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Mercado Libre MELI Argentina — Net revenues and financial income

Other segment segments

Brazil
$4.77B+54.9%
Mexico
$1.98B+61.7%

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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$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:Revenues.

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 service revenues and financial income$3,987$1,774$1,607$347$7,715
Net product revenues78720291501,130
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)

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

FAQ

What is Mercado Libre's argentina — net revenues and financial income?
Mercado Libre (MELI) reported argentina — net revenues and financial income of $1.7B in Q1 2026.
How has Mercado Libre's argentina — net revenues and financial income changed year-over-year?
Mercado Libre's argentina — net revenues and financial income increased by 22.9% year-over-year, from $1.38B to $1.7B.
What is the long-term trend for Mercado Libre's argentina — net revenues and financial income?
Over 4 years (2021 to 2025), Mercado Libre's argentina — net revenues and financial income has grown at a 40.5% compound annual growth rate (CAGR), from $1.53B to $5.96B.
What does argentina — net revenues and financial income mean?
This metric represents the total gross inflows generated by the business segment from both core e-commerce marketplace activities and financial services operations. It captures the top-line performance of the specific geographic region before the deduction of any operating costs or expenses. This figure is critical for assessing the scale and market penetration of the company's ecosystem within the local economy.

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