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Consolidated Statements of Income (USD $) | 3 Months Ended
--- | ---
Mar. 31, 2014 | Mar. 31, 2013
Income Statement [Abstract] |  |
Net revenues | $ 115,382,319 | $ 102,725,747
Cost of net revenues | (31,539,665) | (28,649,167)
Gross profit | 83,842,654 | 74,076,580
Operating expenses: |  |
Product and technology development | (12,257,198) | (9,382,389)
Sales and marketing | (22,351,958) | (22,337,937)
General and administrative | (15,232,411) | (13,785,070)
Total operating expenses | (49,841,567) | (45,505,396)
Income from operations | 34,001,087 | 28,571,184
Other income (expenses): |  |
Interest income and other financial gains | 3,035,630 | 3,394,006
Interest expense and other financial losses | (1,027,180) | (360,352)
Foreign currency gains (losses) | 3,093,471 | (6,249,714)
Other losses, net |  | (3,733)
Net income before income / asset tax expense | 39,103,008 | 25,351,391
Income / asset tax expense | (8,775,055) | (7,828,800)
Net income | 30,327,953 | 17,522,591
Less: Net Income attributable to Redeemable Noncontrolling Interest | 63,980 | 42,338
Net income attributable to MercadoLibre, Inc. shareholders | $ 30,263,973 | $ 17,480,253
Basic EPS |  |
Basic net income attributable to MercadoLibre, Inc. Shareholders per common share | $ 0.69 | $ 0.40
Weighted average of outstanding common shares | 44,153,818 | 44,151,323
Diluted EPS |  |
Diluted net income attributable to MercadoLibre, Inc. Shareholders per common share | $ 0.69 | $ 0.40
Weighted average of outstanding common shares | 44,153,818 | 44,151,357

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