Flagship explainer

How MercadoLibre, Inc. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$20.3B · 100%Cost of revenue$16.0B · 79%Gross profit$12.9B · 63%Operating income$3.2B · 16%Income before tax$2.8B · 14%Income tax$845M · 4%Net income$2.0B · 10%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$20.3B100%
Cost of revenue$16.0B79%
$12.9B63%
$3.2B16%
Income before tax$2.8B14%
Income tax$845M4%
$2.0B10%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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