Company: MELI

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Q1 2026

MELI Q1 2026 Free Shipping Got Cut in Brazil - and Operating Margin Nearly HalvedMay 27

Q4 2025

MELI Q4 2025 Revenue Grew 39% This Year - So Why Did Net Income Barely Move?Mar 10

Q3 2025

MELI Q3 2025 A Brazilian Court Just Handed Down a $501 Million Tax Bill - Why Isn't It in the Headlines?Nov 14

Q2 2025

MELI Q2 2025 MELI's Stock Doubled in Two Years - So Why Did Net Income Just Fall?Aug 20

Q1 2025

MELI Q1 2025 MELI's Credit Book Grew 75% - So Why Did Free Cash Flow Go Negative?May 19

Q4 2024

MELI Q4 2024 Net Income Nearly Doubled in 2024 - So Why Did the Company's Own Auditor Flag the Credit Book?Mar 25

Q3 2024

MELI Q3 2024 Why Did Operating Income Fall 29% While Revenue Grew 35%?Nov 25

Q2 2024

MELI Q2 2024 Is Margin Being Traded for Market Share in Mexico?Sep 05

Q1 2024

MELI Q1 2024 Why Argentina's Revenue Fell 22% in a Quarter It Was Actually BoomingMay 24

Q4 2023

MELI Q4 2023 A Decade-Old Tax Dispute Just Cut Quarterly Profit by More Than HalfFeb 27

Q3 2023

MELI Q3 2023 A Stock Buyback That Lost $386 Million to Argentina's Currency ControlsNov 06

Q2 2023

MELI Q2 2023 Every Country Segment Improved Margin Again - Is the Business Actually This Consistent?Aug 25

Q1 2023

MELI Q1 2023 Operating Income Jumped 144% - Is the Credit Book Finally Under Control, or Just Standing Still?Jun 05

Q4 2022

MELI Q4 2022 Net Income Jumped 5.8x in a Year - But Is the Credit Book Growing Faster Than It Can Manage?Mar 10

Q3 2022

MELI Q3 2022 Past-Due Loans Just Hit 37% of the Credit Portfolio - Three Quarters Running. Should Investors Worry?Nov 21

Q2 2022

MELI Q2 2022 The Stock Fell 66% From Its Peak This Quarter - The Business Grew Revenue 52% and Turned Its Best Q2 Profit EverAug 19

Q1 2022

MELI Q1 2022 It Turned Profitable Again - So Why Is Operating Cash Flow Still Negative $233 Million?May 19

Q4 2021

MELI Q4 2021 Turned Profitable for the Year - But Q4 Alone Was a Net LossMar 21

Q3 2021

MELI Q3 2021 Both Brazilian Tax Defenses Just Lost Round One - Where's the Reserve?Nov 28

Q2 2021

MELI Q2 2021 Why Did Operating Cash Flow Go Negative While Revenue Nearly Doubled?Aug 27

Q1 2021

MELI Q1 2021 Stockholders' Equity Just Went Negative - Should That Actually Worry You?May 20

Q4 2020

MELI Q4 2020 Revenue Nearly Doubled in 2020 - So Why Did the Company Barely Break Even?Mar 10

Q3 2020

MELI Q3 2020 Revenue Doubled in the Pandemic - So Why Are Internal Controls Still Broken?Nov 16

Q2 2020

MELI Q2 2020 Every Segment Got More Profitable During Lockdown - Even Mexico, for the First Time EverAug 24

Q1 2020

MELI Q1 2020 Revenue Grew 37.6% in the First COVID Quarter - So Why Did Operating Cash Flow Go Negative?May 20

Q4 2019

MELI Q4 2019 Losses Widened Nearly 5x in 2019 - Was the Spending Actually Worth It?Feb 24

Q3 2019

MELI Q3 2019 A $146 Million Net Loss Just Landed - Is the Investment Cycle Working or Spiraling?Nov 15

Q2 2019

MELI Q2 2019 Investors Just Got Told It's Spending the $2 Billion - Should That Worry You?Aug 20

Q1 2019

MELI Q1 2019 It Raised $2 Billion From PayPal and Wall Street - What Is It Actually Buying?May 17

Q4 2018

MELI Q4 2018 The First Full-Year Loss Since 2007 - What the Footnotes Say About WhyFeb 28

Q3 2018

MELI Q3 2018 It Raised Nearly $1 Billion in Debt - While Still Posting a Net LossNov 02

Q2 2018

MELI Q2 2018 It Just Booked Its First Net Loss in Years - Was It Worth It?Aug 09

Q1 2018

MELI Q1 2018 It Spent $112 Million on Free Shipping in One Quarter - and Flipped Straight to a LossJun 14

Q4 2017

MELI Q4 2017 One Month of Venezuela Just Erased 90% of a Full Year's ProfitMar 20

Q3 2017

MELI Q3 2017 Revenue Is Up 61%, So Why Did Operating Margin Fall by Two-Thirds?Nov 24

Q2 2017

MELI Q2 2017 Mexico's Direct Contribution Just Went to Negative 112% - Is This a Segment or a Sinkhole?Aug 18

Q1 2017

MELI Q1 2017 Free Cash Flow Went From Negative $26 Million to Positive $94 Million in a Single Year - What Changed?May 19

Q4 2016

MELI Q4 2016 The Stock Is Already Above Its Own Anti-Dilution Ceiling - Does the Full-Year Number Justify It?Mar 08

