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Mercado Libre MELI Free cash flow margin

Free cash flow margin at other companies

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AmazonAMZN
1.4%-1.8pp
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eBayEBAY
20.6%+3.5pp
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PayPal Holdings, Inc.PYPL
16.3%-2.4pp
Affirm Holdings, Inc. logo
Affirm Holdings, Inc.AFRM
19.8%-0.4pp
DoorDash logo
DoorDashDASH
14.6%-3.7pp
Global Payments logo
Global PaymentsGPN
12%-19.4pp

Other financials

Income statement

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Revenue$8.8B+49.0%
Gross profit$3.9B+39.4%
Operating income$611.0M-19.9%
Net income$417.0M-15.6%
EPS (diluted)$8.23-15.5%

Balance sheet

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Cash & equivalents$15.1B+237%
Total debt$12.5B+59.0%
Total equity$7.3B+45.5%
Total assets$46.9B+69.5%

Cash flow

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Operating cash flow$2.1B+101%
CapEx$271.0M-0.4%
Free cash flow$1.8B+138%

Valuation

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Market cap$82.9B-11.4%
Enterprise value$80.22B-16.9%
P/E43.2×-2.2×
P/S2.6×-1.6×

Profitability

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Gross margin43.9%-2.3pp
Operating margin9.6%-3.2pp
Net margin6%-3.2pp

Returns & leverage

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Return on equity31.3%-17.8pp
Debt / equity1.7×+0.1×
Current ratio1.2×0.0×

Where this comes from

Calculated from Mercado Libre’s reported figures.

Based on trailing twelve months.

The official record: Mercado Libre’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Mercado Libre's free cash flow margin?
Mercado Libre (MELI) reported free cash flow margin of 37.2% in Q1 2026.
How has Mercado Libre's free cash flow margin changed year-over-year?
Mercado Libre's free cash flow margin increased by 28.9% year-over-year, from 28.8% to 37.2%.
What is the long-term trend for Mercado Libre's free cash flow margin?
Over 4 years (2020 to 2025), Mercado Libre's free cash flow margin has grown at a 12.2% compound annual growth rate (CAGR), from 23.5% to 37.3%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.