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Condensed Consolidated Statements of Income (USD $) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2013 | Jun. 30, 2012 | Jun. 30, 2013 | Jun. 30, 2012
Income Statement [Abstract] |  |  |  |
Net revenues | $ 112,183,360 | $ 88,844,059 | $ 214,909,107 | $ 172,580,065
Cost of net revenues | (31,077,211) | (23,892,881) | (59,726,378) | (44,989,178)
Gross profit | 81,106,149 | 64,951,178 | 155,182,729 | 127,590,887
Operating expenses: |  |  |  |
Product and technology development | (9,760,220) | (6,133,819) | (19,142,610) | (13,719,892)
Sales and marketing | (20,823,546) | (16,805,362) | (43,161,483) | (34,233,040)
General and administrative | (15,073,088) | (10,127,077) | (28,858,158) | (22,822,289)
Total operating expenses | (45,656,854) | (33,066,258) | (91,162,251) | (70,775,221)
Income from operations | 35,449,295 | 31,884,920 | 64,020,478 | 56,815,666
Other income (expenses): |  |  |  |
Interest income and other financial gains | 2,202,314 | 2,982,303 | 5,596,320 | 6,070,862
Interest expense and other financial losses | (531,668) | (474,300) | (892,020) | (551,617)
Foreign currency gains (losses) | 3,600,866 | 749,008 | (2,648,848) | (283,969)
Other gains (losses), net | 1,393 | (7,009) | (2,340) | (11,263)
Net income before income / asset tax expense | 40,722,200 | 35,134,922 | 66,073,590 | 62,039,679
Income / asset tax expense | (10,701,182) | (9,740,098) | (18,529,981) | (17,007,817)
Net income | 30,021,018 | 25,394,824 | 47,543,609 | 45,031,862
Less: Net Income attributable to Redeemable Noncontrolling Interest | 42,377 | 15,632 | 84,715 | 18,060
Net income attributable to MercadoLibre, Inc. shareholders | $ 29,978,641 | $ 25,379,192 | $ 47,458,894 | $ 45,013,802
Basic EPS |  |  |  |
Basic net income attributable to MercadoLibre, Inc. Shareholders per common share | $ 0.67 | $ 0.57 | $ 1.07 | $ 1.02
Weighted average of outstanding common shares | 44,152,933 | 44,147,999 | 44,152,132 | 44,145,038
Diluted EPS |  |  |  |
Diluted net income attributable to MercadoLibre, Inc. Shareholders per common share | $ 0.67 | $ 0.57 | $ 1.07 | $ 1.02
Weighted average of outstanding common shares | 44,152,933 | 44,152,133 | 44,152,132 | 44,149,178

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