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Mercado Libre MELI Q2 2025 earnings

Reported August 4, 2025 · After market close

Revenue estimate$6.7B
EPS estimate$11.93

Next report

Aug 5, 2026 (in a month)
Revenue estimate$9.7B
EPS estimate$8.69

Financials

Q2 2025

Income statement

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Revenue$6.8B+33.8%
Gross profit$3.1B+30.8%
Operating income$825.0M+13.6%
Net income$523.0M-1.5%
EPS (diluted)$10.31-1.6%

Balance sheet

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Cash & equivalents$6.9B+80.2%
Total debt$9.1B+64.9%
Total equity$5.7B+56.3%
Total assets$32.9B+64.5%

Cash flow

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Operating cash flow$2.9B+55.0%
CapEx$287.0M+56.8%
Free cash flow$2.6B+54.8%

Valuation & ratios

Q2 2025

Valuation

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Market cap$128.21B+53.9%
Enterprise value$130.42B+53.4%
P/E62.5×+2.9×
P/S5.3×+0.6×

Profitability

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Gross margin45.9%-2.2pp
Operating margin12.3%-1.1pp
Net margin8.5%+0.6pp
FCF margin30.6%-1.1pp

Returns & leverage

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Return on equity43.8%-3.5pp
Debt / equity1.6×+0.1×
Current ratio1.2×-0.1×

Segments

By segment

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Brazil$3.5B+24.7%
Argentina$1.5B+76.9%
Mexico$1.5B+25.4%

By product

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Services$3.0B+21.0%
Credit revenues$1.3B+51.5%

Versus estimates

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Questions, answered.

When did Mercado Libre report Q2 2025 earnings?
Mercado Libre (MELI) reported Q2 2025 earnings on August 4, 2025 after market close.
What were Mercado Libre's Q2 2025 revenue and EPS?
Mercado Libre reported revenue of $6.8B and diluted EPS of $10.31 for Q2 2025.
Did Mercado Libre beat estimates in Q2 2025?
Revenue beat the consensus estimate of $6.7B by $115.8M. EPS missed the consensus estimate of $11.93 by $1.62.
How did Mercado Libre's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 33.8% from $5.1B a year earlier and diluted EPS declined 1.6% from $10.48.
Where can I find Mercado Libre's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0001099590-25-000044) directly on SEC EDGAR. The filing index links above go to sec.gov.