MERCADOLIBRE INCMELIEarnings & Financial Report
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.
MELI Q4 2025 Key Financial Metrics
营收
$6.1B
毛利润
$3.8B
营业利润
$889.0M
净利润
$559.0M
毛利率
61.7%
营业利润率
14.5%
净利率
9.1%
同比增长
40.2%
EPS
$11.03
资金流向
MERCADOLIBRE INC Q4 2025 Financial Summary
MERCADOLIBRE INC reported revenue of $6.1B (up 40.2% YoY) for Q4 2025, with a net profit of $559.0M (down 12.5% YoY) (9.1% margin). Cost of goods sold was $2.4B, operating expenses totaled $2.9B.
Key Financial Metrics
| Total Revenue | $6.1B |
|---|---|
| Net Profit | $559.0M |
| Gross Margin | 61.7% |
| Operating Margin | 14.5% |
| Report Period | Q4 2025 |
Revenue Breakdown
MERCADOLIBRE INC Q4 2025 revenue of $6.1B breaks down across 4 segments, led by Commerce at $2.8B (45.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Commerce | $2.8B | 45.2% |
| Argentina Segment | $1.6B | 26.3% |
| Products | $1.2B | 20.1% |
| Other Countries Segment | $414.0M | 6.7% |
MERCADOLIBRE INC Revenue by Segment — Quarterly Trend
MERCADOLIBRE INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Commerce and Argentina Segment) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Commerce | $2.8B | $2.4B | $2.1B | $1.9B |
| Argentina Segment | $1.6B | — | $1.5B | $1.4B |
| Products | $1.2B | $933.0M | $826.0M | $615.0M |
| Other Countries Segment | $414.0M | $308.0M | $284.0M | $249.0M |
MERCADOLIBRE INC Annual Revenue by Year
MERCADOLIBRE INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $20.3B). Click any linked year to see what changed vs the prior 10-K.
MERCADOLIBRE INC Quarterly Revenue & Net Profit History
MERCADOLIBRE INC quarterly results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $6.1B | +40.2% | $559.0M | 9.1% |
| Q3 2025 | $5.2B | +33.6% | $421.0M | 8.1% |
| Q2 2025 | $4.8B | +27.6% | $523.0M | 10.9% |
| Q1 2025 | $4.2B | +35.2% | $494.0M | 11.8% |
| Q4 2024 | $4.4B | +1492.0% | $639.0M | 14.6% |
| Q3 2024 | $3.9B | +3.6% | $397.0M | 10.2% |
| Q2 2024 | $3.8B | +10.2% | $531.0M | 14.1% |
| Q1 2024 | $3.1B | +2.0% | $344.0M | 11.1% |
利润表
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| 营收 | $3.10B | $3.77B | $3.90B | $4.38B | $4.19B | $4.80B | $5.21B | $6.14B |
| 同比增长 | 2.0% | 10.2% | 3.6% | 1492.0% | 35.2% | 27.6% | 33.6% | 40.2% |
资产负债表
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| 总资产 | $19.06B | $20.03B | $22.62B | $25.20B | $27.68B | $32.95B | $36.69B | $42.67B |
| 总负债 | $15.67B | $16.37B | $18.62B | $20.84B | $22.68B | $27.23B | $30.47B | $35.92B |
| 股东权益 | $3.39B | $3.66B | $4.00B | $4.35B | $5.00B | $5.71B | $6.22B | $6.75B |
现金流量表
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| 经营性现金流 | $1.51B | $1.88B | $1.60B | $2.92B | $1.03B | $2.92B | $2.96B | $5.21B |