MELI Q1 2024 Earnings — MercadoLibre, Inc. Revenue & Financial Results | Market Cap Arena

MELIMercadoLibre, Inc.

$89B

Q1 2024 Earnings

Consumer Cyclical Specialty Retail

Income Statement

Revenue

$4.3B+36.0% YoY

Gross Profit

$2.0B46.7% margin

Operating Income

$528M12.2% margin

Net Income

$344M7.9% margin

EPS (Diluted)

$6.79

QoQ Revenue Growth

+1.7%

Cash Flow

Operating Cash Flow

$1.2B

Free Cash Flow

$1.1B

Stock-Based Comp.

$68M

Balance Sheet

Total Assets

$19.1B

Total Liabilities

$15.7B

Stockholders' Equity

$3.4B

Cash & Equivalents

$2.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.3B	$3.2B	+36.0%
Gross Profit	$2.0B	$1.6B	+25.4%
Operating Income	$528M	$418M	+26.3%
Net Income	$344M	$201M	+71.1%

Revenue Segments

Service

$4.0B91%

Product

$378M9%

Geographic Segments

Brazil Segment

$2.6B59%

Mexico Segment

$971M22%

Argentina Segment

$615M14%

Other Countries Segment

$176M4%