Earnings summaries and quarterly performance for MERCADOLIBRE.
Executive leadership at MERCADOLIBRE.
Marcos Galperin
Detailed
President and Chief Executive Officer
CEO
AS
Ariel Szarfsztejn
Detailed
Commerce President
DR
Daniel Rabinovich
Detailed
Executive Vice President and Chief Operating Officer
JM
Juan Martín de la Serna
Detailed
Executive Vice President - Corporate Affairs
MM
Marcelo Melamud
Detailed
Senior Vice President and Chief Accounting Officer
Md
Martín de los Santos
Detailed
Executive Vice President and Chief Financial Officer
OG
Osvaldo Giménez
Detailed
Fintech President
Board of directors at MERCADOLIBRE.
Research analysts who have asked questions during MERCADOLIBRE earnings calls.
Andrew Ruben
Morgan Stanley
8 questions for MELI
Also covers: ASAIY, CBDBY, DESP +1 more
Irma Sgarz
Goldman Sachs
8 questions for MELI
Also covers: ASAI, ASAIY, TBBB
MS
Marcelo Santos
JPMorgan Chase & Co.
8 questions for MELI
Also covers: AFYA, AMX, LAUR +9 more
Josh Beck
Raymond James
7 questions for MELI
Also covers: ACVA, CART, DASH +6 more
Geoffrey Elliott
Autonomous
6 questions for MELI
Also covers: NU
Marvin Fong
BTIG, LLC
6 questions for MELI
Also covers: ATER, CARG, CARS +10 more
Neha Agarwala
HSBC
6 questions for MELI
Also covers: BCH, BSAC, DLO +5 more
RF
Robert Ford
Bank of America Merrill Lynch
6 questions for MELI
Also covers: ASAI, FMX, HYPMY +1 more
Craig Maurer
FT Partners
5 questions for MELI
Also covers: AVDX, AXP, MA +4 more
Deepak Mathivanan
Cantor Fitzgerald
5 questions for MELI
Also covers: ABNB, CART, DASH +9 more
Jamie Friedman
Susquehanna International Group
5 questions for MELI
Also covers: ACN, AFRM, CTSH +8 more
JS
Joao Soares
Citigroup Inc.
5 questions for MELI
Also covers: ASAIY
KP
Kaio Prato
UBS Group AG
4 questions for MELI
Also covers: BMA
João Pedro Soares
Citigroup Inc.
3 questions for MELI
Also covers: ASAI, ASAIY, CBDBY +1 more
TY
Trevor Young
Barclays
3 questions for MELI
Also covers: ABNB, ALV, BKNG +14 more
BF
Bob Ford
Bank of America
2 questions for MELI
Also covers: ARCO
DE
Dannie Eiger
XP
2 questions for MELI
JF
James Friedman
Susquehanna Financial Group, LLLP
2 questions for MELI
Also covers: AFRM, AVDX, BETR +19 more
NA
Neha Argawal
HSBC
2 questions for MELI
Also covers: XP
PA
Pedro Arnt
Axxo
2 questions for MELI
RG
Rodrigo Gastim
Itaú BBA
2 questions for MELI
Also covers: ASAIY
VP
Vinicius Pretto
Itaú BBA
2 questions for MELI
CP
Caio Prado
UBS
1 question for MELI
CP
Carl Prado
UBS
1 question for MELI
CM
Craig Moore
FT Partners
1 question for MELI
DE
Danny Elgar
XP Inc.
1 question for MELI
JE
Jeffrey Elliott
Autonomous
1 question for MELI
KP
Kaio Penso Da Prato
UBS
1 question for MELI
Also covers: PAGS, STNE
ZG
Zachary Gunn
Financial Technology Partners
1 question for MELI
Also covers: ADP, AFRM, EEFT +6 more
Recent press releases and 8-K filings for MELI.
Mercado Libre Reports Strong Q4 and Full Year 2025 Financial Results
MELI
Earnings
Revenue Acceleration/Inflection
CEO Change
- Mercado Libre reported Q4 2025 net revenue and financial income of $8.8 billion, a 45% year-over-year increase, contributing to full-year 2025 net revenue of $28.9 billion, up 39% year-over-year.
- The Commerce business achieved $5.0 billion in net revenue (up 40% YoY) and $19.9 billion in Gross Merchandise Value (GMV) (up 37% YoY) in Q4 2025, while the Fintech business generated $3.8 billion in net revenue (up 51% YoY) with its credit portfolio growing 90% YoY to $12.5 billion.
