MercadoLibre Stock MELI
MercadoLibre stock (MELI): Quarterly and annual results since 2023 from Quarterly Report and SEC filings: revenue, earnings, balance sheet, cash flow and management guidance, every figure with its source. As of 08/2026, quarterly reporting. Stock analysis by NadirAlpha. MercadoLibre stock (MELI): listed on Nasdaq, index Nasdaq 100, WKN A0MYNP. NadirAlpha has evaluated 46 original documents, cross-checked every figure automatically and linked each to its source; sources as of 08/2026. Revenue Q2 2026: USD 10.2 billion (+50% year on year). Latest reported (Q2 2026): Total payment volume, Gross merchandise volume, Total payment transactions. Latest reading: Revenue accelerating, New market.
Revenue accelerating strategy: New market
The new quarter, monitored by AI. · NadirAlpha follows every stock through its original filings: the latest figures against their history, guidance against actuals; neutral, continuously updated, every figure clickable with its source.
AI-generated report · not investment advice · figures extracted automatically; please verify against the linked original more
AI-generatedCreated with AI assistance from the company's linked original filings (transparency per Art. 50 EU AI Act). More about the tool: Claude Code.
Not investment adviceNeutral financial information, no recommendation, no investment research within the meaning of MiFID II.
Verify yourselfFigures are extracted automatically, errors are possible. Every figure is clickable with its source; the issuer's original documents are always authoritative.
EditorialThe texts (business model, current status, development and others) are written AI-editorially from the original reports alone, cross-checked automatically and backed with sources; the company's own account, no assessment of our own. Methodology
AI research · This page works as a source-backed data basis for further research with AI assistants such as Claude; every figure remains verifiable via the source links.
Advertisement
MercadoLibre Current Status
Where MercadoLibre stands after the report for Q2 2026: what changed in revenue, earnings and outlook, written editorially from the original report. NadirAlpha methodology
Assessment by NadirAlpha, as of Q2 2026.
MercadoLibre reported net revenues and financial income of 10,169 million for 2026-Q2, representing growth of 50% year-on-year, the fastest pace in four years 29. Gross Merchandise Volume increased 44% year-on-year to $21.9 billion on a reported basis (36% on an FX-neutral basis), while Total Payment Volume grew 56% year-on-year to $101 billion 29. Fintech monthly active users reached 88 million, up 30% year-on-year, and Fintech assets under management reached $23 billion, up 68% year-on-year, with the credit portfolio surpassing $16 billion, up 75% year-on-year 29. Income from operations was 683 million, representing a 6.7% operating margin and declining 17% year-on-year as the company scaled logistics capacity, credit origination, and technology infrastructure 29.
Management commentary on the 2026-Q1 results (8-K-EX99.1, 2026-05-07):
“This is the cross-sell flywheel at work.” MercadoLibre Management 27
“These investments are delivering results.” MercadoLibre Management 27
Revenue · 2026-Q210,169$m+49.8 % vs. 2025-Q2
Net profit · 2026-Q2466$m−10.9 % vs. 2025-Q2
EPS · 2026-Q29.19$−10.9 % vs. 2025-Q2
Revenue trend
Profitability
Net income for 2026-Q2 was 466 million, decreasing 11% year-on-year despite lower foreign currency losses compared to the prior year period, with diluted EPS of 9.19 29. Operating cash flow was 3,662 million and capital expenditures were 441 million, resulting in free cash flow of 3,221 million. Product and technology development expenses declined from 8.4% of net revenue in 2025-Q2 to 7.2% in 2026-Q2 despite AI investment growth of approximately $80 million year-on-year 29.
LeverageAs of June 30, 2026, MercadoLibre held cash and cash equivalents of 3,649 million against net debt of 6,977 million. Current loans payable and other financial liabilities increased from $4,623 million at December 31, 2025 to $6,482 million at June 30, 2026, driven in part by an increase in collateralized debt securitization from $2,852 million to $3,587 million 30. Non-current loans payable declined from $4,570 million to $4,144 million over the same period, following the full repayment of the 2026 Sustainability Notes on January 14, 2026, which carried total outstanding principal and interest of $367 million 30.
RecurringThe MELI+ loyalty subscription program recorded subscriber growth of 72% year-on-year in 2026-Q2, with management describing growth as accelerating since late 2025 29. The advertising platform surpassed 10% of the Latin American digital advertising market for the first time during the quarter, with advertising net revenue growing 62% year-on-year on an FX-neutral basis 29. Advertising inventory was broadened through the integration of HBO Max video advertising, adding a new channel to the platform's offering during the period 29.
Management viewEcosystemic users engaged with both Commerce and Fintech grew 37% year-on-year in 2026-Q2, representing the fastest-growing user segment since Q4 2023, reflecting deepening cross-platform engagement 29. Internal AI development scaled substantially, with AI code submissions increasing 110% year-on-year, merged code increasing over 100% year-on-year, and deployment rising nearly 75% year-on-year while rollbacks decreased; AI agents independently reviewed over half a million code submissions and migrated approximately 9,000 services to newer platforms over the prior year 29. Cross-border trade GMV grew 60% year-on-year on an FX-neutral basis, with the China fulfillment center volume up 170% quarter-on-quarter, while instore acquiring devices in Mexico reached 1.4 million active units, described as equal to incumbent banks combined 29.
ChangeGross profit margin for the first half of 2026 decreased to 42.2% from 46.1% in the first half of 2025, primarily due to the reduction of the free shipping threshold in Brazil and increased shipping operating and carrier costs 30. The credit card Net Interest Margin After Losses compressed from breakeven in 2025-Q2 to -2.5% in 2026-Q2, driven by an acceleration in new card issuances to 2.6 million in the quarter versus 1.6 million in the prior year period 29. The provision for doubtful accounts increased 95.0% to $2,520 million for the first half of 2026 from $1,293 million in the same period of 2025, driven by 82% growth in loan originations 30.
Risks (current)Argentina faced a challenging consumption environment in 2026-Q2, with GMV growth decelerating to 38% year-on-year on an FX-neutral basis and sold items growth decelerating to 22% year-on-year; Argentine operations are classified as highly inflationary with an inflation rate of 16.8% for the first half of 2026 29 30. The credit portfolio grew 75% year-on-year, materially outpacing consolidated net revenue growth, while industry-wide memory chip price increases elevated point-of-sale device costs in Mexico and Argentina, and the Mexican tax reform remained a headwind to demand growth during the quarter 29. On the legal side, the Brazilian STJ ruled against taxpayers on ICMS-DIFAL over fixed assets, representing a probable risk for the April–December 2022 period, while a separate dispute on the exclusion of ICMS benefits from the federal tax base involves $152 million in disputed amounts 30.
New this reporting periodIn 2026-Q2, MercadoLibre launched PIX discounts for buyers and take-rate discounts for sellers in selected categories and ASP ranges in Brazil, contributing to sustained conversion gains within the marketplace 29. The pharmacy category was introduced in Mexico following the build-out of foundational safety and regulatory compliance capabilities, and instore acquiring services were extended to Uruguay during the quarter 29. An AI-powered marketplace search architecture was rolled out across the five largest sites, recording uplifts in conversion and click-through rates, and HBO Max video advertising was integrated as new inventory within the advertising platform 29.
Advertisement
MercadoLibre Stock: Key Figures ($m)
NadirAlpha shows fiscal years, half-years and quarters of MercadoLibre one below the other, most recently Q2 2026; every figure is clickable and leads to raw value, location and source. NadirAlpha extracts all values automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original. NadirAlpha methodology
All figures serve only to support your own investment decision and are not a recommendation; the company's original reports are authoritative.
Revenue ($m) · annual basis, as reported
Net income ($m) · annual basis, as reported
EPS ($) · annual basis, as reported
Operating cash flow ($m) · annual basis, as reported
Revenue ($m) · quarterly basis, as reported
Net income ($m) · quarterly basis, as reported
EPS ($) · quarterly basis, as reported
Operating cash flow ($m) · quarterly basis, as reported
Cash ($m) · annual basis, as reported
Debt ($m) · annual basis, as reported
Net Debt ($m) · annual basis, as reported
Capex ($m) · annual basis, as reported
FCF ($m) · annual basis, as reported
D&A ($m) · annual basis, as reported
Cash ($m) · quarterly basis, as reported
Debt ($m) · quarterly basis, as reported
Net Debt ($m) · quarterly basis, as reported
Capex ($m) · quarterly basis, as reported
FCF ($m) · quarterly basis, as reported
D&A ($m) · quarterly basis, as reported
Shown: the most recent fiscal years. Full history since FY2016 is on record.
Fiscal years
Amounts in $m · EPS in $ per share · as reported
| Period | Revenue | Op. income | Net income | EPS ($) | EBITDA (adj.) | OCF | Source |
|---|---|---|---|---|---|---|---|
| FY2025 | 28,893 | 3,201 | 1,997 | 39.40 | 4,019 | 12,116 | 130 |
| FY2024 | 20,777 | 2,631 | 1,911 | 37.69 | 3,248 | 7,918 | 18 |
| FY2023 | 15,107 | 2,207 | 987 | 19.46 | 2,347 | 5,140 | 10 |
Quarters
Amounts in $m · EPS in $ per share · as reported
| Period | Published | Revenue | Op. income | Net income | EPS ($) | EBITDA (adj.) | FCF | Cash | Net Debt | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| 2026-Q2* | 2026-08-05 | 10,169 | 683 | 466 | 9.19 | 975 | 3,221 | 3,649 | 6,977 | 29 |
| 2026-Q1* | 2026-05-07 | 8,845 | 611 | 417 | 8.23 | 857 | 1,804 | 3,677 | 6,250 | 27 |
| 2025-Q4* | 2026-02-24 | 8,759 | 889 | 559 | 11.03*≈ | 1,127 | 4,782 | 2,752~ | 6,441~ | 25 |
| 2025-Q3* | 2025-10-29 | 7,409 | 724 | 421 | 8.32 | 933 | 2,602 | 2,582 | 5,258 | 23 |
| 2025-Q2* | 2025-08-04 | 6,790 | 825 | 523 | 10.31 | 1,024 | 2,630 | 3,008 | 4,294 | 21 |
| 2025-Q1* | 2025-05-07 | 5,935 | 763 | 494 | 9.74 | 935 | 759 | 2,977 | 3,456 | 19 |
| 2024-Q4* | 2025-02-20 | 6,059 | 820 | 639 | 12.60*≈ | 972 | 2,619 | 2,635 | 3,080 | 17 |
| 2024-Q3* | 2024-11-06 | 5,312 | 557 | 397 | 7.83 | 714 | 1,377 | 2,162 | 3,191 | 15 |
| 2024-Q2* | 2024-08-01 | 5,073 | 726 | 531 | 10.48 | 880 | 1,698 | 2,818 | 1,824 | 13 |
| 2024-Q1* | 2024-05-02 | 4,333 | 528 | 344 | 6.78 | 682 | 1,364 | 2,579 | 1,891 | 11 |
| 2023-Q4* | 2024-02-23 | 4,409 | 335 | 165 | 3.25 | 470 | – | 2,556 | 1,939 | 118 |
| 2023-Q3* | 2023-11-02 | 3,927 | 785 | 359 | 7.16 | 920 | – | 2,171 | 2,283 | 108 |
| 2023-Q2* | 2023-08-03 | 3,585 | 669 | 262 | 5.16 | 797 | – | 1,860 | 2,907 | 6 |
| 2023-Q1* | 2023-05-04 | 3,186 | 418 | 201 | 3.97 | 544 | – | 2,143 | 2,689 | 4 |
* derived: values with formula provenance (hover); Q4 = FY − 9M · H2 = FY − H1 · EPS via implied shares · net debt = financial debt − cash · FCF = OCF − |capex|.
Columns not reported in this reporting cadence are hidden: Op. income (adj.), EPS adj. (not reported in any source for these periods).
Advertisement
MercadoLibre Balance Sheet & Cash Flow ($m)
Balance sheet and cash flow of MercadoLibre up to Q2 2026 in $m: net debt = financial debt minus cash, free cash flow = operating cash flow minus capex, every input sourced. NadirAlpha extracts all values automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original. NadirAlpha methodology
Fiscal years
Amounts in $m · as reported
| Period | Published | Cash | Debt | Net Debt | D&A | OCF | Capex | FCF | Source |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | 2026-02-25 | 2,752~ | 9,193 | 6,441~ | 818 | 12,116 | 1,343 | 10,773 | 26 |
| FY2024 | 2025-02-21 | 2,635 | 5,715 | 3,080 | 617 | 7,918 | 860 | 7,058 | 18 |
| FY2023 | 2024-02-23 | 2,556 | 4,495 | 1,939 | 524 | 5,140 | 509 | 4,631 | 118 |
Quarters
Amounts in $m · as reported
| Period | Published | Cash | Debt | Net Debt | D&A | OCF | Capex | FCF | Source |
|---|---|---|---|---|---|---|---|---|---|
| 2026-Q2 | 2026-08-05 | 3,649 | 10,626 | 6,977 | 292 | 3,662 | 441 | 3,221 | 29 |
| 2026-Q1 | 2026-05-07 | 3,677 | 9,927 | 6,250 | 246 | 2,075 | 271 | 1,804 | 27 |
| 2025-Q4 | 2026-02-24 | 2,752~ | 9,193 | 6,441~ | 238 | 5,209 | 427 | 4,782 | 25 |
| 2025-Q3 | 2025-10-29 | 2,582 | 7,840 | 5,258 | 209 | 2,959 | 357 | 2,602 | 23 |
| 2025-Q2 | 2025-08-04 | 3,008 | 7,302 | 4,294 | 199 | 2,917 | 287 | 2,630 | 21 |
| 2025-Q1 | 2025-05-07 | 2,977 | 6,433 | 3,456 | 172 | 1,031 | 272 | 759 | 19 |
| 2024-Q4 | 2025-02-20 | 2,635 | 5,715 | 3,080 | 152 | 2,924 | 305 | 2,619 | 17 |
| 2024-Q3 | 2024-11-06 | 2,162 | 5,353 | 3,191 | 157 | 1,600 | 223 | 1,377 | 15 |
| 2024-Q2 | 2024-08-01 | 2,818 | 4,642 | 1,824 | 154 | 1,882 | 184 | 1,698 | 13 |
| 2024-Q1 | 2024-05-02 | 2,579 | 4,470 | 1,891 | 154 | 1,512 | 148 | 1,364 | 11 |
| 2023-Q4 | 2024-02-23 | 2,556 | 4,495 | 1,939 | 135 | 1,928 | – | – | 118 |
| 2023-Q3 | 2023-11-02 | 2,171 | 4,454 | 2,283 | 135 | 941 | – | – | 108 |
| 2023-Q2 | 2023-08-03 | 1,860 | 4,767 | 2,907 | 128 | 1,412 | – | – | 6 |
| 2023-Q1 | 2023-05-04 | 2,143 | 4,832 | 2,689 | 126 | 859 | – | – | 4 |
Debt = long-term + current · Net debt = debt − cash · FCF = OCF − capex.
