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Mercado Libre MELI Brazil — Operating Lease, Right-of-Use Asset

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$1.19B+116%
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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:OperatingLeaseRightOfUseAsset.

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 itemBrazilMexicoArgentinaU.S.Other CountriesTotal
Right of use asset$1,245$1,458$173$4$177$3,057
Accumulated amortization(278)(272)(47)(2)(56)(655)
Total right of use asset, net$967$1,186$126$2$121$2,402

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

FAQ

What is Mercado Libre's brazil — operating lease, right-of-use asset?
Mercado Libre (MELI) reported brazil — operating lease, right-of-use asset of $967M in Q1 2026.
How has Mercado Libre's brazil — operating lease, right-of-use asset changed year-over-year?
Mercado Libre's brazil — operating lease, right-of-use asset increased by 63.1% year-over-year, from $593M to $967M.
What is the long-term trend for Mercado Libre's brazil — operating lease, right-of-use asset?
Over 2 years (2023 to 2025), Mercado Libre's brazil — operating lease, right-of-use asset has grown at a 48.6% compound annual growth rate (CAGR), from $1.41B to $3.11B.
What does brazil — operating lease, right-of-use asset mean?
This metric reflects the capitalized value of right-of-use assets arising from operating leases for facilities, warehouses, and logistics centers located within the Brazil segment. It represents the company's long-term commitment to physical infrastructure required to support its regional fulfillment and distribution network. Changes in this balance indicate the expansion or contraction of the company's physical footprint in the region.

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