MercadoLibre debt and dilution75

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

$10,626M

Cash & equivalents

USD millions

$3,649M

Net debt

USD millions

$6,977M

Debt / equity

1.36×

Debt / assets

20.69%

Net debt / EBITDA

× · TTM

1.79×

Debt / FCF

× · TTM

0.86×

Interest coverage

× · TTM

—

Current ratio

1.12×

Diluted shares

Million shares

50.7M shares

Basic shares

Million shares

50.7M shares

Share count growth

-0%

Share repurchases

USD millions

—

Quarterly data

MercadoLibre capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal period	Ended	Total debtUSD millions	Cash & equivalentsUSD millions	Net debtUSD millions	Debt / equity×	Debt / assets%	Net debt / EBITDA×	Debt / FCF×	Interest coverage×	Current ratio×	Diluted sharesMillion shares	Basic sharesMillion shares	Share count growth%	Share repurchasesUSD millions
FY 2026 Q2	Jun 30, 2026	10,626	3,649	6,977	1.36×	20.69%	1.79×	0.86×	—	1.12×	50.7	50.7	-0%	—
FY 2026 Q1	Mar 31, 2026	9,927	3,677	6,250	1.36×	21.15%	1.59×	0.84×	—	1.16×	50.7	50.7	-0%	—
FY 2025 Q4	Dec 31, 2025	9,193	3,670	5,523	1.36×	21.55%	1.37×	0.85×	—	1.17×	50.7	50.7	-0%	0
FY 2025 Q3	Sep 30, 2025	7,840	2,582	5,258	1.26×	21.37%	1.36×	0.91×	—	1.17×	50.7	50.7	-0%	1
FY 2025 Q2	Jun 30, 2025	7,302	3,008	4,294	1.28×	22.16%	1.18×	0.99×	—	1.2×	50.7	50.7	-0%	—
FY 2025 Q1	Mar 31, 2025	6,433	2,977	3,456	1.29×	23.24%	0.99×	1×	—	1.2×	50.7	50.7	-0%	—
FY 2024 Q4	Dec 31, 2024	5,715	2,635	3,080	1.31×	22.68%	0.95×	0.81×	—	1.21×	50.7	50.7	0.13%	0
FY 2024 Q3	Sep 30, 2024	5,353	2,162	3,191	1.34×	23.66%	1.16×	0.86×	—	1.25×	50.7	50.7	1.38%	0
FY 2024 Q2	Jun 30, 2024	4,642	2,818	1,824	1.27×	23.18%	0.64×	0.82×	—	1.28×	50.7	50.7	1.07%	1
FY 2024 Q1	Mar 31, 2024	4,470	2,579	1,891	1.32×	23.45%	0.71×	0.86×	—	1.27×	50.7	50.7	0.9%	0
FY 2023 Q4	Dec 31, 2023	4,495	2,556	1,939	1.46×	25.47%	0.71×	0.97×	—	1.27×	50.7	50.63	0.69%	0
FY 2023 Q3	Sep 30, 2023	4,454	2,171	2,283	1.62×	27.62%	0.93×	1.03×	—	1.27×	50.21	50.01	-0.63%	149
FY 2023 Q2	Jun 30, 2023	4,767	1,860	2,907	2.12×	31.27%	1.44×	1.16×	—	1.28×	51.15	50.16	-0.4%	146
FY 2023 Q1	Mar 31, 2023	4,832	2,143	2,689	2.37×	34.03%	1.6×	1.33×	—	1.28×	51.24	50.25	-0.32%	61
FY 2022 Q4	Dec 31, 2022	4,758	1,910	2,848	2.6×	34.64%	1.98×	1.91×	—	1.28×	51.27	50.28	0.72%	33
FY 2022 Q3	Sep 30, 2022	4,689	1,455	3,234	2.87×	39.2%	3.06×	2.92×	—	1.34×	51.32	50.33	1.47%	41
