← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
MercadoLibre grew revenue 39.1% to $28.89B as its credit book nearly doubled, but cheaper shipping in Brazil and higher loan-loss provisions held net income growth to 4.5%
The read at a glance✓ Audited against SEC data
- Growth — Revenue up 39.1% to $28.89B; Fintech up 46.2%, Commerce up 34.0%OK
- Profitability — Operating margin down 158 bps to 11.08%; net income up 4.5% to $2.00BWatch
- Cash flow — Free cash flow $10.77B includes customer funds; company's adjusted measure $1,481 millionNote
- Accounting quality — Grey-zone balance-sheet screen; no manipulation flag; earnings quality safeNote
- Capital allocation — Reinvests; buybacks $1.0M, no dividend; total debt up 60.9%Note
- Credit book — Gross loans receivable $12,508 million, up from $6,573 millionWatch
Business
MercadoLibre runs Latin America's leading e-commerce marketplace by gross merchandise volume, present in 18 countries, alongside Mercado Pago, a fintech platform offering payments, a digital account, credit cards and loans in 8 countries. Its own logistics network, Mercado Envios, and advertising business Mercado Ads tie the two together. Brazil is the largest market, followed by Mexico and Argentina, and the company reports in U.S. dollars.
Where the revenue comes from
Fiscal 2025, as MERCADOLIBRE INC reports it. History and quarterly detail are in the app.
- Brazil$15.2B
- Mexico$6.5B
- Argentina$6.0B
- Other countries$1.3B
- Other Countries$1.3B
Leadership changes
From MERCADOLIBRE INC's own filings, the day they're filed.
- Richard Sanders · appointmenteff. 2024-08-19
- Listing Rule · appointment
- Stanford University · appointment
Latest filings
- 8-K · Company announcement2026-09-14
- 8-K · Company announcement2026-09-10
- 10-Q · Quarterly report2026-08-06
- 8-K · Company announcement2026-08-05
- 8-K · Company announcement2026-06-12
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- What changed🔒
- Insider signal🔒
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- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
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- Full financial statements, industry-aware, sources cited throughout🔒
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- Ana — ask about MERCADOLIBRE INC, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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