9to5investing

Stocks·NASDAQ:MELI

MercadoLibre (MELI)

OverviewFinancialsOwnersFilings
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Revenue, last 12 months$38.5B+47% vs. a year before
Free cash flow, last 12 months$12.3BBringing in cash
Cash and short-term investments$7.38BDebt: $13.2B
Shares outstanding, past year0%50.7M shares now

My take

No average analyst target in this video.

Every video where I mention MELI

The last 12 months

  1. Nov 5, 202610-QQuarterly report
  2. Nov 4, 20268-KReleased quarterly results
  3. Sep 14, 20268-KOther news
  4. Sep 10, 20268-KSigned a major agreement; Shared information with investors
  5. Aug 6, 202610-QQuarterly report
  6. Aug 5, 20268-KReleased quarterly results
  7. Jun 12, 20268-KShareholder vote results
  8. May 14, 2026SCHEDULE 13GAn investor reported a 5%+ stake
  9. May 8, 202610-QQuarterly report
  10. May 7, 20268-KReleased quarterly results
  11. Apr 3, 20268-KExecutive or board change
  12. Feb 25, 202610-KAnnual report
  13. Feb 24, 20268-KReleased quarterly results
  14. Dec 9, 20258-KOther news

All filings →

Revenue by year
2016: $844M20162017: $1.22B20172018: $1.44B20182019: $2.30B20192020: $3.97B20202021: $7.07B20212022: $10.8B20222023: $15.1B20232024: $20.8B20242025: $28.9B2025$28.9B
Show the numbers
Revenue by year
2016$844M
2017$1.22B
2018$1.44B
2019$2.30B
2020$3.97B
2021$7.07B
2022$10.8B
2023$15.1B
2024$20.8B
2025$28.9B
Revenue by quarter calendar quarter the period ended in
Q4 23: $4.41BQ1 24: $4.33BQ1 24Q2 24: $5.07BQ3 24: $5.31BQ3 24Q4 24: $6.06BQ1 25: $5.93BQ1 25Q2 25: $6.79BQ3 25: $7.41BQ3 25Q4 25: $8.76BQ1 26: $8.85BQ1 26Q2 26: $10.2BQ3 26: $10.8BQ3 26$10.8B
Show the numbers
Revenue by quarter
Q4 23$4.41B
Q1 24$4.33B
Q2 24$5.07B
Q3 24$5.31B
Q4 24$6.06B
Q1 25$5.93B
Q2 25$6.79B
Q3 25$7.41B
Q4 25$8.76B
Q1 26$8.85B
Q2 26$10.2B
Q3 26$10.8B
Operating income (loss) by year profit from the business before interest and taxes
2016: $181M20162017: $56.3M20172018: -$69.5M20182019: -$153M20192020: $128M20202021: $441M20212022: $1.07B20222023: $2.21B20232024: $2.63B20242025: $3.20B2025$3.20B
Show the numbers
Operating income (loss) by year
2016$181M
2017$56.3M
2018-$69.5M
2019-$153M
2020$128M
2021$441M
2022$1.07B
2023$2.21B
2024$2.63B
2025$3.20B
Free cash flow by year cash from operations minus spending on buildings and equipment
2016: $122M20162017: $214M20172018: $138M20182019: $314M20192020: $935M20202021: $392M20212022: $2.49B20222023: $4.63B20232024: $7.06B20242025: $10.8B2025$10.8B
Show the numbers
Free cash flow by year
2016$122M
2017$214M
2018$138M
2019$314M
2020$935M
2021$392M
2022$2.49B
2023$4.63B
2024$7.06B
2025$10.8B
Cash vs. debt

