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Mercado Libre MELI Argentina — Total Costs & Expenses

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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:CostsAndExpenses.

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 itemBrazilMexicoArgentinaOther CountriesTotal
Net revenues and financial income4,7741,9761,6983978,845
Local operating expenses(4,278)(1,546)(1,065)(320)(7,209)
Depreciation and amortization(107)(86)(26)(13)(232)
Total segment costs(4,385)(1,632)(1,091)(333)(7,441)
Direct contribution389344607641,404
Operating expenses and indirect costs of net revenues and financial expenses(793)
Income from operations611
Other income (expenses):

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

FAQ

What is Mercado Libre's argentina — total costs & expenses?
Mercado Libre (MELI) reported argentina — total costs & expenses of $1.09B in Q1 2026.
How has Mercado Libre's argentina — total costs & expenses changed year-over-year?
Mercado Libre's argentina — total costs & expenses increased by 48.6% year-over-year, from $734M to $1.09B.
What is the long-term trend for Mercado Libre's argentina — total costs & expenses?
Over 3 years (2022 to 2025), Mercado Libre's argentina — total costs & expenses has grown at a 32.0% compound annual growth rate (CAGR), from $1.51B to $3.48B.
What does argentina — total costs & expenses mean?
This metric aggregates all direct costs of revenue and operating expenses associated with the business segment's activities. It provides a comprehensive view of the total resource consumption required to support the regional marketplace and financial services. Analyzing this figure allows for a holistic assessment of the regional business's total cost structure.

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