Financials MercadoLibre, Inc.

Equities

MELI

US58733R1023

Internet Services

Market Closed - Nasdaq Other stock markets 04:00:00 2026-03-04 pm EST			Pre-market 08:56:55 am
1,769.03 ^USD	+3.21%		1,778.98	+0.56%

Mar. 03	Amazon launches Amazon Now service in Brazil to deliver groceries in 15 minutes	RE
Mar. 03	Amazon launches 15 minute grocery delivery in 'priority' market Brazil	RE

Projected Income Statement: MercadoLibre, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	7,069	10,537	14,473	20,777	28,893	38,107	46,994	56,037
Change	-	49.05%	37.35%	43.56%	39.06%	31.89%	23.32%	19.24%
EBITDA ¹	644.6	1,437	2,628	3,248	4,019	5,191	6,946	8,794
Change	-	122.91%	82.88%	23.59%	23.74%	29.16%	33.81%	26.61%
EBIT ¹	440.7	1,034	2,104	2,631	3,201	4,150	5,692	7,412
Change	-	134.63%	103.48%	25.05%	21.66%	29.65%	37.15%	30.22%
Interest Paid ¹	-228.7	-321	-378	-165	-	-171.6	-182.8	-165.5
Earnings before Tax (EBT) ¹	240.6	780	1,553	2,432	2,842	3,927	5,368	7,280
Change	-	224.15%	99.1%	56.6%	16.86%	38.17%	36.69%	35.62%
Net income ¹	83.3	482	987	1,911	1,997	2,849	3,916	5,217
Change	-	478.6%	104.77%	93.62%	4.5%	42.66%	37.46%	33.22%
Announcement Date	2/22/22	2/23/23	2/22/24	2/20/25	2/24/26	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	1,378	1,703	1,857	2,131	2,248	2,597	2,690	3,002	3,037	3,415	3,760	4,261	4,333	5,073	5,312	6,059	5,935	6,790	7,409	8,759	8,311	9,194	9,818	11,217	10,156	11,181	12,078	13,573
Change	-	23.53%	9.09%	14.71%	5.5%	15.52%	3.58%	11.6%	1.17%	12.45%	10.1%	13.32%	1.69%	17.08%	4.71%	14.06%	-2.05%	14.41%	9.12%	18.22%	-5.11%	10.61%	6.79%	14.25%	-9.45%	10.08%	8.02%	12.38%
EBITDA ¹	129.3	212.3	212.7	90.5	223	350	393	471	466	686	820	707	682	880	714	972	935	1,024	933	1,127	1,023	1,218	1,323	1,477	1,366	1,657	1,912	1,939
Change	-	64.22%	0.19%	-57.45%	146.42%	56.95%	12.29%	19.85%	-1.06%	47.21%	19.53%	-13.78%	-3.54%	29.03%	-18.86%	36.13%	-3.81%	9.52%	-8.89%	20.79%	-9.22%	19.02%	8.66%	11.63%	-7.51%	21.27%	15.44%	1.39%
EBIT ¹	90.84	166.2	160.4	23.32	139	250	296	349	340	558	685	572	528	726	557	820	763	825	724	889	767	944.1	1,040	1,197	1,030	1,293	1,517	1,592
Change	-	82.91%	-3.48%	-85.46%	496.16%	79.86%	18.4%	17.91%	-2.58%	64.12%	22.76%	-16.5%	-7.69%	37.5%	-23.28%	47.22%	-6.95%	8.13%	-12.24%	22.79%	-13.72%	23.09%	10.12%	15.13%	-13.99%	25.62%	17.31%	4.91%
Charge d'intérêts ¹	-91.29	-39.34	-44.4	-53.68	-56	-73	-92	-100	-94	-92	-111	-81	-38	-39	-40	-48	-39	-36	-35	-	-42.5	-42.5	-43	-43.75	-40	-40	-40	-40
Earnings before Tax (EBT) ¹	9.537	138.9	126.1	-33.94	111	163	198	308	320	472	531	230	481	668	520	763	706	716	636	784	704.5	865	964.4	1,146	810.4	1,081	1,330	1,472
Change	-	1,356.4%	-9.19%	-126.91%	427.06%	46.85%	21.47%	55.56%	3.9%	47.5%	12.5%	-56.69%	109.13%	38.88%	-22.16%	46.73%	-7.47%	1.42%	-11.17%	23.27%	-10.14%	22.79%	11.48%	18.79%	-29.26%	33.35%	23.02%	10.76%
Net income ¹	-34.01	68.2	95.22	-46.1	65	123	129	165	201	262	359	165	344	531	397	639	494	523	421	559	525.7	648.7	712.1	840.3	623.4	827.9	1,021	1,130
Change	-	300.5%	39.64%	-148.42%	240.99%	89.23%	4.88%	27.91%	21.82%	30.35%	37.02%	-54.04%	108.48%	54.36%	-25.24%	60.96%	-22.69%	5.87%	-19.5%	32.78%	-5.96%	23.41%	9.77%	18.01%	-25.81%	32.79%	23.28%	10.76%
Announcement Date	5/5/21	8/4/21	11/4/21	2/22/22	5/5/22	8/3/22	11/3/22	2/23/23	5/3/23	8/2/23	11/1/23	2/22/24	5/2/24	8/1/24	11/6/24	2/20/25	5/7/25	8/4/25	10/29/25	2/24/26	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: MercadoLibre, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-939	-944	-2,833	-3,469	-	-5,296	-10,864	-16,472
Change	-	-0.53%	-200.11%	-22.45%	-	-	-105.14%	-51.62%
Announcement Date	2/22/22	2/23/23	2/22/24	2/20/25	2/24/26	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: MercadoLibre, Inc.

