What is the 13F Pro Quality Score for MELI?

13F Pro ranks MERCADOLIBRE INC (MELI) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View MELI's current score at https://13fpro.ai/research/MELI (free sign-up required for the full ranking).

Where does 13F Pro source MELI data?

All MERCADOLIBRE INC fundamentals and ownership data come directly from SEC EDGAR. MERCADOLIBRE INC files with the SEC under CIK 1099590. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is MELI in?

MERCADOLIBRE INC (MELI) is classified in the Consumer Discretionary sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/consumer-discretionary.

What drives MELI's revenue?

Per MERCADOLIBRE INC's latest 10-Q filed with the SEC on 2026-05-08, the biggest revenue drivers are: Brazil ($4.8B, +55% YoY); Mexico ($2.0B, +62% YoY); Argentina ($1.7B, +23% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/MELI.

What are MELI's largest expenses?

MERCADOLIBRE INC's latest 10-Q reports these as the largest expense items: Cost of net revenues and financial expenses ($5.0B, +58% YoY); Provision for doubtful accounts ($1.2B, +107% YoY); Sales and marketing ($982M, +64% YoY). Sourced directly from SEC EDGAR filing text for Q1 2026 (quarter ended March 31, 2026).

How often is MELI research updated on 13F Pro?

MELI's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

MERCADOLIBRE INC(MELI)Stock Analysis

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13F Pro Quality Score

77.5/100

Rank #83 of 2,879 stocksTOP 5%

View Consumer Discretionary peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

90.2/100

Profitability

58.3/100

Balance Sheet

66.7/100

Earnings Quality

74.0/100

Free Cash Flow

89.5/100

Institutional Flow

40.0/100

Revenue Scale

92.9/100

Dilution Risk

94.9/100

MELI Stock Analysis & AI Quality Score

AI stock analysis and institutional research for MERCADOLIBRE INC (MELI), a Consumer Discretionary sector company. 13F Pro's AI-powered ranking engine scores MELI at 77.5/100 on a 32-signal composite quality model, placing it at rank #83 of 2,879 stocks — the top 5% of the AI-ranked universe. MELI scores in the top quartile across revenue scale (92.9), revenue growth (90.2), free cash flow (89.5). Based on the latest XBRL financial filings (Q1 2026), MERCADOLIBRE INC reports quarterly revenue of $8.8B, net income of $417.0M, an operating margin of 6.9%. Top institutional holders of MELI by reported 13-F value include BAILLIE GIFFORD & CO, Capital Research Global Investors, Capital World Investors, based on the most recent SEC filings. MELI trades on the Nasdaq exchange and files with the SEC under CIK 1099590. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate MELI daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for MERCADOLIBRE INC directly from SEC EDGAR. MERCADOLIBRE INC's 13F Pro composite quality score has ranged between 8 and 84 since 2021, currently 77.5 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.

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Fun facts about MERCADOLIBRE INC

Quirks, history, and lore behind MELI — the kind of stuff that makes a stock memorable.

1
The Basics
A Latin American company · large-cap · listed on Nasdaq · headquartered in Uruguay with operations spread across roughly 18 countries.
2
The Numbers
Annual revenue exceeds $14 billion, with its fintech payments volume now rivaling its e-commerce gross merchandise volume — two giant businesses growing in parallel.
3
The History
Founded in 1999 out of a Stanford business school project, it launched in Argentina and bet early that a continent largely unbanked and offline would one day shop and pay digitally.
4
The Secret
Its built-in digital wallet and lending arm is arguably more valuable than the marketplace itself — millions of users get their first-ever bank account through this company's app.
5
The Lore
Early backer eBay once owned a significant stake, but eventually sold it — watching this company outgrow its old mentor to become the dominant force in Latin American e-commerce.
6
The Giveaway
If Amazon and PayPal had a baby and raised it speaking Spanish and Portuguese, you'd get this company — ticker MELI, the undisputed marketplace king from Mexico City to Buenos Aires.

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What's Driving MELI's Business? Latest 10-Q Breakdown

AI-extracted from MERCADOLIBRE INC's 10-Q filed 2026-05-08 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

MercadoLibre's net revenues surged 49% to $8.8B driven by 42% GMV growth and 81% credit originations expansion, though operating margin compressed to 6.9% from 12.9% due to increased provision for doubtful accounts and shipping costs.

