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Mercado Libre MELI Pre-Tax Income

Discontinued — last reported Q1 '26

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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$95.21B-21.6%
Enterprise value$92.53B-25.2%
P/E49.6×-9.6×
P/S-2.0×

Profitability

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Gross margin43.9%-2.3pp
Operating margin9.6%-3.2pp
Net margin6%-3.2pp
FCF margin37.2%+8.3pp

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

Reported directly by Mercado Libre in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

The source filing: Mercado Libre’s 10-Q, filed May 8, 2026.

Filed
May 8, 2026, 4:03 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001099590-26-000017
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Income from operations611763
Other income (expenses):
Interest income and other financial gains, net2737
Interest expense and other financial losses(65)(39)
Foreign currency gains (losses), net6(55)
Net income before income tax expense579706
Income tax expense(162)(212)
Net income$417$494

ITEM 1 — UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS [1](#i84f3433ca70e43aba43b2c42eb8a2df8_16)

FAQ

What is Mercado Libre's pre-tax income?
Mercado Libre (MELI) reported pre-tax income of $579M in Q1 2026.
How has Mercado Libre's pre-tax income changed year-over-year?
Mercado Libre's pre-tax income decreased by 18.0% year-over-year, from $706M to $579M.
What is the long-term trend for Mercado Libre's pre-tax income?
Over 3 years (2022 to 2025), Mercado Libre's pre-tax income has grown at a 53.9% compound annual growth rate (CAGR), from $780M to $2.84B.
What does pre-tax income mean?
Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

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