What is Mercado Libre's inventories?

Mercado Libre (MELI) reported inventories of $677M in Q1 2026.

How has Mercado Libre's inventories changed year-over-year?

Mercado Libre's inventories increased by 89.1% year-over-year, from $358M to $677M.

What is the long-term trend for Mercado Libre's inventories?

Over 5 years (2020 to 2025), Mercado Libre's inventories has grown at a 37.0% compound annual growth rate (CAGR), from $118.14M to $570M.

What does inventories mean?

Total inventory including raw materials, work-in-progress, and finished goods, valued at the lower of cost or net realizable value.

Mercado Libre MELI Inventories

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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$91.65B-27.7%

Enterprise value$88.98B-31.0%

P/E47.7×-14.0×

P/S2.9×-2.4×

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:InventoryNet.

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 inventories?: Mercado Libre (MELI) reported inventories of $677M in Q1 2026.
How has Mercado Libre's inventories changed year-over-year?: Mercado Libre's inventories increased by 89.1% year-over-year, from $358M to $677M.
What is the long-term trend for Mercado Libre's inventories?: Over 5 years (2020 to 2025), Mercado Libre's inventories has grown at a 37.0% compound annual growth rate (CAGR), from $118.14M to $570M.
What does inventories mean?: Total inventory including raw materials, work-in-progress, and finished goods, valued at the lower of cost or net realizable value.