Cash and short-term investmentsDebt

2016 · Cash and short-term investments: $487M20162017 · Cash and short-term investments: $598M20172018 · Cash and short-term investments: $902M2018 · Debt: $602M20182019 · Cash and short-term investments: $2.98B2019 · Debt: $631M20192020 · Cash and short-term investments: $3.10B2020 · Debt: $861M20202021 · Cash and short-term investments: $3.40B2021 · Debt: $3.52B20212022 · Cash and short-term investments: $4.25B2022 · Debt: $4.76B20222023 · Cash and short-term investments: $6.04B2023 · Debt: $4.50B20232024 · Cash and short-term investments: $7.12B2024 · Debt: $5.71B20242025 · Cash and short-term investments: $6.30B2025 · Debt: $9.19B2025
Show the numbers
Cash and short-term investmentsDebt
2016$487Mn/a
2017$598Mn/a
2018$902M$602M
2019$2.98B$631M
2020$3.10B$861M
2021$3.40B$3.52B
2022$4.25B$4.76B
2023$6.04B$4.50B
2024$7.12B$5.71B
2025$6.30B$9.19B
How it makes money: Q3 2026 revenue by business segment; the thin line is a year earlier
  • Brazil$6B 56% +50% vs. a year ago
  • Mexico$2.43B 23% +47% vs. a year ago
  • Argentina$1.82B 17% +26% vs. a year ago
  • Other Countries$502M 5% +63% vs. a year ago

From the 10-Q filed Nov 5, 2026. Source.

Stock pay vs. buybacks

Stock-based pay to employeesSpent buying back shares

2020 · Spent buying back shares: $54M20202021 · Spent buying back shares: $486M20212022 · Spent buying back shares: $148M20222023 · Spent buying back shares: $356M20232024 · Spent buying back shares: $1M20242025 · Spent buying back shares: $1M2025
Show the numbers
Stock-based pay to employeesSpent buying back shares
2020n/a$54M
2021n/a$486M
2022n/a$148M
2023n/a$356M
2024n/a$1M
2025n/a$1M

If buybacks are smaller than stock pay, the buyback isn't shrinking the share count; it's soaking up shares handed to employees.

Compare MELI with other stocks →

From the company's own SEC filings via SEC EDGAR, latest period ended Sep 30, 2026. Numbers can be restated later. Not investment advice.

Dilution

Shares outstanding
Feb 2023: 50.3MMay 2023: 50.2MMay 2023Aug 2023: 50.1MNov 2023: 50.6MNov 2023Feb 2024: 50.7MMay 2024: 50.7MMay 2024Aug 2024: 50.7MNov 2024: 50.7MNov 2024Feb 2025: 50.7MMay 2025: 50.7MMay 2025Aug 2025: 50.7MOct 2025: 50.7MOct 2025Feb 2026: 50.7MMay 2026: 50.7MMay 2026Aug 2026: 50.7MNov 2026: 50.7MNov 202650.7M
Show the numbers
Shares outstanding
Feb 202350.3M
May 202350.2M
Aug 202350.1M
Nov 202350.6M
Feb 202450.7M
May 202450.7M
Aug 202450.7M
Nov 202450.7M
Feb 202550.7M
May 202550.7M
Aug 202550.7M
Oct 202550.7M
Feb 202650.7M
May 202650.7M
Aug 202650.7M
Nov 202650.7M

The share count is flat at 0% over the past year. What dilution means.

Insider trades

Insider buys, 12 months4$1.29M
Insider sales, 12 months3$2.31M

Bought or sold on the open market

DateWhoWhatSharesValueFiling
Jun 11, 2026Marcelo Melamud
SVP - Chief Accounting Officer		Bought on the market125$200KForm 4
May 22, 2026Alejandro Nicolas Aguzin
Director		Bought on the market
2 trades that day		600$994KForm 4
Feb 27, 2026Marcelo Melamud
SVP - Chief Accounting Officer		Bought on the market57$100KForm 4
Dec 12, 2025Henrique Vasoncelos Dubugras
Director		Sold on the market845$1.71MForm 4
Dec 11, 2025Emiliano Calemzuk
Director		Sold on the market45$91.2KForm 4
Dec 9, 2025Stelleo Tolda
Director		Sold on the market246$504KForm 4
Everything else: grants, option exercises, tax withholding (4)
DateWhoWhatSharesValueFiling
Jun 12, 2026Alejandro Nicolas Aguzin
Director		Grant or award94n/aForm 4
Jun 12, 2026Richard A Sanders
Director		Grant or award94n/aForm 4
Jun 12, 2026Martin R Lawson
Director		Grant or award94n/aForm 4
Jun 10, 2026Stelleo Tolda
Director		Gift250n/aForm 4

An insider buying with their own money is a stronger signal than a sale: people sell for taxes, houses and diversification. "Planned" sales were scheduled months ahead under a 10b5-1 plan. Source: SEC Form 4.

