MERCADOLIBRE INC
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 25, 2026
MELI$1,532.68+1.5%Stored close · as of Nov 9, 2026
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Table of Contents
MERCADOLIBRE, INC.
FORM 10-K
FOR FISCAL YEAR ENDED DECEMBER 31, 2025
| Page | |
|---|---|
| SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS | 4 |
| PART I | |
| ITEM 1. BUSINESS | 5 |
| ITEM 1A. RISK FACTORS | 17 |
| ITEM 1B. UNRESOLVED STAFF COMMENTS | 35 |
| ITEM 1C. CYBERSECURITY | 35 |
| ITEM 2. PROPERTIES | 37 |
| ITEM 3. LEGAL PROCEEDINGS | 37 |
| ITEM 4. MINE SAFETY DISCLOSURES | 37 |
| PART II | |
| ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES | 37 |
| ITEM 6. RESERVED | 38 |
| ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS | 39 |
| ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK | 62 |
| ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA | 65 |
| ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURES | 65 |
| ITEM 9A. CONTROLS AND PROCEDURES | 65 |
| ITEM 9B. OTHER INFORMATION | 66 |
| ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS | 66 |
| PART III | |
| ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE | 66 |
| ITEM 11. EXECUTIVE COMPENSATION | 66 |
| ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDERS MATTERS | 66 |
| ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE | 68 |
| ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES | 68 |
| PART IV | |
| ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES | 69 |
| EXHIBIT INDEX | 70 |
| SIGNATURES | 72 |
3 | MercadoLibre, Inc.
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