MercadoLibre, Inc.

NasdaqGS-MELI

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Operating Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Net Income	2,077	2,053	2,061	1,911	1,437	1,399
Net Income
Depreciation & Amortization	732	680	635	617	600	578
Depreciation and Amortization
Share-Based Compensation Expense	303	322	285	261	255	211
Stock-Based Compensation Expense - Restricted Shares
Long Term Retention Program Accrued Compensation
Other Adjustments	2,276	2,243	1,944	1,709	1,468	1,416.5
Equity in Earnings of Unconsolidated Entity
Unrealized Foreign Currency Losses, Net
Impairment of Long-Lived Assets
Loss on Deconsolidation of Venezuelan Subsidiaries
Impairment of Digital Assets
Accrued Interest and Financial Income
Non Cash Interest Expense and Amortization of Debt Issuance Costs and Other Charges
Provision for Doubtful Accounts
Provision for Contingencies
Results on Derivative Instruments
Sale of Fixed Assets and Intangible Assets
Results on Digital Assets at Fair Value
Deferred Income Taxes
Changes in Trade Receivables	-2,275	-2,716	-2,333	-2,687	-2,521	-2,603
Accounts Receivable
Change in Credit Card Receivables and Other Means of Payments
Changes in Inventories	-190	-168	-170	-113	-94	-48
Inventories
Changes in Accounts Payable	6,906	6,357	5,267	6,413	5,718	5,396
Payables and Accrued Expenses
Funds Payable to Customers
Amounts Payable Due to Credit and Debit Card Transactions
Changes in Other Operating Activities	147	-311	-264	-193	178	74
Change in Prepaid Expenses
Other Assets
Other Liabilities
Interest Received from Investments
Cash from Operating Activities	9,831	8,472	7,437	7,918	6,922	6,263
Net Cash Provided by Operating Activities

Investing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Capital Expenditure	-1,221	-1,087	-984	-860	-1,064	-1,095.5
Purchases of Property and Equipment
Advance for Property and Equipment
Investments in Property and Equipment, Intangible Assets and Intangible Assets at Fair Value
Purchases of Intangible Assets	—	—	—	—	—	—
Purchases of Intangible Assets
Purchases of Investments	-14,210	-14,441	-16,857	-16,710	-15,779	-17,608
Purchases of Investments
Proceeds from Sale of Investments	15,115	13,271	14,139	13,962	13,342	15,671
Proceeds from Sale and Maturity of Investments
Payments for Business Acquisitions	—	—	—	-6	—	—
Payments for Acquired Businesses, Net of Cash Acquired
Other Investing Activities	-5,983	-5,539	-4,988.5	-4,673	-3,921.5	-3,222.5
Reduction of Cash Due to Venezuela Deconsolidation
Capital Contributions in Joint Ventures
Receipts from Settlements of Derivative Instruments
Payments from Settlements of Derivative Instruments
Changes in Loans Receivable, Net
Cash from Investing Activities	-6,306	-7,803	-8,663	-8,287	-7,073	-5,795
Net Cash Provided by Investing Activities

Financing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Issuance of Long-Term Debt	37,600	30,874	24,884	19,472	18,148	19,969
Funds Received from the Issuance of Convertible Notes
Proceeds from Loans Payable and Other Financial Liabilities
Repayments of Long-Term Debt	-35,267	-28,262	-22,408	-17,461	-16,822	-19,092
Transaction Costs from the Issuance of Convertible Notes
Payments on Convertible Note
Payments on Loans Payable and Other Financing Liabilities
Exercise of Convertible Notes
Payments on Repurchase of the 2028 Notes
Net Issuance / (Repayments) of Long-Term Debt	2,333	2,612	2,476	2,011	1,326	877
Issuance of Common Shares	—	—	—	—	—	—
Proceeds from Issuance of Common Stock, Net
Unwind of Convertible Note Capped Calls
Repurchases of Common Shares	—	—	—	-1	—	—
Common Stock Repurchased
Net Issuance / (Repurchases) of Common Shares	—	—	—	-1	—	—
Issuance of Preferred Shares	—	—	—	—	—	—
Proceeds from Issuance of Convertible Redeemable Preferred Stock, Net
Net Issuance / (Repurchases) of Preferred Shares	—	—	—	—	—	—
Common Share Dividends Paid	—	—	—	—	—	—
Dividends Paid
Preferred Share Dividends Paid	—	—	—	—	—	—
Dividends Paid of Preferred Stock
Other Financing Activities	-53	-51	-51	-51	-50	-46
Payments of Finance Lease Liabilities
Purchase of Convertible Note Capped Calls
Cash from Financing Activities	2,279	2,561	2,424	1,959	1,275	681
Net Cash Provided by Financing Activities

Free Cash Flow	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Free Cash Flow	8,610	7,385	6,453	7,058	5,858	5,167.5
NOPAT	2,306	2,250.3	2,223.1	2,067.4	1,623.9	1,738.9
Levered Free Cash Flow	10,784	10,136	9,021	9,786	8,101	7,180.5
Unlevered Free Cash Flow	8,680	7,721.3	6,707.1	7,931.4	6,961.9	6,643.4
Net Change in Cash	5,804	3,230	1,198	1,590	1,124	1,149