Advertisement
MercadoLibre Stock: Price & Chart
Price history of MercadoLibre stock (MELI) as a TradingView chart, loaded only after a click, alongside the trend of the key figures from the tables. NadirAlpha methodology
Daily candles with news and earnings markers. Loads only on click.
Advertisement · affiliate links; we may earn a commissionAffiliate partnerships help us keep these reports free and regularly updated.
Advertisement
MercadoLibre Event Timeline
This timeline collects the material events of MercadoLibre from the original reports: guidance changes, revenue and margin signals, strategy shifts, product and M&A announcements, grouped by quarter. NadirAlpha methodology
Overview: one dot per event · click jumps to the period
2026 · 7 events
earnings 2026-08-05
Income from operations declined 17% YoY to USD 683 million with 6.7% margin, reflecting strategic investments in long-term value creation 29
Income from operations declined 17% YoY to USD 683 million with 6.7% margin, reflecting strategic investments in long-term value creation 29
Revenue accelerating 2026-08-05
Net revenues grew 50% YoY to USD 10,169 million, reaching the fastest growth pace in four years 29
Net revenues grew 50% YoY to USD 10,169 million, reaching the fastest growth pace in four years 29
New market 2026-08-05
Pharmacy category launched in Mexico after building foundational safety and regulatory compliance capabilities 29
Pharmacy category launched in Mexico after building foundational safety and regulatory compliance capabilities 29
Margin compressing 2026-05-08
Gross profit margin decreased from 46.7% to 43.7% due to reduction of free shipping threshold in Brazil and increased shipping operating costs 28
Gross profit margin decreased from 46.7% to 43.7% due to reduction of free shipping threshold in Brazil and increased shipping operating costs 28
earnings 2026-05-07
Income from operations declined 20% YoY as company prioritized long-term growth investments 27
Income from operations declined 20% YoY as company prioritized long-term growth investments 27
Revenue accelerating 2026-05-07
Net revenues grew 49% YoY to USD 8,845 million, described as the fastest growth pace in almost four years 27
Net revenues grew 49% YoY to USD 8,845 million, described as the fastest growth pace in almost four years 27
Cash flow inflection 2026-05-07
Operating cash flow reached USD 2,075.0 million vs USD 1,031.0 million in 2025-Q1 (×2.0). 27
Operating cash flow reached USD 2,075.0 million vs USD 1,031.0 million in 2025-Q1 (×2.0). 27
2025 · 11 events
“We believe our GMV could be multiple times larger over the long term.” Marcos Galperin, Founder, Executive Chairman (as of January 1, 2026) 25
Revenue accelerating 2026-02-24
Net revenues and financial income grew 45% YoY to USD 8,759 million in Q4 2025, with FX-neutral growth of 47% 25
Net revenues and financial income grew 45% YoY to USD 8,759 million in Q4 2025, with FX-neutral growth of 47% 25
Margin compressing 2026-02-24
Strategic investments in free shipping, first-party sales, cross-border trade, and credit card estimated to impact operating margin by 5-6 percentage points in Q4 2025 25
Strategic investments in free shipping, first-party sales, cross-border trade, and credit card estimated to impact operating margin by 5-6 percentage points in Q4 2025 25
New market 2026-02-24
First fulfillment center opened in China in December 2025; cross-border trade GMV grew 74% FX-neutral in Q4 2025 25
First fulfillment center opened in China in December 2025; cross-border trade GMV grew 74% FX-neutral in Q4 2025 25
Margin compressing 2025-10-30
Operating income margin decreased to 9.8% and gross profit margin fell to 43.3% for Q3, driven by the lower free shipping threshold in Brazil and higher funding costs 24
Operating income margin decreased to 9.8% and gross profit margin fell to 43.3% for Q3, driven by the lower free shipping threshold in Brazil and higher funding costs 24
Revenue accelerating 2025-10-29
Net revenues and financial income grew 39% YoY to USD 7,409 million, marking the 27th consecutive quarter of growth above 30% YoY 23
Net revenues and financial income grew 39% YoY to USD 7,409 million, marking the 27th consecutive quarter of growth above 30% YoY 23
New market 2025-10-29
Mercado Pago credit card launched in Argentina in August 2025, extending the product to a third market after Brazil (2021) and Mexico (2023) 23
Mercado Pago credit card launched in Argentina in August 2025, extending the product to a third market after Brazil (2021) and Mexico (2023) 23
earnings 2025-08-04
Credit card achieved NIMAL breakeven in Q2 2025 despite accelerating new card issuance to over 1.5 million cards per quarter 21
Credit card achieved NIMAL breakeven in Q2 2025 despite accelerating new card issuance to over 1.5 million cards per quarter 21
revenue 2025-08-04
Net revenues and financial income grew 34% YoY to USD 6,790 million; total credit portfolio reached $9.3 billion, up 91% YoY 21
Net revenues and financial income grew 34% YoY to USD 6,790 million; total credit portfolio reached $9.3 billion, up 91% YoY 21
Strategic pivot 2025-08-04
CEO transition announced: Marcos Galperin to become Executive Chairman effective January 1, 2026, with a successor named as CEO 21
CEO transition announced: Marcos Galperin to become Executive Chairman effective January 1, 2026, with a successor named as CEO 21
2024 · 16 events
New market 2025-02-21
Launched Meli Dólar stablecoin in Brazil and Mexico, pegged to the US dollar and available to all Mercado Pago users 18
Launched Meli Dólar stablecoin in Brazil and Mexico, pegged to the US dollar and available to all Mercado Pago users 18
Revenue accelerating 2025-02-20
Q4 revenue grew 37% YoY to USD 6,059 million, with FX-neutral growth of 96% 17
Q4 revenue grew 37% YoY to USD 6,059 million, with FX-neutral growth of 96% 17
Margin expanding 2025-02-20
Operating margin expanded 60 basis points YoY to 13.5% in Q4, reflecting operational efficiency gains 17
Operating margin expanded 60 basis points YoY to 13.5% in Q4, reflecting operational efficiency gains 17
Operating income doubled 2025-02-20
Operating income more than doubled YoY (335.0 to USD 820.0 million, +145%). 17
Operating income more than doubled YoY (335.0 to USD 820.0 million, +145%). 17
Net income doubled 2025-02-20
Net income more than doubled YoY (165.0 to USD 639.0 million, +287%). 17
Net income more than doubled YoY (165.0 to USD 639.0 million, +287%). 17
Margin compressing 2024-11-06
Operating income margin reached 10.5%, down 9.5 ppts YoY on reported basis; the prior-year period did not include the fintech interest income/expense reclassification above operations effective January 1, 2024 15
Operating income margin reached 10.5%, down 9.5 ppts YoY on reported basis; the prior-year period did not include the fintech interest income/expense reclassification above operations effective January 1, 2024 15
Strategic pivot 2024-11-06
MELI+ loyalty program restructured into two price tiers at approximately $2 and $5 per month 15
MELI+ loyalty program restructured into two price tiers at approximately $2 and $5 per month 15
earnings 2024-08-01
Net income rose 103% YoY to USD 531 million, with net margin reaching 10.5%, the highest in eight years 13
Net income rose 103% YoY to USD 531 million, with net margin reaching 10.5%, the highest in eight years 13
Revenue accelerating 2024-08-01
Net revenues reached USD 5,073 million, up 42% YoY; 14 percentage points of this growth attributable to the shipping gross-basis reporting reclassification effective January 2024 13
Net revenues reached USD 5,073 million, up 42% YoY; 14 percentage points of this growth attributable to the shipping gross-basis reporting reclassification effective January 2024 13
Net income doubled 2024-08-01
Net income more than doubled YoY (262.0 to USD 531.0 million, +103%). 13
Net income more than doubled YoY (262.0 to USD 531.0 million, +103%). 13
Margin compressing 2024-05-03
Gross profit margin decreased from 50.7% in Q1 2023 to 46.7% in Q1 2024, primarily due to increased shipping operating and carrier costs 12
Gross profit margin decreased from 50.7% in Q1 2023 to 46.7% in Q1 2024, primarily due to increased shipping operating and carrier costs 12
Strategic pivot 2024-05-03
Mercado Pago fintech operations transitioned from non-regulated to regulated business subject to central bank oversight 12
Mercado Pago fintech operations transitioned from non-regulated to regulated business subject to central bank oversight 12
revenue 2024-05-02
Net revenues and financial income grew 36% YoY to USD 4,333 million, driven by strong performance in Brazil and Mexico 11
Net revenues and financial income grew 36% YoY to USD 4,333 million, driven by strong performance in Brazil and Mexico 11
2023 · 18 events
Revenue accelerating ◦ 2024-02-22
Items sold grew 29% in Q4 (Brazil 31%, Mexico 32%); FY2023 GMV reached $45 billion, up 40% year-on-year; TPV reached $182.8 billion, up 57.2% year-on-year on reported basis 9
Items sold grew 29% in Q4 (Brazil 31%, Mexico 32%); FY2023 GMV reached $45 billion, up 40% year-on-year; TPV reached $182.8 billion, up 57.2% year-on-year on reported basis 9
Margin compressing 2024-02-22
One-off tax liabilities of $351 million for prior periods, primarily Brazilian withholding tax disputes, compressed Q4 operating income to USD 335 million and net income to USD 165 million; excluding the charge, operating income grew 78% year-on-year with 270 basis points margin expansion 9
One-off tax liabilities of $351 million for prior periods, primarily Brazilian withholding tax disputes, compressed Q4 operating income to USD 335 million and net income to USD 165 million; excluding the charge, operating income grew 78% year-on-year with 270 basis points margin expansion 9
Strategic pivot 2024-02-22
Mercado Pago remunerated account users doubled to 30 million in 2023; credit portfolio grew 33% to $3.8 billion with 20 million users, up 95% year-on-year 9
Mercado Pago remunerated account users doubled to 30 million in 2023; credit portfolio grew 33% to $3.8 billion with 20 million users, up 95% year-on-year 9
“We are pleased with the initial results following the recent relaunch.” MercadoLibre Management 7
Operating income doubled 2023-11-02
Operating income more than doubled YoY (296.0 to USD 785.0 million, +165%). 8
Operating income more than doubled YoY (296.0 to USD 785.0 million, +165%). 8
Net income doubled 2023-11-02
Net income more than doubled YoY (129.0 to USD 359.0 million, +178%). 8
Net income more than doubled YoY (129.0 to USD 359.0 million, +178%). 8
Revenue accelerating 2023-11-01
Items sold growth accelerated to 26% year-on-year from 18% in Q2; Brazil items sold grew 27%, the highest rate since Q4 2021; revenue up 40% year-on-year 7
Items sold growth accelerated to 26% year-on-year from 18% in Q2; Brazil items sold grew 27%, the highest rate since Q4 2021; revenue up 40% year-on-year 7
Margin expanding 2023-11-01
Gross margin improved 3.0 percentage points year-over-year driven by advertising revenue and scale efficiencies; operating expenses fell 4.3 percentage points of net revenue year-over-year 7
Gross margin improved 3.0 percentage points year-over-year driven by advertising revenue and scale efficiencies; operating expenses fell 4.3 percentage points of net revenue year-over-year 7
Strategic pivot 2023-11-01
MELI+ loyalty program relaunched with lower free shipping threshold, free subscription content, and exclusive offers in Brazil and Mexico 7
MELI+ loyalty program relaunched with lower free shipping threshold, free subscription content, and exclusive offers in Brazil and Mexico 7
New market 2023-08-03
MercadoPago Colombia obtained financial institution license on June 28, 2023, expected operational by year-end 2023 6
MercadoPago Colombia obtained financial institution license on June 28, 2023, expected operational by year-end 2023 6
Operating income doubled 2023-08-03
Operating income more than doubled YoY (250.0 to USD 669.0 million, +168%). 6
Operating income more than doubled YoY (250.0 to USD 669.0 million, +168%). 6
Net income doubled 2023-08-03
Net income more than doubled YoY (123.0 to USD 262.0 million, +113%). 6
Net income more than doubled YoY (123.0 to USD 262.0 million, +113%). 6
Revenue accelerating ◦ 2023-08-02
Net revenues up 57.2% FX-neutral; Commerce revenue accelerated to 65% FX-neutral; GMV grew 47.2% to $10.5 billion; Mexico surpassed Argentina as second-largest Commerce market by GMV 5
Net revenues up 57.2% FX-neutral; Commerce revenue accelerated to 65% FX-neutral; GMV grew 47.2% to $10.5 billion; Mexico surpassed Argentina as second-largest Commerce market by GMV 5
Margin expanding 2023-08-02
Operating margin expanded 6.7 percentage points year-on-year; income from operations of USD 669 million 5
Operating margin expanded 6.7 percentage points year-on-year; income from operations of USD 669 million 5
Free cash flow turned positive ◦ 2023-05-04
Operating cash flow swung to positive USD 859 million from negative $233 million in Q1 2022 4
Operating cash flow swung to positive USD 859 million from negative $233 million in Q1 2022 4
Operating income doubled 2023-05-04
Operating income more than doubled YoY (139.0 to USD 418.0 million, +201%). 4
Operating income more than doubled YoY (139.0 to USD 418.0 million, +201%). 4
Revenue accelerating 2023-05-03
Net revenues up 35% year-on-year, 58.4% on FX-neutral basis, with Commerce growing 31.2% and Fintech 40.2%; off-platform TPV grew above 100% FX-neutral for sixth consecutive quarter 3
Net revenues up 35% year-on-year, 58.4% on FX-neutral basis, with Commerce growing 31.2% and Fintech 40.2%; off-platform TPV grew above 100% FX-neutral for sixth consecutive quarter 3
Margin expanding 2023-05-03
Operating margin expanded 500 basis points year-on-year as revenue grew 35% while cost of net revenues and operating expenses grew 28% 3
Operating margin expanded 500 basis points year-on-year as revenue grew 35% while cost of net revenues and operating expenses grew 28% 3
Advertisement
MercadoLibre Business Model
The MercadoLibre business model in brief: products, customers and revenue sources as the company itself describes them in its reports. NadirAlpha methodology
MercadoLibre, Inc. is the leading e-commerce and financial technology ecosystem in Latin America, operating across 18 countries through two core segments: Commerce and Fintech. The Commerce segment encompasses an online marketplace connecting buyers and sellers of new and used goods, a growing first-party retail operation, managed logistics and fulfillment services (Mercado Envios), and a digital advertising platform. Commerce revenue is derived primarily from transaction commissions, shipping service fees, sales of first-party inventory, and advertising placements. The Fintech segment operates Mercado Pago, a digital payments and financial services platform serving both merchants and individual consumers. Products include payment processing and point-of-sale acquiring services, a digital wallet, prepaid and credit cards, installment lending (Mercado Credito), savings and asset management products, and the MELI+ loyalty subscription program. Fintech revenue is generated through payment acquiring fees, interest income on the credit portfolio, and financial services fees. Brazil, Mexico, and Argentina together represent the dominant share of group revenues.
