MercadoLibre, Inc. (MELI)

NASDAQ: MELI · USD

$1,672

-8.74 (-0.5%)· Recorded snapshot

StockMarketAgent Research · Analyzed 2026-05-20

Our latest published analysis: MELI rated Strong Buy

MercadoLibre, Inc.'s published Strong Buy conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$2,600 / share

Potential value

$4,151 / share

Upside to FV

+63.0%

from $1,672

Moat

9/10

Wide

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$80.9B
Revenue (ttm)	35.2B
Net income (ttm)	1.9B
EPS (ttm)	$36.7
Shares out	50.7M
P/E (trailing)	45.5x
P/E (forward)	26.9x
Volume	477,290
Beta	1.31

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 35.2B
Net income (ttm): 1.9B
EPS (ttm): $36.7
P/E (trailing): 45.5x
P/E (forward): 26.9x
Market cap: $80.9B

Item	P1	P2	P3	P4	Trend
Period	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$10.78B	$15.11B	$20.78B	$28.89B	+38.9%
Gross profit	$5.20B	$7.59B	$9.58B	$12.86B	+35.2%
Operating income	$915.0M	$1.73B	$2.60B	$3.00B	+48.6%
Net income	$482.0M	$987.0M	$1.91B	$2.00B	+60.6%
EPS (diluted)	$9.53	$19.46	$37.69	$39.40	+60.5%
EBITDA	$1.32B	$2.25B	$3.21B	$3.82B	+42.6%
R&D	$1.10B	$1.83B	$1.93B	$2.27B	+27.3%
SG&A	$1.96B	$2.50B	$3.15B	$4.30B	+30.0%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
ALNY	Alnylam Pharmaceuticals, Inc.	31.1B	41.4x	6.4x	96.6%	+47.5%	-52.1%	Strong Buy
ARGX	argenx SE	56.1B	31.5x	9.4x	57.0%	+63.3%	+7.5%	Strong Buy
AXON	Axon Enterprise Inc.	34.4B	176.1x	10.6x	1.2%	+31.9%	-43.4%	Sell
ABNB	Airbnb, Inc.	97.8B	37.5x	7.4x	16.8%	+24.4%	+28.5%	Sell
AMZN	Amazon.com Inc.	2.7T	20.5x	3.5x	11.9%	+11.8%	+12.2%	Sell
APTV	Aptiv PLC	9.1B	42.8x	0.4x	7.8%	+5.5%	-49.2%	Buy

Base and Bull scenarios

Bull25%

Price target

$4,150.74

+160.3% from spot

Hyper-scaling of high-margin services leads to massive margin expansion and premium multiple retention.

Advertising margins exceed 20% of segment revenue.
E-commerce penetration doubles in major markets.
Currency stability allows full EPS translation.

Base50%

Price target

$2,600.22

+63.0% from spot

MercadoLibre maintains its undisputed leadership while gradually improving operating leverage.

Revenue CAGR remains above 25%.
Logistics network maintains 80%+ shipment share.
Macro conditions remain volatile but manageable.

Sensitivity: Ke × terminal growth

The highlighted base cell is anchored to valuation synthesis sensitivity reference ($2,600.21). It is the reference value for this grid, not a separate standalone fair-value claim.

Ke ↓ / g →	2.5%	3.0%	3.5%	4.0%	4.5%
8.6%	$3,030	$3,303	$3,630	$4,029	$4,526
9.6%	$2,600	$2,799	$3,030	$3,303	$3,630
10.6%	$2,277	$2,428	$2,600	$2,799	$3,030
11.6%	$2,026	$2,144	$2,277	$2,428	$2,600
12.6%	$1,824	$1,920	$2,026	$2,144	$2,277