Q3 2016

MELI Q3 2016 The Stock Doubled From January's Low - Does the Bull Case Still Clear It?Nov 20

Q2 2016

MELI Q2 2016 A Third Venezuela Impairment Landed - and Free Cash Flow Recovered AnywayAug 19

Q1 2016

MELI Q1 2016 Why Did Free Cash Flow Just Go Negative for the First Time?May 16

Q4 2015

MELI Q4 2015 Every Segment's Margin Fell This Year - Mexico's Collapsed by 13.7 PointsMar 15

Q3 2015

MELI Q3 2015 Profit Grew 35% This Quarter - A One-Time Tax Gain Did Almost All of ItNov 20

Q2 2015

MELI Q2 2015 The Venezuela Drama Finally Stopped - So Why Did Real Profit Just Fall 39%?Aug 20

Q1 2015

MELI Q1 2015 Net Income Fell 94% This Quarter - the Venezuela Bill Finally Came DueMay 18

Q4 2014

MELI Q4 2014 Local-Currency Revenue Grew 81% for the Year - Net Income Still Fell 38%Mar 18

Q3 2014

MELI Q3 2014 The Loss Is Gone and Profits Are Back - But the Currency Gap Just Hit a Record 69 PointsNov 14

Q2 2014

MELI Q2 2014 First-Ever Quarterly Loss Just Landed - Is the Business Actually Broken?Aug 19

Q1 2014

MELI Q1 2014 Local Currency Says the Business Grew 50% - The Dollar Says It Grew 12%. Which One Is Real?May 20

Q4 2013

MELI Q4 2013 Margins Recovered for the First Time All Year - So Why Did Free Cash Flow Collapse 77%?Feb 28

Q3 2013

MELI Q3 2013 The Corporate-Cost Problem Got Worse, Not Better, and the Stock Rallied 25% AnywayNov 07

Q2 2013

MELI Q2 2013 The Corporate-Cost Discipline This Coverage Tracked for a Year Just Reversed in a Single QuarterAug 06

Q1 2013

MELI Q1 2013 The Estimated Venezuela Hit Was $5.7 Million - The Actual One Came In 12% Worse, and Took Net Income Down With ItMay 07

Q4 2012

MELI Q4 2012 Every Warning Sign From Q3 Reversed by Year-End - Then Venezuela Devalued the Bolivar 46% Two Months LaterFeb 27

Q3 2012

MELI Q3 2012 Every Improvement From Last Quarter Reversed at Once - And Net Income Fell for the First Time in This CoverageNov 05

Q2 2012

MELI Q2 2012 The Corporate-Cost Pool Finally Grew Slower Than Revenue - And the Stock Fell 22% AnywayAug 03

Q1 2012

MELI Q1 2012 The Corporate-Cost Problem This Coverage Tracked All Last Year Just Faded - So Why Did Operating Margin Fall Anyway?May 08

Q4 2011

MELI Q4 2011 Every Segment Got a Better Margin in 2011 - So Why Did Full-Year Operating Margin Fall Anyway?Feb 28

Q3 2011

MELI Q3 2011 Brazil's Margin Relapse Fully Reversed - So Why Did Unallocated Costs Grow Even Faster?Nov 04

Q2 2011

MELI Q2 2011 Brazil's Margin Just Undid the Recovery Story Told Last QuarterAug 08

Q1 2011

MELI Q1 2011 The Segments Recovered From Free Payments - So Why Did Operating Margin Fall Again?May 24

Q4 2010

MELI Q4 2010 It Declared Its First-Ever Dividend the Same Quarter Its Own Bull Case Still Couldn't Clear the Stock PriceFeb 25

Q3 2010

MELI Q3 2010 It Just Made Payments Free in Its Two Biggest Markets — And Every Segment Margin Absorbed the BillNov 20

Q2 2010

MELI Q2 2010 The Business That Was Supposed to Fix the Take-Rate Problem Just Got Less Profitable TooAug 23

Q1 2010

MELI Q1 2010 The One Number That Always Rose in This Coverage Just FellMay 24

Q4 2009

MELI Q4 2009 The First Real DCF This Coverage Could Ever Run Says the Rally's Gone Too FarFeb 26

Q3 2009

MELI Q3 2009 The Currency Gap Finally Narrowed, But the Stock Priced In Even More Than ThatNov 06

Q2 2009

MELI Q2 2009 The Margins Finally Snapped Back, Right As a Brazilian Judge Ruled Against the Safe-Harbor DefenseAug 07

Q1 2009

MELI Q1 2009 The Currency Wiped Out Two-Thirds of Real Growth This QuarterMay 11

Q4 2008

MELI Q4 2008 Did the 2008 Crash Finally Show Up in the Numbers?Feb 27

Q3 2008

MELI Q3 2008 The Quarter Every Metric Improved, and the Stock Fell 41% AnywayNov 12

Q2 2008

MELI Q2 2008 The Cash Flow Reversal Reversed Again, and This Time Margin Went With ItAug 13

Q1 2008

MELI Q1 2008 The Rally Reversed Itself, But the Cash Flow Problem Didn't Come Back With ItMay 15

Q4 2007

MELI Q4 2007 The Stock Rallied 104% in One Quarter, But Free Cash Flow Barely MovedMar 31

Q3 2007

MELI Q3 2007 A 44% Stock Swing Inside Its First Ten Weeks of Trading, and a 74x Jump in Net IncomeNov 14

Q2 2007

MELI Q2 2007 An IPO Where Insiders Sold Five Times More Stock Than the Company ItselfOct 10