MercadoLibre (MELI)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $96.2B, MercadoLibre's free cash flow of $10.8B (fiscal 2025) would need to grow about -6% a year for the stock to be worth today's price. That is slower than the company has grown its free cash flow over the last 9 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from MercadoLibre's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from MELI's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from MercadoLibre's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $7.1B | $10.5B | $15.1B | $20.8B | $28.9B |
| Net income | $83M | $482M | $987M | $1.9B | $2.0B |
| Free cash flow | $392M | $2.5B | $4.6B | $7.1B | $10.8B |
| EPS (diluted) | $1.67 | $9.53 | $19.46 | $37.69 | $39.40 |
| Operating margin | 6.2% | 10.1% | 14.6% | 12.7% | 11.1% |
Where the revenue comes from
Revenue by segments, fiscal 2025.
Superinvestors who own MELI
From each investor's latest 13F filing (what a 13F shows). 10 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Boykin Curry Eagle Capital Management |
Added | $2.4B | 7.3% | Q2 2026 |
| Chase Coleman Tiger Global Management |
Added | $260M | 1.1% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Added | $133M | 0.05% | Q2 2026 |
| Hersh Cohen ClearBridge Investments |
Trimmed | $114M | 0.09% | Q2 2026 |
| Ron Baron Baron Capital (BAMCO) |
Added | $80M | 0.12% | Q2 2026 |
| Tom Gayner Markel Group Inc. |
Added | $41M | 0.31% | Q2 2026 |
| Wallace Weitz Weitz Investment Management |
Added | $16M | 1.1% | Q2 2026 |
| Dodge & Cox Dodge & Cox |
Held | $3M | 0.00% | Q2 2026 |
| Bill Miller Miller Value Partners |
Trimmed | $3M | 0.69% | Q2 2026 |
| Mario Gabelli GAMCO Investors |
Held | $305,530 | 0.00% | Q2 2026 |
Insider buying
Open-market purchases by MercadoLibre's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Mar 16, 2026 | Gilbert Ray Cisneros, Jr. |
0 | $1,732.33 | — |
| Mar 16, 2026 | Gilbert Ray Cisneros, Jr. |
0 | $1,732.33 | — |
| Feb 27, 2026 | Michael T. Mccaul |
0 | $1,757.58 | — |
| Feb 27, 2026 | Michael T. Mccaul |
0 | $1,757.58 | — |
| Jan 30, 2026 | Michael T. Mccaul |
0 | $2,147.79 | — |
| Jan 30, 2026 | Gilbert Ray Cisneros, Jr. |
0 | $2,147.79 | — |
| Jan 30, 2026 | Gilbert Ray Cisneros, Jr. |
0 | $2,147.79 | — |
| Jan 30, 2026 | Michael T. Mccaul |
0 | $2,147.79 | — |
| Jan 26, 2026 | Michael T. Mccaul |
0 | $2,212.62 | — |
| Jan 26, 2026 | Michael T. Mccaul |
0 | $2,212.62 | — |
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In the full deep dive
Questions
What growth does MercadoLibre's stock price imply?
At a market value of $96.2B, MercadoLibre would need its free cash flow to grow about -6% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 65% a year.
Are MercadoLibre insiders buying the stock?
10 open-market insider purchases of MELI in the last 12 months, from SEC Form 4 filings.
Which superinvestors own MercadoLibre?
10 of the superinvestors Investingly tracks hold MELI in their latest 13F, including Boykin Curry, Chase Coleman, Cliff Asness.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.