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Mercadolibre Inc. (MELI) Stock Fundamental Analysis & AI Rating 2026

MELI Nasdaq Services-Business Services, NEC CIK: 0001099590
Recently Updated • Analysis: May 9, 2026 • SEC Data: 2026-03-31
Combined AI Rating
BUY
68% Confidence
N/A
BUY
68% Conf
Pending
Analysis scheduled

📊 MELI Key Takeaways

Revenue: $8.8B
Net Margin: 4.7%
Free Cash Flow: $1.8B
Current Ratio: 1.16x
Debt/Equity: 1.36x
EPS: $8.23
AI Rating: BUY with 68% confidence
Mercadolibre Inc. (MELI) receives a BUY rating with 68% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $8.8B, net profit margin of 4.7%, and return on equity (ROE) of 5.7%, Mercadolibre Inc. demonstrates strong fundamentals in the Services sector. Below is our complete MELI stock analysis for 2026.

Is Mercadolibre Inc. (MELI) a Good Investment?

Claude

MercadoLibre demonstrates exceptional 42% revenue growth with fortress-like free cash flow generation ($1.8B, 20.4% margin), indicating a fundamentally sound platform business. However, weak capital returns (ROE 5.7%, ROA 0.9%), thin operating margins (6.9%), and elevated leverage (1.36x D/E) reflect a company in aggressive expansion mode that must improve profitability conversion and deleverage to justify growth premium.

Why Buy Mercadolibre Inc. Stock? MELI Key Strengths

Claude
  • + Exceptional revenue growth of 42% YoY indicates strong market demand and competitive positioning
  • + Outstanding free cash flow generation ($1.8B) with 20.4% FCF margin shows core business model is cash accretive
  • + Strong interest coverage ratio (64.1x) demonstrates ability to service debt obligations with minimal financial stress

MELI Stock Risks: Mercadolibre Inc. Investment Risks

Claude
  • ! Extremely weak return on equity (5.7%) and return on assets (0.9%) indicate capital inefficiency despite revenue scale
  • ! Thin operating margin (6.9%) and net margin (4.7%) suggest limited profitability relative to massive revenue base
  • ! Elevated leverage (1.36x D/E, $9.9B long-term debt) with modest liquidity ratios (1.16x current) creates vulnerability if growth decelerates

Key Metrics to Watch

Claude
  • * Operating margin expansion and net margin improvement as company scales
  • * Debt-to-equity ratio trajectory and absolute debt reduction from strong FCF generation
  • * Return on equity and return on assets trends to confirm capital allocation efficiency

Mercadolibre Inc. (MELI) Financial Metrics & Key Ratios

Revenue
$8.8B
Net Income
$417.0M
EPS (Diluted)
$8.23
Free Cash Flow
$1.8B
Total Assets
$46.9B
Cash Position
$3.7B

💡 AI Analyst Insight

The 20.4% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments.

MELI Profit Margin, ROE & Profitability Analysis

Gross Margin 43.7%
Operating Margin 6.9%
Net Margin 4.7%
ROE 5.7%
ROA 0.9%
FCF Margin 20.4%

MELI vs Services Sector: How Mercadolibre Inc. Compares

How Mercadolibre Inc. compares to Services sector averages

Net Margin
MELI 4.7%
vs
Sector Avg 10.0%
MELI Sector
ROE
MELI 5.7%
vs
Sector Avg 16.0%
MELI Sector
Current Ratio
MELI 1.2x
vs
Sector Avg 1.5x
MELI Sector
Debt/Equity
MELI 1.4x
vs
Sector Avg 0.7x
MELI Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Mercadolibre Inc. Stock Overvalued? MELI Valuation Analysis 2026

Based on fundamental analysis, Mercadolibre Inc. shows some fundamental concerns relative to the Services sector in 2026.

