MercadoLibre Valuation Multiples

MercadoLibre is valued at $88B as of November 2026, a 2.4x revenue multiple. In the last 12 months, MercadoLibre revenue was $40B and MercadoLibre EBITDA was $4B.

MercadoLibre Overview

About MercadoLibre

MercadoLibre is a publicly listed e-commerce and financial technology company founded in Buenos Aires in 1999 by Marcos Galperin. It operates an online marketplace, the Mercado Pago payments and credit business, the Mercado Envios logistics network and an advertising unit across eighteen Latin American countries. The company is incorporated in Delaware, trades on the Nasdaq under the symbol MELI and has its headquarters in Montevideo, Uruguay. It reported revenues of 28.9 billion dollars for 2025 and operating income of 3.2 billion dollars, with about 123,670 employees. Its commerce and fintech services reached 131 million unique buyers over the twelve months to the second quarter of 2026. The company has grown through acquisitions of classifieds portals, logistics and payments businesses and through minority investments made partly through its corporate venture fund.


Founded

1999

HQ

Argentina

Employees

123.7K

Financials (LTM)

Revenue: $40B
EBITDA: $4B

EV

$96B

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MercadoLibre Financials

MercadoLibre reported last 12-month revenue of $40B and EBITDA of $4B.

In the same LTM period, MercadoLibre generated $17B in gross profit, $4B in EBITDA, and $1.9B in net income.

Revenue (LTM)


MercadoLibre P&L

In the most recent fiscal year, MercadoLibre reported revenue of $29B and EBITDA of $3.7B.

MercadoLibre is profitable as of last fiscal year, with gross margin of 45%, EBITDA margin of 13%, and net margin of 7%.

See analyst estimates for MercadoLibre
LTMLast FY202320242025202620272028
Revenue$40B$29B$14B$21B$29B
Gross Profit$17B$13B$7.2B$9.6B$13B
Gross Margin42%45%50%46%45%
EBITDA$4B$3.7B$2.5B$3.2B$3.7B
EBITDA Margin10%13%17%15%13%
EBIT Margin7%11%13%13%11%
Net Profit$1.9B$2B$987M$1.9B$2B
Net Margin5%7%7%9%7%
Net Debt-$5.9B---

Financial data powered by Morningstar, Inc.

MercadoLibre Stock Performance

MercadoLibre has current market cap of $88B, and enterprise value of $96B.

Market Cap Evolution


MercadoLibre's stock price is $1,739.88.

MercadoLibre share price increased by 7.1% in the last 30 days, and decreased by 16.0% in the last year.

MercadoLibre has an EPS (earnings per share) of $39.39.

See more trading valuation data for MercadoLibre
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$96B$88B4.7%7.1%-10.1%-16.0%$39.39

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MercadoLibre Valuation Multiples

MercadoLibre trades at 2.4x EV/Revenue multiple, and 23.7x EV/EBITDA.

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EV / Revenue (LTM)


MercadoLibre Financial Valuation Multiples

As of November 5, 2026, MercadoLibre has market cap of $88B and EV of $96B.

MercadoLibre has a P/E ratio of 45.3x.

LTMLast FY202320242025202620272028
EV/Revenue2.4x3.3x6.6x4.6x3.3x
EV/EBITDA23.7x26.0x39.0x29.8x26.0x
EV/EBIT32.9x29.9x52.6x36.4x29.9x
EV/Gross Profit5.7x7.5x13.3x10.0x7.5x
P/E45.3x44.2x89.4x46.2x44.2x
EV/FCF14.2x8.9x20.7x13.6x8.9x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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MercadoLibre Margins & Growth Rates

MercadoLibre grew revenue by 45% and EBITDA by 10% in the last fiscal year.

In the most recent fiscal year, MercadoLibre reported gross margin of 45%, EBITDA margin of 13%, and net margin of 7%.

