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Mercado Libre MELI Other Countries — Local Operating 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+69.6%

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$82.73B-11.4%
Enterprise value$80.05B-16.9%
P/E43.1×-2.2×
P/S2.6×-1.6×

Profitability

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Gross margin43.9%-2.3pp
Operating margin9.6%-3.2pp
Net margin6%-3.2pp

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 meli:LocalOperatingExpenses.

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 other countries — local operating expenses?
Mercado Libre (MELI) reported other countries — local operating expenses of $320M in Q1 2026.
How has Mercado Libre's other countries — local operating expenses changed year-over-year?
Mercado Libre's other countries — local operating expenses increased by 65.8% year-over-year, from $193M to $320M.
What is the long-term trend for Mercado Libre's other countries — local operating expenses?
Over 3 years (2022 to 2025), Mercado Libre's other countries — local operating expenses has grown at a 31.6% compound annual growth rate (CAGR), from $453M to $1.03B.
What does other countries — local operating expenses mean?
The total day-to-day operating costs for the company's business activities in its secondary geographic markets.
How do you interpret other countries — local operating expenses?
An increase may signal aggressive market expansion or rising operational complexity, while a decrease suggests cost-cutting or improved operational leverage.
How does other countries — local operating expenses compare across companies?
Peers in similar growth stages often track regional SG&A to ensure that local market penetration does not outpace revenue growth.