vs 13.2%).
MercadoLibre, Inc., known as Mercado Livre in Brazil, literally meaning "free market" in both languages, is a company of Argentine origin and incorporated in Delaware in the United States that operates online marketplaces dedicated to e-commerce and online auctions. As of 2016, Mercado Libre had 174.2 million users in Latin America, making it the region's most popular e-commerce site by number of visitors.
Netflix is an American subscription video on-demand over-the-top streaming service. The service primarily distributes original and acquired films and television shows from various genres. It is available internationally in multiple languages.
MELI vs NFLX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $6.1B | $12.2B |
| Net Profit | $559.0M | $5.3B |
| Gross Margin | 61.7% | 51.9% |
| Operating Margin | 14.5% | 32.3% |
| Net Margin | 9.1% | 43.1% |
| Revenue YoY | 40.2% | 16.2% |
| Net Profit YoY | -12.5% | 82.8% |
| EPS (diluted) | $11.03 | $1.23 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $12.2B | ||
| Q4 25 | $6.1B | $12.1B | ||
| Q3 25 | $5.2B | $11.5B | ||
| Q2 25 | $4.8B | $11.1B | ||
| Q1 25 | $4.2B | $10.5B | ||
| Q4 24 | $4.4B | $10.2B | ||
| Q3 24 | $3.9B | $9.8B | ||
| Q2 24 | $3.8B | $9.6B |
| Q1 26 | — | $5.3B | ||
| Q4 25 | $559.0M | $2.4B | ||
| Q3 25 | $421.0M | $2.5B | ||
| Q2 25 | $523.0M | $3.1B | ||
| Q1 25 | $494.0M | $2.9B | ||
| Q4 24 | $639.0M | $1.9B | ||
| Q3 24 | $397.0M | $2.4B | ||
| Q2 24 | $531.0M | $2.1B |
| Q1 26 | — | 51.9% | ||
| Q4 25 | 61.7% | 45.9% | ||
| Q3 25 | 61.7% | 46.4% | ||
| Q2 25 | 64.4% | 51.9% | ||
| Q1 25 | 66.1% | 50.1% | ||
| Q4 24 | 62.8% | 43.7% | ||
| Q3 24 | 62.6% | 47.9% | ||
| Q2 24 | 62.8% | 45.9% |
| Q1 26 | — | 32.3% | ||
| Q4 25 | 14.5% | 24.5% | ||
| Q3 25 | 13.9% | 28.2% | ||
| Q2 25 | 17.2% | 34.1% | ||
| Q1 25 | 18.2% | 31.7% | ||
| Q4 24 | 18.7% | 22.2% | ||
| Q3 24 | 14.3% | 29.6% | ||
| Q2 24 | 19.3% | 27.2% |
| Q1 26 | — | 43.1% | ||
| Q4 25 | 9.1% | 20.1% | ||
| Q3 25 | 8.1% | 22.1% | ||
| Q2 25 | 10.9% | 28.2% | ||
| Q1 25 | 11.8% | 27.4% | ||
| Q4 24 | 14.6% | 18.2% | ||
| Q3 24 | 10.2% | 24.1% | ||
| Q2 24 | 14.1% | 22.5% |
| Q1 26 | — | $1.23 | ||
| Q4 25 | $11.03 | $-17.14 | ||
| Q3 25 | $8.32 | $5.87 | ||
| Q2 25 | $10.31 | $7.19 | ||
| Q1 25 | $9.74 | $0.66 | ||
| Q4 24 | $12.60 | $4.27 | ||
| Q3 24 | $7.83 | $5.40 | ||
| Q2 24 | $10.48 | $4.88 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $6.3B | $12.3B |
| Total DebtLower is stronger | $4.6B | $13.4B |
| Stockholders' EquityBook value | $6.7B | $31.1B |
| Total Assets | $42.7B | $61.0B |
| Debt / EquityLower = less leverage | 0.68× | 0.43× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.3B | ||
| Q4 25 | $6.3B | $9.1B | ||
| Q3 25 | $6.3B | $9.3B | ||