- Strategic investments led to record market share in Commerce and all-time high Net Promoter Scores (NPS) in both Commerce and Fintech across core markets, with monthly active users in Fintech reaching nearly 78 million.
- The company also completed its CEO transition, with Ariel Szarfsztejn officially stepping into the role on January 1.
3 days ago
MercadoLibre Reports Strong Q4 2025 Revenue Growth and Significant Fintech Expansion
MELI
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- MercadoLibre reported Q4 2025 net revenues growth of 45% year-over-year, contributing to an impressive 39% full-year revenue growth and marking the 28th consecutive quarter of growth above 30%.
- The company experienced robust growth across its ecosystem, with GMV increasing 35% year-over-year in Brazil and Mexico, and the advertising business growing 67%.
- Fintech services achieved significant milestones, with the credit portfolio nearly doubling year-over-year to $12.5 billion, almost 3 million new credit cards issued in Q4 alone, and Assets Under Management growing 78% year-over-year to close to $19 billion.
- Strategic investments in areas such as free shipping, credit card expansion, and 1P (first-party sales) led to a 5 to 6 percentage point margin compression, but are driving record market share gains and improved user experience.
3 days ago
MercadoLibre Reports Strong Q4 and Full-Year 2025 Growth Driven by Commerce and Fintech
MELI
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- MercadoLibre reported Q4 2025 net revenues growth of 45% year-over-year and full-year 2025 revenue growth of 39%, driven by robust performance in both commerce and fintech segments.
- The commerce business experienced significant growth, with GMV increasing 35% year-over-year in Brazil and Mexico and sold items growing 45% in Brazil.
- Fintech services achieved substantial milestones, including a credit portfolio that nearly doubled year-over-year to $12.5 billion and Assets Under Management close to $19 billion, growing 78% year-over-year.
- Strategic investments in areas such as AI, free shipping thresholds, and credit card expansion contributed to market share gains and enhanced user experience, leading to margin compression for the full year.
- Mercado Pago issued almost 3 million new credit cards in Q4 2025 and achieved the leading Net Promoter Score in Brazil, Mexico, Argentina, and Chile.
3 days ago
MercadoLibre Reports Strong Q4 2025 Financial and Operational Results
MELI
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- MercadoLibre (MELI) reported Net Revenues of US$8.8 billion for Q4 2025, marking a 45% increase year-over-year (47% on an FX-Neutral basis).
- Income from Operations reached US$889 million (10.1% margin) and Net Income was US$559 million (6.4% margin) in Q4 2025.
- Key operational metrics showed significant growth, with Gross Merchandise Volume (GMV) increasing 37% year-over-year to US$19.9 billion and Total Payment Volume (TPV) growing 42% year-over-year to US$83.7 billion.
- The credit portfolio expanded by 90% year-over-year to US$12.5 billion, and Fintech Monthly Active Users reached 77.9 million, a 27% increase year-over-year.
3 days ago
MercadoLibre Achieves Robust Growth in Q4 2025 Driven by Commerce and Fintech
MELI
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- MercadoLibre reported strong financial performance for Q4 2025, with net revenues growing 45% year-over-year, marking the 28th consecutive quarter of growth above 30%. Full-year revenue growth was 39%, and income from operations grew 22% for the full year.
- The commerce business experienced significant acceleration, with Gross Merchandise Volume (GMV) growing 35% year-over-year in both Brazil and Mexico, and sold items increasing 45% in Brazil, largely due to strategic investments like lowering the free shipping threshold.
- Fintech services reached a historic milestone, with the credit portfolio nearly doubling year-over-year to $12.5 billion and Assets Under Management (AUM) growing 78% year-over-year to almost $19 billion. Monthly active users grew close to 30% for 10 consecutive quarters.
- Investments in artificial intelligence (AI) are accelerating revenue, particularly in advertising, which grew 67%, and in acquiring Total Payment Volume (TPV), which grew 25% in Brazil and 50% in Mexico.
- The company achieved record market share gains in commerce in Brazil and Mexico, and in Fintech's acquiring business in 2025, alongside record Net Promoter Scores (NPS) in commerce and Fintech across Brazil, Mexico, and Argentina.
3 days ago
MercadoLibre Reports Strong Q4 Revenue Amidst Margin Compression
MELI
Earnings
New Projects/Investments
Revenue Acceleration/Inflection
- MercadoLibre reported Q4 revenue of $8.76 billion, marking a 44.6% year-over-year increase, and full-year revenue of $28.89 billion, both topping estimates.
