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MercadoLibre Inc MELI

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Stock XNAS Rating as of
$1,852.22 +44.39 (2.46%)
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Company Report

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MercadoLibre's Platform Investments Drive Competitive Strength and Rapid Revenue Growth

Michael Miller

The year 2025 was another heavy investment year for MercadoLibre, as the company continues to expand its Mercado Envios and Mercado Pago platforms. In our view, this is the correct approach for the firm, as these are key distinguishing features of the company relative to its e-commerce competitors and major drivers of its dominant position in Latin America. Their success also pushes the rising adoption of e-commerce and digital payments in the region, expanding MercadoLibre’s total addressable market.

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Price vs Fair Value

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MELI is trading at a LOCK|hbC@^P& premium.
Price
$1,852.22
Fair Value
LOCK|jK!
Uncertainty
LOCK|X#
1-Star Price
LOCK|L%.FX
5-Star Price
LOCK|nph
Economic Moat
LOCK|!Y
Capital Allocation
LOCK|n$?z#@m

Bulls Say, Bears Say

Bulls

Underdeveloped consumer finance markets in Latin America could be an opportunity for MercadoLibre to expand its credit revenue faster than expected.

Bears

Increasing competition among fintech lenders could lead to a sudden deceleration in credit revenue growth or a deterioration in credit quality if consumers and small businesses become overextended.

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Trading Information

Previous Close Price
$1,807.83
Day Range
$1,810.00–1,884.06
52-Week Range
$1,495.00–2,548.50
Bid/Ask
$1,853.00 / $1,859.79
Shares Outstanding
50.70M
Market Cap
$93.90B
Volume/Avg
406,437 / 535,265

Key Statistics

Price/Earnings (Normalized)
44.55
Price/Sales
2.89
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Total Yield
< 0.01%

Company Profile

MercadoLibre is the largest e-commerce marketplace in Latin America, with more than 120 million unique active buyers and 1 million active sellers at the end of 2025. The company is roughly split between its e-commerce business, which includes its fulfillment and advertising services, and its fintech segment, which comprises its rapidly expanding payment and digital wallet platform (Mercado Pago) and its lending business (Mercado Credito). While the company operates in 18 countries, its primary markets are Brazil, Argentina, and Mexico, which account for more than 95% of its revenue.
Sector
Consumer Cyclical
Industry
Internet Retail
Stock Style Box
Large Growth
Total Number of Employees
123,670
Website
https://www.mercadolibre.com

Competitors

Valuation

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Metric
MELI
BABA
AMZN
Price/Earnings (Normalized)
 44.5526.0035.35
Price/Book Value
 12.631.495.99
Price/Sales
 2.891.643.59
Price/Cash Flow
 14.1716.9815.06
Price/Earnings
MELI
BABA
AMZN

Financial Strength

Metric
MELI
BABA
AMZN
Quick Ratio
 0.751.051.01
Current Ratio
 1.161.281.18
Interest Coverage
 14.915.2844.83
Quick Ratio
MELI
BABA
AMZN

Profitability

Metric
MELI
BABA
AMZN
Return on Assets (Normalized)
 6.19%3.46%11.13%
Return on Equity (Normalized)
 37.34%6.25%22.63%
Return on Invested Capital (Normalized)
 14.48%0.35%15.75%
Return on Assets
MELI
BABA
AMZN

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