MercadoLibre, Inc.
Income Statement
| Line Item | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.07B | $4.33B | $4.41B | $3.93B | $3.59B | $3.19B | $3.00B | $2.69B |
| Cost of Revenue | $2.71B | $2.31B | $2.36B | $1.83B | $1.75B | $1.57B | $1.75B | $1.34B |
| Gross Profit | $2.37B | $2.02B | $2.05B | $2.10B | $1.83B | $1.61B | $1.46B | $1.35B |
| Gross Margin | 46.6% | 46.7% | 46.5% | 53.3% | 51.1% | 50.7% | 48.6% | 50.1% |
| Operating Expenses | ||||||||
| Research & Development | $460.0M | $458.0M | $686.0M | $396.0M | $368.0M | $381.0M | $325.0M | $278.0M |
| SG&A Expense | $218.0M | $186.0M | $201.0M | $196.0M | $189.0M | $180.0M | $176.0M | $153.0M |
| Operating Income | $726.0M | $528.0M | $335.0M | $785.0M | $669.0M | $418.0M | $384.0M | $296.0M |
| Operating Margin | 14.3% | 12.2% | 7.6% | 20.0% | 18.7% | 13.1% | 12.8% | 11.0% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $668.0M | $481.0M | $230.0M | $531.0M | $472.0M | $320.0M | $308.0M | $198.0M |
| Income Tax Expense | $137.0M | $137.0M | $65.0M | $172.0M | $210.0M | $122.0M | $144.0M | $69.0M |
| Net Income | $531.0M | $344.0M | $165.0M | $359.0M | $262.0M | $201.0M | $165.0M | $129.0M |
| Net Margin | 10.5% | 7.9% | 3.7% | 9.1% | 7.3% | 6.3% | 5.5% | 4.8% |
| EPS (Basic) | $10.48 | $6.78 | $3.26 | $7.18 | $5.22 | $4.01 | $3.28 | $2.57 |
| EPS (Diluted) | $10.48 | $6.78 | $3.25 | $7.16 | $5.16 | $3.97 | $3.25 | $2.56 |
| Shares Outstanding (Basic) | 50.7M | 50.7M | 50.6M | 50.0M | 50.2M | 50.2M | 50.3M | 50.3M |
| Shares Outstanding (Diluted) | 50.7M | 50.7M | 50.7M | 50.2M | 51.2M | 51.2M | 51.3M | 51.3M |
| Dividends Per Share | — | — | — | — | — | — | — | — |