eBay vs MercadoLibre
MercadoLibre reported revenue of $28.9 billion in fiscal 2025, 2.6 times eBay's $11.1 billion in fiscal 2025. eBay's revenue grew 8.0% in its latest year, and MercadoLibre's grew 39.1%. eBay had an operating margin of 20.5%, against 11.1% at MercadoLibre. Free cash flow was $1.4 billion at eBay and $10.8 billion at MercadoLibre.
Side by side
| eBay | MercadoLibre | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $11.1B | $28.9B |
| Revenue growth | 8.0% | 39.1% |
| Revenue growth a year, last 5 years | 4.5% | 48.7% |
| Gross margin | 71.5% | 44.5% |
| Operating margin | 20.5% | 11.1% |
| Net margin | 18.3% | 6.9% |
| Free cash flow | $1.4B | $10.8B |
| Free cash flow margin | 12.9% | 37.3% |
| Return on capital | 26.8% | 35.0% |
| Net debt to EBITDA | 1.4x | 0.8x |
| Dividends and buybacks | $3.0B | $1M |
| Change in diluted share count | −6.6% | −0.0% |
| Last close | $118.62 | $1,668.72 |
| P/E at the last close | 24.6× | 45.4× |
| Insider trades, last 12 months | sold $57.1 million | bought $1.3 million, sold $2.3 million |
| Piotroski F-score | 5 of 9 | 4 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
eBayMercadoLibre
Operating margin
Percent of revenue
eBayMercadoLibre
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
eBayMercadoLibre
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the eBay and MercadoLibre pages.