MercadoLibre, Inc. operates online commerce platforms in Latin America. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases online; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps. The company also offers Mercado Fondo that allows users to invest funds deposited in their Mercado Pago accounts; Mercado Credito, which extends loans to certain merchants and consumers; and Mercado Envios logistics solution that enables sellers on its platform to utilize third-party carriers and other logistics service providers, as well as fulfillment and warehousing services for sellers. In addition, it provides Mercado Libre Classifieds, an online classified listing service, where users can list and purchase motor vehicles, real estate, and services; Mercado Libre Ads, an advertising platform, which enables large retailers and brands to promote their products and services on the Internet; and Mercado Shops, an online storefronts solution that enables users to set-up, manage, and promote their own digital stores. MercadoLibre, Inc. was incorporated in 1999 and is headquartered in Montevideo, Uruguay.

MercadoLibre, Inc.

Net Service Revenues and Financial Income

Net Service Revenues and Financial Income %Chg

Net Service Revenues and Financial Income Common Size

Net Product Revenues

Net Product Revenues %Chg

Net Product Revenues Common Size

Net Revenues and Financial Income

Net Revenues and Financial Income %Chg

Net Revenues and Financial Income Common Size

Cost of Net Revenues and Financial Expenses

Cost of Net Revenues and Financial Expenses %Chg

Cost of Net Revenues and Financial Expenses Common Size

Gross Profit

Gross Profit %Chg

Gross Profit Common Size

Product and Technology Development

Product and Technology Development %Chg

Product and Technology Development Common Size

Sales and Marketing

Sales and Marketing %Chg

Sales and Marketing Common Size

Provision for Doubtful Accounts

Provision for Doubtful Accounts %Chg

Provision for Doubtful Accounts Common Size

General and Administrative

General and Administrative %Chg

General and Administrative Common Size

Compensation Cost Related to Acquisitions

Compensation Cost Related to Acquisitions %Chg

Compensation Cost Related to Acquisitions Common Size

Impairment of Long-Lived Assets

Impairment of Long-Lived Assets %Chg

Impairment of Long-Lived Assets Common Size

Loss on Deconsolidation of Venezuelan Subsidiaries

Loss on Deconsolidation of Venezuelan Subsidiaries %Chg

Loss on Deconsolidation of Venezuelan Subsidiaries Common Size

Total Operating Expenses

Total Operating Expenses %Chg

Total Operating Expenses Common Size

Income from Operations

Income from Operations %Chg

Income from Operations Common Size

Interest Income and Other Financial Gains

Interest Income and Other Financial Gains %Chg

Interest Income and Other Financial Gains Common Size

Interest Expense and Other Financial Losses

Interest Expense and Other Financial Losses %Chg

Interest Expense and Other Financial Losses Common Size

Foreign Currency Losses, Net

Foreign Currency Losses, Net %Chg

Foreign Currency Losses, Net Common Size

Other Income, Net

Other Income, Net %Chg

Other Income, Net Common Size

Other Gains, Net

Other Gains, Net %Chg

Other Gains, Net Common Size

Other Losses Net

Other Losses Net %Chg

Other Losses Net Common Size

Net Income Before Income Tax Expense and Equity in Earnings of Unconsolidated Entity

Net Income Before Income Tax Expense and Equity in Earnings of Unconsolidated Entity %Chg

Net Income Before Income Tax Expense and Equity in Earnings of Unconsolidated Entity Common Size

Net Income Before Income Tax Expense

Net Income Before Income Tax Expense %Chg

Net Income Before Income Tax Expense Common Size

Income Tax Expense

Income Tax Expense %Chg

Income Tax Expense Common Size

Net Income Before Cumulative Effect of Change in Accounting Principle

Net Income Before Cumulative Effect of Change in Accounting Principle %Chg

Net Income Before Cumulative Effect of Change in Accounting Principle Common Size

