Income StatementBalance SheetCash FlowSegments
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Mercado Libre Cash Flow Statement

Operating, investing, and financing cash movements

Mercado Libre generated $13.2B in operating cash flow over the trailing twelve months. After $1.3B in capital expenditures, free cash flow was $11.8B. Free cash flow increased 0.8% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$13.2BNet Cash From Investing (TTM)-$5.8BNet Cash From Financing (TTM)$2.9BCapital Expenditures (TTM)$1.3BDepreciation And Amortization Cf (TTM)$892.0MNet Change In Cash (TTM)$10.6B
Latest FilingQ1 2026
Report Date2026-05-08
Market Cap$84.4B
P/E Ratio43.95
ROE31.26%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$309.0M$272.0M$287.0M$357.0M$427.0M$271.0M
Payments for Derivative Instruments (Investing)$2.0M$0.0$8.0M$30.0M$53.0M$44.0M
Payments for Hedge, Investing Activities$2.0M$0.0$8.0M$30.0M$53.0M$44.0M
Proceeds from Derivative Instrument Investing Activities$11.0M$2.0M—$1.0M—$4.0M
Proceeds from disposition of marketable securities and other investments$3.9B$3.9B$2.9B$4.4B$5.3B$3.6B
Net cash from investing activities-$2.1B-$1.8B-$1.2B-$1.1B-$2.0B-$1.5B
Purchases of investments$4.3B$4.2B$2.2B$3.4B$4.9B$2.8B
Investing Cash Flows from Derivatives$11.0M$2.0M—$1.0M—$4.0M
Proceeds from Sale of Intangible Assets$0.0$18.8M$18.8M$18.8M$18.8M—

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts payable$638.0M-$191.0M$614.0M$295.0M$769.0M$340.0M
Change in inventories$3.0M$46.0M$54.0M$87.0M$48.0M$88.0M
Change in other liabilities—$120.0M-$223.0M$359.0M—$123.0M
Benefit from Receivables$527.0M$603.0M$690.0M$815.0M$983.0M$1.2B
Deferred income taxes-$76.0M-$60.0M-$94.0M-$156.0M-$159.0M-$261.0M
Depreciation and amortization$152.0M$172.0M$199.0M$209.0M$238.0M$246.0M
Change in Derivative Assets and Liabilities$24.0M-$28.0M-$24.0M-$44.0M-$21.0M-$95.0M
Unrealized Foreign Currency Transaction Gain (Loss)-$110.0M$2.0M-$97.0M-$202.0M-$160.0M$66.0M
Unrealized Foreign Currency Transaction Gain (Loss)-$110.0M$2.0M-$97.0M-$202.0M-$160.0M$66.0M
Foreign Currency Transaction Gain (Loss)-$110.0M$2.0M-$97.0M-$202.0M-$160.0M$66.0M
Net cash from operating activities$2.9B$1.0B$2.9B$3.0B$5.2B$2.1B
Net income$639.0M$494.0M$523.0M$421.0M$559.0M$417.0M
Accrued Interest And Financial Income From Investments$128.0M$157.0M$168.0M$525.0M—$283.0M
Accrued Interest, Financial Income And Other Revenues From Investments$103.8M$304.0M$304.0M$304.0M$304.0M—
Non cash interest expense and amortization of debt issuance costs and other charges$147.0M$68.0M$105.0M$98.0M$125.0M$100.0M
Unrealized Gain (Loss), Foreign Currency Transaction, before Tax-$110.0M$2.0M-$97.0M-$202.0M-$160.0M$66.0M
Amounts payable due to credit and debit card transactions$452.0M$87.0M$328.0M$351.0M$826.0M$523.0M
Increase (Decrease) In Digital Assets At Fair Value$15.0M-$12.0M$16.0M$9.0M—$0.0
Funds payable to customers$1.7B$58.0M$1.6B$971.0M$2.7B$585.0M
Increase Decrease In Funds Receivable From Customers$1.1B$71.0M$926.0M$62.0M—$887.0M
Operating lease liabilities-$58.0M-$79.0M——-$132.0M-$118.0M
Increase (Decrease) in Other Operating Assets$38.0M$247.0M——$257.0M$98.0M
Loss Contingency Accrual Provision$65.0M$23.0M$28.0M$20.0M$35.0M$39.0M
Interest received from investments$59.0M$127.0M$93.0M$200.0M$164.0M$68.0M
Accounts Receivable, Credit Loss Expense (Reversal)$527.0M$603.0M$690.0M$815.0M$983.0M$1.2B
Stock Option Plan Expense$51.0M$92.0M$96.0M$64.0M$51.0M$96.0M
Unrealized Foreign Currency Transaction Gain (Loss)-$110.0M$2.0M-$97.0M-$202.0M-$160.0M$66.0M
Impairment of RBH Equity Investment$0.0$4.8M$4.8M$4.8M$4.8M—
Unrealized Foreign Currency Gain (Loss)-$110.0M$2.0M-$97.0M-$202.0M-$160.0M$66.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Finance Lease, Principal Payments$13.0M$13.0M$13.0M$14.0M$17.0M$16.0M
Finance lease prepayments$13.0M$13.0M$13.0M$14.0M$17.0M$16.0M
Net cash from financing activities$757.0M$465.0M$613.0M$444.0M$1.4B$473.0M
Net Proceeds from (Repayments of) Other Long-Term Debt$6.1B$8.5B$9.2B$11.5B$11.9B$21.0B

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$2.6B$759.0M$2.6B$2.6B$4.8B$1.8B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$332.0M$145.0M$85.0M$19.0M-$252.0M$527.0M
Net increase (decrease) in cash$1.2B-$201.0M$2.4B$2.3B$4.3B$1.6B
Increase Decrease In Principal Loans Receivable Net$1.4B$1.2B$1.6B$1.7B$2.1B$1.9B
Investments in intangible assets not paid$0.0$27.0M———$0.0
Contingent considerations and escrows from acquired business$1.0M$0.0$0.0$0.0$0.0—
Proceeds From Issuance Of Other Long Term Debt$6.9B$8.9B$9.8B$12.0B$13.3B$21.5B
Leased assets obtained in exchange for operating lease liabilities$259.0M$210.0M$358.0M$406.0M$228.0M$242.0M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Non-cash Capital Expenditures$13.0M$10.0M$10.0M$10.0M$10.0M—
Capital Lease Obligations Incurred$13.0M$10.0M$10.0M$10.0M$10.0M—
Income taxes paid$263.0M$253.3M$253.3M$253.3M$253.3M—
Interest paid$114.0M$152.8M$152.8M$152.8M$152.8M—
ROU Asset Obtained for Finance Lease Liability$39.0M$1.0M$1.0M$7.0M$31.0M$1.0M
ROU Asset Obtained for Lease Liability$259.0M$210.0M$358.0M$406.0M$228.0M$242.0M
Capital Lease Obligations Incurred$13.0M$10.0M$10.0M$10.0M$10.0M—