MercadoLibre (MELI) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

MercadoLibre

NasdaqGS•Consumer Cyclical•Internet Retail

$1,823.89-15.82(-0.01%)Market open

Market Cap

$92.53B

P/E

49.7x

P/S

2.6x

P/B

11.8x

MercadoLibre, Inc. operates online commerce platforms in Brazil, Mexico, Argentina, and internationally. The company operates Mercado Libre Marketplace, an online commerce platform that can be accessed through mobile app or website; and Mercado Pago, a financial technology solution platform, which offers comprehensive set of financial technology services to users and other users of its e-commerce platform. It also provides Mercado Fondo that allows users to invest funds deposited in their Mercado Pago accounts; Mercado Credito, which grants loans and obtains better funding alternatives; and Mercado Mercado Envios that facilitates the shipping of goods from the Company and sellers to buyers. In addition, the company provides Mercado Libre Classifieds, where users can list vehicles, properties, and services; Mercado Ads, an advertising platform, which enables retailers and brands to promote their products and services on the platform. MercadoLibre, Inc. was incorporated in 1999 and is headquartered in Montevideo, Uruguay.

How this company scores

GoodMetricSide Score: 68/100

Strongest: Cash & Earnings Quality (25/25); weakest: Balance Sheet & Red Flags (12/25).

Profitability12/25

Growth19/25

Balance Sheet & Red Flags12/25

Cash & Earnings Quality25/25

Strengths

Growing revenueRising free cash flowHigh ROECash-backed earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 49.7x5y range 42.8x – 1046.3x

Currently below its 20-quarter median.

P/S · 2.6x5y range 2.6x – 13.2x

Currently below its 20-quarter median.

P/B · 11.8x5y range 11.3x – 670.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 31.6% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Price & Volume

Market Cap $92.53B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $35.18B
Q. Revenue: $10.17B
TTM EBITDA: $4.30B
TTM Op. Income: $2.91B
Q. Op. Income: $683.00M
TTM Net Income: $1.86B
Q. Net Income: $466.00M
EPS: $9.19
Shares Out.: $50.70M

$35.18B in TTM revenue grew 46.0% YoY, reaching $10.17B last quarter. TTM EBITDA of $4.30B and TTM operating income of $2.91B show growth is flowing through to the bottom line. TTM net income of $1.86B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 40.9%
EBITDA Margin: 9.6%
Op. Margin: 6.7%
Net Margin: 4.6%

Op. margin of 6.7% is down 5.4% YoY — costs are rising relative to revenue. Net margin at 4.6% and gross margin of 40.9% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has fallen for 2 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 49.7x
P/S Ratio: 2.6x
P/B Ratio: 11.8x

At 49.7x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 2.6x and P/B of 11.8x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 23% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $51.36B
Cash: $3.65B
Long-Term Debt: $10.63B
Book Value: $7.83B
D/E Ratio: 1.4
Debt/EBITDA: 10.9

With $51.36B in assets and $10.63B in long-term debt, D/E is 1.4and book value is $7.83B — moderate leverage. Over the past year, debt/equity is up 6% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $3.66B
TTM Free Cash Flow: $12.41B
FCF Margin: 35.3%
FCF / Net Income: 6.7

TTM FCF of $12.41B on $3.66B in operating cash flow. The FCF / Net Income ratio of 6.7x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 5 consecutive quarters — an improving trend.