- Q4 net income fell 12.5% to $559 million, and GAAP EPS was $11.03, missing consensus, as management deliberately compressed margins to fund investments in logistics, credit, free shipping, and cross-border trade.
- The Mercado Pago credit portfolio nearly doubled to $12.5 billion, with non-performing loans at a historic low of 4.4%.
- JPMorgan upgraded MercadoLibre to Overweight with a $2,800 price target, although analysts continue to flag recurring EPS misses and a 15% annual decline in unique active buyers to 83 million.
3 days ago
MercadoLibre Reports Strong Q4 and Full-Year 2025 Results, Announces CEO Transition
MELI
Earnings
Revenue Acceleration/Inflection
Management Change
- MercadoLibre reported net revenues & financial income of $8,759 million for Q4 2025, an increase of 45% year-over-year, with net income of $559 million and basic earnings per share of $11.03.
- Operational metrics showed significant growth in Q4 2025, with Total Payment Volume (TPV) reaching $83.7 billion, up 42.1% year-over-year, and Gross Merchandise Volume (GMV) at $19.9 billion, up 36.8% year-over-year.
- The Fintech segment demonstrated robust expansion, with the total credit portfolio growing 90% year-over-year to $12.5 billion and Assets Under Management (AUM) increasing 78% year-over-year to almost $19 billion in Q4 2025.
- Ariel Szarfsztejn assumed the role of Chief Executive Officer on January 1, 2026, as part of a planned CEO transition, with founder Marcos Galperin becoming Executive Chairman.
- Strategic investments, including the lower free shipping threshold in Brazil and the credit card, impacted the operating margin by 5-6 percentage points in Q4 2025.
3 days ago
Mercado Libre: Latin America Loyalty Market Expected to Reach $8.7 Billion by 2030
MELI
New Projects/Investments
Revenue Acceleration/Inflection
Demand Weakening
- The Latin America loyalty market is projected to grow from US$4.5 billion in 2025 to US$8.7 billion by 2030, with an expected Compound Annual Growth Rate (CAGR) of 13.4% from 2026 to 2030.
- Loyalty is increasingly becoming embedded ecosystem infrastructure within retail, payments, and digital services, moving away from standalone programs. Mercado Libre is highlighted as a pace-setter, integrating membership/benefits (MELI+) into its broader commerce and fintech stack.
- Competition is intensifying, with consolidation anticipated around ecosystem "control points" such as marketplaces and wallets. Winning strategies will depend on assembling defensible bundles of benefits across categories through partnerships.
- Loyalty programs are shifting towards immediate, utility-led rewards like cashback and instant discounts, driven by persistent inflation sensitivity in Latin American consumer markets.
- Payments and financial services are emerging as primary loyalty distribution channels, with loyalty ownership increasingly shifting to payment and wallet operators rather than solely retailers.
Feb 10, 2026, 12:12 PM
Mercado Livre: Brazil B2C E-commerce Market Forecasts and Competitive Landscape
MELI
New Projects/Investments
Revenue Acceleration/Inflection
- The Brazil B2C e-commerce market is projected to grow by 9.9% annually, reaching US$64.09 billion by 2025, and is expected to expand to US$89.18 billion by 2029 with an 8.6% Compound Annual Growth Rate (CAGR) from 2025.
- Mercado Livre remains the largest marketplace in Brazil, supported by its Mercado Pago and Mercado Envios services, operating within a market that is consolidating around multi-service ecosystems.
- Competition is intensifying from cross-border platforms, leading Mercado Livre to continue its logistics investments and lower its free shipping threshold to R$19 in mid-2025 to maintain market share, which may pressure margins but supports Gross Merchandise Volume (GMV) and buyer growth.
- The market is experiencing a significant shift towards Pix-led real-time payments, which e-commerce players like Mercado Livre are incentivized to promote to reduce transaction costs and expand reach to consumers.
Jan 29, 2026, 1:58 PM
Mercado Libre discusses Mercado Pago's digital banking ambitions
MELI
New Projects/Investments
Product Launch
- Mercado Libre's (MELI) Senior VP of Fintech Services, Andy Anavi, detailed Mercado Pago's strategic evolution from a payments wallet to a fully-fledged digital bank.
- Mercado Pago aims to become the largest digital bank in Latin America, focusing on "principality" to be the primary financial relationship for its 72 million active users.
- The company plans to leverage Generative AI for improved underwriting and personalized financial advisory, expecting stronger signals from data through Large Language Models (LLMs).
Jan 28, 2026, 5:21 PM
Quarterly earnings call transcripts for MERCADOLIBRE.
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