| Q2 25 | $7.6B | $8.4B | ||
| Q1 25 | $8.1B | $8.4B | ||
| Q4 24 | $7.1B | $9.6B | ||
| Q3 24 | $6.7B | $9.2B | ||
| Q2 24 | $6.9B | $6.7B |
| Q1 26 | — | $13.4B | ||
| Q4 25 | $4.6B | $13.5B | ||
| Q3 25 | $3.4B | $14.5B | ||
| Q2 25 | $3.5B | $14.5B | ||
| Q1 25 | $2.9B | $14.0B | ||
| Q4 24 | $2.9B | $13.8B | ||
| Q3 24 | $3.1B | $14.2B | ||
| Q2 24 | $2.4B | $12.2B |
| Q1 26 | — | $31.1B | ||
| Q4 25 | $6.7B | $26.6B | ||
| Q3 25 | $6.2B | $26.0B | ||
| Q2 25 | $5.7B | $25.0B | ||
| Q1 25 | $5.0B | $24.0B | ||
| Q4 24 | $4.4B | $24.7B | ||
| Q3 24 | $4.0B | $22.7B | ||
| Q2 24 | $3.7B | $22.1B |
| Q1 26 | — | $61.0B | ||
| Q4 25 | $42.7B | $55.6B | ||
| Q3 25 | $36.7B | $54.9B | ||
| Q2 25 | $32.9B | $53.1B | ||
| Q1 25 | $27.7B | $52.1B | ||
| Q4 24 | $25.2B | $53.6B | ||
| Q3 24 | $22.6B | $52.3B | ||
| Q2 24 | $20.0B | $49.1B |
| Q1 26 | — | 0.43× | ||
| Q4 25 | 0.68× | 0.51× | ||
| Q3 25 | 0.55× | 0.56× | ||
| Q2 25 | 0.61× | 0.58× | ||
| Q1 25 | 0.57× | 0.58× | ||
| Q4 24 | 0.66× | 0.56× | ||
| Q3 24 | 0.78× | 0.62× | ||
| Q2 24 | 0.67× | 0.55× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $5.2B | $5.3B |
| Free Cash FlowOCF − Capex | $4.8B | $5.1B |
| FCF MarginFCF / Revenue | 77.9% | 41.6% |
| Capex IntensityCapex / Revenue | 7.0% | 1.6% |
| Cash ConversionOCF / Net Profit | 9.32× | 1.00× |
| TTM Free Cash FlowTrailing 4 quarters | $10.8B | $11.9B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $5.3B | ||
| Q4 25 | $5.2B | $2.1B | ||
| Q3 25 | $3.0B | $2.8B | ||
| Q2 25 | $2.9B | $2.4B | ||
| Q1 25 | $1.0B | $2.8B | ||
| Q4 24 | $2.9B | $1.5B | ||
| Q3 24 | $1.6B | $2.3B | ||
| Q2 24 | $1.9B | $1.3B |
| Q1 26 | — | $5.1B | ||
| Q4 25 | $4.8B | $1.9B | ||
| Q3 25 | $2.6B | $2.7B | ||
| Q2 25 | $2.6B | $2.3B | ||
| Q1 25 | $759.0M | $2.7B | ||
| Q4 24 | $2.6B | $1.4B | ||
| Q3 24 | $1.4B | $2.2B | ||
| Q2 24 | $1.7B | $1.2B |
| Q1 26 | — | 41.6% | ||
| Q4 25 | 77.9% | 15.5% | ||
| Q3 25 | 50.0% | 23.1% | ||
| Q2 25 | 54.8% | 20.5% | ||
| Q1 25 | 18.1% | 25.2% | ||
| Q4 24 | 59.8% | 13.5% | ||
| Q3 24 | 35.4% | 22.3% | ||
| Q2 24 | 45.1% | 12.7% |
| Q1 26 | — | 1.6% | ||
| Q4 25 | 7.0% | 2.0% | ||
| Q3 25 | 6.9% | 1.4% | ||
| Q2 25 | 6.0% | 1.4% | ||
| Q1 25 | 6.5% | 1.2% | ||
| Q4 24 | 7.0% | 1.5% | ||
| Q3 24 | 5.7% | 1.3% | ||
| Q2 24 | 4.9% | 0.8% |
| Q1 26 | — | 1.00× | ||
| Q4 25 | 9.32× | 0.87× | ||
| Q3 25 | 7.03× | 1.11× | ||
| Q2 25 | 5.58× | 0.78× | ||
| Q1 25 | 2.09× | 0.97× | ||
| Q4 24 | 4.58× | 0.82× | ||
| Q3 24 | 4.03× | 0.98× | ||
| Q2 24 | 3.54× | 0.60× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MELI
| Commerce | $2.8B | 45% |
| Argentina Segment | $1.6B | 26% |
| Products | $1.2B | 20% |
| Other Countries Segment | $414.0M | 7% |
NFLX
Segment breakdown not available.