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E27

P25 n/aP50 n/aP75 n/a

Trailing P/E42

P25 n/aP50 n/aP75 n/a

ROE27.5

P25 n/aP50 n/aP75 n/a

ROIC14.2

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All MELI indicators

Market & fundamental data

Available fields

273

Groups with data

Currency

USD

Showing 273 of 273 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001099590
Company name	MercadoLibre, Inc.
Country	Uruguay
Country code	US
CUSIP number	58733R102
Earnings date	2026-11-10
Earnings time	amc
Employees	123,670
Employees change	105,388
Employees growth	576.46%
Enterprise value	$92.2B
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	1999
In index	NASDAQ100
Industry	Internet Retail
IPO date	2007-08-10
Is primary listing	Yes
Is SPAC	No
ISIN number	US58733R1023
Last 10-K release date	2026-02-25
Last earnings date	2026-08-05
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$84.8B
Market cap category	Large-Cap
Next earnings date	2026-11-10
Options	Yes
Price	$1,671.78
Price currency	USD
Sector	Consumer Discretionary
SIC code	7389
Stock price date	2026-10-28
Symbol	MELI
Website	https://www.mercadolibre.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	45.47x
Average P/E ratio (10Y)	307.35x
Average P/E ratio (3Y)	58.52x
Average P/E ratio (5Y)	176.59x
Earnings yield	2.2%
EV/Earnings	49.39x
EV/EBIT	31.65x
EV/EBITDA	23.64x
EV/FCF	7.41x
EV/Sales	2.62x
FCF / EV yield	13.49%
FCF yield	14.68%
Forward EV/Sales	1.94x
Forward P/E	40.3x
Forward P/S	1.78x
Graham number	357.44333
Graham upside	-78.57%
Industry forward P/E	22.55x
Industry P/E	20.58x
Lynch fair value	$918.69
Lynch upside	-44.91%
P/(FCF - SBC) ratio	6.97x
P/(OCF - SBC) ratio	6.21x
P/B ratio	10.88x
P/E ratio	45.49x
P/FCF ratio	6.81x
P/OCF ratio	6.08x
P/S ratio	2.4x
PEG ratio	1.43x
Price / tangible book value	11.07x
Price/EBITDA ratio	21.72x
Sector forward P/E	24.39x
Sector P/E	30.5x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	8.26%
EBITDA margin	11.06%
Effective tax rate	28.48%
FCF margin	35.27%
Gross margin	47.75%
Operating margin	8.26%
Pretax margin	7.4%
Profit margin	5.3%
Profit per employee	$15,064
Profitable quarters	18
Profitable years	5
Revenue per employee	$284,483
ROA	4.31%
ROA (5Y)	6.29%
ROCE	19.4%
ROE	27.5%
ROE (5Y)	32.34%
ROIC	14.2%
ROIC (5Y)	32.48%
SBC / revenue	0.8%
Tax / revenue	2.11%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	-9.24%
EPS growth (Q)	-10.86%
EPS growth (QoQ)	11.73%
EPS growth 10Y	28.65%
EPS growth 3Y	35.28%
EPS growth years	6
FCF growth	68.03%
FCF growth (Q)	22.47%
FCF growth (QoQ)	78.55%
FCF growth 3Y	44.46%
FCF growth 5Y	127.94%
Gross profit growth	35.26%
Gross profit growth (Q)	34.42%
Gross profit growth 3Y	33.52%
Gross profit growth 5Y	44.79%
Net income growth	-9.26%
Net income growth (Q)	-10.9%
Net income growth (QoQ)	11.75%
Net income growth 3Y	35.01%
Net income growth years	6
OCF growth	64.13%
OCF growth (Q)	25.54%
OCF growth (QoQ)	76.48%
OCF growth 10Y	55.39%
OCF growth 3Y	45.26%
OCF growth 5Y	86.46%
Operating income growth	-1.96%
Operating income growth (Q)	-17.21%
Operating income growth 3Y	18.82%
Operating income growth 5Y	55.29%
Revenue growth	46.01%
Revenue growth (Q)	49.76%
Revenue growth (QoQ)	14.97%
Revenue growth 10Y	47.81%
Revenue growth 3Y	41.33%
Revenue growth 5Y	44.81%
Revenue growth quarters	78
Revenue growth years	21

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-1.5B
Depreciation and amortization	$985M
EBIT	$2.9B
EBITDA	$3.9B
EPS	$36.75
FCF per share	$244.77
Financing cash flow	$2.9B
Free cash flow	$12.4B
Free cash flow minus SBC	$12.1B
Gross profit	$16.8B
Income taxes	$742M
Investing cash flow	$-7.3B
Net borrowing	$2.9B
Net cash flow	$9.9B
Net income	$1.9B
Operating cash flow minus SBC	$13.6B
Operating income	$2.9B
Revenue	$35.2B
Stock-based compensation	$280M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	2.58
Book value per share	$154.53
Debt / EBITDA	2.97
Debt / equity	1.69
Debt / FCF	1.06
Goodwill	$168M
Interest coverage	13.71
Long-term assets	$10.6B
Long-term liabilities	$7.2B
Net cash (debt)	$-7.5B
Net cash / market cap	-8.83%
Net debt / EBITDA	1.92
Net debt / equity	0.95
Net debt / FCF	0.6
Piotroski F-Score	4
Property, plant and equipment	$5.3B
Shareholders' equity	$7.8B
Tangible book value	$7.6B
Tangible book value per share	$150.62
Total assets	$51.4B
Total cash	$5.7B
Total debt	$13.2B
Total liabilities	$43.5B
WACC	10.05%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.83
Current assets	$40.8B
Current liabilities	$36.4B
Current ratio	1.12
Inventory turnover	29.27
Net working capital	$5.7B
Quick ratio	0.4
Working capital	$4.4B
Working capital turnover	8.07

