MercadoLibre, Inc. (MELI) Stock

MercadoLibre, Inc. (MELI) is a Technology stock trading at $1814.10 (as of 2026-07-17), with a market capitalization of $91.97B and a trailing P/E of 49.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

MercadoLibre, Inc. operates online commerce platforms in Latin America. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases online; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps. The company also offers Mercado Fondo that allows users to invest funds deposited in their Mercado Pago accounts; Mercado Credito, which extends loans to certain merchants and consumers; and Mercado Envios logistics solution that enables sellers on its platform to utilize third-party carriers and other logistics service providers, as well as fulfillment and warehousing services for sellers. In addition, it provides Mercado Libre Classifieds, an online classified listing service, where users can list and purchase motor vehicles, real estate, and services; Mercado Libre Ads, an advertising platform, which enables large retailers and brands to promote their products and services on the Internet; and Mercado Shops, an online storefronts solution that enables users to set-up, manage, and promote their own digital stores. MercadoLibre, Inc. was incorporated in 1999 and is headquartered in Montevideo, Uruguay.

Understand MercadoLibre, Inc.: how it makes money

MercadoLibre runs online commerce platforms in Latin America, mainly its automated marketplace and its Mercado Pago financial technology payments platform, and it makes money by facilitating online buying and selling and by enabling users to send and receive payments on and off its marketplaces.

The profit engine is the linkage between the marketplace and payments, where commerce activity drives payment transactions on and off Mercado Libre, supporting revenue for both the Commerce side and the Fintech side.

Revenue by segment (latest quarter)
Commerce$7.1B
Fintech$1.7B

Business quality (Solid): Clear two-engine structure (Commerce and Fintech), but the provided segment revenue inputs do not reconcile cleanly to the latest-quarter total, so segment values here are presented as a best-effort split using provided figures.

Valuation: Trades at 43× trailing earnings · $83B market cap.

Bull case

  • Two connected revenue engines: The company operates a marketplace that enables purchases and a payments platform that facilitates transactions on and off its marketplaces, creating a built-in connection between Commerce and Fintech revenues.
  • Geographic scale inside Latin America: Operational metrics are broken out across Brazil, Argentina, Mexico, and Other Countries, indicating diversified exposure within the company’s core region.

Bear case

  • Operating profitability can be sensitive: The latest-quarter operating margin is 6.9%, which leaves less room for cost increases or weaker monetization versus periods of higher margin.
  • Performance may vary by country: Commerce-related operational metrics show different levels by country (Brazil, Argentina, Mexico, and Other Countries), suggesting results could be impacted by local conditions.
Valuation — source: SEC EDGAR (first-party)
Price$1814.10
Market Cap$91.97B
P/E Ratio49.6
EV / EBITDA20.2
Price / Book12.63
Price / Sales3.17
FCF Yield13.0%
DCF Value (model)$1719.74
DCF Upside vs Price-5.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$28.89B
Net Margin6.9%
Revenue Growth (YoY)39.1%
EPS Growth (YoY)4.5%
FCF Growth (YoY)52.6%
Financial Health — source: SEC EDGAR
Altman Z-Score2.79 (grey)
Piotroski F-Score5/9 (moderate)
Valuation vs Sector & Industry
Stock P/E49.6
Sector P/E (Technology)34.7
Industry P/E (Business Services)30.7
vs Sector43.0%
vs Industry61.4%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBAILLIE GIFFORD & CO ($5.59B)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryBusiness Services
CEOAriel Szarfsztejn
Employees84,207
CountryUY
IPO Date2007-08-10

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MELI earnings history · MELI institutional & insider holders · MELI KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-17.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.