Biggest Revenue Drivers

Total revenue: $8.8B+49% YoY

Brazil$4.8B+55% YoY

Driven by 50.9% Commerce growth and 61.1% Fintech growth, boosted by FX tailwind of 10.1% Brazilian Real depreciation

Mexico$2.0B+62% YoY

Driven by 53.7% Commerce growth and 75.7% Fintech growth, boosted by FX tailwind of 14.1% Mexican Peso depreciation

Argentina$1.7B+23% YoY

Driven by 21.0% Commerce growth and 24.0% Fintech growth, offset by 34.1% Argentine Peso depreciation

Other Countries$397M+59% YoY

Includes Brazil, Mexico, Argentina, Chile, Colombia, Peru, Uruguay, Ecuador and other markets

Largest Expense Items

Cost of net revenues and financial expenses$5.0B+58% YoY

Increased shipping operation costs (+$787M), cost of goods sold (+$400M), collection fees (+$185M), and funding costs (+$142M) as a percentage of revenue rose to 56.3% from 53.3%

Provision for doubtful accounts$1.2B+107% YoY

Driven by 81% growth in credit originations, primarily credit cards and consumer products, and increased portfolio duration

Sales and marketing$982M+64% YoY

Increased online/offline marketing (+$250M), buyer protection program (+$75M), and headcount growth of 43%

Product and technology development$699M+27% YoY

Driven by 8% increase in engineering headcount, higher AI expenses, and technology maintenance costs

Watch Items from the Filing

Provision for doubtful accounts surged to $1.2B (14.1% of revenues) from $603M (10.2% of revenues) YoY, driven by aggressive credit originations growth of 81% and increased loan portfolio duration; NIMAL compression to 17.8% from 22.7% signals pressure on credit profitability.
Operating margin compressed 600 basis points YoY to 6.9% despite 49% revenue growth, driven by higher logistics costs, credit loss provisions, and marketing investment; management lowered free shipping threshold in Brazil, a key competitive lever.
Argentina operations face significant headwinds: 34.1% average depreciation of Argentine Peso YoY (vs. 32.7% inflation) partially offset strong local currency growth of 64.8%; provisions for IRRF withholding tax disputes total $592M and ICMS exclusion disputes $131M.
Gross merchandise volume growth of 42% and total payment volume growth of 50% drove fintech revenues up 51% YoY to $3.98B, reflecting strong underlying ecosystem expansion, though monetization pressures evident from margin compression.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q1 2026

$8.8B

Net Income

Q1 2026

$417.0M

Free Cash Flow

Q1 2026

$1.8B

Operating Margin

Q1 2026

6.9%

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+92.7% YoY

$20.78BFY 2024

FY20 $3.97BFY21 $7.07BFY22 $10.78BFY24 $20.78B

Net Income

+296.5% YoY

$1.91BFY 2024

FY20 $-1.0MFY21 $83.0MFY22 $482.0MFY24 $1.91B

Operating Income

+146.1% YoY

$2.63BFY 2024

FY20 $128.0MFY21 $441.0MFY22 $1.07BFY24 $2.63B

EPS (Diluted)

