
Mercadolibre Inc
NASDAQ:MELI

Income Statement
Earnings Waterfall
Mercadolibre Inc
Revenue
|
20.8B
USD
|
Cost of Revenue
|
-11.2B
USD
|
Gross Profit
|
9.6B
USD
|
Operating Expenses
|
-6.9B
USD
|
Operating Income
|
2.6B
USD
|
Other Expenses
|
-720m
USD
|
Net Income
|
1.9B
USD
|
Income Statement
Mercadolibre Inc
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
557
N/A
|
589
+6%
|
612
+4%
|
632
+3%
|
652
+3%
|
661
+1%
|
707
+7%
|
769
+9%
|
844
+10%
|
956
+13%
|
1 041
+9%
|
1 115
+7%
|
1 217
+9%
|
1 268
+4%
|
1 319
+4%
|
1 370
+4%
|
1 440
+5%
|
1 592
+11%
|
1 802
+13%
|
2 050
+14%
|
2 296
+12%
|
2 475
+8%
|
2 808
+13%
|
3 320
+18%
|
3 973
+20%
|
4 700
+18%
|
5 524
+18%
|
6 266
+13%
|
7 069
+13%
|
7 939
+12%
|
8 833
+11%
|
9 666
+9%
|
10 537
+9%
|
11 475
+9%
|
12 463
+9%
|
13 700
+10%
|
14 473
+6%
|
16 106
+11%
|
17 594
+9%
|
18 979
+8%
|
20 777
+9%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(159)
|
(172)
|
(186)
|
(199)
|
(215)
|
(226)
|
(249)
|
(277)
|
(308)
|
(353)
|
(392)
|
(436)
|
(497)
|
(554)
|
(618)
|
(674)
|
(743)
|
(821)
|
(918)
|
(1 052)
|
(1 194)
|
(1 297)
|
(1 475)
|
(1 792)
|
(2 264)
|
(2 712)
|
(3 210)
|
(3 625)
|
(4 064)
|
(4 452)
|
(4 816)
|
(5 108)
|
(5 374)
|
(5 771)
|
(6 212)
|
(6 702)
|
(7 267)
|
(8 201)
|
(9 155)
|
(10 196)
|
(11 200)
|
|
Gross Profit |
398
N/A
|
417
+5%
|
426
+2%
|
433
+2%
|
437
+1%
|
436
0%
|
458
+5%
|
492
+7%
|
537
+9%
|
604
+12%
|
649
+7%
|
679
+5%
|
720
+6%
|
714
-1%
|
702
-2%
|
696
-1%
|
697
+0%
|
771
+11%
|
884
+15%
|
999
+13%
|
1 102
+10%
|
1 178
+7%
|
1 333
+13%
|
1 529
+15%
|
1 709
+12%
|
1 988
+16%
|
2 315
+16%
|
2 641
+14%
|
3 005
+14%
|
3 487
+16%
|
4 017
+15%
|
4 558
+13%
|
5 163
+13%
|
5 704
+10%
|
6 251
+10%
|
6 998
+12%
|
7 206
+3%
|
7 905
+10%
|
8 439
+7%
|
8 783
+4%
|
9 577
+9%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(228)
|
(239)
|
(257)
|
(266)
|
(281)
|
(291)
|
(303)
|
(328)
|
(342)
|
(390)
|
(434)
|
(491)
|
(575)
|
(750)
|
(796)
|
(829)
|
(766)
|
(801)
|
(898)
|
(1 084)
|
(1 255)
|
(1 371)
|
(1 414)
|
(1 445)
|
(1 582)
|
(1 740)
|
(1 992)
|
(2 241)
|
(2 556)
|
(2 989)
|
(3 493)
|
(3 899)
|
(4 108)
|
(4 370)
|
(4 498)
|
(4 756)
|
(5 383)
|
(5 732)
|
(6 209)
|
(6 781)
|
(6 946)
|
|
Selling, General & Administrative |
(174)
|
