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Mercado Libre MELI Q1 2025 earnings

Reported May 7, 2025 · After market close

Revenue$5.9BBeat by $448.2M
EPS$9.74Beat by $1.47
Revenue estimate$5.5B
EPS estimate$8.27

Next report

Nov 4, 2026 (in a month)
Revenue estimate$10.6B
EPS estimate$9.42

Financials

Q1 2025

Income statement

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Revenue$5.9B+37.0%
Gross profit$2.8B+36.9%
Operating income$763.0M+44.5%
Net income$494.0M+43.6%
EPS (diluted)$9.74+43.7%

Balance sheet

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Cash & equivalents$4.5B+17.8%
Total debt$7.8B+44.8%
Total equity$5.0B+47.6%
Total assets$27.7B+45.2%

Cash flow

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Operating cash flow$1.0B-31.8%
CapEx$272.0M+83.8%
Free cash flow$759.0M-44.4%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$98.9B+29.0%
Enterprise value$102.25B+30.7%
P/E48×-19.8×
P/S4.4×-0.3×

Profitability

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Gross margin46.1%-3.1pp
Operating margin12.8%-1.4pp
Net margin9.2%+2.3pp
FCF margin28.8%-3.3pp

Returns & leverage

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Return on equity49.1%+7.5pp
Debt / equity1.6×0.0×
Current ratio1.2×-0.1×

Segments

By segment

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Brazil$3.1B+19.9%
Argentina$1.4B+125%
Mexico$1.2B+25.8%

By product

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Services$2.7B+26.9%
Credit revenues$1.1B+48.8%

By geography

See full
U.S.$10.0M—

FAQ

When did Mercado Libre report Q1 2025 earnings?
Mercado Libre (MELI) reported Q1 2025 earnings on May 7, 2025 after market close.
What were Mercado Libre's Q1 2025 revenue and EPS?
Mercado Libre reported revenue of $5.9B and eps of $9.74 for Q1 2025.
Did Mercado Libre beat estimates in Q1 2025?
Revenue beat the consensus estimate of $5.5B by $448.2M. EPS beat the consensus estimate of $8.27 by $1.47.
How did Mercado Libre's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 37.0% from $4.3B a year earlier and eps grew 43.7% from $6.78.
Where can I find Mercado Libre's Q1 2025 SEC filings?
You can read the 8-K earnings release (0001099590-25-000025) and the 10-Q periodic report (0001099590-25-000028) directly on SEC EDGAR. The filing index links above go to sec.gov.