Advertisement
MercadoLibre Stock: Share-Price Drivers
Factors MercadoLibre itself names as material for its business development, reproduced neutrally, without price forecast and without assessment of our own. NadirAlpha methodology
Fintech expansion through Mercado Pago (credit, payments, savings) alongside the core commerce marketplace
Fintech is a steadily broadening product line, with new credit cards in Mexico, remunerated accounts and the MELI+ programme extending engagement, while consolidated revenue reached USD 10,169 million in 2026-Q2 21 9 11
Fintech is a steadily broadening product line, with new credit cards in Mexico, remunerated accounts and the MELI+ programme extending engagement, while consolidated revenue reached USD 10,169 million in 2026-Q2 21 9 11
Mercado Pago fintech ecosystem (credit cards, savings, acquiring)
Successive launches point to continued traction: credit card in Mexico 3, credit card for small businesses 7, Conta Turbinada high-yield savings in Brazil and Point Smart 2 device 11, remunerated account in Chile 9, and a further credit card in August 2025 24; bill-payment acceptance and dynamic currency conversion for Mexican merchants 21
Successive launches point to continued traction: credit card in Mexico 3, credit card for small businesses 7, Conta Turbinada high-yield savings in Brazil and Point Smart 2 device 11, remunerated account in Chile 9, and a further credit card in August 2025 24; bill-payment acceptance and dynamic currency conversion for Mexican merchants 21
Commerce logistics and fulfillment build-out
Network expansion continues with the first regional fulfillment center in Rio de Janeiro 7, a planned facility in Pernambuco and further centers in Mexico 7, two centers in Mexico City and Merida 5, and free-shipping expansion in Brazil to items from R$19 21
Network expansion continues with the first regional fulfillment center in Rio de Janeiro 7, a planned facility in Pernambuco and further centers in Mexico 7, two centers in Mexico City and Merida 5, and free-shipping expansion in Brazil to items from R$19 21
Advertising (Ads Console) and AI-driven search/discovery
Ads Console was launched and rolled out 3 5, with an AI-powered search experience and infinite scroll 21 and an AI-powered search marketplace experience 27 aimed at conversion and monetisation
Ads Console was launched and rolled out 3 5, with an AI-powered search experience and infinite scroll 21 and an AI-powered search marketplace experience 27 aimed at conversion and monetisation
Geographic momentum in Brazil and Mexico
For 2026-Q1 the sources report Brazil revenue of 4,774 (up 54.9%) and Mexico revenue of 1,976 (up 61.7%), with Other Countries up 59.1% and Argentina up 22.9% 28
For 2026-Q1 the sources report Brazil revenue of 4,774 (up 54.9%) and Mexico revenue of 1,976 (up 61.7%), with Other Countries up 59.1% and Argentina up 22.9% 28
Loyalty and engagement programmes (MELI+)
MELI+ was relaunched and expanded, with a launch in Argentina and the MELI Delivery Day benefit 9 21 11, indicating continued investment in subscriber retention
MELI+ was relaunched and expanded, with a launch in Argentina and the MELI Delivery Day benefit 9 21 11, indicating continued investment in subscriber retention
Profitability trajectory alongside heavy investment
Operating income was USD 683 million and net income USD 466 million in 2026-Q2 against USD 611 million and USD 417 million in 2026-Q1; segment margins differ widely, with Brazil at a lower level than Argentina and Mexico in 2026-Q1 28
Operating income was USD 683 million and net income USD 466 million in 2026-Q2 against USD 611 million and USD 417 million in 2026-Q1; segment margins differ widely, with Brazil at a lower level than Argentina and Mexico in 2026-Q1 28
Sector trend: Consolidated revenue is accelerating across the main markets, with Brazil, Mexico and Other Countries all showing strong year-on-year growth in 2026-Q1 28. Segment margins are uneven, with Brazil running at a notably lower margin than Argentina and Mexico, reflecting continued investment in logistics, fintech and advertising 28.
Advertisement
MercadoLibre Revenue by Type (as of 2026-Q2 · USDm · 6/22)
The segments of MercadoLibre in the company's own definition, each row with its basis (3, 6 or 12 months), rows in grey are no longer reported separately. NadirAlpha methodology
| Segment | Since | Revenue | Growth | Margin | Source |
|---|---|---|---|---|---|
| Period 2026-Q2 | |||||
| Commerce | – | – | – | – | 29 |
| Fintech | – | – | – | – | 29 |
| Period 2026-Q1 (3M) | |||||
| Brazil | FY2021 | 4,774 | 54.9% | 8.2% | 28 |
| Mexico | FY2021 | 1,976 | 61.7% | 17.4% | 28 |
| Argentina | FY2021 | 1,698 | 22.9% | 35.7% | 28 |
| Other Countries | FY2021 | 397 | 59.1% | 16% | 28 |
| Period 2024-Q1 (3M) | |||||
| Total | 2024-Q1 | 4,333 | 36% | 23.8% | 12 |
| Period FY2023 (12M) | |||||
| Consolidated - Commerce | FY2023 | 8,201 | 41.2% | – | 10 |
| Brazil - Total | FY2023 | 7,595 | 34% | – | 10 |
| Consolidated - Fintech | FY2023 | 6,272 | 32.6% | – | 10 |
| Brazil - Commerce | FY2023 | 4,512 | 46.9% | – | 10 |
| Argentina - Total | FY2023 | 3,240 | 29.6% | – | 10 |
| Brazil - Fintech | FY2023 | 3,083 | 18.9% | – | 10 |
| Mexico - Total | FY2023 | 2,985 | 60.1% | – | 10 |
| Argentina - Fintech | FY2023 | 1,979 | 39.9% | – | 10 |
| Mexico - Commerce | FY2023 | 1,979 | 54.4% | – | 10 |
| Argentina - Commerce | FY2023 | 1,261 | 16.2% | – | 10 |
| Mexico - Fintech | FY2023 | 1,006 | 72.9% | – | 10 |
| Other countries - Total | FY2023 | 653 | 28.8% | – | 10 |
| Other countries - Commerce | FY2023 | 449 | 21.7% | – | 10 |
| Other countries - Fintech | FY2023 | 204 | 47.8% | – | 10 |
| Period 2023-Q1 (3M) | |||||
| Argentine subsidiaries and consolidated VIEs | 2023-Q1 | 721 | – | – | 4 |
Advertisement
MercadoLibre Products & announcements (47/125 active+recent)
What MercadoLibre launched, had approved or announced, from the filings up to Q2 2026, each row with the date of first mention. NadirAlpha methodology
Status: LaunchedPlanned
| Product/Line | Since | Status | Source |
|---|---|---|---|
| 2026 | |||
| Mercado Crédito Expansion | 2026-06 | 30 | |
| Meli Dollar Program | 2026-06 | 30 | |
| Instore Acquiring Service Launch in Uruguay | 2026-06 | 29 | |
| AI-Powered Marketplace Search Architecture Rollout Across Five Largest Sites | 2026-06 | 29 | |
| Take Rate Discounts for Sellers in Certain Categories and ASP Ranges | 2026-04 | 29 | |
| Tap to Phone Payment Solution Launch in Mexico | 2026-03 | 27 | |
| Claude Cowork Enterprise Adoption | 2026-03 | 27 | |
| AI-Powered Search Marketplace Experience | 2026-03 | 27 | |
| Pharmacy Category Expansion in Mexico | 2026 | 29 | |
| HBO Max Video Advertising Integration | 2026 | 29 | |
| 2025 | |||
| MELI+ Mega Launch with Disney+, Netflix, HBO Max, Apple TV+ Content Bundle | 2025-12 | 25 | |
| DSP (Demand-Side Platform) for Advertisers in China Launched | 2025-12 | 25 | |
| AI-enhanced search experience launched in Argentina | 2025-12 | 25 | |
| Three new mutual funds: Mercado Fondo Acciones, Mercado Fondo Performance, Mercado Fondo International | 2025-10 | 24 | |
| Mercado Pago AI Assistant launched | 2025-10 | 25 | |
| Partnerships with McDonald's, Petrobras, and 99 for MELI+ users co-funded cashback | 2025-09 | 23 | |
| New premium advertising inventory partnerships with Roku and HBO | 2025-09 | 23 | |
| Mercado Fondo Ahorro fund conversion from money market to fixed income | 2025-09 | 24 | |
| Meli Dólar migration from Uruguay to Bermuda regulatory framework | 2025-09 | 24 | |
| MELI+ Mega super bundle launch | 2025-09 | 23 | |
| Drop-shipping from China added to CBT platform | 2025-09 | 23 | |
| Mercado Pago credit card launch | 2025-08 | 24 | |
| Meli ISAC Ltd and Meli ISA Ltd Class M Digital Asset Business licenses | 2025-08 | 24 | |
| Verdi AI platform integration into CRM tool | 2025-06 | 21 | |
| MELI+ launch in Argentina | 2025-06 | 21 | |
| Free shipping expansion in Brazil to items from R$19 | 2025-06 | 21 | |
| Expanded off-ecosystem inventory for Mercado Ads | 2025-06 | 23 | |
| Dynamic currency conversion feature for merchants in Mexico | 2025-06 | 21 | |
| Bold marketing campaigns for Mercado Pago in Brazil, Mexico, and Chile | 2025-06 | 21 | |
| Bill payment acceptance feature for merchants in Mexico | 2025-06 | 21 | |
| AI-powered search experience with infinite scroll launch | 2025-06 | 21 | |
| MELI+ launch in Argentina with free shipping on items starting from approximately $10 | 2025-05 | 25 | |
| Google Ad Manager and AdMob integration | 2025-04 | 21 | |
| Argentine government foreign exchange measures | 2025-04 | 20 | |
| Mercado Play TV app launch | 2025-03 | 19 | |
| Mercado Pago Fondos investment funds management (2×) | 2025-03 | 22 | |
| Mercado Pago Inversiones S.R.L. registration as investment fund agent | 2025-02 | 20 | |
| Mercado Pago Inversiones ACDI registration in Argentina | 2025-02 | 24 | |
| Mi Página marketplace migration announced | 2025-01 | 24 | |
| Mi Página launch | 2025-01 | 26 | |
| Mercado Shops migration to Mi Página | 2025 | 26 | |
| Mercado Play expansion to connected TVs | 2025 | 26 | |
| Mercado Pago credit card launch in Argentina | 2025 | 26 | |
| Meli+ loyalty program tiered structure launch | 2025 | 26 | |
| Free shipping threshold reduction in Brazil | 2025 | 27 | |
| 2024 | |||
| Meli Dólar stablecoin (7x) | 2024 | 24 | |
| 2020 | |||
| Pix participation in Brazil (2×) | 2020-11 | 29 | |
| 2025 | |||
| First fulfillment center in China (3×) | 2025 | 7 | |
| 2024 | |||
| Metro Fulfillment Centers launch (Brasilia and Porto Alegre) | 2024-12 | 17 | |
| Mercado Pago credit card launch in Brazil | 2024-12 | 17 | |
| Brand store partnerships (Lancôme, Ralph Lauren, Lacoste, Natura) | 2024-12 | 17 | |
| iPhone 16 presale functionality | 2024-09 | 15 | |
| Virtual try-on for makeup | 2024-09 | 15 | |
| POS software for merchants | 2024-09 | 15 | |
| Motorola G85 exclusive launch | 2024-09 | 15 | |
| Mercado Pago credit card insurance product | 2024-09 | 15 | |
| MELI+ Total loyalty tier (2x) | 2024-09 | 15 | |
| Installation appointments for autoparts | 2024-09 | 15 | |
| Dynamic pricing tools for sellers | 2024-09 | 15 | |
| Bulk purchase discounts in apparel | 2024-09 | 15 | |
| Off-platform programmatic video ads partnership with Disney+ (ad-supported version) | 2024-07 | 13 | |
| 15% annual account remuneration announced for Mexico | 2024-07 | 13 | |
| Texas fulfillment center opening | 2024-06 | 13 | |
| Premium apparel and beauty brands onboarded (Hugo Boss, Kerastase) | 2024-06 | 13 | |
| Payment Service Provider Registry - Argentina | 2024-06 | 18 | |
| Mercado Play free streaming platform launched | 2024-06 | 13 | |
| Mercado Pago Inversiones Establishment (2x) | 2024-06 | 18 | |
| MELI+ membership program scaling | 2024-06 | 13 | |
| Gift lists feature launch | 2024-06 | 13 | |
| AI-generated answers on product pages | 2024-06 | 13 | |
| QR Code Interoperability - Argentina (2x) | 2024-05 | 18 | |
| Uruguay automated clearing house participation | 2024-04 | 12 | |
| Uruguay MercadoPago payment acquirer authorization (2x) | 2024-04 | 18 | |
| DEBIN Suspension and Replacement - Argentina (2x) | 2024-04 | 12 | |
| Colombia MercadoPago S.A. Compañía de Financiamiento operations | 2024-04 | 12 | |
| Split payments launch in Brazil and Mexico | 2024-03 | 11 | |
| Mercado Pago Point Smart 2 device launch in Brazil | 2024-03 | 11 | |
| Conta Turbinada (high-yield savings account) launch in Brazil | 2024-03 | 11 | |
| ERP System (SAP) Implementation | 2024-01 | 10 | |
| New fulfillment facility opening in Pernambuco | 2024 | 7 | |
| Mercado Pago Credit Card expansion | 2024 | 27 | |
| Loans Receivable Sale Program | 2024 | 18 | |
| 2023 | |||
| Remunerated account launch in Chile | 2023-12 | 9 | |
| MercadoPago Uruguay expected operational (2x) | 2023-12 | 6 | |
| MercadoPago Uruguay Electronic Money Issuing Institution operations | 2023-10 | 8 | |
| 3-year shipping agreements with Brazilian shipping companies | 2023-10 | 14 | |
| MercadoPago credit card for small businesses launch | 2023-08 | 7 | |
| Coupon Center tool launch for sellers | 2023-08 | 7 | |
| MercadoPago Uruguay electronic money issuer approval | 2023-07 | 6 | |
| Two new fulfillment centers in Mexico City and Merida | 2023-06 | 5 | |
| Financial institution license in Colombia (2x) | 2023-06 | 8 | |
| Extended warranty insurance for cross-border purchases launched in Mexico | 2023-06 | 5 | |
| Mercado Pago digital account marketing campaign launch | 2023-04 | 3 | |
| Credit card launch in Mexico | 2023-03 | 3 | |
| Argentina peso currency acquisition losses on share repurchases | 2023-03 | 4 | |
| Ads Console platform launch (2x) | 2023-03 | 5 | |
