MercadoLibre Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $28.89B | $20.78B | $15.11B | $10.78B | $7.07B | $3.97B | $2.30B | $1.44B |
| Cost of Revenue | $16.04B | $11.20B | $7.52B | $5.58B | $4.06B | $2.27B | $1.19B | $742.6M |
| Gross Profit | $12.86B | $9.58B | $7.59B | $5.20B | $3.01B | $1.71B | $1.10B | $697.0M |
| Gross Margin | 44.5% | 46.1% | 50.2% | 48.2% | 42.5% | 43.0% | 48.0% | 48.4% |
| Operating Expenses | ||||||||
| Research & Development | $2.27B | $1.93B | $1.83B | $1.10B | $590.0M | $353.0M | $223.8M | $146.3M |
| SG&A Expense | $1.08B | $963.0M | $766.0M | $661.0M | $465.0M | $327.0M | $197.5M | $137.8M |
| Operating Income | $3.20B | $2.63B | $2.21B | $1.07B | $441.0M | $128.0M | $-153.2M | $-69.5M |
| Operating Margin | 11.1% | 12.7% | 14.6% | 9.9% | 6.2% | 3.2% | -6.7% | -4.8% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $2.84B | $2.43B | $1.55B | $780.0M | $241.0M | $81.0M | $-107.2M | $-65.5M |
| Income Tax Expense | $845.0M | $521.0M | $569.0M | $298.0M | $149.0M | $82.0M | $64.8M | $-28.9M |
| Net Income | $2.00B | $1.91B | $987.0M | $482.0M | $83.0M | $-1.0M | $-172.0M | $-36.6M |
| Net Margin | 6.9% | 9.2% | 6.5% | 4.5% | 1.2% | 0.0% | -7.5% | -2.5% |
| EPS (Basic) | $39.40 | $37.69 | $19.64 | $9.57 | $1.67 | $-0.08 | $-3.71 | $-0.82 |
| EPS (Diluted) | $39.40 | $37.69 | $19.46 | $9.53 | $1.67 | $-0.08 | $-3.71 | $-0.82 |
| Shares Outstanding (Basic) | 50.7M | 50.7M | 50.3M | 50.3M | 49.8M | 49.7M | 48.7M | 44.5M |
| Shares Outstanding (Diluted) | 50.7M | 50.7M | 51.0M | 51.3M | 49.8M | 49.7M | 48.7M | 44.5M |
| Dividends Per Share | — | — | — | — | — | — | — | — |