+295.5% YoY

$37.69FY 2024

FY20 $-0.08FY21 $1.67FY22 $9.53FY24 $37.69

Total Assets

+83.4% YoY

$25.20BFY 2024

FY20 $6.53BFY21 $10.10BFY22 $13.74BFY24 $25.20B

Total Debt

+24.0% YoY

$8.54BFY 2024

FY20 $1.41BFY21 $4.80BFY22 $6.89BFY24 $8.54B

Op. Cash Flow

+169.3% YoY

$7.92BFY 2024

FY20 $1.18BFY21 $965.0MFY22 $2.94BFY24 $7.92B

Metric	FY 2024	FY 2022	FY 2021	FY 2020	FY 2018	FY 2016
Revenue	$20.78B +92.7%	$10.78B +52.5%	$7.07B +77.9%	$3.97B +176.0%	$1.44B +70.5%	$844.4M
Net Income	$1.91B +296.5%	$482.0M +480.7%	$83.0M +8400.0%	$-1.0M +97.3%	$-36.6M -126.8%	$136.4M
Operating Income	$2.63B +146.1%	$1.07B +142.4%	$441.0M +244.5%	$128.0M +284.2%	$-69.5M -138.4%	$181.1M
EPS (Diluted)	$37.69 +295.5%	$9.53 +470.7%	$1.67 +2187.5%	$-0.08 +90.2%	$-0.82 -126.5%	$3.09
Total Assets	$25.20B +83.4%	$13.74B +36.0%	$10.10B +54.8%	$6.53B +191.4%	$2.24B +63.8%	$1.37B
Total Debt	$8.54B +24.0%	$6.89B +43.4%	$4.80B +240.8%	$1.41B +91.7%	$735.2M	—
Operating Cash Flow	$7.92B +169.3%	$2.94B +204.7%	$965.0M -18.4%	$1.18B +411.9%	$230.9M +21.4%	$190.3M

AI Insight: MELI Financial Trends

Revenue surged 74% from Q2 2024 to Q1 2026 but debt more than doubled while operating margin compressed 200+ basis points.

• Revenue grew from $5,073M in Q2 2024 to $8,845M in Q1 2026, representing 74% growth over eight quarters.

• Operating margin declined from 14.3% in Q2 2024 to 6.9% in Q1 2026, a compression of 740 basis points.

• Total debt increased 123% from $6,845M in Q2 2024 to $15,243M in Q1 2026 while equity doubled to $7,281M.

⚠ Operating income fell 20% sequentially from $889M in Q4 2025 to $611M in Q1 2026 despite revenue growth.

⚠ Operating cash flow volatility remains high, ranging from $1,031M to $5,209M across recent quarters.

AI Insight: MELI Ratio Trends

MercadoLibre's profitability deteriorated sharply through 2025-2026, with operating margin falling from 14.3% in Q2 2024 to just 6.9% in Q1 2026.

• Operating margin compressed from 14.3% in Q2 2024 to 6.9% in Q1 2026, down 740 basis points.

• ROIC declined from 27.7% in Q2 2024 to 10.8% in Q1 2026, nearly a 17 percentage point drop.

• Net profit margin fell from 10.5% in Q2 2024 to 4.7% in Q1 2026.

• Debt-to-equity ratio increased from 1.87 in Q2 2024 to 2.09 in Q1 2026.

⚠ Operating margin hit a new low of 6.9% in Q1 2026, continuing the downward trend from Q4 2025.

⚠ ROIC dropped to single digits for the first time at 10.8% in Q1 2026.

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Available Research

13F Pro tracks comprehensive data for MERCADOLIBRE INC including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of MELI

BAILLIE GIFFORD & CO
$5.6B3,233,259 sh
Capital Research Global Investors
$4.7B2,717,172 sh
Capital World Investors
$3.8B2,194,481 sh
Capital International Investors
$3.0B1,737,559 sh
MORGAN STANLEY
$2.7B1,585,256 sh
BlackRock, Inc.
$2.4B1,367,064 sh
EAGLE CAPITAL MANAGEMENT LLC
$1.4B785,937 sh
SUSQUEHANNA INTERNATIONAL GROUP, LLP
$1.2B686,500 sh
SUSQUEHANNA INTERNATIONAL GROUP, LLP
$1.1B655,500 sh
SCHRODER INVESTMENT MANAGEMENT GROUP
$1.1B697,086 sh

Fund	Value	Shares
BAILLIE GIFFORD & CO	$5.6B	3,233,259
Capital Research Global Investors	$4.7B	2,717,172
Capital World Investors	$3.8B	2,194,481
Capital International Investors	$3.0B	1,737,559
MORGAN STANLEY	$2.7B	1,585,256
BlackRock, Inc.	$2.4B	1,367,064
EAGLE CAPITAL MANAGEMENT LLC	$1.4B	785,937
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$1.2B	686,500
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$1.1B	655,500
SCHRODER INVESTMENT MANAGEMENT GROUP	$1.1B	697,086

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Is MELI a good stock to buy?

13F Pro's AI-powered analysis of MERCADOLIBRE INC (MELI) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Consumer Discretionary sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for MELI are available on the MELI stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own MELI?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling MELI. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of MERCADOLIBRE INC's investment landscape.