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

Mercadolibre brought in $28.9B of revenue in fiscal 2025, Visa $45.9B in fiscal 2026. Revenue changed by +39.1% at Mercadolibre and +14.8% at Visa on the year before, so Mercadolibre grew faster. Mercadolibre kept 6.9% of its revenue as net profit, Visa 51.2%. Free cash flow was $10.8B at Mercadolibre and $22.1B at Visa.

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Side by side, latest fiscal year

MELIV
Fiscal year endedFY2025 (December 31, 2025)FY2026 (September 30, 2026)
Revenue$28.9B$45.9B
Revenue growth+39.1%+14.8%
Net income$2B$23.5B
Net margin6.9%51.2%
Free cash flow$10.8B$22.1B
Free cash flow margin37.3%48.1%
Earnings per share (diluted)$39.40n/a
Cash$3.7B$12.9B
Debt$9.2B$22.1B
Price to earnings37.8n/a
Market value$75.6B$755.8B
Dividend yieldn/a0.16%
Rank by revenue in sector#37 of 1077 · Consumer discretionary#22 of 1077 · 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 FY2019: $23BV FY2020: $21.8BV FY2021: $24.1BV FY2022: $29.3BV FY2023: $32.7BV FY2024: $35.9BV FY2025: $40BV FY2026: $45.9BFY18FY19FY20FY21FY22FY23FY24FY25FY26
MELI $28.9BV $45.9B
Net income
MELI FY2018: -$36.6MMELI FY2019: -$172MMELI FY2020: -$1MMELI FY2021: $83MMELI FY2022: $482MMELI FY2023: $987MMELI FY2024: $1.9BMELI FY2025: $2BV FY2019: $12.1BV FY2020: $10.9BV FY2021: $12.3BV FY2022: $15BV FY2023: $17.3BV FY2024: $19.7BV FY2025: $20.1BV FY2026: $23.5BFY18FY19FY20FY21FY22FY23FY24FY25FY26
MELI $2BV $23.5B
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 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%V FY2026: 51.2%FY18FY19FY20FY21FY22FY23FY24FY25FY26
MELI 6.9%V 51.2%
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 FY2020: -4.9%V FY2021: +10.3%V FY2022: +21.6%V FY2023: +11.4%V FY2024: +10.0%V FY2025: +11.3%V FY2026: +14.8%FY19FY20FY21FY22FY23FY24FY25FY26
MELI +39.1%V +14.8%
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 FY2019: $12BV FY2020: $9.7BV FY2021: $14.5BV FY2022: $17.9BV FY2023: $19.7BV FY2024: $18.7BV FY2025: $21.6BV FY2026: $22.1BFY18FY19FY20FY21FY22FY23FY24FY25FY26
MELI $10.8BV $22.1B

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: $45.9B in fiscal 2026, 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 51.2% in fiscal 2026.

Which grew revenue faster, Mercadolibre or Visa?

In their latest fiscal years revenue changed by +39.1% at Mercadolibre and +14.8% 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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