| Mercado Pago payment facilitator registration in Peru | 2023-01 | 10 | |
| Sustainable Notes Issuance | 2023 | 10 | |
| Sellers promotional coupons AI capability | 2023 | 9 | |
| New fulfillment facilities in Mexico | 2023 | 9 | |
| Merchant credit program expansion | 2023 | 9 | |
| Mercado Play streaming service launch Argentina Brazil Mexico Colombia Chile Peru Uruguay | 2023 | 10 | |
| Mercado Pago credit card launch in Mexico | 2023 | 9 | |
| Mercado Pago credit card launch Mexico | 2023 | 10 | |
| Meli Places Network | 2023 | 10 | |
| MELI+ loyalty program relaunch (4x) | 2023 | 11 | |
| MELI Delivery Day (MDD) (2x) | 2023 | 11 | |
| Loyalty Token Program | 2023 | 10 | |
| Heavy and bulky delivery capabilities expansion | 2023 | 9 | |
| First-party business transformation in Consumer Electronics | 2023 | 9 | |
| Clips short-format video platform | 2023 | 9 | |
| Affiliates program launch | 2023 | 9 | |
| Advertising technology for big brands and agencies | 2023 | 9 | |
| 2022 | |||
| Savings products and certificates of deposit Brazil | 2022 | 10 | |
| Investment fund options Brazil | 2022 | 10 | |
| 2021 | |||
| Brazilian Open Finance participation | 2021-02 | 10 | |
| Mercado Pago credit card launch Brazil | 2021 | 10 | |
| Digital Assets Feature (10×) | 2021 | 26 | |
| 2020 | |||
| Mercado Credito in Brazil | 2020-11 | 10 | |
| Mercado Pago registration in Argentina | 2020-07 | 10 | |
| Meli Places neighborhood store and commercial point network | 2020 | 10 | |
| Meli Air Aircraft Fleet (3×) | 2020 | 10 | |
| 2019 | |||
| Banking license application in Mexico (2×) | 2019-09 | 13 | |
| Undated | |||
| New fulfillment centers planned for Mexico | coming quarters | 7 | |
Advertisement
MercadoLibre Transactions & Events (18)
Transactions of MercadoLibre since 2023: acquisitions, disposals, agreements and regulation, deliberately including smaller items; purchase prices only when the company names them. NadirAlpha methodology
Acquisitions · 9Divestitures/exits · 3older: 6 (in the table)
Acquisitions by MercadoLibre
| Transaction / stake | Date | Type | Source |
|---|---|---|---|
| 2025 | |||
| MPFS Subsidiary Guarantor status | 2025-05 | Completed | 20 |
| 2024 | |||
| New warehouse leases - 1,497 million for 5 to 15 year terms | 2024-09 | Completed | 16 |
| Pacaembu Stadium Naming Rights Agreement (5×) | 2024-01 | Announced | 10 |
| Mercado Pago fintech regulation | 2024-01 | Completed | 12 |
| 2023 | |||
| Shipping company minimum commitments - 109 million remaining | 2023-10 | Completed | 16 |
| Shipping company agreements in Brazil for logistics services ($66 million over 3 years) | 2023-10 | Announced | 12 |
| 3-year shipping company logistics agreements | 2023-10 | Announced | 10 |
| 2022 | |||
| Gol Linhas Aereas air logistics agreement (4×) | 2022-04 | Announced | 10 |
| Credit arrangement agreement | 2022-03 | Announced | 8 |
| 2021 | |||
| Acquisition of Redelcom S.A. | 2021-12 | Completed | 10 |
| Kangú acquisition (3×) | 2021-11 | Completed | 6 |
| MEKA initial public offering | 2021-10 | Completed | 6 |
| Cloud services commitment ($200 million over 3 years) (4×) | 2021-10 | Completed | 16 |
| 3.125% Notes due 2031 (5×) | 2021-01 | Completed | 6 |
| 2018 | |||
| Mercado Pago license in Chile (7×) | 2018-11 | Completed | 18 |
Divestitures and exits by MercadoLibre
Advertisement
MercadoLibre Risks (170 since the annual report of 2026-02-25, 378 tracked in total)
NadirAlpha lists 170 active risks of MercadoLibre from the filings, the category as a coloured dot with legend, the wording as a short summary of the filing with no assessment of our own. NadirAlpha methodology
Category: Supply chainLegalRegulatoryFinancialMacroTechnologyGeopoliticsCustomersMarketCyberCompetitionstrategiePeople
| Risk | Category | Last reported |
|---|---|---|
| MercadoLibre: first mention in 10-Q quarterly report of 2026-08-06 (2026-Q2), source 30 | ||
| Increasing shipping operating and carrier costs driven by first-party logistics expansion impact gross margins | = | |
| STJ ruled against taxpayers on ICMS-DIFAL over fixed assets; probable risk for April-December 2022 period | = | |
| Risk of losing tax case on exclusion of ICMS benefits from federal tax base; total disputed amount $152 million | = | |
| Argentina and Colombia subsidiaries subject to specific taxes on revenues and financial income classified as cost of revenues | = | |
| Foreign currency translation adjustments impact consolidated financial statements through other comprehensive income | = | |
| Business exposed to macroeconomic instability in Latin American operations affecting financial performance | = | |
| CNV prudential framework for clearing and settlement agents; affects Mercado Pago Inversiones reporting | = | |
| CBA extended AML regulations to payment service providers; MercadoLibre complied within 90-day deadline | = | |
| CBA expanded technology security requirements for payment service providers; August 2026 deadline | = | |
| Brazil BACEN April 2026 resolution on international payment services; compliance deadline October 2026 | = | |
| Brazil BACEN regulations require authorization for crypto asset services; Mercado Pago submitted request July 30 2026 | = | |
| CMF approved Mercado Pago cross-border acquiring; completing formalization steps June 2026 | = | |
| Central Bank of Uruguay authorized interest-bearing accounts for MercadoPago May 7 2026 | = | |
| Significant capital requirements for AI capabilities and technology infrastructure to maintain competitive position | = | |
| MercadoLibre: first mention in 8-K-EX99.1 earnings release of 2026-08-05 (2026-Q2), source 29 | ||
| Credit portfolio growing significantly faster at 75% YoY than consolidated net revenue at 50% YoY | = | |
| Argentina faced challenging consumption environment causing growth deceleration in Q2'26 | = | |
| Industry-wide increase in memory chip prices elevated POS device costs in Mexico and Argentina | = | |
| Mexican tax reform continued as headwind impacting demand growth in Q2'26 | = | |
| MercadoLibre: first mention in 10-K annual report of 2025-02-21 (FY2024), source 18 | ||
| Rapid growth of credit card and consumer lending portfolio increases credit risk exposure and provision for doubtful accounts requirements | 2026-Q2 2026-08-06 30 | |
| MercadoLibre: first mention in 10-Q quarterly report of 2024-08-02 (2024-Q2), source 14 | ||
| Withholding income tax disputes in Brazil-Argentina Double Taxation Convention; provision of 632 million recorded | 2026-Q2 2026-08-06 30 | |
| MercadoLibre: first mention in 10-K annual report of 2024-02-23 (FY2023), source 10 | ||
| Maximum potential exposure under buyer protection program is $9,292 million as of June 30, 2026 | 2026-Q2 2026-08-06 30 | |
| MercadoLibre: first mention in 10-Q quarterly report of 2023-08-03 (2023-Q2), source 6 | ||
| Concentration of revenues in Brazil, Mexico, and Argentina represents geographic revenue concentration risk | 2026-Q2 2026-08-06 30 | |
| Legal actions with estimated aggregate liability up to 622 million assessed as reasonably possible | 2026-Q2 2026-08-06 30 | |
| MercadoLibre: first mention in 10-Q quarterly report of 2023-05-04 (2023-Q1), source 4 | ||
| Argentina inflation rate 16.8% for H1 2026; floating exchange bands updated monthly per inflation | 2026-Q2 2026-08-06 30 | |
| Argentine exchange controls restrict currency conversion; securities trading restrictions imposed September 2025 | 2026-Q2 2026-08-06 30 | |
| Significant operations in foreign currencies expose the company to foreign exchange risk, particularly with Brazilian Real, Mexican Peso, and Argentine Peso | 2026-Q2 2026-08-06 30 | |
| MercadoLibre: first mention in 8-K-EX99.1 earnings release of 2023-05-03 (2023-Q1), source 3 | ||
| Allowance for doubtful accounts on loans receivable 4,379 million; off-balance sheet credit card commitments 14,047 million | 2026-Q2 2026-08-06 30 | |
| MercadoLibre: first mention in 10-Q quarterly report of 2026-05-08 (2026-Q1), source 28 | ||
| Rapid expansion of lending business and credit cards increases credit risk exposure | = | |
| Significant foreign currency operations in Brazil, Mexico, Argentina, Colombia and Chile subject to exchange rate risk | = | |
| Litigation and contingencies disclosed in Note 8 of consolidated financial statements | = | |
| Provisional tax liability of 592 million for withholding income tax disputes pending Superior Court | = | |
| Argentina functional currency changed to USD due to hyperinflation status | = | |
| Exposure to currency fluctuations across Brazil, Mexico, Argentina, Chile operations | = | |
| Continued investment required in logistics network and fulfillment capacity | = | |
| Multi-year commitments to cloud, logistics and shipping providers expose to volume risks | = | |
| Significant investment in artificial intelligence capabilities for internal and external use | = | |
| MercadoLibre: first mention in 8-K-EX99.1 earnings release of 2026-05-07 (2026-Q1), source 27 | ||
| Rising delinquency in Argentina financial system managed through underwriting. | = | |
| Mexican SMEs raising prices due to tax reform creating consumption headwind. | = | |
| Argentina consumption environment remains lukewarm despite strong growth. | = | |
| Increasing competition in payments and fintech services regionally. | = | |
| Ramp-up in third-party AI model costs offsetting productivity gains. | = | |
| MercadoLibre: first mention in 10-K annual report of 2026-02-25 (FY2025), source 26 | ||
| Loss of cryptographic private keys or security breaches could result in total loss of digital assets | = | |
| Argentina inflation at 31.5% and official exchange rate increases of 41.0% in 2025 | = | |
| Growth requires strengthened internal controls; mismanagement could violate regulations | = | |
| Mercado Pago required to maintain liquidity reserves per regulatory requirements. | = | |
| Concentrated investor base in structured credit vehicles exposes to redemption and refinancing risks | = | |
| Third-party fund managers control investment decisions; market fluctuations uncontrolled | = | |
| Risk of FCPA violations through unauthorized payments by employees or contractors | = | |
| Failure to prevent illicit use of digital assets could restrict or prohibit future transactions | = | |
| Damage/loss claims from sellers under Fulfillment Protection Program | = | |
| Shipping operating and carrier costs increased 1,912 million (49.5% of revenue cost increase), dependent on third-party carriers and logistics network capacity. | = | |
| FCPA and anticorruption risks in emerging markets with corruption prevalence | = | |
| Fraudulent transactions, stolen identities, chargebacks; complex detection challenges | = | |
| Multiple administrative tax assessments pending in Brazil totaling disputed amounts not yet quantified | = | |
| Unauthorized domain registrations, deceptive apps, and counterfeit websites diluting brands | = | |
| Brazilian-Argentina withholding tax disputes with 528 million provision pending multiple court levels | = | |
| Anti-money laundering and OFAC sanctions compliance risks with significant penalties | = | |
| CNV authorized MPY as Investment Fund Distribution Agent; MPA manages 4,536 million ARS | = | |
| Meli Dólar migration to Bermuda completed; Class M Digital Asset Business licenses issued | = | |
| Mercado Pago Crypto license application pending CMF approval (Chile) | = | |
| FX restrictions in certain LatAm countries require government authorization | = | |
| ICMS-DIFAL and ICMS tax benefits challenges with varying risk assessments across multiple cases | = | |
| Laws governing e-commerce, fintech, data protection rapidly evolving | = | |
| Shipping services regulation and requirement to comply with local licensing requirements | = | |
| Manufacturers restrict resale, enforce price maintenance, limit online channels | = | |
| AI/ML use could lead to unintended disclosure of confidential or personal data | = | |
| Employee misconduct or social engineering could compromise systems and customer information | = | |
| Ransomware and denial-of-service attacks could interrupt operations and cause data loss | = | |
| Security breaches at customers, partners, or vendors could result in similar negative consequences | = | |
| Bank failures, capital market disruptions threaten receivables and deposits | = | |
| Brazil inflation at 4.3% and historical currency volatility affect financial performance | = | |
| Card association fee increases passed to Mercado Pago; margin pressure from processors | = | |
| Rating agency downgrades could increase borrowing costs and reduce financing availability | = | |