See estimated margins and future growth rates for MercadoLibre

MercadoLibre Margins

Last FY202420252026202720282029
Gross Margin45%46%45%42%
EBITDA Margin13%15%13%10%
EBIT Margin11%13%11%7%
Net Margin7%9%7%5%
FCF Margin37%34%37%16%

MercadoLibre Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth45%44%39%45%
Gross Profit Growth37%33%34%37%
EBITDA Growth10%31%15%10%
EBIT Growth(11%)44%22%(11%)
Net Profit Growth(3%)94%5%(3%)
FCF Growth(39%)52%53%(39%)

Data powered by FactSet, Inc. and Morningstar, Inc.

MercadoLibre Operational KPIs

MercadoLibre's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.

MercadoLibre's Rule of 40 is 54% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

MercadoLibre's Rule of X is 121% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for MercadoLibre
LTMLast FY202320242025202620272028
Rule of 4041%54%---
Bessemer Rule of X87%121%---
Revenue per Employee-$0.2M---
Opex per Employee-$0.1M---
S&M Expenses to Revenue11%11%12%11%11%
G&A Expenses to Revenue3%4%5%5%4%
R&D Expenses to Revenue7%8%13%9%8%
Opex to Revenue-33%37%33%33%

Data powered by FactSet, Inc. and Morningstar, Inc.

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MercadoLibre Competitors

MercadoLibre competitors include DoorDash, Carvana, Prosus, Pinduoduo, Meituan, eBay, Sea, Rocket Companies, Expedia and Uber.

Most MercadoLibre public comparables operate across Consumer Marketplaces, Horizontal Marketplaces, B2B Payments, Consumer E-commerce, Horizontal E-commerce, FinTech and RetailTech.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
DoorDash$14B$1.5B6.1x4.9x56.9x23.2x
Carvana$20B($110M)4.4x3.2x(808.0x)31.3x
Prosus$9.7B$1.1B8.7x7.5x80.4x110.5x
Pinduoduo$65B$15B0.8x0.7x3.5x3.1x
Meituan$55B($2.2B)0.9x0.8x(22.1x)56.7x
eBay$11B$2.7B5.4x4.8x22.3x15.9x
Sea$23B$2.4B1.9x1.5x18.8x12.5x
Rocket Companies$6.3B$1.4B6.8x4.1x31.5x16.4x

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MercadoLibre VC Funding History

Before going public, MercadoLibre raised $750M in total equity funding, across 2 rounds.


MercadoLibre Funding Rounds

DateStageInvestorsRaisedValuationRev. MultipleDeal Summary
Mar-19Strategic investmentDragoneer; PayPal$750M-PayPal agreed in March 2019 to invest 750 million US dollars in MercadoLibre common stock through a private placement, as part of an equity offering of about 1.8 billion dollars announced by the company. The remaining 1 billion dollars was offered to the public as common stock, and PayPal's and Dragoneer's investments were contingent on the company raising that amount publicly. The strategic investment deepened an existing commercial relationship between the payments group and the Latin American marketplace. MercadoLibre operates an online marketplace, the Mercado Pago payments service and a logistics network across Latin America. The proceeds supported the expansion of its fintech and logistics operations. No valuation or ownership percentage was disclosed in the coverage of the announcement.
Sep-01Strategic investmenteBay--eBay took a 19.5 percent stake in MercadoLibre in September 2001, according to the company's history. The ownership interest was received in return for MercadoLibre's acquisition of the Brazilian subsidiary of the iBazar online auction business, which eBay controlled. The arrangement made eBay a long-term shareholder and commercial partner of the Latin American marketplace. eBay later sold the majority of its stake in 2016, saying the relationship between the two companies remained strong. MercadoLibre was founded in Buenos Aires in 1999 and operates an online marketplace across Latin America. The terms of the share exchange were not disclosed in the sources reviewed.

Acquisitions by MercadoLibre

MercadoLibre has acquired 15 companies to date.

Last acquisition by MercadoLibre was on September 19th 2025. MercadoLibre acquired Nikos DTVM for undisclosed valuation.

