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

Mercadolibre brought in $28.9B of revenue in fiscal 2025, Visa $40B in fiscal 2025. Revenue changed by +39.1% at Mercadolibre and +11.3% at Visa on the year before, so Mercadolibre grew faster. Mercadolibre kept 6.9% of its revenue as net profit, Visa 50.1%. Free cash flow was $10.8B at Mercadolibre and $21.6B at Visa.

Side by side, latest fiscal year

MELIV
Fiscal year endedFY2025 (December 31, 2025)FY2025 (September 30, 2025)
Revenue$28.9B$40B
Revenue growth+39.1%+11.3%
Net income$2B$20.1B
Net margin6.9%50.1%
Free cash flow$10.8B$21.6B
Free cash flow margin37.3%53.9%
Earnings per share (diluted)$39.40n/a
Cash$3.7B$17.2B
Debt$9.2B$25.2B
Price to earnings44.5n/a
Market value$88.9B$656.4B
Dividend yieldn/a0.16%
Rank by revenue in sector#35 of 778 · Consumer discretionary#24 of 778 · Consumer discretionary

Over the years

Revenue
MELI FY2018: $1.4BMELI FY2019: $2.3BMELI FY2020: $4BMELI FY2021: $7.1BMELI FY2022: $10.8BMELI FY2023: $15.1BMELI FY2024: $20.8BMELI FY2025: $28.9BV FY2018: $20.6BV FY2019: $23BV FY2020: $21.8BV FY2021: $24.1BV FY2022: $29.3BV FY2023: $32.7BV FY2024: $35.9BV FY2025: $40BFY18FY19FY20FY21FY22FY23FY24FY25
MELI $28.9BV $40B
Net income
MELI FY2018: -$36.6MMELI FY2019: -$172MMELI FY2020: -$1MMELI FY2021: $83MMELI FY2022: $482MMELI FY2023: $987MMELI FY2024: $1.9BMELI FY2025: $2BV FY2018: $10.3BV FY2019: $12.1BV FY2020: $10.9BV FY2021: $12.3BV FY2022: $15BV FY2023: $17.3BV FY2024: $19.7BV FY2025: $20.1BFY18FY19FY20FY21FY22FY23FY24FY25
MELI $2BV $20.1B
Net margin
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%V FY2018: 50.0%V FY2019: 52.6%V FY2020: 49.7%V FY2021: 51.1%V FY2022: 51.0%V FY2023: 52.9%V FY2024: 55.0%V FY2025: 50.1%FY18FY19FY20FY21FY22FY23FY24FY25
MELI 6.9%V 50.1%
Revenue growth
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%V FY2019: +11.5%V FY2020: -4.9%V FY2021: +10.3%V FY2022: +21.6%V FY2023: +11.4%V FY2024: +10.0%V FY2025: +11.3%FY19FY20FY21FY22FY23FY24FY25
MELI +39.1%V +11.3%
Free cash flow
MELI FY2018: $137.8MMELI FY2019: $314.3MMELI FY2020: $935MMELI FY2021: $392MMELI FY2022: $2.5BMELI FY2023: $4.6BMELI FY2024: $7.1BMELI FY2025: $10.8BV FY2018: $12.2BV FY2019: $12BV FY2020: $9.7BV FY2021: $14.5BV FY2022: $17.9BV FY2023: $19.7BV FY2024: $18.7BV FY2025: $21.6BFY18FY19FY20FY21FY22FY23FY24FY25
MELI $10.8BV $21.6B

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

Questions about Mercadolibre and Visa

Which is bigger by revenue, Mercadolibre or Visa?

Visa is bigger by revenue: $40B in fiscal 2025, against $28.9B for Mercadolibre in fiscal 2025.

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

Mercadolibre had a net margin of 6.9% in fiscal 2025; Visa had 50.1% in fiscal 2025.

Which grew revenue faster, Mercadolibre or Visa?

In their latest fiscal years revenue changed by +39.1% at Mercadolibre and +11.3% at Visa.

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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