| Depreciation of Latin American currencies creates inflationary pressures and FX translation risks | = | |
| Business insurance may be insufficient; disruptions cause substantial uninsured costs | = | |
| Mexico inflation at 3.7% affects operational costs and pricing strategies | = | |
| Government policy changes including price controls and capital controls could impact business | = | |
| Concentrated geographic exposure to Latin America with 18 countries, dependent on regional macroeconomic conditions and political stability. | = | |
| Consumer and merchant fraud liability in Latin America due to weak secure payment adoption | = | |
| Natural disasters, climate change, and geopolitical events could materially disrupt operations | = | |
| Long-term climate impacts including extreme weather, flooding, and rising temperatures | = | |
| Multi-jurisdictional operations exposed to foreign exchange and interest rate risks | = | |
| Political crises, instability, corruption affect business in emerging markets | = | |
| Natural disasters, climate change, pandemics disrupt operations | = | |
| Computing capacity and third-party providers subject to disruption | = | |
| Difficult to forecast revenues; expenses largely fixed; macro volatility in LatAm | = | |
| Difficulty enforcing judgments rendered in U.S. courts against non-U.S. entities and persons | = | |
| Risk of infringement claims; difficulty protecting and enforcing own IP rights | = | |
| Open source software use could inadvertently infringe third-party IP or require source code disclosure | = | |
| Uncertain and evolving regulatory landscape for cryptocurrencies and digital asset exchanges | = | |
| Mercado Pago subject to fintech regulations in multiple jurisdictions requiring mandatory investment holdings and reserve requirements. | = | |
| Uncertain liability frameworks and evolving regulations for e-commerce and payments | = | |
| OECD Pillar Two GLoBE Rules implemented in Spain, Uruguay and Brazil for global minimum 15% taxation; Pillar Two Side-by-Side package approved January 2026 may exempt U.S. parented groups from certain provisions. | = | |
| Expanding privacy laws and data protection requirements across Latin America | = | |
| Charter provisions including staggered board and voting limits inhibit change of control | = | |
| Brazil increased CSLL and withholding tax rates effective 2026-2028 | = | |
| Pillar Two minimum tax framework and Brazilian VAT reform could impact effective tax rate | = | |
| Emerging AI regulations may impose limits on high-risk AI systems and require assessments | = | |
| Distribution through Apple/Google restricted; 15-30% commission; anti-steering clauses | = | |
| Failure of billing/transaction systems impacts revenue collection | = | |
| Hosting, shipping, payments infrastructure failures could reduce transactions | = | |
| Rapid technological changes; need for constant infrastructure upgrades | = | |
| Advertising market dominated by large global companies with access to audiences. | = | |
| Operating in highly competitive Latin American e-commerce market with significant competition from global and regional players. | = | |
| Barriers-to-entry are low; competitors can launch sites with commercially available software. | = | |
| International e-commerce players expanding in Brazil and Mexico intensifying competition. | = | |
| MercadoLibre: first mention in 8-K-EX99.1 earnings release of 2026-02-24 (2025-Q4), source 25 | ||
| Operations in Argentina subject to macroeconomic volatility and currency devaluation risks | = | |
| Dependency on Latin America region; ecommerce penetration remains below developed markets | = | |
| Operating efficient logistics network critical to value proposition; supply chain disruptions possible | = | |
| Regulatory environment for digital financial services and ecommerce varies by jurisdiction | = | |
| Increasing reliance on AI tools for marketplace experience and customer service | = | |
| Intense competition in ecommerce and fintech; incumbent financial institutions in Latin America | = | |
| MercadoLibre: first mention in 10-Q quarterly report of 2025-10-30 (2025-Q3), source 24 | ||
| Significant increase in provision for doubtful accounts (66.4%) reflects expansion of credit portfolio with concentration risk in credit cards, consumer and merchant lending. | FY2025 2026-02-25 26 | |
| Brazil-Argentina withholding tax dispute: $501 million provision with $25 million deposited October 2025 | = | |
| MercadoLibre: first mention in 10-Q quarterly report of 2025-08-05 (2025-Q2), source 22 | ||
| Meli Participaciones and Marketplace Investments applied for banking license in Argentina | = | |
| MercadoLibre: first mention in 10-K annual report of 2025-02-21 (FY2024), source 18 | ||
| CECL estimate complexity requires significant judgment for loan loss provisions. | FY2025 2026-02-25 26 | |
| Valuation allowance of 764 million (42% increase) against deferred tax assets, primarily U.S. foreign tax credits and NOL carryforwards. | FY2025 2026-02-25 26 | |
| Bitcoin and digital asset holdings subject to high price volatility and regulatory uncertainty | FY2025 2026-02-25 26 | |
| Demand forecasting errors; organized crime in warehouse regions; inventory risk | FY2025 2026-02-25 26 | |
| Carrier unavailability in high-demand regions could disrupt shipping | FY2025 2026-02-25 26 | |
| Argentine operations classified as highly inflationary; official exchange rate increased 41.0% in 2025 with 31.5% annual inflation. | FY2025 2026-02-25 26 | |
| Liability for items infringing third-party IP rights sold through marketplace | FY2025 2026-02-25 26 | |
| Liability for unlawful goods sold on platform or stored in fulfillment centers by users | FY2025 2026-02-25 26 | |
| Buyers/sellers default; Buyer Protection Program reimbursements increasing | FY2025 2026-02-25 26 | |
| Brazil capital requirements (10.5%), Mexico banking license pending, Argentina banking application pending | FY2025 2026-02-25 26 | |
| Banking and money transmission licensing requirements and regulatory compliance obligations | FY2025 2026-02-25 26 | |
| Federal tax contributions dispute: IRPJ/CSLL $77 million and PIS/COFINS $21 million disputed; preliminary injunction granted on appeals | 2025-Q3 2025-10-30 24 | |
| Credit card funding has fixed costs; low-ticket volume shifts reduce margins | FY2025 2026-02-25 26 | |
| Demand fluctuates with seasonality, macro conditions, new technologies | FY2025 2026-02-25 26 | |
| AI-generated content ownership ambiguity could lead to IP infringement claims | FY2025 2026-02-25 26 | |
| Trademarks and domain names may not have adequate protection in all countries where services operate. | FY2025 2026-02-25 26 | |
| Consumer complaints could increase in aggregate absolute numbers over time | FY2025 2026-02-25 26 | |
| Strategic acquisitions risk unforeseen costs, cultural conflicts, goodwill impairment | FY2025 2026-02-25 26 | |
| IT infrastructure disruption could cause system failures and revenue loss | FY2025 2026-02-25 26 | |
| System failures, cyberattacks, or cloud provider issues could disrupt business operations | FY2025 2026-02-25 26 | |
| Loss of third-party technology licenses could force costly substitutes or service disruption | FY2025 2026-02-25 26 | |
| Large competitors have greater resources; inability to deliver value harms revenue | FY2025 2026-02-25 26 | |
| Low entry barriers; Asian e-commerce platforms gaining significant market share | FY2025 2026-02-25 26 | |
| MercadoLibre: first mention in 10-Q quarterly report of 2024-11-07 (2024-Q3), source 16 | ||
| Operations significantly affected by inflation in Argentina (44.5%), Brazil and Mexico, impacting funding costs for fintech business and merchant economics. | FY2025 2026-02-25 26 | |
| MercadoLibre: first mention in 10-Q quarterly report of 2024-08-02 (2024-Q2), source 14 | ||
| Company accrued 153 million for probable contingent liabilities and faces 276 million reasonably possible losses. | 2025-Q1 2025-05-08 20 | |
| Risk of losing case on ICMS exclusion from IRPJ and CSLL tax bases remains uncertain | 2026-Q1 2026-05-08 28 | |
| MercadoLibre: first mention in 10-Q quarterly report of 2024-05-03 (2024-Q1), source 12 | ||
| Argentine currency volatility and exchange control restrictions impact operating results. | FY2025 2026-02-25 26 | |
| Outstanding debt includes $400M 2.375% Notes (matured January 2026), $700M 3.125% Notes due 2031, and $750M 4.900% Notes due 2033. | FY2025 2026-02-25 26 | |
| ANCI cybersecurity law; Mercado Pago Operadora S.A. classified as Operator of Vital Importance | FY2025 2026-02-25 26 | |
| Contingent litigation exposures: $177 million probable contingencies; $413 million reasonably possible contingencies | 2025-Q3 2025-10-30 24 | |
| Operations subject to evolving fintech regulations across multiple jurisdictions | 2026-Q1 2026-05-08 28 | |
| MercadoLibre: first mention in 8-K-EX99.1 earnings release of 2024-05-02 (2024-Q1), source 11 | ||
| 90.8% of consolidated cash and equivalents held in non-U.S. subsidiaries, primarily Brazil, Mexico and Argentina, with significant operational exposure to multiple countries. | FY2025 2026-02-25 26 | |
| MercadoLibre: first mention in 10-K annual report of 2024-02-23 (FY2023), source 10 | ||
| Dependence on payment processing infrastructure and third-party financial institutions. | FY2025 2026-02-25 26 | |
| Third-party sellers may sell items infringing intellectual property rights of others on the Marketplace. | FY2025 2026-02-25 26 | |
| Antitrust investigations and competition law claims regarding Buy Box algorithms | FY2025 2026-02-25 26 | |
| LGPD (Brazil), GDPR-like laws across LatAm; failure risks fines and restrictions | FY2025 2026-02-25 26 | |
| Foreign exchange fluctuations impact consolidated revenues converted from local currencies | 2026-Q1 2026-05-08 28 | |
| Political instability, economic crises, and violence in Latin America could disrupt operations | FY2025 2026-02-25 26 | |
| Internet usage patterns continue evolving; infrastructure reliability uncertain | FY2025 2026-02-25 26 | |
| Intense competition for skilled talent; retention difficult; transition risks | FY2025 2026-02-25 26 | |
| Employee unionization in Brazil and other countries increases payroll costs and reduces flexibility | FY2025 2026-02-25 26 | |
| Uncertain macroeconomic and geopolitical environment impacting financial results. | FY2025 2026-02-25 26 | |
| Potential impact of government investigations and legal proceedings. | FY2025 2026-02-25 26 | |
| Security breaches threaten customer data; reputational harm and liability exposure | FY2025 2026-02-25 26 | |
| Growth of local and global fintech companies offering digital financial services. | FY2025 2026-02-25 26 | |
| MercadoLibre: first mention in 10-Q quarterly report of 2023-11-02 (2023-Q3), source 8 | ||
| Advances in computing and cryptography could compromise security measures protecting customer data | FY2025 2026-02-25 26 | |
| Transportation disruptions and labor conflicts could limit inventory and order fulfillment | FY2025 2026-02-25 26 | |
| Extensive regulatory oversight and licensing requirements across multiple jurisdictions | FY2025 2026-02-25 26 | |
| MercadoLibre: first mention in 10-Q quarterly report of 2023-08-03 (2023-Q2), source 6 | ||
| Maximum potential exposure under buyer protection program of 8,100 million | 2026-Q1 2026-05-08 28 | |
| Significant operations in foreign currencies (Brazilian Real, Mexican Peso, Argentine Peso) subject to FX fluctuation impacts. | FY2025 2026-02-25 26 | |
| Senior notes and credit facilities subject to various covenants and restrictions | 2026-Q1 2026-05-08 28 | |
| MercadoLibre: first mention in 10-Q quarterly report of 2023-05-04 (2023-Q1), source 4 | ||
| LTRP Variable Payment obligation of $664 million subject to equity price risk | 2026-Q1 2026-05-08 28 | |
| Variable rate debt exposure of $7,110 million subject to interest rate fluctuations | 2026-Q1 2026-05-08 28 | |
| MercadoLibre: first mention in 8-K-EX99.1 earnings release of 2023-05-03 (2023-Q1), source 3 | ||
| Foreign exchange movements create headwinds and tailwinds to revenue. | 2026-Q1 2026-05-07 27 | |
| Latin America fintech regulatory environment impacts expansion. | 2026-Q1 2026-05-07 27 | |
= last mention identical with the first mention (same source)
Advertisement
MercadoLibre Reported KPIs (as disclosed) (680)
NadirAlpha collects 680 reported KPIs of MercadoLibre from the filings up to Q2 2026; the definition comes from the company, period and source are stated at every value. NadirAlpha methodology
Company-specific KPIs verbatim from the filings (English, as disclosed; not normalised). Balance-sheet and boilerplate items filtered.