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Latest Acquisitions by MercadoLibre

Nikos DTVM
Nikos Investimentos
Alice Biometrics
Redelcom
Description
-
Nikos Investimentos is a São Paulo-based fintech platform that equips asset management firms with end-to-end technological platforms, operational support, and regulatory compliance tools tailored for the Brazilian market. The company enables fund administrators to launch and manage investment products efficiently through white-label solutions covering investor registration, portfolio tracking, and reporting. It maintains a robust distribution network connecting funds to institutional and retail investors across Brazil, facilitating access to alternative investments like private equity and real estate funds.
Alice Biometrics is a Vigo identity-verification software company formed in 2019 as the first commercial spin-off from the Gradiant research center. Its software checks identity documents, matches a user's face to the submitted document and performs passive liveness testing during remote onboarding. Banks, telecommunications companies, insurers, gambling operators and mobility platforms use the product to automate know-your-customer and anti-money-laundering checks. The product is delivered as business software that can be incorporated into a customer's digital registration flow. Revenue comes from software subscriptions and usage-linked verification services sold to organizations. Mercado Libre became the sole shareholder after acquiring the company, while the Alice product and Spanish operating entity continued to support biometric identity workflows.
Redelcom is a Santiago-based fintech platform in Chile that delivers secure payment processing for online and in-person transactions. It integrates with debit and credit cards from Visa, Mastercard, and local networks, supports recurring billing, and provides fraud detection through tokenization. The service connects to major Chilean banks like BancoEstado and Santander, enabling e-commerce gateways for retailers and subscription models.
HQ CountryBrazilBrazilSpainChile
HQ City
-
Rio de Janeiro
Vigo
Santiago
Deal Date19 Sep 202519 Sep 202512 Nov 202413 Dec 2021
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Investments by MercadoLibre

MercadoLibre has invested in 4 companies to date.

Latest investment by MercadoLibre was on January 20th 2022. MercadoLibre invested in 2TM in their Strategic investment round.

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Latest Investments by MercadoLibre

2TM
Paxos
Aleph Group
Digital House
Description
2TM is a Brazilian holding company that owns Mercado Bitcoin and other providers of solutions in crypto and blockchain. The group was born in 2013 and describes its flagship platform as the largest digital asset platform in Latin America, with a base of more than four million clients. Its sister businesses include a digital custodian, an asset tokenizer, an equity crowdfunding platform and an educational arm. SoftBank's Latin America fund led a US$200 million Series B in 2021 that valued the group at US$2.1 billion, followed by a US$50.3 million second closing, and Mercado Libre bought shares in January 2022. In 2021 and 2022 the group bought Par Mais, Portal do Bitcoin, Blockchain Academy, CriptoLoja and Wuzu, and it launched a venture unit, 2TM Ventures, in December 2021. The company is registered in Sao Paulo and in July 2026 announced a Series C first closing of about R$100 million led by Tether.
Paxos is a United States blockchain infrastructure and financial-technology company founded in 2012 and headquartered in New York. The company provides regulated technology for tokenizing, custodying, trading and settling digital assets. Financial institutions and consumer platforms use its application interfaces and operational infrastructure to offer cryptocurrency brokerage, custody and stablecoin services to their own customers. Paxos has issued or supported regulated digital assets including Pax Dollar, Pax Gold, PayPal USD and Global Dollar. It earns fees from infrastructure, custody, issuance, brokerage and transaction services supplied to enterprise clients. At the time of Mercado Libre's investment, customers and partners included PayPal, Interactive Brokers, Bank of America and several global banks. Paxos also powered the Mercado Pago experience that let Brazilian users buy, hold and sell Bitcoin, Ether and the USDP stablecoin from their digital accounts.
Aleph Group is a global digital-advertising infrastructure company that connects major online media platforms with advertisers in markets where those platforms require local commercial representation. The group operates through regional businesses including IMS Internet Media Services and maintains teams across Latin America, Europe, the Middle East, Africa and Asia. It provides local sales, campaign support, payments, compliance and technology that allow advertisers to buy digital media across multiple platforms. Aleph also develops payment and financial-technology capabilities intended to simplify cross-border advertising transactions. Its customers include global digital platforms, advertising agencies and brands seeking audiences in high-growth markets. Revenue is generated through media representation, advertising services, technology and related transaction services. MercadoLibre invested strategically in Aleph in 2021 alongside an agreement to collaborate on monetizing advertising inventory and developing digital-advertising opportunities.
Digital House is a Latin American education-technology company that provides training in programming, data, artificial intelligence, digital marketing and other technology disciplines. Based in Buenos Aires, it delivers remote and immersive courses designed around practical projects and skills used by employers. Its programs serve individual learners seeking entry into or advancement within digital careers, as well as companies developing technical capabilities in their workforces. Digital House also works with technology employers and other institutions to design curricula and connect graduates with employment opportunities. In 2021 it announced more than US$50 million of new financing to continue developing its digital learning platform and expand regional partnerships. Mercado Libre and Globant also worked with Digital House on the Certified Tech Developer program, a multi-year curriculum intended to prepare technology professionals across Latin America. The company earns revenue from course enrollment, training programs and enterprise learning services.
HQ CountryBrazilUnited StatesUnited Arab EmiratesArgentina
HQ City
Sao Paulo
New York City, NY
Dubai
Buenos Aires
Deal Date20 Jan 202220 Jan 202218 Aug 202125 Mar 2021
RoundStrategic investmentStrategic investmentStrategic investmentUndisclosed stage
Raisedundisclosedundisclosed$25M$50M
InvestorsMercadoLibre; Mercado Libre FundMercadoLibre; Mercado Libre FundMercadoLibre; Mercado Libre FundRiverwood Capital; Kaszek; MercadoLibre; Mercado Libre Fund; Globant; Bossa Invest
Valuationundisclosedundisclosed$2Bundisclosed
EV/Revenue
EV/EBITDA

