MELI Q2 2024 Earnings — MercadoLibre, Inc. Revenue & Financial Results | Market Cap Arena

MELIMercadoLibre, Inc.

$89B

Q2 2024 Earnings

Consumer Cyclical Specialty Retail

Income Statement

Revenue

$5.1B+41.5% YoY

Gross Profit

$2.4B46.6% margin

Operating Income

$726M14.3% margin

Net Income

$531M10.5% margin

EPS (Diluted)

$10.47

QoQ Revenue Growth

+17.1%

Cash Flow

Operating Cash Flow

$1.9B

Free Cash Flow

$1.7B

Stock-Based Comp.

$59M

Balance Sheet

Total Assets

$20.0B

Total Liabilities

$16.4B

Stockholders' Equity

$3.7B

Cash & Equivalents

$2.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5.1B	$3.6B	+41.5%
Gross Profit	$2.4B	$1.8B	+29.2%
Operating Income	$726M	$669M	+8.5%
Net Income	$531M	$262M	+102.7%

Revenue Segments

Service

$4.6B91%

Product

$481M9%

Geographic Segments

Brazil Segment

$1.2B54%

Argentina Segment

$605M26%

Mexico Segment

$418M18%

Other Countries Segment

$47M2%