MercadoLibre Q3 revenue rises 35% to $5.3 billion; net income up 11% to $397 million
MercadoLibre reported third-quarter 2024 results for the period ended September 30, 2024, in a press release attached to this 8-K. Net revenues and financial income rose 35% year over year to $5.3 billion, and net income rose 11% to $397 million, while income from operations fell to $557 million, a 10.5% margin and a 9.5 percentage point decline from a year earlier. The filing attributes the margin drop mainly to investments in the credit card business, shipping, and a non-recurring customer refund expense.
Key points
- Net revenues and financial income were $5.3 billion, up 35% year over year, or 103% on an FX-neutral basis.
- Income from operations was $557 million, with a 10.5% margin, down 9.5 percentage points on a reported basis.
- Net income was $397 million, up 11% year over year, with a 7.5% net income margin.
- Adjusted free cash flow was negative $203 million in Q3 2024; year-to-date adjusted free cash flow was more than $635 million.
The filing
Written by AI on Nov 8, 2026, 1:21 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 06, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.