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About MercadoLibre

When was MercadoLibre founded?MercadoLibre was founded in 1999.
Where is MercadoLibre headquartered?MercadoLibre is headquartered in Argentina.
How many employees does MercadoLibre have?As of today, MercadoLibre has over 123K employees.
Who is the CEO of MercadoLibre?MercadoLibre's CEO is Ariel Szarfsztejn.
Is MercadoLibre publicly listed?Yes, MercadoLibre is a public company listed on Nasdaq.
What is the stock symbol of MercadoLibre?MercadoLibre trades under MELI ticker.
When did MercadoLibre go public?MercadoLibre went public in 2019.
Who are competitors of MercadoLibre?MercadoLibre main competitors include DoorDash, Carvana, Prosus, Pinduoduo, Meituan, eBay, Sea, Rocket Companies, Expedia, Uber.
What is the current market cap of MercadoLibre?MercadoLibre's current market cap is $88B.
What is the current revenue of MercadoLibre?MercadoLibre's last 12 months revenue is $40B.
What is the current revenue growth of MercadoLibre?MercadoLibre revenue growth (NTM/LTM) is 31%.
What is the current EV/Revenue multiple of MercadoLibre?Current revenue multiple of MercadoLibre is 2.4x.
What is the current EBITDA of MercadoLibre?MercadoLibre's last 12 months EBITDA is $4B.
What is MercadoLibre's EBITDA margin?MercadoLibre's last 12 months EBITDA margin is 10%.
What is the current EV/EBITDA multiple of MercadoLibre?Current EBITDA multiple of MercadoLibre is 23.7x.
What is the current FCF of MercadoLibre?MercadoLibre's last 12 months FCF is $6.7B.
What is MercadoLibre's FCF margin?MercadoLibre's last 12 months FCF margin is 17%.
What is the current EV/FCF multiple of MercadoLibre?Current FCF multiple of MercadoLibre is 14.2x.
How many companies MercadoLibre has acquired to date?As of November 2026, MercadoLibre has acquired 15 companies.
What was the largest acquisition by MercadoLibre?$38M acquisition of VMK on 9th April 2014 was the largest M&A MercadoLibre has done to date.
What companies MercadoLibre acquired?MercadoLibre acquired VMK, Metros Cubicos, Machinalis, AXADO Informação e Tecnologia, BVision, Monits, Alice Biometrics, Lagash, Nikos DTVM, DeRemate, and 5 other companies.
In how many companies MercadoLibre has invested to date?As of November 2026, MercadoLibre has invested in 4 companies.
What was the last MercadoLibre investment?On 20th January 2022 MercadoLibre invested in 2TM, participating in a Strategic investment round, alongside Mercado Libre Fund.
In what companies MercadoLibre invested in?MercadoLibre invested in Digital House, Aleph Group, 2TM, and Paxos.

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