MercadoLibre, Inc.

NasdaqGS-MELI

OverviewFinancialsInvestor RelationsResearchEstimatesNewsOwnershipIndustryDividendsModelingFilings

Operating Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Net Income	1,017	1,036	875	524	463	294
Net Income
Depreciation & Amortization	371	309	308	270	254	219
Depreciation and Amortization
Share-Based Compensation Expense	188	134	127	84	83	49
Stock-Based Compensation Expense - Restricted Shares
Long Term Retention Program Accrued Compensation
Other Adjustments	1,181	1,074	635	621	791	690
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	-1,057	-1,659	-1,028	-1,575	162	-481
Accounts Receivable
Change in Credit Card Receivables and Other Means of Payments
Changes in Inventories	-100	-68	-45	-3	-66	33
Inventories
Changes in Accounts Payable	2,474	3,883	2,530	2,866	554	1,390
Payables and Accrued Expenses
Funds Payable to Customers
Amounts Payable Due to Credit and Debit Card Transactions
Changes in Other Operating Activities	-126	-185	-8	82	30	72
Change in Prepaid Expenses
Other Assets
Other Liabilities
Interest Received from Investments
Cash from Operating Activities	3,948	4,524	3,394	2,869	2,271	2,266
Net Cash Provided by Operating Activities

Investing Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Capital Expenditure	-559	-528	-332	-306	-203	-219
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	—	—	—	—	—	1
Purchases of Intangible Assets
Purchases of Investments	-6,449	-7,992	-8,718	-8,890	-10,046	-6,504
Purchases of Investments
Proceeds from Sale of Investments	6,803	6,468	7,494	8,177	9,923	5,980
Proceeds from Sale and Maturity of Investments
Payments for Business Acquisitions	—	-6	—	—	—	—
Payments for Acquired Businesses, Net of Cash Acquired
Other Investing Activities	-2,862	-2,678	-1,995	-1,225	-880	-568
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	-3,067	-4,736	-3,551	-2,244	-1,206	-1,310
Net Cash Provided by Investing Activities

Financing Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Issuance of Long-Term Debt	18,725	12,149	7,323	12,646	12,317	9,702
Funds Received from the Issuance of Convertible Notes
Proceeds from Loans Payable and Other Financial Liabilities
Repayments of Long-Term Debt	-17,621	-10,641	-6,820	-12,272	-12,569	-9,287
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	1,104	1,508	503	374	-252	415
Issuance of Common Shares	—	—	—	—	—	—
Proceeds from Issuance of Common Stock, Net
Unwind of Convertible Note Capped Calls
Repurchases of Common Shares	—	—	-1	-149	-207	-74
Common Stock Repurchased
Net Issuance / (Repurchases) of Common Shares	—	—	-1	-149	-207	-74
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	-26	-25	-26	-20	-13	-11
Payments of Finance Lease Liabilities
Purchase of Convertible Note Capped Calls
Cash from Financing Activities	1,078	1,483	476	205	-472	330
Net Cash Provided by Financing Activities

Free Cash Flow	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Free Cash Flow	3,389	3,996	3,062	2,563	2,068	2,047
NOPAT	1,135.7	1,111.9	955	771.2	631.3	502.1
Levered Free Cash Flow	4,181	5,955	3,831	3,807	780	2,204
Unlevered Free Cash Flow	3,195.7	4,522.9	3,408	3,680.2	1,200.3	1,997.1
Net Change in Cash	1,959	1,271	319	830	593	1,286