Cumulative Effect of Change in Accounting Principle

Cumulative Effect of Change in Accounting Principle %Chg

Cumulative Effect of Change in Accounting Principle Common Size

Net Income Attributable to MercadoLibre, Inc. Shareholders

Net Income Attributable to MercadoLibre, Inc. Shareholders %Chg

Net Income Attributable to MercadoLibre, Inc. Shareholders Common Size

Equity in Earnings of Unconsolidated Entity

Equity in Earnings of Unconsolidated Entity %Chg

Equity in Earnings of Unconsolidated Entity Common Size

Net Income

Net Income %Chg

Net Income Common Size

Accretion of Preferred Stock

Accretion of Preferred Stock %Chg

Accretion of Preferred Stock Common Size

Less: Net Income Attributable to Redeemable Noncontrolling Interest

Less: Net Income Attributable to Redeemable Noncontrolling Interest %Chg

Less: Net Income Attributable to Redeemable Noncontrolling Interest Common Size

Basic Net Income Available to Shareholders per Common Share

Basic Net Income Available to Shareholders per Common Share %Chg

Basic Net Income Available to Shareholders per Common Share Common Size

Basic Net Income Available to Common Shareholders per Common Share

Basic Net Income Available to Common Shareholders per Common Share %Chg

Basic Net Income Available to Common Shareholders per Common Share Common Size

Weighted Average of Outstanding Common Shares

Total Revenues

Total Revenues %Chg

Total Revenues Common Size

Cost of Sales

Cost of Sales %Chg

Cost of Sales Common Size

Gross Profit Margin

Gross Profit Margin %Chg

Gross Profit Margin Common Size

Selling, General & Administrative Expenses

Selling, General & Administrative Expenses %Chg

Selling, General & Administrative Expenses Common Size

Research & Development Expenses

Research & Development Expenses %Chg

Research & Development Expenses Common Size

Other Operating Expenses

Other Operating Expenses %Chg

Other Operating Expenses Common Size

Operating Profit

Operating Profit %Chg

Operating Profit Common Size

Operating Margin

Operating Margin %Chg

Operating Margin Common Size

Interest and Investment Income

Interest and Investment Income %Chg

Interest and Investment Income Common Size

Interest Expense

Interest Expense %Chg

Interest Expense Common Size

Non-Operating Income

Non-Operating Income %Chg

Non-Operating Income Common Size

Total Non-Operating Income

Total Non-Operating Income %Chg

Total Non-Operating Income Common Size

Income Before Provision for Income Taxes

Income Before Provision for Income Taxes %Chg

Income Before Provision for Income Taxes Common Size

Revenue

EBIT

EBITDA

CapEx

Net Interest Income

Assets

Adjusted EBITDA

Adjusted Net Income

Net Revenue

Average Assets

Adjusted EBIT

Adjusted Revenue

Adjusted EBT

Adjusted Funds From Operations

Income Statement	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Total Revenues	26,193	20,777	15,107	10,780	7,069	3,974	2,296.3	1,439.7	1,216.5	844.4	651.8
Total Revenues %Chg	36.9%	37.5%	40.1%	52.5%	77.9%	73.1%	59.5%	18.3%	44.1%	29.6%	17.1%
Net Revenues and Financial Income
Cost of Sales	14,370	11,200	7,517	5,582	4,064	2,265	1,194.2	742.6	496.9	307.5	215
Cost of Net Revenues and Financial Expenses
Gross Profit	11,823	9,577	7,590	5,198	3,005	1,709	1,102.1	697	719.6	536.9	436.8
Gross Profit
Gross Profit Margin	45.1%	46.1%	50.2%	48.2%	42.5%	43%	48%	48.4%	59.2%	63.6%	67%
Selling, General & Administrative Expenses	6,494	5,012	3,552	3,030	1,974	1,228	1,031.5	620.2	447.6	243.6	205
Sales and Marketing
Provision for Doubtful Accounts
General and Administrative
Research & Development Expenses	2,197	1,934	1,831	1,099	590	353	223.8	146.3	127.2	98.5	76.4
Product and Technology Development
Other Operating Expenses	—	—	—	—	—	—	—	—	88.6	13.7	16.2
Compensation Cost Related to Acquisitions
Impairment of Long-Lived Assets
Loss on Deconsolidation of Venezuelan Subsidiaries
Operating Profit	3,132	2,631	2,207	1,069	441	128	-153.2	-69.5	56.3	181.1	139.2
Income from Operations
Operating Margin	12%	12.7%	14.6%	9.9%	6.2%	3.2%	-6.7%	-4.8%	4.6%	21.4%	21.4%
Interest and Investment Income	171	148	135	44	138	103	113.5	42	45.9	35.4	20.6
Interest Income and Other Financial Gains
Interest Expense	-158	-165	-174	-135	-229	-107	-65.9	-56.2	-26.5	-25.6	-20.4
Interest Expense and Other Financial Losses
Non-Operating Income	-324	-182	-612	-198	-118	-43	-1.7	18.2	-21.6	-5.6	11.1
Foreign Currency Losses, Net
Other Income, Net
Other Gains, Net
Other Losses Net
Equity in Earnings of Unconsolidated Entity
Total Non-Operating Income	-311	-199	-651	-289	-209	-47	45.9	4	-2.2	4.3	11.3
Income Before Provision for Income Taxes	2,821	2,432	1,553	780	241	81	-107.2	-65.5	54.1	185.3	150.5
Net Income Before Income Tax Expense
Net Income Before Income Tax Expense and Equity in Earnings of Unconsolidated Entity
Provision for Income Taxes	744	521	569	298	149	82	64.8	-28.9	40.3	49	44.7
Income Tax Expense
Consolidated Net Income	2,077	1,911	987	482	83	-1	-172	-36.6	13.8	136.4	105.8
Net Income
Net Income Attributable to Minority Interests and Other	—	—	—	—	—	—	—	—	—	—	—
Less: Net Income Attributable to Redeemable Noncontrolling Interest
Net Income Attributable to Preferred Dividends	—	—	—	—	—	—	—	—	—	—	—
Accretion of Preferred Stock
Net Income Attributable to Common Shareholders	2,077	1,911	987	482	83	-1	-172	-36.6	13.8	136.4	105.8
Net Income
Less: Net Income Attributable to Redeemable Noncontrolling Interest
Accretion of Preferred Stock
Basic EPS	—	37.7	19.6	9.6	1.7	-0.1	-3.7	-0.8	0.3	3.1	2.4
Diluted EPS	—	37.7	19.5	9.5	1.7	-0.1	-3.7	-0.8	0.3	3.1	2.4
Basic Weighted Average Shares Outstanding	50.7	50.7	50.3	50.3	49.8	49.7	48.7	44.5	44.2	44.2	44.2
Total Shares Outstanding	50.7	50.7	50.7	50.3	50.4	49.9	49.7	45.2	44.2	44.2	44.2
Diluted Weighted Average Shares Outstanding	50.7	50.7	51	51.3	49.8	49.7	48.7	44.5	44.2	44.2	44.2
EBITDA	3,864	3,248	2,731	1,472	645	233	-79.8	-23.7	97.2	210.1	162.4
Effective Tax Rate	26.4%	21.4%	36.6%	38.2%	61.8%	101.2%	-60.4%	44.1%	74.5%	26.4%	29.7%