Return on Equity
5.7%
Sector avg: 16%
Net Profit Margin
4.7%
Sector avg: 10%
Revenue Growth
N/A
Year-over-year
Debt/Equity
1.36x
Sector avg: 0.7x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Mercadolibre Inc. Balance Sheet: MELI Debt, Cash & Liquidity

Current Ratio
1.16x
Quick Ratio
1.14x
Debt/Equity
1.36x
Debt/Assets
84.5%
Interest Coverage
64.13x
Long-term Debt
$9.9B

MELI Revenue & Earnings Growth: 5-Year Financial Trend

MELI 5-year financial data: Year 2021: Revenue $7.1B, Net Income $11.9M, EPS $0.13. Year 2022: Revenue $10.5B, Net Income -$21.0M, EPS $-0.44. Year 2023: Revenue $10.5B, Net Income -$34.0M, EPS $-0.68. Year 2024: Revenue $15.1B, Net Income $482.0M, EPS $9.53. Year 2025: Revenue $20.3B, Net Income $987.0M, EPS $19.46.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Mercadolibre Inc.'s revenue has grown significantly by 188% over the 5-year period, indicating strong business expansion. The most recent EPS of $19.46 reflects profitable operations.

MELI Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
20.4%
Free cash flow / Revenue

MELI Quarterly Earnings & Performance

Quarterly financial performance data for Mercadolibre Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $4.2B $417.0M $8.23
Q3 2025 $3.9B $344.0M $7.83
Q2 2025 $3.8B $344.0M $10.31
Q1 2025 $3.1B $344.0M $6.78
Q3 2024 $2.7B $165.0M $7.16
Q2 2024 $2.5B $165.0M $5.16
Q1 2024 $2.2B $165.0M $3.97
Q3 2023 $2.7B $65.0M $2.56

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Mercadolibre Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$2.1B
Cash generated from operations
Stock Buybacks
$1.0M
Shares repurchased (TTM)
Capital Expenditures
$271.0M
Investment in assets
Dividends
None
No dividend program

MELI SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Mercadolibre Inc. (CIK: 0001099590)

📋 Recent SEC Filings

Date Form Document Action
May 8, 2026 10-Q meli-20260331.htm View →
May 7, 2026 8-K meli-20260507.htm View →
Apr 23, 2026 DEF 14A meli-20260423.htm View →
Apr 3, 2026 8-K meli_8k-033126.htm View →
Mar 2, 2026 4 xslF345X05/wk-form4_1772489885.xml View →

Frequently Asked Questions about MELI

What is the AI rating for MELI?

Mercadolibre Inc. (MELI) has an AI rating of BUY with 68% confidence, based on fundamental analysis of SEC EDGAR filings.

What are MELI's key strengths?

Claude: Exceptional revenue growth of 42% YoY indicates strong market demand and competitive positioning. Outstanding free cash flow generation ($1.8B) with 20.4% FCF margin shows core business model is cash accretive.

What are the risks of investing in MELI?

Claude: Extremely weak return on equity (5.7%) and return on assets (0.9%) indicate capital inefficiency despite revenue scale. Thin operating margin (6.9%) and net margin (4.7%) suggest limited profitability relative to massive revenue base.

What is MELI's revenue and growth?

Mercadolibre Inc. reported revenue of $8.8B.

Does MELI pay dividends?

Mercadolibre Inc. does not currently pay dividends.

Where can I find MELI SEC filings?

Official SEC filings for Mercadolibre Inc. (CIK: 0001099590) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is MELI's EPS?

Mercadolibre Inc. has a diluted EPS of $8.23.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is MELI a good stock to buy right now?

Based on our AI fundamental analysis in May 2026, Mercadolibre Inc. has a BUY rating with 68% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.

Is MELI stock overvalued or undervalued?

Valuation metrics for MELI: ROE of 5.7% (sector avg: 16%), net margin of 4.7% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.

Should I buy MELI stock in 2026?

Our dual AI analysis gives Mercadolibre Inc. a combined BUY rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is MELI's free cash flow?

Mercadolibre Inc.'s operating cash flow is $2.1B, with capital expenditures of $271.0M. FCF margin is 20.4%.

How does MELI compare to other Services stocks?

Vs Services sector averages: Net margin 4.7% (avg: 10%), ROE 5.7% (avg: 16%), current ratio 1.16 (avg: 1.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 9, 2026 | Data as of: 2026-03-31 | Powered by Claude AI