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Mercado Libre MELI Argentina — Foreign exchange rate

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$96.26B-20.7%
Enterprise value$93.59B-24.3%
P/E50.1×-9.0×
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:ForeignCurrencyExchangeRateTranslation1.

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

The Company uses Argentina’s official exchange rate to account for transactions in the Argentine segment, which as of March 31, 2026 and December 31, 2025 was 1,382.00 and 1,455.00 Argentine Pesos, respectively, against the U.S. dollar. During the three-month periods ended March 31, 2026 and 2025, Argentina’s official exchange rate against the U.S. dollar decreased by 5.0% and increased by 4.1%, respectively. The average exchange rate for the three-month periods ended March 31, 2026 and 2025 was 1,417.76 and 1,057.00, respectively, resulting in an increase of 34.1%.

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

FAQ

What is Mercado Libre's argentina — foreign exchange rate?
Mercado Libre (MELI) reported argentina — foreign exchange rate of 138,200% in Q1 2026.
How has Mercado Libre's argentina — foreign exchange rate changed year-over-year?
Mercado Libre's argentina — foreign exchange rate increased by 28.7% year-over-year, from 107,400% to 138,200%.
What is the long-term trend for Mercado Libre's argentina — foreign exchange rate?
Over 3 years (2021 to 2025), Mercado Libre's argentina — foreign exchange rate has grown at a 136.0% compound annual growth rate (CAGR), from 38,918% to 511,400%.

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