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Dividend growth (3Y)	-3.32%
Dividend growth (5Y)	6.59%
Dividend per share	$0.00
Dividend yield	0%
Last dividend	$0.15

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	883.62%
10Y return CAGR	25.73%
10Y total return	886.84%
150-day SMA	$1,782.91
15Y price change	2,315.07%
15Y return CAGR	23.88%
15Y total return	2,383.79%
1D price change	-0.52%
1M price change	-4.91%
1M total return	-4.91%
1W price change	-11.33%
1W total return	-11.33%
1Y price change	-26.98%
1Y return CAGR	-26.99%
1Y total return	-26.98%
20-day SMA	$1,812.16
200-day SMA	$1,817.75
3M price change	-8.41%
3M total return	-8.41%
3Y price change	38.84%
3Y return CAGR	11.56%
3Y total return	38.84%
50-day SMA	$1,851.42
50-day SMA vs 200-day SMA	50over200
52-week high	$2,428.00
52-week high date	2025-10-30
52-week low	$1,495.00
52-week low date	2026-05-13
5Y price change	11.11%
5Y return CAGR	2.13%
5Y total return	11.11%
6M price change	-9.39%
6M total return	-9.39%
All-time high	$2,645.22
All-time high date	2025-07-01
All-time low	$7.91
All-time low date	2008-11-21
Average true range (ATR)	$64.04
Average volume	574.7K
Beta (1Y)	1.27
Beta (2Y)	0.9
Beta (5Y)	1.31
Change from 52-week high	-31.15%
Change from 52-week low	11.83%
Change from all-time high	-36.99%
Change from all-time low	20,970.04%
Change from open	-0.61%
Day's gap	0.09%
Dollar volume	$797.9M
High price	$1,691.19
Low price	$1,655.27
Monthly RSI	43.78
Open price	$1,682.05
Position in 52-week range	45.96%
Premarket change	-0.09%
Premarket close	$1,680.51
Premarket price	$1,679.00
Premarket volume	4.4K
Previous close	$1,680.51
Price vs 150-day SMA	-6.52%
Price vs 20-day SMA	-8.03%
Price vs 200-day SMA	-8.31%
Price vs 50-day SMA	-9.98%
Relative volume	0.83
RSI	33.17
Sharpe ratio	-0.67
Sharpe ratio (3Y)	0.39
Sharpe ratio (5Y)	0.18
Sortino ratio	-0.76
Sortino ratio (3Y)	0.69
Sortino ratio (5Y)	0.37
Volume	477.3K
Weekly RSI	42.21
YTD price change	-17.26%
YTD total return	-17.26%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	50.6M
Float percentage	99.78%
Shares change (QoQ)	0%
Shares held by insiders	0.22%
Shares held by institutions	84.66%
Shares outstanding	50.7M
Short % of float	2.01%
Short % of shares	2%
Short ratio	1.6 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	593

Deeper analysis on MELI

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this MELI report

What is the latest published MELI stock rating?

MercadoLibre, Inc. is shown with Strong Buy in the latest published report, analyzed 2026-05-20. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full MELI analysis?

The full latest published report, analyzed 2026-05-20, lives at /stocks/MELI/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for MELI?

The latest published report analyzed 2026-05-20 gives MELI a fair value of USD 2,600 and a potential value of USD 4,151. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the MELI page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-05-20). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

Strong BuyMELI · Fair value $2,600+63.0%

Read full analysis →

MercadoLibre, Inc. (MELI)

Our latest published analysis: MELI rated Strong Buy

Price

Financial snapshot

Fair-value bridge

Latest news · MELI

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All MELI indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on MELI

Frequently asked questions

Rating history

Category	Score	Reading
Valuation	8.5
Management	6.9
Balance Sheet	3.5
Profitability	7.0
Revenue Growth	9.0
Risk Assessment	6.0
Competitive Moat	9.0
Earnings Quality	6.0
Capital Efficiency	5.5