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Alibaba vs Mercadolibre: revenue, profit, margins and growth compared

Alibaba brought in $148.4B of revenue in fiscal 2026, Mercadolibre $28.9B in fiscal 2025. Revenue changed by +8.1% at Alibaba and +39.1% at Mercadolibre on the year before, so Mercadolibre grew faster. Alibaba kept 10.1% of its revenue as net profit, Mercadolibre 6.9%.

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Side by side, latest fiscal year

BABAMELI
Fiscal year endedFY2026 (March 31, 2026)FY2025 (December 31, 2025)
Revenue$148.4B$28.9B
Revenue growth+8.1%+39.1%
Net income$15B$2B
Net margin10.1%6.9%
Free cash flown/a$10.8B
Free cash flow marginn/a37.3%
Earnings per share (diluted)$0.80$39.40
Cash$19.1B$3.7B
Debtn/a$9.2B
Price to earningsn/a44.5
Market value$256.1B$88.9B
Dividend yieldn/an/a
Rank by revenue in sector#5 of 955 · Consumer discretionary#36 of 955 · Consumer discretionary

Over the years

Revenue
BABA FY2019: $56.2BBABA FY2020: $72BBABA FY2021: $109.5BBABA FY2022: $134.6BBABA FY2023: $126.5BBABA FY2024: $130.4BBABA FY2025: $137.3BBABA FY2026: $148.4BMELI FY2018: $1.4BMELI FY2019: $2.3BMELI FY2020: $4BMELI FY2021: $7.1BMELI FY2022: $10.8BMELI FY2023: $15.1BMELI FY2024: $20.8BMELI FY2025: $28.9BFY18FY19FY20FY21FY22FY23FY24FY25FY26
BABA $148.4BMELI $28.9B
Net income
BABA FY2019: $13.1BBABA FY2020: $21.1BBABA FY2021: $23BBABA FY2022: $9.8BBABA FY2023: $10.6BBABA FY2024: $11.1BBABA FY2025: $17.9BBABA FY2026: $15BMELI FY2018: -$36.6MMELI FY2019: -$172MMELI FY2020: -$1MMELI FY2021: $83MMELI FY2022: $482MMELI FY2023: $987MMELI FY2024: $1.9BMELI FY2025: $2BFY18FY19FY20FY21FY22FY23FY24FY25FY26
BABA $15BMELI $2B
Net margin
BABA FY2019: 23.3%BABA FY2020: 29.3%BABA FY2021: 21.0%BABA FY2022: 7.3%BABA FY2023: 8.4%BABA FY2024: 8.5%BABA FY2025: 13.1%BABA FY2026: 10.1%MELI FY2018: -2.5%MELI FY2019: -7.5%MELI FY2020: -0.0%MELI FY2021: 1.2%MELI FY2022: 4.5%MELI FY2023: 6.5%MELI FY2024: 9.2%MELI FY2025: 6.9%FY18FY19FY20FY21FY22FY23FY24FY25FY26
BABA 10.1%MELI 6.9%
Revenue growth
BABA FY2020: +28.2%BABA FY2021: +52.1%BABA FY2022: +22.9%BABA FY2023: -6.0%BABA FY2024: +3.1%BABA FY2025: +5.3%BABA FY2026: +8.1%MELI FY2019: +59.5%MELI FY2020: +73.1%MELI FY2021: +77.9%MELI FY2022: +52.5%MELI FY2023: +40.1%MELI FY2024: +37.5%MELI FY2025: +39.1%FY19FY20FY21FY22FY23FY24FY25FY26
BABA +8.1%MELI +39.1%
Free cash flow
MELI FY2018: $137.8MMELI FY2019: $314.3MMELI FY2020: $935MMELI FY2021: $392MMELI FY2022: $2.5BMELI FY2023: $4.6BMELI FY2024: $7.1BMELI FY2025: $10.8BFY18FY19FY20FY21FY22FY23FY24FY25
BABAMELI $10.8B

Fiscal years as each company reports them; the two may end in different months.

Questions about Alibaba and Mercadolibre

Which is bigger by revenue, Alibaba or Mercadolibre?

Alibaba is bigger by revenue: $148.4B in fiscal 2026, against $28.9B for Mercadolibre in fiscal 2025.

Which keeps more of its revenue as profit, Alibaba or Mercadolibre?

Alibaba had a net margin of 10.1% in fiscal 2026; Mercadolibre had 6.9% in fiscal 2025.

Which grew revenue faster, Alibaba or Mercadolibre?

In their latest fiscal years revenue changed by +8.1% at Alibaba and +39.1% at Mercadolibre.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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