| KPI | Value / change | Source |
|---|---|---|
| MercadoLibre, published 2026-08-06, period 2026-Q2 | ||
| weighted average interest rate | 5.37% | 30 |
| interest rate swap hedge notional amount | 626 million | 30 |
| interest rate swap fair value hedge notional amount | 503 million | 30 |
| asset-backed loan portfolio hedge notional amount | 507 million | 30 |
| accrued liability LTRP Variable Payment | 75 million | 30 |
| Unique active buyers | 117 | 30 |
| Total short term investments | 2,081 | 30 |
| Total right of use asset net | 2,560 | 30 |
| Total restricted cash and cash equivalents | 13,114 | 30 |
| Total property and equipment net | 2,725 | 30 |
| Total payment volume | $188,138 | 30 |
| Total payment transactions | 9,821 | 30 |
| Total past due loans | 4,638 | 30 |
| Total long term investments | 1,715 | 30 |
| Total cash and cash equivalents | 3,649 | 30 |
| Total Direct contribution | 2,948 | 30 |
| Other Countries segment pct revenues | 4.5% | 30 |
| Number of items sold | 1,517 | 30 |
| NIMAL | 19.4% | 30 |
| Mexico segment pct revenues | 22.7% | 30 |
| LTRP Variable contractual obligation fair value | 642 million | 30 |
| Gross merchandise volume | $40,877 | 30 |
| Fintech monthly active users | 88 | 30 |
| Financial services and income Mexico | 657 | 30 |
| Financial services and income Brazil | 1,711 | 30 |
| Financial services and income Argentina | 1,455 | 30 |
| Direct contribution Other Countries | 129 | 30 |
| Direct contribution Mexico | 650 | 30 |
| Direct contribution Brazil | 939 | 30 |
| Direct contribution Argentina | 1,230 | 30 |
| Diluted earnings per share | 17.42 | 30 |
| Depreciation and amortization | $538 | 30 |
| Credit revenues Mexico | 999 | 30 |
| Credit revenues Brazil | 2,421 | 30 |
| Credit revenues Argentina | 850 | 30 |
| Commerce services Mexico | 2,114 | 30 |
| Commerce services Brazil | 4,447 | 30 |
| Commerce services Argentina | 1,019 | 30 |
| Commerce product sales Mexico | 531 | 30 |
| Commerce product sales Brazil | 1,709 | 30 |
| Commerce product sales Argentina | 211 | 30 |
| Capital expenditures | $712 | 30 |
| Brazil segment pct revenues | 54.2% | 30 |
| Basic earnings per share | 17.42 | 30 |
| Argentina segment pct revenues | 18.6% | 30 |
| Acquiring total payments volume | $120,072 | 30 |
| MercadoLibre, published 2026-08-05, period 2026-Q2 | ||
| Unique active buyers | 89 | 29 |
| Total payment volume | 100,952 | 29 |
| Total payment transactions | 5,181 | 29 |
| Number of items sold | 795 | 29 |
| NIMAL | 20.7% | 29 |
| Gross merchandise volume | 21,926 | 29 |
| Fintech monthly active users | 88 | 29 |
| Depreciation and amortization | 292 | 29 |
| Credit exposure per user (credit card) | 446 | 29 |
| Credit exposure per user (consumer portfolio) | 231 | 29 |
| Capital expenditures | 441 | 29 |
| Acquiring total payment volume | 64,079 | 29 |
| AUM per user | 264 | 29 |
| MercadoLibre, published 2026-05-08, period 2026-Q1 | ||
| Operating income margin | 6.9 | 28 |
| Operating income margin | 12.9 | 28 |
| Gross profit margin | 43.7 | 28 |
| Gross profit margin | 46.7 | 28 |
| Estimated effective tax rate | 27.9 | 28 |
| Estimated effective tax rate | 30.0 | 28 |
| Assets under management mutual funds | 4,719 | 28 |
| Weighted average interest rate | 5.46% | 28 |
| Unused agreed loan commitment credit cards | 11,892 million | 28 |
| Unique active buyers | 84 | 28 |
| Unconditional purchase obligations remaining | 6 million | 28 |
| Total payment volume | $87,186 | 28 |
| Total payment transactions | 4,640 | 28 |
| Remaining shipping logistics purchase commitment | 23 million | 28 |
| Remaining cloud platform purchase commitment | 2,359 million | 28 |
| Remaining air logistics purchase commitment | 282 million | 28 |
| Number of items sold | 722 | 28 |
| NIMAL | 17.8% | 28 |
| Maximum potential exposure buyer protection program | 8,100 million | 28 |
| Lease agreements for new warehouses total | 2,122 million | 28 |
| Knowledge based economy promotional regime benefit | 13 million | 28 |
| Gross merchandise volume | $18,951 | 28 |
| Fintech monthly active users | 83 | 28 |
| Depreciation and amortization | 246 | 28 |
| Capital expenditures | 271 | 28 |
| Allowance for doubtful accounts total | 3,865 million | 28 |
| Acquiring total payments volume | $55,993 | 28 |
| MercadoLibre, published 2026-05-07, period 2026-Q1 | ||
| Unique active buyers | 84 | 27 |
| Total payment volume | 87,186 | 27 |
| Total payment transactions | 4,640 | 27 |
| Number of items sold | 722 | 27 |
| Net debt | 5,748 | 27 |
| NIMAL | 17.8% | 27 |
| Gross merchandise volume | 18,951 | 27 |
| Fintech monthly active users | 83 | 27 |
| Depreciation and amortization | 246 | 27 |
| Credit portfolio total | 14.6bn | 27 |
| Credit card portfolio | 6.6bn | 27 |
| Capital expenditures | 271 | 27 |
| Acquiring total payment volume | 55,993 | 27 |
| AUM | almost $20bn | 27 |
| MercadoLibre, published 2026-02-25, period FY2025 | ||
| Renegotiations pct | 1.6% | 26 |
| Reasonably possible legal actions | 449 | 26 |
| Deferred tax liabilities | 452 | 26 |
| Deferred tax assets net | 1,621 | 26 |
| Contingent liabilities accrued | 129 | 26 |
| Buyer protection program maximum exposure | 7,953 | 26 |
| Unique active buyers | 121 | 26 |
| Total payment volume | 277,823 | 26 |
| Total payment transactions | 15,470 | 26 |
| Total Payment Volume Growth | 41.3% | 26 |
| Operating margin | 11.1% | 26 |
| Number of items sold | 2,429 | 26 |
| NIMAL | 22.4% | 26 |
| Gross profit margin | 44.5% | 26 |
| Gross merchandise volume | 65,037 | 26 |
| Gross Merchandise Volume Growth | 26.4% | 26 |
| Fintech monthly active users | 78 | 26 |
| Effective tax rate | 29.7% | 26 |
| Depreciation and amortization | 818 | 26 |
| Credit originations growth | 61% | 26 |
| Cash, restricted cash and investments - non-U.S. subsidiaries | 16,282 million (90.8% of consolidated) | 26 |
| Cash and cash equivalents and short-term investments | 5,284 million | 26 |
| Capital expenditures | 1,327 | 26 |
| Assets under administration (mutual funds) | 4,536 million | 26 |
| Acquiring total payments volume | 188,105 | 26 |
| MercadoLibre, published 2026-02-24, period 2025-Q4 | ||
| Unique active buyers | 121 | 25 |
| Total payment volume | 277,823 | 25 |
| Total payment transactions | 15,470 | 25 |
| Number of items sold | 2,429 | 25 |
| Net debt | 4,682 | 25 |
| NIMAL | 22.4% | 25 |
| Gross merchandise volume | 65,037 | 25 |
| Fintech monthly active users | 78 | 25 |
| Depreciation and amortization | 818 | 25 |
| Capital expenditures | 1,327 | 25 |
| Acquiring total payment volume | 188,105 | 25 |
| MercadoLibre, published 2025-10-30, period 2025-Q3 | ||
| Assets under administration (mutual funds) | 3,477 | 24 |
| Allowance for doubtful accounts | 2,830 | 24 |
| Weighted average interest rate | 5.96% | 24 |
| Warehouse lease agreements | 1,200 | 24 |
| Unique active buyers | 107 | 24 |
| Unconditional capital expenditure obligations | 34 | 24 |
| U.S. dollar-denominated long-term investments | 633 million | 24 |
| U.S. dollar-denominated cash and cash equivalents and short-term investments | 2,045 million | 24 |
| Total repurchase amount | 1 million | 24 |
| Total payment volume | 194,129 | 24 |
| Total payment transactions | 10,964 | 24 |
| Short-term investments (foreign currencies) | 2,481 million | 24 |
| Short-term investments | 3,715 million | 24 |
| Shipping companies Brazil commitment | 59 | 24 |
| Shares repurchased | 457 | 24 |
| Remaining shipping companies commitment | 33 | 24 |
| Remaining cloud platform and technology services commitment | 2,544 | 24 |
| Remaining capital expenditure commitment | 6 | 24 |
| Remaining Gol Linhas Aereas commitment | 301 | 24 |
| Reasonably possible legal actions exposure | 413 | 24 |
| PIS/COFINS disputed amounts | 21 | 24 |
| Number of items sold | 1,677 | 24 |
| Notional amount of interest rate hedging contracts | 909 million | 24 |
| NIMAL | 22.0% | 24 |
| Maximum potential exposure buyer protection program | 6,533 | 24 |
| Long-term investments (foreign currencies) | 703 million | 24 |
| Long-term investments | 1,336 million | 24 |
| Loans payable and other financial liabilities (variable rates) | 5,811 million | 24 |
| Interest rate swap contracts notional amount | 120 | 24 |
| IRPJ/CSLL/PIS disputed amounts | 77 | 24 |
| ICMS-DIFAL judicial deposits | 2 | 24 |
| ICMS exclusion judicial deposits | 31 | 24 |
| Gross merchandise volume | 45,131 | 24 |
| Gol Linhas Aereas air logistics services commitment | 378 | 24 |
| Future contracts notional amount | 274 | 24 |
| Foreign exchange contracts notional amount | 682 | 24 |
| Fintech monthly active users | 72 | 24 |
| Estimated proceeding-related contingencies | 177 | 24 |
| Designated hedging instruments | 789 million | 24 |
| Depreciation and amortization | 580 | 24 |
| Cross currency swap contracts notional amount | 515 | 24 |
| Consolidated loss on foreign currency (three-month period) | -102 million | 24 |
| Consolidated loss on foreign currency (nine-month period) | -274 million | 24 |
| Cloud platform and technology services commitment | 3,167 | 24 |
| Cash and cash equivalents (foreign currencies) | 8,388 million | 24 |
| Capital expenditures | 900 | 24 |
| Brazil-Argentina judicial deposits | 450 | 24 |
| Brazil weighted average discount rate operating leases | 10% | 24 |
| Brazil weighted average discount rate finance leases | 15% | 24 |
| Board authorization for stock repurchase | 4.05 million | 24 |
| Average price per share | 2,342.13 | 24 |
| Acquiring total payments volume | 132,394 | 24 |
| Accrued liability for outstanding LTRP Variable Payment | 151 million | 24 |
| MercadoLibre, published 2025-10-29, period 2025-Q3 | ||
| Unique active buyers | 77 | 23 |
| Total payment volume | 71.2 | 23 |
| Total payment transactions | 4,013 | 23 |
| Number of items sold | 635 | 23 |
| Number of credit card users | 27 | 23 |
| NIMAL | 21.0% | 23 |
| Gross merchandise volume | 16.5 | 23 |
| Fintech monthly active users | 72 | 23 |
| Credit portfolio | 11.0 | 23 |
| Acquiring total payment volume | 47.712 | 23 |
| 15-90 day NPL | 6.8% | 23 |
| MercadoLibre, published 2025-08-05, period 2025-Q2 | ||
| Total liabilities fair value | 265 | 22 |
| Total assets fair value | 7,163 | 22 |
| Short-term investments | 4,634 million | 22 |
| Long-term investments | 1,388 million | 22 |
| Cash and equivalents | 6,888 | 22 |
| Allowance doubtful accounts loans | 2,463 | 22 |
| Unique active buyers | 90 | 22 |
| Total payment volume | 122,905 | 22 |
| Total payment transactions | 6,951 | 22 |
| Number of items sold | 1,042 | 22 |
| NIMAL | 22.8% | 22 |
| Loans payable and other financial liabilities with variable rates | 5,269 million | 22 |
| LTRP accrued liability | 114 million | 22 |
| LTRP variable payment obligation fair value | 973 million | 22 |
| Interest rate hedge notional amount | 826 million | 22 |
| Interest rate hedge designated as hedging instruments | 709 million | 22 |
| Gross merchandise volume | 28,588 | 22 |
| Fintech monthly active users | 68 | 22 |
| Capital expenditures | 543 | 22 |
| Acquiring total payments volume | 84,682 | 22 |
| MercadoLibre, published 2025-08-04, period 2025-Q2 | ||
| Unique active buyers | 71 | 21 |
| Total payment volume | 64,602 | 21 |
| Total payment transactions | 3,607 | 21 |
| Total credit portfolio | 9.3 billion | 21 |
| Number of items sold | 550 | 21 |
| NIMAL | 23.0% | 21 |
| Gross merchandise volume | 15,258 | 21 |
| Fintech monthly active users | 68 | 21 |
| Depreciation and amortization | 199 | 21 |
| Credit card portfolio | 4.0 billion | 21 |
| Capital expenditures | 287 | 21 |
| Acquiring total payment volume | 44,365 | 21 |
| Acquiring TPV growth | 53% | 21 |
| AUM total | 13.8 billion | 21 |
| 1P quarterly GMV | 1 billion | 21 |
| 15-90 day NPL ratio | 6.7% | 21 |
| MercadoLibre, published 2025-05-08, period 2025-Q1 | ||
| Weighted average outstanding common shares | 50,697,375 | 20 |
| Warehouse lease agreements | 1,364 | 20 |
| Renegotiations pct of portfolio | 1.3% | 20 |
| Reasonably possible contingent liabilities | 276 | 20 |
| Probable contingent liabilities | 153 | 20 |
| Off-balance-sheet unused loan commitment | 3,580 | 20 |
| Loans sold to third party | 31 | 20 |
| Income tax benefit knowledge economy | 18 | 20 |
| Gain on loans sold | 1 | 20 |
| Exchange spread Argentina | 22.9% | 20 |
| Effective tax rate | 30.0% | 20 |
| Cloud platform remaining commitment | 2,944 | 20 |
| Cloud platform commitment | 3,215 | 20 |
| Buyer protection program maximum exposure | 5,546 | 20 |
| Basic and diluted net income per share | 9.74 | 20 |
| Air logistics remaining commitment | 272 | 20 |
| Air logistics commitment | 331 | 20 |
| Unique active buyers | 67 | 20 |
| Total payment volume | 43% | 20 |
| Total payment transactions | 3,344 | 20 |
| Number of items sold | 492 | 20 |
| NIMAL | 22.7% | 20 |
| Gross merchandise volume | 17% | 20 |
| Fintech monthly active users | 64 | 20 |
| Depreciation and amortization | 172 | 20 |
| Credit originations growth | 59% | 20 |
| Capital expenditures | 256 | 20 |
| Acquiring total payments volume | 40,317 | 20 |
| MercadoLibre, published 2025-05-07, period 2025-Q1 | ||
| Unique active buyers | 67 | 19 |
| Total payment volume | 58,303 | 19 |
| Total payment transactions | 3,344 | 19 |
| Number of items sold | 492 | 19 |
| NIMAL | 22.7% | 19 |
| Gross merchandise volume | 13,330 | 19 |
| Fintech monthly active users | 64 | 19 |
| Depreciation and amortization | 172 | 19 |
| Credit portfolio | 7.8 billion | 19 |
| Capital expenditures | 256 | 19 |
| Acquiring total payment volume | 40,317 | 19 |
| MercadoLibre, published 2025-02-21, period FY2024 | ||
