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U.S. COMPANY FILING

MERCADOLIBRE INC — Form 10-K filed 2026-02-25

Filed: 2026-02-25Company: MERCADOLIBRE INCTicker: MELIExchange: NasdaqForm: 10-KReport period: 2025-12-31SEC accession: 0001099590-26-000006Event: earningsMateriality: 85

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MercadoLibre reported FY2025 net revenues of $28,893 million, up 39.1% YoY, and net income of $1,997 million, up 4.5%. Operating margin declined to 11.1% from 12.7% due to lower free shipping threshold in Brazil and higher credit provisions. Argentina segment grew 56.2%. Capex reached $1,327 million. Risks include macro uncertainty, competition, and regulatory changes.

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