Famous investors who own it

InvestorQuarterSharesValueShare of fundChange
Chase Coleman (Tiger Global Management)Q2 26153K$260M1.1%Added (+13%)
Cathie Wood (ARK Investment Management)Q2 2622K$37.4M0.2%Trimmed (-8%)
Ray Dalio (founder) (Bridgewater Associates)Q2 2610K$17M<0.1%Trimmed (-32%)

From each fund's latest 13F, filed up to 45 days after the quarter ends, so it's old news by design. 13Fs only show US stock owned on the last day of the quarter: no short sales, and "added" or "trimmed" compares two snapshots, not actual trades. See what these funds bought and sold.

Failed trades

Failed trades (fails to deliver) shares that weren't delivered on time when a trade settled
May 14: 3May 18: 1May 21: 150May 21May 22: 170May 26: 103May 29: 4KJun 4: 30Jun 4Jun 8: 646Jun 17: 24Jun 22: 1Jun 23: 78Jun 23Jun 25: 887Jun 29: 8.5KJun 30: 85Jul 1: 29Jul 1Jul 2: 101Jul 6: 100Jul 9: 1Jul 10: 18Jul 10Jul 13: 312Jul 16: 233Jul 17: 234Jul 21: 2Jul 21Jul 24: 54Jul 30: 18Aug 3: 9Aug 24: 900Aug 24Sep 8: 100Sep 10: 160Sep 11: 462Oct 1: 1.6KOct 1Oct 6: 2.3KOct 7: 2.1KOct 9: 3Oct 13: 1Oct 131
Show the numbers
Failed trades (fails to deliver)
May 143
May 181
May 21150
May 22170
May 26103
May 294K
Jun 430
Jun 8646
Jun 1724
Jun 221
Jun 2378
Jun 25887
Jun 298.5K
Jun 3085
Jul 129
Jul 2101
Jul 6100
Jul 91
Jul 1018
Jul 13312
Jul 16233
Jul 17234
Jul 212
Jul 2454
Jul 3018
Aug 39
Aug 24900
Sep 8100
Sep 10160
Sep 11462
Oct 11.6K
Oct 62.3K
Oct 72.1K
Oct 93
Oct 131

From the SEC's fails-to-deliver data, which runs two to four weeks behind. A spike can mean heavy short selling or just back-office delays; it isn't proof of anything on its own. Short interest isn't shown: FINRA's terms don't allow republishing it.

Share offerings

Selling new shares dilutes current owners. A "shelf" is permission to sell later; a 424B5 usually means a sale is actually happening.

What they told the SEC, in plain English

Every 8-K (the report a company files when something big happens) in the last two years. Red ones are worth a closer look: auditor changes, restatements, late reports, listing problems.

What changed in the latest annual report

Comparing the risk factors in the 10-K filed Feb 25, 2026 with the one filed Feb 21, 2025: 1 new and 3 removed, out of 52.

New this year

  • Any use of AI/ML technologies in our operations may present additional labor, legal, regulatory, and social risks, which could lead to additional costs and impact our competitive position
Dropped from last year (3)
  • We may require additional capital in the future, and this additional capital may not be available on acceptable terms or at all
  • Shares eligible for future sale may cause the market price of our common stock to drop significantly, even if our business is doing well
  • We cannot guarantee that any share repurchase program will be fully consummated or will enhance stockholder value, and share repurchases could increase the volatility of our stock prices and diminish our cash reserves

Matched by each risk's headline, so a reworded risk can show up as new. This year's report · last year's.

Search inside MercadoLibre's filings

Opens the SEC's own full-text search in a new tab, limited to MELI. Every MELI filing on EDGAR.