Fiscal Period: December	2021	2022	2023	2024	2026	2027	2028
CAPEX ¹	572.9	454	509	860	1,576	1,800	2,119
Change	-	-20.76%	12.11%	68.96%	-	14.26%	17.68%
Free Cash Flow (FCF) ¹	392.1	2,486	4,631	7,058	8,988	10,854	9,728
Change	-	534%	86.28%	52.41%	-	20.76%	-10.38%
Announcement Date	2/22/22	2/23/23	2/22/24	2/20/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: MercadoLibre, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	9.12%	13.64%	18.16%	15.63%	13.91%	13.62%	14.78%	15.69%
EBIT Margin (%)	6.23%	9.81%	14.54%	12.66%	11.08%	10.89%	12.11%	13.23%
EBT Margin (%)	3.4%	7.4%	10.73%	11.71%	9.84%	10.3%	11.42%	12.99%
Net margin (%)	1.18%	4.57%	6.82%	9.2%	6.91%	7.48%	8.33%	9.31%
FCF margin (%)	5.55%	23.59%	32%	33.97%	-	23.59%	23.1%	17.36%
FCF / Net Income (%)	470.7%	515.77%	469.2%	369.34%	-	315.49%	277.17%	186.47%
Profitability
ROA	1%	4.04%	6.29%	8.93%	-	6.73%	7.3%	8.22%
ROE	5.23%	28.71%	40.3%	51.5%	-	34.56%	34.57%	32.13%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	8.1%	4.31%	3.52%	4.14%	-	4.13%	3.83%	3.78%
CAPEX / EBITDA (%)	88.88%	31.59%	19.37%	26.48%	-	30.35%	25.92%	24.09%
CAPEX / FCF (%)	146.11%	18.26%	10.99%	12.18%	-	17.53%	16.59%	21.78%
Items per share
Cash flow per share ¹	19.38	57.27	100.8	156.2	-	17.85	142.1	158
Change	-	195.55%	75.96%	54.99%	-	-	696.11%	11.19%
Dividend per Share ¹	-	-	-	-	-	-	-	41.92
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	30.38	36.35	60.58	85.82	-	186.2	264.4	368.2
Change	-	19.66%	66.63%	41.68%	-	-	41.97%	39.25%
EPS ¹	1.67	9.53	19.46	37.69	39.4	56.52	78.29	102.2
Change	-	470.66%	104.2%	93.68%	4.54%	43.46%	38.51%	30.56%
Nbr of stocks (in thousands)	53,459	50,295	50,560	50,697	50,697	50,697	50,697	50,697
Announcement Date	2/22/22	2/23/23	2/22/24	2/20/25	2/24/26	-	-	-