| Unique active buyers | 100 | 18 |
| Unconditional capex purchase obligations remaining | 16 million | 18 |
| Total payment volume | 196,660 | 18 |
| Total payment transactions | 11,355 | 18 |
| Total cash and equivalents | 2,635 | 18 |
| Time deposits securitization restricted | 171 million | 18 |
| Short-term investments | 4,485 | 18 |
| Shipping companies Brazil remaining purchase commitment | 39 million | 18 |
| Sales tax expense | 1,367 | 18 |
| Revenue non-ASC 606 | 5,640 | 18 |
| Revenue ASC 606 | 15,137 | 18 |
| Restricted cash and equivalents | 2,064 | 18 |
| Property and equipment, net | 1,380 | 18 |
| Operating income margin | 12.7% | 18 |
| Number of items sold | 1,787 | 18 |
| nimal | 28.2 | 18 |
| net income | 1,911 | 18 |
| maximum potential exposure bpp | 5,769 million | 18 |
| long term investments | 1,203 | 18 |
| lease agreements uncommenced | 1,451 million | 18 |
| gross profit margin | 46.1% | 18 |
| gross merchandise volume | 51,467 | 18 |
| gol linhas remaining purchase commitment | 233 million | 18 |
| fintech monthly active users | 61 | 18 |
| ether holdings | 3049.8 (USD units) | 18 |
| ether fair value | 10 | 18 |
| Effective tax rate | 21.4% | 18 |
| direct contribution margin other countries | 13.2% | 18 |
| direct contribution margin mexico | 18.3% | 18 |
| direct contribution margin brazil | 20.0% | 18 |
| direct contribution margin argentina | 43.9% | 18 |
| digital assets fair value | 49 | 18 |
| depreciation and amortization | 617 | 18 |
| depreciation amortization | 466 | 18 |
| consolidated direct contribution margin | 23.7% | 18 |
| complexo pacaembu naming rights | 44 million | 18 |
| Cloud platform remaining purchase commitment | 3,102 million | 18 |
| Cash in banks restricted | 38 million | 18 |
| Capital expenditures | 860 | 18 |
| Bitcoin holdings | 412.7 (USD units) | 18 |
| Bitcoin fair value | 39 | 18 |
| Allowance doubtful accounts loans | 1,678 | 18 |
| Advertising costs | 1,053 | 18 |
| Acquiring total payments volume | 142,200 | 18 |
| Weighted average of outstanding common shares (Diluted) | 50,697,428 | 18 |
| Weighted average of outstanding common shares (Diluted) | 51,006,860 | 18 |
| Weighted average of outstanding common shares (Diluted) | 51,335,621 | 18 |
| Weighted average of outstanding common shares (Basic) | 50,697,428 | 18 |
| Net assets (Argentine subsidiaries) | 1,381 (USD In millions of U.S. dollars) | 18 |
| Liabilities (Argentine subsidiaries) | 4,181 (In millions of U.S. dollars) | 18 |
| Blue Chip Swap Rate spread | 14.7% | 18 |
| Assets (Argentine subsidiaries) | 5,562 (USD In millions of U.S. dollars) | 18 |
| MercadoLibre, published 2025-02-20, period 2024-Q4 | ||
| Unique active buyers | 100 | 17 |
| Total payment volume | $58,914 | 17 |
| Total payment volume | $196,660 | 17 |
| Total payment transactions | 3,325 | 17 |
| Total payment transactions | 11,355 | 17 |
| Number of items sold | 525 | 17 |
| Number of items sold | 1,787 | 17 |
| NIMAL | 27.6% | 17 |
| NIMAL | 39.8% | 17 |
| NIMAL | 28.2% | 17 |
| Gross merchandise volume | $14,548 | 17 |
| Gross merchandise volume | $51,467 | 17 |
| Fintech monthly active users | 61 | 17 |
| Depreciation and amortization | $152 | 17 |
| Depreciation and amortization | $617 | 17 |
| Credit portfolio | $6.6 billion | 17 |
| Capital expenditures | $305 | 17 |
| Capital expenditures | $860 | 17 |
| Acquiring total payment volume | $41,833 | 17 |
| Acquiring total payment volume | $142,200 | 17 |
| 15-90 day NPL ratio | 7.4% | 17 |
| MercadoLibre, published 2024-11-07, period 2024-Q3 | ||
| Unique active buyers | 87 | 16 |
| Total payment volume | 137,746 | 16 |
| Total payment transactions | 8,030 | 16 |
| Number of items sold | 1,262 | 16 |
| NIMAL | 28.3% | 16 |
| Gross merchandise volume | 36,919 | 16 |
| Fintech monthly active users | 56 | 16 |
| Acquiring total payments volume | 100,367 | 16 |
| MercadoLibre, published 2024-11-06, period 2024-Q3 | ||
| Unique active buyers | 87 | 15 |
| Total payment volume (Q3) | 50,691 | 15 |
| Total payment volume (Nine Months) | 137,746 | 15 |
| Total payment transactions (Q3) | 2,936 | 15 |
| Total payment transactions (Nine Months) | 8,030 | 15 |
| Number of items sold (Q3) | 456 | 15 |
| Number of items sold (Nine Months) | 1,262 | 15 |
| NIMAL (Q3) | 24.2 % | 15 |
| NIMAL (Nine Months) | 28.3 % | 15 |
| Gross merchandise volume (Q3) | 12,907 | 15 |
| Gross merchandise volume (Nine Months) | 36,919 | 15 |
| Fintech monthly active users | 56 | 15 |
| Depreciation and amortization (Q3) | 157 | 15 |
| Depreciation and amortization (Nine Months) | 465 | 15 |
| Credit portfolio | 6.0 billion | 15 |
| Credit card portfolio | 2.3 billion | 15 |
| Capital expenditures (Q3) | 223 | 15 |
| Capital expenditures (Nine Months) | 555 | 15 |
| Assets under management | 8.0 billion | 15 |
| Acquiring total payment volume (Q3) | 36,042 | 15 |
| Acquiring total payment volume (Nine Months) | 100,367 | 15 |
| MercadoLibre, published 2024-08-02, period 2024-Q2 | ||
| Total payment volume growth | 35.1 | 14 |
| Total payment transactions growth (3 months) | 54.8 | 14 |
| Total payment transactions growth (6 months) | 55.1 | 14 |
| Supplier finance obligations | 388 | 14 |
| Revenues under ASC 606 | 6,991 | 14 |
| Revenues not under ASC 606 | 2,415 | 14 |
| Non-US subsidiary cash percentage | 86.3 | 14 |
| Non-performing loans 15-90 days ratio | 8.2 | 14 |
| Gross merchandise volume growth | 20.4 | 14 |
| Customer crypto assets - other | 15 | 14 |
| customer crypto assets ether | 14 | 14 |
| customer crypto assets bitcoin | 38 | 14 |
| credits originations growth | 79 | 14 |
| credits originations growth | 75 | 14 |
| cash and equivalents outside US | 78.0 | 14 |
| cash and cash equivalents | 4,089 million | 14 |
| aggregate gain financing transactions | 835 | 14 |
| Unique active buyers | 73 | 14 |
| Total payment volume | 87,055 | 14 |
| Total payment transactions | 5,093 | 14 |
| operating lease right-of-use assets | 775 | 14 |
| operating lease liabilities | 761 | 14 |
| Number of items sold | 806 | 14 |
| NIMAL | 31.4% | 14 |
| Gross merchandise volume | 24,012 | 14 |
| Fintech monthly active users | 52 | 14 |
| finance lease property and equipment net | 111 | 14 |
| ether units held | 3,048.9 | 14 |
| ether fair value | 10 | 14 |
| ether cost basis | 3 | 14 |
| Depreciation and amortization | 308 | 14 |
| Capital expenditures | 332 | 14 |
| buyer protection program max exposure | 4,907 | 14 |
| bitcoin units held | 412.7 | 14 |
| bitcoin fair value | 26 | 14 |
| bitcoin cost basis | 6 | 14 |
| Acquiring total payments volume | 64,325 | 14 |
| MercadoLibre, published 2024-08-01, period 2024-Q2 | ||
| Unique active buyers | 73 | 13 |
| Total payment volume | 87,055 | 13 |
| NIMAL | 31.4% | 13 |
| Gross merchandise volume | 24,012 | 13 |
| Fintech monthly active users | 52 | 13 |
| Depreciation and amortization | 308 | 13 |
| Capital expenditures | 332 | 13 |
| Acquiring total payment volume | 64,325 | 13 |
| MercadoLibre, published 2024-05-03, period 2024-Q1 | ||
| cloud platform services paid 2 | 80 million | 12 |
| cloud platform services paid 1 | 461 million | 12 |
| cloud platform services commitment 2 | 200 million | 12 |
| Cloud platform services commitment 1 | 824 million | 12 |
| Unique active buyers | 53 | 12 |
| Total payment volume | 40,727 | 12 |
| Total payment transactions | 2,418 | 12 |
| Total non-current liabilities SPE | 812 million | 12 |
| Total non-current assets SPE | 60 million | 12 |
| Total liabilities SPE | 1,550 million | 12 |
| Total current liabilities SPE | 738 million | 12 |
| Total current assets SPE | 1,710 million | 12 |
| Total assets SPE | 1,770 million | 12 |
| Total LTRP | 68 million | 12 |
| Total LTRP | 47 million | 12 |
| Secured lines of credit non-current | 14 million | 12 |
| Secured lines of credit current | 48 million | 12 |
| Sales & marketing | 478 million | 12 |
| Sales & marketing | 383 million | 12 |
| Product & technology development | 458 million | 12 |
| Product & technology development | 381 million | 12 |
| Pacaembu naming rights agreement | 56 million | 12 |
| Other lines of credit non-current | 1 million | 12 |
| Other lines of credit current | 16 million | 12 |
| Other income/expenses | (47) million | 12 |
| Other income/expenses | (98) million | 12 |
| Other Countries Fintech Revenue | 56 million | 12 |
| Other Countries Fintech Revenue | 52 million | 12 |
| Other Countries Commerce Revenue | 120 million | 12 |
| Other Countries Commerce Revenue | 98 million | 12 |
| Operating lease two to three years | 143 million | 12 |
| Operating lease total payments | 1,122 million | 12 |
| Operating lease three to four years | 128 million | 12 |
| Operating lease thereafter | 368 million | 12 |
| Operating lease term years | 7 Years | 12 |
| Operating lease one year or less | 189 million | 12 |
| Operating lease one to two years | 175 million | 12 |
| operating lease liabilities | 816 million | 12 |
| Operating lease imputed interest | (306) million | 12 |
| Operating lease four to five years | 119 million | 12 |
| Operating lease discount rate | 9% | 12 |
| Operating lease cost | 48 million | 12 |
| Operating lease cost | 42 million | 12 |
| Operating lease ROU assets | 872 million | 12 |
| Number of items sold | 385 | 12 |
| Non-current assets long-term investments | 23 million | 12 |
| Net revenues financial income | 4,333 million | 12 |
| Net revenues financial income | 3,186 million | 12 |
| NIMAL | 31.5% | 12 |
| Mexico Fintech Revenue | 358 million | 12 |
| Mexico Fintech Revenue | 212 million | 12 |
| Mexico Commerce Revenue | 613 million | 12 |
| Mexico Commerce Revenue | 398 million | 12 |
| Loans from banks non-current | 56 million | 12 |
| Loans from banks current | 556 million | 12 |
| ICMS exclusion total amount under dispute | 48 million | 12 |
| Gross merchandise volume | 11,365 | 12 |
| Gol logistics annual commitment | 43 million | 12 |
| Gol logistics 3-year agreements | 66 million | 12 |
| General & administrative | 186 million | 12 |
| General & administrative | 180 million | 12 |
| Fintech monthly active users | 49 | 12 |
| Financial bills non-current | 28 million | 12 |
| Finance lease two to three years | 39 million | 12 |
| Finance lease three to four years | 21 million | 12 |
| Finance lease term years | 3 Years | 12 |
| Finance lease property & equipment net | 130 million | 12 |
| Finance lease property & equipment cost | 190 million | 12 |
| Finance lease one year or less | 52 million | 12 |
| Finance lease one to two years | 47 million | 12 |
| Finance lease obligations current | 36 million | 12 |
| Finance lease liabilities non-current | 92 million | 12 |
| Finance lease interest | 4 million | 12 |
| Finance lease interest | 2 million | 12 |
| Finance lease imputed interest | (37) million | 12 |
| Finance lease four to five years | 6 million | 12 |
| Finance lease discount rate | 38% | 12 |
| Finance lease depreciation | 10 million | 12 |
| Finance lease depreciation | 5 million | 12 |
| Finance lease accumulated depreciation | (60) million | 12 |
| Direct contribution margin | 23.8% | 12 |
| Direct contribution | 1,030 | 12 |
| Depreciation and amortization | 154 | 12 |
| Deposit certificates current | 831 million | 12 |
| Current liabilities other liabilities | 1 million | 12 |
| Current assets restricted cash | 312 million | 12 |
| Cost of net revenues | 2,309 million | 12 |
| Cost of net revenues | 1,572 million | 12 |
| Commercial notes non-current | 206 million | 12 |
| Commercial notes current | 6 million | 12 |
| Collateralized debt non-current | 812 million | 12 |
| Collateralized debt current | 737 million | 12 |
| Capital expenditures | 148 | 12 |
| Brazil Fintech Revenue | 1,008 million | 12 |
| Brazil Fintech Revenue | 732 million | 12 |
| Brazil Commerce Revenue | 1,563 million | 12 |
| Brazil Commerce Revenue | 907 million | 12 |
| Bank overdrafts current | 10 million | 12 |
| BPP maximum potential exposure | 4,649 million | 12 |
| Argentina Fintech Revenue | 415 million | 12 |
| Argentina Fintech Revenue | 514 million | 12 |
| Argentina Commerce Revenue | 200 million | 12 |
| Argentina Commerce Revenue | 273 million | 12 |
| Acquiring total payments volume | 30,579 | 12 |
| 2031 Notes non-current | 626 million | 12 |
| 2031 Notes current | 4 million | 12 |
| 2026 Sustainability Notes non-current | 389 million | 12 |
| 2026 Sustainability Notes current | 2 million | 12 |
| MercadoLibre, published 2024-05-02, period 2024-Q1 | ||
| Unique active buyers | 53 | 11 |
| Total payment volume | 40,727 | 11 |
| Total payment transactions | 2,418 | 11 |
| Number of items sold | 385 | 11 |
| Net debt to adjusted EBITDA | 0.5x | 11 |
| NIMAL | 31.5% | 11 |
| Gross merchandise volume | 11,365 | 11 |
| Fintech monthly active users | 49 | 11 |
| Depreciation and amortization | 154 | 11 |
| Capital expenditures | 148 | 11 |
| Acquiring total payment volume | 30,579 | 11 |
| MercadoLibre, published 2024-02-23, period FY2023 | ||
| Total facilities | 2,898,257 | 10 |
| Off-balance-sheet unused credit cards commitment prior year | 271 | 10 |
| Off-balance-sheet unused credit cards commitment | 934 | 10 |
| Facilities other | 182,955 | 10 |
| Facilities Mexico | 924,660 | 10 |
| Facilities Brazil | 1,622,527 | 10 |
| Facilities Argentina | 168,115 | 10 |
| Unique Active Users | 218 | 10 |
| Total volume of payments on marketplace | 47,182 | 10 |
| Total payment volume | 182,821 | 10 |
| Total payment transactions | 9,470 | 10 |
| Total cash and equivalents in foreign currencies | 3,201 | 10 |
| Short-term investments | 3,480 | 10 |
| Number of items sold | 1,404 | 10 |
| NIMAL | 36.2% | 10 |