FY 2022 Q2	Jun 30, 2022	4,440	1,329	3,111	2.81×	38.79%	3.55×	4.06×	—	1.3×	50.36	50.36	1.09%	35
FY 2022 Q1	Mar 31, 2022	4,097	1,573	2,524	2.58×	37.17%	3.42×	10.3×	—	1.4×	50.41	50.41	1.09%	39
FY 2021 Q4	Dec 31, 2021	3,518.67	2,584.59	934.09	2.3×	34.83%	1.45×	8.97×	—	1.4×	49.93	49.93	0.21%	45.88
FY 2021 Q3	Sep 30, 2021	2,735.53	987.21	1,748.32	22.24×	40.23%	3.11×	303.71×	—	1.23×	49.6	49.6	-0.25%	298.04
FY 2021 Q2	Jun 30, 2021	2,368.27	1,069.91	1,298.36	29.23×	38.55%	2.82×	11.73×	—	1.18×	49.82	49.82	0.23%	116.64
FY 2021 Q1	Mar 31, 2021	2,174.44	862.72	1,311.72	—	41.83%	3.54×	3.15×	—	1.22×	49.87	49.87	0.32%	25.32
FY 2020 Q4	Dec 31, 2020	1,409.27	1,856.39	-447.13	0.85×	21.59%	-1.92×	1.51×	—	1.47×	49.82	49.82	0.22%	14.41
FY 2020 Q3	Sep 30, 2020	1,236.5	1,139.7	96.8	0.71×	21.55%	0.55×	1.53×	—	1.64×	49.72	49.72	0.02%	38.95
FY 2020 Q2	Jun 30, 2020	1,202.58	1,169.55	33.03	0.67×	22.05%	9.49×	1.74×	—	1.79×	49.71	49.71	0.79%	0.72
FY 2020 Q1	Mar 31, 2020	932.8	1,071.22	-138.41	0.5×	20.92%	—	11.96×	—	2.23×	49.71	49.71	8.11%	0
FY 2019 Q4	Dec 31, 2019	817.49	1,384.74	-567.25	0.41×	17.1%	—	2.6×	—	2.16×	49.71	49.71	9.97%	0
FY 2019 Q3	Sep 30, 2019	732.02	1,419.93	-687.91	0.36×	16.49%	—	2.62×	—	2.73×	49.71	49.71	11.49%	0.72
FY 2019 Q2	Jun 30, 2019	—	1,118.66	—	—	—	—	—	—	2.54×	49.32	49.32	11.69%	—
FY 2019 Q1	Mar 31, 2019	—	1,295.89	—	—	—	—	—	—	2.82×	45.98	45.98	4.13%	—
FY 2018 Q4	Dec 31, 2018	735.18	440.33	294.84	2.18×	32.83%	—	5.34×	—	1.3×	45.2	45.2	2.37%	—
FY 2018 Q3	Sep 30, 2018	—	1,028.58	—	—	—	—	—	—	1.62×	44.59	44.59	0.98%	—
FY 2018 Q2	Jun 30, 2018	—	489.16	—	—	—	—	—	-5.02×	1.15×	44.16	44.16	0%	—
FY 2018 Q1	Mar 31, 2018	—	350.41	—	—	—	—	—	-1.95×	1.18×	44.16	44.16	0%	—
FY 2017 Q4	Dec 31, 2017	—	388.26	—	—	—	—	—	3.04×	1.33×	44.16	44.16	0%	—
FY 2017 Q3	Sep 30, 2017	—	461.2	—	—	—	—	—	10.1×	1.44×	44.16	44.16	0%	—
FY 2017 Q2	Jun 30, 2017	—	382.79	—	—	—	—	—	11.63×	1.42×	44.16	44.16	0%	—
FY 2017 Q1	Mar 31, 2017	—	301.39	—	—	—	—	—	11.85×	1.48×	44.16	44.16	0%	—
FY 2016 Q4	Dec 31, 2016	—	234.14	—	—	—	—	—	10.12×	1.51×	44.16	44.16	0%	—
FY 2016 Q3	Sep 30, 2016	—	188	—	—	—	—	—	8.47×	1.53×	44.16	44.16	0%	—
FY 2016 Q2	Jun 30, 2016	—	144.02	—	—	—	—	—	8.06×	1.59×	44.16	44.16	0%	—
FY 2016 Q1	Mar 31, 2016	—	144.89	—	—	—	—	—	8.27×	1.57×	44.16	44.16	0%	—
FY 2015 Q4	Dec 31, 2015	—	166.88	—	—	—	—	—	8.06×	1.72×	44.16	44.16	0.01%	0
FY 2015 Q3	Sep 30, 2015	—	173.02	—	—	—	—	—	8.79×	1.7×	44.16	44.16	0%	0
