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Mercado Libre MELI Other Countries — Net revenues

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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 other countries — net revenues?
Mercado Libre (MELI) reported other countries — net revenues of $397M in Q1 2026.
How has Mercado Libre's other countries — net revenues changed year-over-year?
Mercado Libre's other countries — net revenues increased by 59.4% year-over-year, from $249M to $397M.
What is the long-term trend for Mercado Libre's other countries — net revenues?
Over 4 years (2021 to 2025), Mercado Libre's other countries — net revenues has grown at a 28.8% compound annual growth rate (CAGR), from $456M to $1.26B.
What does other countries — net revenues mean?
This metric represents the total revenue generated by the company's business operations in geographic regions outside of its primary core markets. It captures the scale of commerce and financial services activity within these emerging or secondary territories, reflecting the company's ability to penetrate and monetize new geographic footprints. This figure is essential for assessing the diversification of the revenue base and the success of international expansion strategies.

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