(181)
|
(190)
|
(196)
|
(199)
|
(210)
|
(217)
|
(233)
|
(237)
|
(269)
|
(321)
|
(371)
|
(439)
|
(526)
|
(572)
|
(602)
|
(611)
|
(641)
|
(717)
|
(879)
|
(1 022)
|
(1 126)
|
(1 150)
|
(1 151)
|
(1 217)
|
(1 334)
|
(1 514)
|
(1 713)
|
(1 953)
|
(2 291)
|
(2 629)
|
(2 895)
|
(2 983)
|
(3 124)
|
(3 146)
|
(3 286)
|
(3 529)
|
(3 775)
|
(4 160)
|
(4 624)
|
(5 012)
|
|
Research & Development |
(54)
|
(59)
|
(66)
|
(70)
|
(60)
|
(81)
|
(86)
|
(95)
|
(78)
|
(107)
|
(113)
|
(119)
|
(98)
|
(135)
|
(138)
|
(141)
|
(114)
|
(160)
|
(181)
|
(205)
|
(183)
|
(245)
|
(264)
|
(294)
|
(299)
|
(405)
|
(479)
|
(528)
|
(507)
|
(698)
|
(813)
|
(954)
|
(917)
|
(1 246)
|
(1 352)
|
(1 470)
|
(1 599)
|
(1 908)
|
(2 000)
|
(2 108)
|
(1 934)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
(22)
|
0
|
0
|
0
|
(27)
|
0
|
0
|
0
|
(37)
|
0
|
0
|
0
|
(41)
|
0
|
0
|
0
|
(51)
|
0
|
0
|
0
|
(65)
|
0
|
0
|
0
|
(95)
|
0
|
0
|
0
|
(208)
|
0
|
0
|
0
|
(255)
|
0
|
0
|
0
|
0
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(14)
|
0
|
0
|
0
|
(89)
|
(86)
|
(86)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(50)
|
(50)
|
0
|
0
|
0
|
0
|
0
|
(49)
|
(49)
|
(49)
|
0
|
|
Operating Income |
170
N/A
|
178
+5%
|
169
-5%
|
167
-1%
|
155
-7%
|
144
-7%
|
155
+8%
|
164
+5%
|
195
+19%
|
214
+10%
|
215
+0%
|
188
-12%
|
145
-23%
|
(36)
N/A
|
(95)
-160%
|
(133)
-41%
|
(69)
+48%
|
(30)
+57%
|
(14)
+53%
|
(85)
-501%
|
(153)
-80%
|
(193)
-26%
|
(81)
+58%
|
84
N/A
|
128
+52%
|
248
+94%
|
322
+30%
|
400
+24%
|
449
+12%
|
498
+11%
|
524
+5%
|
659
+26%
|
1 055
+60%
|
1 334
+26%
|
1 753
+31%
|
2 242
+28%
|
1 823
-19%
|
2 173
+19%
|
2 230
+3%
|
2 002
-10%
|
2 631
+31%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
1
|
(13)
|
(1)
|
(3)
|
11
|
27
|
24
|
21
|
4
|
4
|
(10)
|
1
|
(2)
|
(4)
|
22
|
10
|
4
|
5
|
16
|
34
|
46
|
54
|
24
|
(22)
|
(46)
|
(91)
|
(109)
|
(112)
|
(151)
|
(98)
|
(158)
|
(221)
|
(205)
|
(324)
|
(434)
|
(590)
|
(221)
|
(459)
|
(320)
|
(103)
|
(199)
|
|
Non-Reccuring Items |
(49)
|
(66)
|
(16)
|
(16)
|
(16)
|
0
|
(14)
|
(14)
|
(14)
|
0
|
(3)
|
(3)
|
(89)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(49)
|
(56)
|
(57)
|
(58)
|
(58)
|
0
|
0
|
(70)
|
(21)
|
(21)
|
(21)
|
(49)
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
122
N/A