| Loans payable variable rates | 2,810 | 10 |
| LTRP Variable Award contractual obligation | 418 | 10 |
| Gross merchandise volume | 44,749 | 10 |
| Depreciation and amortization | 524 | 10 |
| Capital expenditures | 509 | 10 |
| MercadoLibre, published 2024-02-22, period 2023-Q4 | ||
| Unique active users (Q4) | 145 | 9 |
| Unique active users | 218 | 9 |
| Total volume of payments on marketplace (Q4) | 14,185 | 9 |
| Total volume of payments on marketplace (FY) | 47,182 | 9 |
| Total payment volume (Q4) | 56,514 | 9 |
| Total payment volume (FY) | 182,821 | 9 |
| Total payment transactions (Q4) | 2,955 | 9 |
| Total payment transactions (FY) | 9,470 | 9 |
| Total credit portfolio | 3.8 | 9 |
| Same or next day shipment rate (Q4) | 52% | 9 |
| Remunerated account users | 30 | 9 |
| Number of merchants taking credit | 1.5 | 9 |
| Number of items sold (Q4) | 413 | 9 |
| Number of items sold (FY) | 1,404 | 9 |
| Number of credit users | 20 | 9 |
| New advertisers to Ads platform (FY) | almost 50,000 | 9 |
| NIMAL (Q4) | 39.8% | 9 |
| NIMAL (FY) | 36.2% | 9 |
| Merchant credit portfolio | 761 | 9 |
| Gross merchandise volume (Q4) | 13,450 | 9 |
| Gross merchandise volume (FY) | 44,749 | 9 |
| Fulfillment penetration in Brazil (Q4) | almost 50% | 9 |
| Depreciation and amortization (Q4) | 135 | 9 |
| Depreciation and amortization (FY) | 524 | 9 |
| Capital expenditures (Q4) | 180 | 9 |
| Capital expenditures (FY) | 509 | 9 |
| Acquiring TPV (FY) | 116 | 9 |
| 15-90 day NPL | 8.2% | 9 |
| MercadoLibre, published 2023-11-02, period 2023-Q3 | ||
| Unique active users | 167 | 8 |
| Total payment volume | $126,307 | 8 |
| Total cash, cash equivalents, restricted cash and cash equivalents | 3,256 | 8 |
| Operating cash flow | 3,212 | 8 |
| Non-performing loans ratio | 30.8% | 8 |
| Net interest margins after losses | 35.1% | 8 |
| NIMAL | 35.1% | 8 |
| Gross merchandise volume | $31,299 | 8 |
| MercadoLibre, published 2023-11-01, period 2023-Q3 | ||
| Unique active users (three months) | 120 million | 7 |
| Unique active users (nine months) | 167 million | 7 |
| Total payment volume (three months) | 47,256 million | 7 |
| Total payment volume (nine months) | 126,307 million | 7 |
| Total Payment Volume growth (FX-neutral YoY) | 121.2% | 7 |
| Operating margin | 18.2% | 7 |
| Number of items sold (three months) | 357 million | 7 |
| Number of items sold (nine months) | 991 million | 7 |
| Net Revenue growth (FX-neutral YoY) | 69.1% | 7 |
| NIMAL (three months) | 37.4% | 7 |
| NIMAL (nine months) | 35.1% | 7 |
| Items sold growth (YoY) | 26% | 7 |
| Income from operations growth (YoY) | 131% | 7 |
| Gross merchandise volume (three months) | 11,360 million | 7 |
| Gross merchandise volume (nine months) | 31,299 million | 7 |
| GMV growth (FX-neutral YoY) | 59.3% | 7 |
| Fulfillment penetration | 48% | 7 |
| Credit card TPV growth (YoY) | almost 70% | 7 |
| Credit card TPV | $1bn | 7 |
| Capital expenditures (nine months) | 329 million | 7 |
| Adjusted EBITDA margin (three months) | 21.8% | 7 |
| MercadoLibre, published 2023-08-03, period 2023-Q2 | ||
| Valuation allowance deferred tax assets | 415 | 6 |
| Short-term investments | 2,839 | 6 |
| Restricted cash and cash equivalents | 1,964 | 6 |
| long term investments | 149 | 6 |
| legal contingencies reasonably possible loss | 458 | 6 |
| legal contingencies probable loss | 72 | 6 |
| cloud platform paid b | 27 | 6 |
| cloud platform paid a | 270 | 6 |
| cloud platform commitment total | 1,024 | 6 |
| cash and cash equivalents | 1,860 | 6 |
| Buyer protection program maximum exposure | 4,533 | 6 |
| air logistics annual cost | 43 | 6 |
| Unique active users | 135 | 6 |
| Total volume of payments on marketplace | 21,024 million | 6 |
| Total payment volume | 79,051 million | 6 |
| Total payment transactions | 4,007 | 6 |
| Total debt | 5,528 | 6 |
| Short-term investments | 1,440 | 6 |
| Number of items sold | 634 | 6 |
| Non-current Operating lease liabilities | 595 | 6 |
| Net Cash used in Investing activities | (1,206) | 6 |
| Net Cash used in Financing activities | (472) | 6 |
| Net Cash provided by Operating activities | 2,271 | 6 |
| Long-term investments | 68 | 6 |
| Gross merchandise volume | 19,939 million | 6 |
| Depreciation and amortization | 254 million | 6 |
| Current Operating lease liabilities | 166 | 6 |
| Cash and cash equivalents | 1,860 | 6 |
| Capital expenditures | 203 million | 6 |
| MercadoLibre, published 2023-08-02, period 2023-Q2 | ||
| Unique active users | 109 | 5 |
| Total volume of payments on marketplace | $11,074 | 5 |
| Total payment volume | $42,064 | 5 |
| Total payment transactions | 2,132 | 5 |
| Number of items sold | 325 | 5 |
| NIMAL | 36.8% | 5 |
| Gross merchandise volume | $10,506 | 5 |
| Depreciation and amortization | $128 | 5 |
| Capital expenditures | $114 | 5 |
| MercadoLibre, published 2023-05-04, period 2023-Q1 | ||
| weighted average common stock outstanding basic | 50,245,073 | 4 |
| Valuation allowance deferred tax assets | $407 million | 4 |
| supplier finance program obligations | $254 million | 4 |
| Unique active users | 101 | 4 |
| Total volume of payments on marketplace | $9,950 million | 4 |
| Total payment volume | $36,986 million | 4 |
| Total payment transactions | 1,875 | 4 |
| Total credits revenues | 536 | 4 |
| Number of successful items sold | 309 | 4 |
| IMAL prior year | 24.7% | 4 |
| IMAL | 38.8% | 4 |
| Gross merchandise volume | $9,434 million | 4 |
| Fintech services gain from financing and financial asset sales | 336 | 4 |
| Depreciation and amortization | $126 million | 4 |
| Capital expenditures | $89 million | 4 |
| Blue Chip Swap Rate spread | 94.5% | 4 |
| MercadoLibre, published 2023-05-03, period 2023-Q1 | ||
| Unique Active Users | 101 million | 3 |
| Total Payment Volume | $36,986 million | 3 |
| Total Payment Transactions | 1,875 million | 3 |
| Number of Successful Items Sold | 309 million | 3 |
| Non-performing Loan Ratio | 9.5% | 3 |
| Mercado Pago Credit Portfolio | $3 billion | 3 |
| Interest Margin After Losses (IMAL) | 38.8% | 3 |
| Gross Merchandise Volume | $9,434 million | 3 |
Advertisement
MercadoLibre Development
A condensed summary of MercadoLibre per reporting period as running text: what changed operationally, which drivers management names, how earnings and cash flow developed. NadirAlpha methodology
FY2026: MercadoLibre
MercadoLibre reported net revenues and financial income of USD 8,845 million in Q1 2026 and USD 10,169 million in Q2 2026, with each quarter described as representing the fastest revenue growth pace in approximately four years 27 29. Operating income was USD 611 million in Q1 and USD 683 million in Q2, both lower year-on-year as the company increased investments in logistics, credit originations, and technology 27 29. Net income reached USD 417 million in Q1 and USD 466 million in Q2, with year-on-year declines driven by a higher provision for doubtful accounts following rapid credit card portfolio expansion 28 30. Gross merchandise volume, total payment volume, and fintech monthly active users all grew substantially across both quarters, with the credit portfolio surpassing $16 billion and fintech monthly active users reaching 88 million by end of Q2 29.
FY2025: MercadoLibre
Net revenues and financial income grew 39.1% to USD 28,893 million in fiscal year 2025, driven by 61% growth in credit originations, increased payment volume, and broader fintech expansion 26. Commerce revenues increased 34.0% and Fintech revenues grew 46.2%, reflecting strength across both main business segments throughout the year 26. Net income reached USD 1,997 million, a 4.5% increase year-over-year, as a higher effective tax rate and a 66.4% rise in provisions for doubtful accounts partially offset strong operating gains 26. Gross profit margin declined from 46.1% in 2024 to 44.5% in 2025 and operating income margin fell from 12.7% to 11.1%, primarily due to the reduction of the free shipping threshold in Brazil and accelerated credit card issuance 26. Operating cash flow grew 53.0% to USD 12,116 million, and the total loans receivable portfolio expanded to $12,508 million at year-end from $6,573 million at the start of the year 26.
FY2024: MercadoLibre
MercadoLibre reported full-year 2024 net revenues and financial income of 20,777 million, up 37.5% year-over-year, driven by higher gross merchandise volume, shipping services expansion, and lending solution growth 18. Net income reached 1,911 million, up 93.5% year-over-year, supported by an effective tax rate that decreased to 21.4% from 36.6% primarily due to the absence of foreign exchange losses on Argentine share repurchases and lower taxable foreign exchange gains in Argentina 18. Operating income reached 2,631 million, while the provision for doubtful accounts rose 77.0% to $1,858 million, reflecting 75% growth in lending originations 18. MercadoLibre surpassed 100 million annual unique buyers and 60 million Fintech monthly active users for the first time in 2024, while full-year gross merchandise volume exceeded $50 billion 17. Fitch upgraded Mercado Libre to investment grade BBB- in October 2024, and S&P revised its credit rating outlook to Positive in June 2024 15 13.
FY2023: MercadoLibre
MercadoLibre delivered full-year net revenues of USD 15,107 million in FY2023, up 37.4% from $10,537 million in the prior year, with all geographic segments contributing and Mexico achieving the highest segment growth rate at 60.1% 10. Net income reached USD 987 million, up 104.8% year-over-year, as the full-year operating margin increased to 12.6% from 9.8% in 2022 10. Gross Merchandise Volume grew 29.9% to $44,749 million and Total Payment Volume increased 47.9% to $182,821 million, with unique active users rising from 148 million in 2022 to 218 million at year-end 2023 10. Cash provided by operating activities grew 74.8% to USD 5,140 million 10, while a Q4 one-off tax charge of $351 million for prior-period Brazilian withholding tax disputes reduced fourth-quarter operating income to USD 335 million and net income to USD 165 million 9.
Advertisement
Glossary
- Revenue: Revenue from contracts with customers, net of sales deductions, as the company itself reports it; not total output, gross revenue, GMV or order intake.
- Op. income: The operating line of the income statement; EBIT only as a marked fallback, never pre-tax or ordinary income.
- EBITDA (adj.): Adjusted EBITDA, verbatim and company-defined (non-GAAP), never derived.
- Net income: Net income attributable to the shareholders of the parent, after discontinued operations; not the result including minority interests, not comprehensive income.
- EPS: Diluted earnings per share attributable to the shareholders of the parent; a printed figure always beats a calculated one, calculated values are marked.
- FCF: Free cash flow = operating cash flow minus capital expenditure on property, plant and equipment; the company's own free cash flow figure is shown separately.
- OCF: Cash flow from operating activities as reported; IFRS companies may show interest paid in financing cash flow, so the figure is not always comparable.
- Cash: Cash and cash equivalents, without securities unless the company reports them as part of the position.
- Net Debt: Net debt = financial debt excluding lease liabilities minus cash at the same reporting date; the company's own net position may differ.
- *: derived, the formula is in the hover
- ≈: calculated, approximation
- ~: uncertain; the value stays visible, verdicts do not use it
- °: repaired by a targeted query against the document, or curated with documentary evidence
- EBIT: EBIT as a fallback: the income statement carries no operating line
- basic: basic earnings per share as a fallback when diluted is missing
Advertisement
Sources: quarterly reports, annual reports and investor relations documents
46 sources on MercadoLibre since 2023; the superscript numbers in the chapters refer to these rows, older documents are in the expandable part. NadirAlpha methodology
46 documents · 2016 to 2026 · SEC EDGAR (USA)
Older sources (+16)
| # | Document type | Published |
|---|---|---|
| #201 | 10-Q quarterly report | 2016-05-06 |
| #202 | 10-Q quarterly report | 2016-08-05 |
| #203 | 10-Q quarterly report | 2016-11-04 |
| #204 | 10-K annual report | 2017-02-24 |
| #205 | 10-Q quarterly report | 2017-02-24 |
| #208 | 10-K annual report | 2017-02-24 |
| #206 | 10-Q quarterly report | 2017-08-04 |
| #207 | 10-Q quarterly report | 2017-11-03 |
| #211 | 10-K/A annual report, amended | 2018-02-23 |
| #209 | 10-Q quarterly report | 2018-05-10 |
| #210 | 10-Q quarterly report | 2019-08-08 |
| #215 | 10-K annual report | 2019-08-08 |
| #212 | 10-K annual report | 2020-02-14 |
| #213 | 10-Q quarterly report | 2020-08-10 |
| #216 | 10-Q quarterly report | 2021-08-05 |
| #214 | 10-Q quarterly report | 2021-11-05 |
MercadoLibre Stock FAQ
Which additional key figures does MercadoLibre report?
As reported for Q2 2026: Total payment volume, Gross merchandise volume, Total payment transactions, NIMAL, Unique active buyers, Number of items sold. The chapter Reported KPIs lists every value with its source. Revenue is broken down by Commerce, Fintech, Total, Consolidated - Commerce.
Where can I find the official investor relations documents of MercadoLibre?
NadirAlpha links all 46 original filings used (SEC filings) in the sources chapter: quarterly report, earnings release, annual report, each with type, publication date and a direct link; every figure in the report carries a source number.
More reports by NadirAlpha
Recently updated
Comparable stocks by NadirAlpha
Advertisement