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Condensed Consolidated Statements of Income (Unaudited) (USD $)
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Condensed Consolidated Statements of Income [Abstract]    
Net revenues $ 83,736,006 $ 61,459,668
Cost of net revenues (21,096,297) (14,331,703)
Gross profit 62,639,709 47,127,965
Operating expenses:    
Product and technology development (7,586,074) (5,156,890)
Sales and marketing (17,427,679) (13,228,942)
General and administrative (12,695,212) (9,450,977)
Total operating expenses (37,708,965) (27,836,809)
Income from operations 24,930,744 19,291,156
Other income (expenses):    
Interest income and other financial gains 3,088,560 1,873,768
Interest expense and other financial charges (77,317) (628,950)
Foreign currency loss (1,032,978) (500,655)
Other income / (loss), net (4,252) 20,344
Net income before income / asset tax expense 26,904,757 20,055,663
Income / asset tax expense (7,267,719) (5,998,029)
Net income 19,637,038 14,057,634
Less: Net Income attributable to Noncontrolling Interest 2,428   
Net income attributable to MercadoLibre, Inc. $ 19,634,610 $ 14,057,634
Basic EPS    
Basic net income attributable to MercadoLibre, Inc. per common share $ 0.45 $ 0.32
Weighted average shares 44,142,076 44,131,383
Diluted EPS    
Diluted net income attributable to MercadoLibre, Inc. per common share $ 0.45 $ 0.32
Weighted average shares 44,147,796 44,147,667