|
99
-19%
|
152
+53%
|
147
-3%
|
150
+2%
|
171
+14%
|
166
-3%
|
171
+3%
|
185
+9%
|
218
+18%
|
202
-7%
|
186
-8%
|
54
-71%
|
(41)
N/A
|
(72)
-77%
|
(123)
-70%
|
(65)
+47%
|
(25)
+62%
|
2
N/A
|
(51)
N/A
|
(107)
-110%
|
(139)
-30%
|
(57)
+59%
|
62
N/A
|
81
+30%
|
108
+32%
|
157
+46%
|
231
+47%
|
241
+4%
|
342
+42%
|
366
+7%
|
438
+20%
|
780
+78%
|
989
+27%
|
1 298
+31%
|
1 631
+26%
|
1 553
-5%
|
1 714
+10%
|
1 910
+11%
|
1 899
-1%
|
2 432
+28%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(49)
|
(55)
|
(63)
|
(46)
|
(45)
|
(37)
|
(35)
|
(47)
|
(49)
|
(63)
|
(58)
|
(54)
|
(41)
|
(8)
|
7
|
20
|
29
|
13
|
14
|
(69)
|
(65)
|
(66)
|
(108)
|
(66)
|
(82)
|
(121)
|
(158)
|
(152)
|
(149)
|
(151)
|
(120)
|
(158)
|
(298)
|
(374)
|
(545)
|
(648)
|
(569)
|
(584)
|
(511)
|
(462)
|
(521)
|
|
Income from Continuing Operations |
73
|
44
|
89
|
101
|
106
|
134
|
131
|
124
|
136
|
155
|
144
|
133
|
13
|
(48)
|
(65)
|
(103)
|
(37)
|
(12)
|
16
|
(120)
|
(172)
|
(205)
|
(165)
|
(4)
|
(1)
|
(14)
|
(1)
|
79
|
92
|
191
|
247
|
280
|
482
|
615
|
753
|
983
|
984
|
1 130
|
1 399
|
1 437
|
1 911
|
|
Income to Minority Interest |
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(9)
|
0
|
(10)
|
(10)
|
0
|
3
|
4
|
4
|
3
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
73
N/A
|
44
-39%
|
89
+103%
|
101
+13%
|
106
+5%
|
134
+27%
|
131
-3%
|
124
-5%
|
136
+10%
|
155
+13%
|
144
-7%
|
133
-8%
|
14
-90%
|
(48)
N/A
|
(64)
-35%
|
(102)
-59%
|
(37)
+64%
|
(12)
+68%
|
16
N/A
|
(120)
N/A
|
(172)
-43%
|
(205)
-19%
|
(165)
+19%
|
(4)
+98%
|
(1)
+83%
|
(14)
-1 825%
|
(1)
+90%
|
79
N/A
|
83
+6%
|
182
+119%
|
237
+30%
|
271
+14%
|
482
+78%
|
618
+28%
|
757
+22%
|
987
+30%
|
987
N/A
|
1 130
+14%
|
1 399
+24%
|
1 437
+3%
|
1 911
+33%
|
|
EPS (Diluted) |
1.65
N/A
|
1
-39%
|
2.02
+102%
|
2.29
+13%
|
2.4
+5%
|
3.03
+26%
|
2.95
-3%
|
2.8
-5%
|
3.09
+10%
|
3.5
+13%
|
3.26
-7%
|
3.01
-8%
|
0.31
-90%
|
-1.09
N/A
|
-1.46
-34%
|
-2.28
-56%
|
-0.82
+64%
|
-0.27
+67%
|
0.31
N/A
|
-2.42
N/A
|
-3.53
-46%
|
-4.12
-17%
|
-3.32
+19%
|
-0.08
+98%
|
-0.01
+88%
|
-0.27
-2 600%
|
-0.03
+89%
|
1.59
N/A
|
1.67
+5%
|
3.61
+116%
|
4.7
+30%
|
5.27
+12%
|
9.38
+78%
|
12.07
+29%
|
14.79
+23%
|
19.65
+33%
|
19.35
-2%
|
22.28
+15%
|
27.59
+24%
|
28.34
+3%
|
37.69
+33%
|