← MERCADOLIBRE INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $844.4m | $1.4b | $1.4b | $2.3b | $4.0b | $8.4b | $13.9b | $15.1b | $20.8b | $28.9b | |
| Cost of Revenue | $307.5m | $678.5m | $424.8m | $1.2b | $2.3b | $4.1b | $5.4b | $7.3b | $11.2b | $16.0b | |
| Gross Profit | $536.9m | $719.6m | $697.0m | $1.1b | $1.7b | $3.0b | $5.2b | $7.2b | $9.6b | $12.9b | |
| Operating Expenses | $355.8m | $663.3m | $766.5m | $1.3b | $1.6b | $2.6b | $4.1b | $5.4b | $6.9b | $9.7b | |
| Total operating expenses | ($355.8m) | ($663.3m) | ($766.5m) | ($1.3b) | ($1.6b) | ($2.6b) | ($4.1b) | ($5.4b) | ($6.9b) | ($9.7b) | |
| Operating Income (Loss) | $181.1m | $56.3m | ($69.5m) | ($153.2m) | $127.7m | $440.7m | $1.0b | $1.8b | $2.6b | $3.2b | |
| Additional Financial Items | |||||||||||
| Amortization of Intangible Assets | $4.0m | $4.4m | $6.1m | $3.9m | $5.3m | $5.6m | $9.0m | $6.0m | $5.0m | $9.0m | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | — | — | — | — | — | $19.0m | |
| Equity in earnings of unconsolidated entity | — | — | — | — | $0 | ($8.5m) | $0 | $3.0m | $0 | $0 | |
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | — | — | — | $2.3m | $8.4m | $9.2m | $29.0m | $268.0m | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($5.6m) | ($21.6m) | $18.2m | ($1.7m) | ($42.5m) | ($109.3m) | ($198.0m) | ($615.0m) | ($182.0m) | ($337.0m) | |
| Foreign currency losses, net | — | — | — | — | ($43.0m) | ($109.0m) | ($198.0m) | ($615.0m) | ($182.0m) | ($337.0m) | |
| Gains (Losses) on Sales of Credit Card Portfolio | $119.8m | $185.5m | $258.6m | $359.0m | $452.9m | $575.2m | — | — | — | — | |
| General and administrative | ($87.3m) | ($122.2m) | ($137.8m) | ($197.5m) | ($326.5m) | ($464.5m) | ($661.0m) | ($766.0m) | ($963.0m) | ($1.1b) | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | — | — | — | — | — | — | — | — | — | ($7.0m) | |
| Interest income and other financial gains, net | $35.4m | $45.9m | $42.0m | $113.5m | $102.8m | $138.0m | $265.0m | $723.0m | $148.0m | $138.0m | |
| Investment Income, Interest | $35.4m | $45.9m | $42.0m | $113.5m | $102.8m | $138.0m | $265.0m | $723.0m | $148.0m | $138.0m | |
| Net revenues and financial income | $844.4m | $1.2b | $1.4b | — | — | $7.1b | $10.5b | $14.5b | $20.8b | $28.9b | |
| Product and technology development | ($98.5m) | ($127.2m) | ($146.3m) | ($223.8m) | ($352.5m) | ($590.3m) | ($1.1b) | ($1.8b) | ($1.9b) | ($2.3b) | |
| Provision for doubtful accounts | — | — | — | — | ($133.0m) | ($435.0m) | ($1.1b) | ($1.1b) | ($1.9b) | ($3.1b) | |
| Sales and marketing | ($156.3m) | ($325.4m) | ($482.4m) | ($834.0m) | ($902.6m) | ($1.5b) | ($1.3b) | ($1.7b) | ($2.2b) | ($3.2b) | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $185.3m | $54.1m | ($65.5m) | ($107.2m) | $81.3m | $240.6m | $780.0m | $1.6b | $2.4b | $2.8b | |
| Net Income (Loss) Attributable to Parent | $136.4m | $13.8m | ($36.6m) | ($172.0m) | ($707k) | $83.3m | $482.0m | $987.0m | $1.9b | $2.0b | |
| Net Income (Loss) Available to Common Stockholders, Basic | $136.4m | $13.8m | ($36.6m) | ($180.8m) | ($3.9m) | $83.3m | $482.0m | $987.0m | $1.9b | $2.0b | |
| Common Stock, Dividends, Per Share, Declared | $0.60 | $0.60 | ($0.82) | ($3.71) | ($0.08) | $1.67 | $9.57 | $19.64 | $37.69 | $39.40 | |
| Earnings Per Share, Basic | $3.09 | $0.31 | ($0.82) | ($3.71) | ($0.08) | $1.67 | $9.57 | $19.64 | $37.69 | $39.40 | |
| Earnings Per Share, Diluted | $3.09 | $0.31 | ($0.82) | ($3.71) | ($0.08) | $1.67 | $9.53 | $19.46 | $37.69 | $39.40 | |
| Weighted Average Number of Shares Outstanding, Basic | 44.2m | 44.2m | 44.5m | 48.7m | 49.7m | 49.8m | 50.3m | 50.3m | 50.7m | 50.7m | |
| Weighted average of outstanding common shares (in shares) | 44.2m | 44.2m | 44.5m | 48.7m | 49.7m | 49.8m | 51.3m | 51.0m | 50.7m | 50.7m | |
| Weighted Average Number of Shares Outstanding, Diluted | 44.2m | 44.2m | 44.5m | 48.7m | 49.7m | 49.8m | 51.3m | 51.0m | 50.7m | 50.7m | |
| Cost of net revenues and financial expenses | — | ($496.9m) | ($742.6m) | ($1.2b) | ($2.3b) | ($4.1b) | ($5.4b) | ($7.3b) | ($11.2b) | ($16.0b) | |
| Current Income Tax Expense (Benefit) | $55.1m | $64.9m | $64.0m | $48.3m | $152.3m | $178.3m | $395.0m | $853.0m | $764.0m | $1.3b | |
| General and Administrative Expense | $87.3m | $122.2m | $137.8m | $197.5m | $326.5m | $464.5m | $661.0m | $766.0m | $963.0m | $1.1b | |
| Income tax expense | ($49.0m) | ($40.3m) | $28.9m | ($64.8m) | ($82.0m) | ($148.8m) | ($298.0m) | ($569.0m) | ($521.0m) | ($845.0m) | |
| Interest Expense, Debt | $17.9m | $18.5m | — | — | — | — | — | — | — | — | |
| Interest expense and other financial losses | ($25.6m) | ($26.5m) | ($56.2m) | ($65.9m) | ($106.7m) | ($228.7m) | ($321.0m) | ($378.0m) | ($165.0m) | ($160.0m) | |
| Net income before income tax expense and equity in earnings of unconsolidated entity | $185.3m | $54.1m | ($65.5m) | ($107.2m) | $81.3m | $240.6m | $780.0m | $1.6b | $2.4b | $2.8b | |
| Research and Development Expense | — | — | $146.3m | $223.8m | $352.5m | $590.3m | $1.1b | $1.8b | $1.9b | $2.3b | |
| Selling and Marketing Expense | $156.3m | $325.4m | $482.4m | $834.0m | $902.6m | $1.5b | $1.3b | $1.7b | $2.2b | $3.2b | |
| Income Tax Expense (Benefit) | $49.0m | $40.3m | ($28.9m) | $64.8m | $82.0m | $148.8m | $298.0m | $569.0m | $521.0m | $845.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.