MELI FY 2024 Earnings Report — MercadoLibre, Inc. Revenue & Financial Results | Market Cap Arena

MercadoLibre, Inc.MELI

FY 2024 Earnings

Reported February 21, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$20.8B	—	$15.1B	—	37.5%
Op. Income	$2.6B	—	$2.2B	—	19.2%
Gross Margin	46.1%	—	50.2%	—	-4.1pp
Net Margin	9.2%	—	6.5%	—	2.7pp
EPS (Diluted)	$37.69	—	$19.46	—	93.7%
Free Cash Flow	$7.1B	—	$4.6B	—	52.4%

Revenue Flow

Item	Amount
REVENUE	$20.8B
Cost of Revenue	$11.2B
GROSS PROFIT	$9.6B
R&D Expenses	$1.9B
Selling & Marketing	$2.2B
General & Administrative	$963M
SG&A Expenses	$3.2B
Other Expenses	$1.9B
Operating Expenses	$6.9B
Cost & Expenses	$18.1B
OPERATING INCOME	$2.6B
Interest Income	$148M
Interest Expense	$153M
Other Income/Expenses	-$199M
INCOME BEFORE TAX	$2.4B
Income Tax Expense	$521M
Net Income from Continuing Ops	$1.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.9B
D&A	$617M
EBIT	$2.6B
EBITDA	$3.2B
EPS	$38
EPS Diluted	$38

Income Statement

Item	Amount
REVENUE	$20.8B
Cost of Revenue	$11.2B
GROSS PROFIT	$9.6B
R&D Expenses	$1.9B
Selling & Marketing	$2.2B
General & Administrative	$963M
SG&A Expenses	$3.2B
Other Expenses	$1.9B
Operating Expenses	$6.9B
Cost & Expenses	$18.1B
OPERATING INCOME	$2.6B
Interest Income	$148M
Interest Expense	$153M
Other Income/Expenses	-$199M
INCOME BEFORE TAX	$2.4B
Income Tax Expense	$521M
Net Income from Continuing Ops	$1.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.9B
D&A	$617M
EBIT	$2.6B
EBITDA	$3.2B
EPS	$38
EPS Diluted	$38

Cash Flow Statement

Item	Amount
Net Income	$1.9B
Depreciation & Amortization	$617M
Stock-Based Compensation	$261M
Deferred Income Tax	-$243M
Other Non-Cash Items	$2.2B
Change in Working Capital	$3.2B
OPERATING CASH FLOW	$7.9B
Capital Expenditure	-$860M
Acquisitions (Net)	-$6M
Purchases of Investments	-$16.7B
Sales/Maturities of Investments	$14.0B
Other Investing Activities	-$4.7B
NET CASH FROM INVESTING	-$8.3B
Net Debt Issuance	$2.0B
Common Stock Repurchased	-$1M
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$2.0B
FREE CASH FLOW	$7.1B
Net Change in Cash	$851M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.6B
Short-Term Investments	$1.1B
Net Receivables	$10.5B
Inventory	$296M
Other Current Assets	$5.5B
TOTAL CURRENT ASSETS	$20.1B
PP&E (Net)	$2.5B
Goodwill	$149M
Intangible Assets	$61M
Long-Term Investments	$1.2B
Tax Assets	$802M
Other Non-Current Assets	$373M
TOTAL NON-CURRENT ASSETS	$5.1B
TOTAL ASSETS	$25.2B
Account Payables	$3.2B
Short-Term Debt	$2.8B
Deferred Revenue	$106M
Other Current Liabilities	$103M
TOTAL CURRENT LIABILITIES	$16.6B
Long-Term Debt	$2.8B
Deferred Revenue NC	$9M
Deferred Tax Liabilities	$204M
Other Non-Current Liabilities	$248M
TOTAL NON-CURRENT LIABILITIES	$4.2B
TOTAL LIABILITIES	$20.8B
Common Stock	$0
Additional Paid-In Capital	$1.8B
Retained Earnings	$3.8B
Treasury Stock	-$311M
Accum. Other Comp. Income	-$920M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.4B
Minority Interest	$0
TOTAL EQUITY	$4.4B
TOTAL LIABILITIES & EQUITY	$25.2B
Total Debt	$6.8B
Net Debt	$4.2B