MercadoLibre rebounds 10% after-hours with impressive earnings


All items below are in USD.

FY 2019 FY 2020 FY 2021
Revenue (Growth over prev FY) 2.30B (60%) 3.97B (73%) 7.07B (78%)
Commerce Rev (Growth over prev FY) 1.35B (N/A) 2.56B (90%) 4.64B (81%)
Fintech Rev (Growth over prev FY) 949.9MM (N/A) 1.41B (49%) 2.43B (72%)
GMV (Growth over prev FY) 14.00B (12%) 20.93B (50%) 28.35B (36%)
Unique Active Users (Growth over prev FY) 74.2MM (N/A) 132.5MM (79%) 139.5MM (5%)
Total Payment Volume (Growth over prev FY) 28.39B (54%) 49.76B (75%) 77.37B (56%)
Items Sold (Growth over prev FY) 379MM (13%) 719.3MM (90%) 1.01B (41%)

  • Gross profit margins have fallen each year since 2016, from 63.6% to 59.2%, 48.4%, 48.0%, 43.0%, and 42.5% in FY 21.
  • Current P/S of 6.34, with a forward P/S of 4.8 based on Yahoo Finance showing 23 analysts with an average estimate of 9.34B in FY 22 revenue.
  • MELI does not provide guidance.


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