FY 2015 Q2	Jun 30, 2015	—	170.39	—	—	—	—	—	8.97×	1.58×	44.16	44.16	0%	—
FY 2015 Q1	Mar 31, 2015	—	219.77	—	—	—	—	—	—	1.82×	44.15	44.15	0%	—
FY 2014 Q4	Dec 31, 2014	—	223.14	—	—	—	—	—	14.27×	1.82×	44.15	44.15	0%	0
FY 2014 Q3	Sep 30, 2014	—	237.5	—	—	—	—	—	—	2.01×	44.15	44.15	0%	0
FY 2014 Q2	Jun 30, 2014	—	385.52	—	—	—	—	—	—	2.55×	44.18	44.15	0%	—
FY 2014 Q1	Mar 31, 2014	—	131.14	—	—	—	—	—	—	1.49×	44.15	44.15	0.01%	—
FY 2013 Q4	Dec 31, 2013	—	140.29	—	—	—	—	—	—	1.46×	44.15	44.15	0.01%	0
FY 2013 Q3	Sep 30, 2013	—	128.1	—	—	—	—	—	—	1.44×	44.15	44.15	0.01%	0
FY 2013 Q2	Jun 30, 2013	—	131.19	—	—	—	—	—	—	1.57×	44.15	44.15	0.01%	—
FY 2013 Q1	Mar 31, 2013	—	122.17	—	—	—	—	—	—	1.58×	44.15	44.15	0.02%	—
FY 2012 Q4	Dec 31, 2012	—	101.49	—	—	—	—	—	—	1.62×	44.15	44.15	0.02%	—
FY 2012 Q3	Sep 30, 2012	—	98.17	—	—	—	—	—	—	1.78×	44.16	44.15	0.02%	—
FY 2012 Q2	Jun 30, 2012	—	87.6	—	—	—	—	—	—	1.77×	44.15	44.15	0.02%	—
FY 2012 Q1	Mar 31, 2012	—	75.87	—	—	—	—	—	—	1.81×	44.15	44.14	0.02%	—
FY 2011 Q4	Dec 31, 2011	—	67.38	—	—	—	—	—	—	1.69×	44.15	44.14	0.02%	—
FY 2011 Q3	Sep 30, 2011	—	59.08	—	—	—	—	—	—	1.67×	44.15	44.14	0.03%	—
FY 2011 Q2	Jun 30, 2011	—	44.25	—	—	—	—	—	—	1.58×	44.15	44.14	0.04%	—
FY 2011 Q1	Mar 31, 2011	—	50.97	—	—	—	—	—	—	1×	44.15	44.13	—	—
FY 2010 Q4	Dec 31, 2010	—	56.83	—	—	—	—	—	—	1.15×	44.15	44.13	—	—
FY 2010 Q3	Sep 30, 2010	—	44.45	—	—	—	—	—	—	1.16×	44.15	44.13	—	—
FY 2010 Q2	Jun 30, 2010	—	31.57	—	—	—	—	—	—	1.03×	44.15	44.12	—	—

Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · MELI, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt: Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents: Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt: Total debt − cash and equivalents. Negative means net cash.
Debt / equity: Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets: Total debt / total assets × 100.
Net debt / EBITDA: Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF: Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage: TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio: Current assets / positive current liabilities.
Diluted shares: Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares: Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth: Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases: Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.