MercadoLibre Q4 2025 revenue rises 45% to $8,759 million; net income falls 13%
MercadoLibre released fourth-quarter and full-year 2025 results on February 24, 2026, reporting net revenues and financial income of $8,759 million, up 45% year over year. Net income was $559 million, down 13% year over year, which the company attributed to a normalized tax rate compared with unusually low levels in Q4 2024. Income from operations included $99 million of one-off tax credits; excluding them, operating income declined 4% year over year, so shareholders face higher revenue alongside lower profit.
Key points
- Q4 2025 net revenues and financial income: $8,759 million, up 45% year over year (47% FX-neutral)
- Q4 2025 income from operations: $889 million (10.1% margin), including $99 million of one-off tax credits in Brazil; excluding them, operating income declined 4% year over year with a 9.0% margin
- Q4 2025 net income: $559 million, down 13% year over year
- Adjusted free cash flow: $763 million in Q4 2025 and $1.5 billion for full-year 2025
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 February 24, 2026.
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.