MELI
Market read
The latest filing is mixed. 0 of 32 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.
Invalidation: The isolated read changes if MELI's group or a disclosed connection begins moving with it.
Research brief
The latest filing is mixed. 0 of 32 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.
Company research
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
“For the three-month period ended June 30, 2026, the decrease in other expense, net as compared to the same period in 2025 was primarily attributable to $72 million lower foreign exchange losses mainly from our Argentine subsidiaries.”10-Q · Aug 6, 2026 ↗
“Table of Contents Adjusted free cash flow and Net (decrease) increase in available cash, investments and digital assets Adjusted free cash flow Adjusted free cash flow represents cash from operating activities less the increase (decrease) in cash and cash equ…”10-Q · May 8, 2026 ↗
“The Company’s consolidated effective tax rate for year ended December 31, 2025 as compared to 2024, increased from 21.4 % to 29.7 % largely as a result of lower deductions related to tax inflation adjustments in Argentina.”10-K · Feb 25, 2026 ↗
“This was partially offset by an increase of $26 million in interest expense and other financial losses, mainly attributable to higher levels of indebtedness (mainly in Argentina and Brazil).”10-Q · Aug 6, 2026 ↗
Valuation discipline
Price/sales 4.7× · EV/sales 5.0×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
Jodie has not returned a relevant primary source or news item for MELI. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
10-Q filed 2026-05-08 against the comparable filing from 2025-05-08.
“This increase was mainly generated by: ■ an increase of $866 million in our Credit revenues for the three-month period ended March 31, 2026, mainly as a consequence of higher originations; and ■ an increase of $474 million in our revenues from Financial services and income for the three-month period ended March 31, 2026, mainly related to our off-platform transactional fees and financing transactions, as a result of a 50% increase in our total payment volume.”
“This increase was driven by an increase of $333 million in our Commerce services revenues and an increase of $84 million in our revenues from Commerce product sales.”
“This increase was driven by an increase of $77 million in our Commerce services revenues and an increase of $22 million in our revenues from Commerce product sales.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
“Fintech revenues and financial income are attributable to: ■ commissions representing a percentage of the payment volume processed that are charged to sellers in connection with off-Marketplace platform transactions; ■ commissions from additional fees we char…”
“For the three-month period ended June 30, 2025, the increase in other expense, net as compared to the same period in 2024 was primarily attributable to $59 million higher foreign exchange losses mainly due to our Argentine, Spanish and Uruguayan subsidiaries,…”
“The authority identified potential concerns related to the operation of Buy Box algorithms and the integration of logistics services by Amazon Mexico and Mercado Libre, however, no corrective measures were imposed and the proceeding was closed.”
Filing peers
No filing peers are available for this name yet.
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What is moving around it
MELI is currently a Follower in the organic co-movement group Consumer Cyclicals. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
No durable theme membership has been observed for this name yet.