Quarterly ResultMay 7, 2026, 04:08 PM
MercadoLibre Q1 Revenue $8.85B (+49%), Net Income $417M (-16%)
AI Summary
MercadoLibre, Inc. reported strong Q1 2026 financial results, with net revenues and financial income increasing 49% year-over-year to $8.85 billion. Despite this robust top-line growth, net income declined 16% to $417 million, and income from operations fell 20% to $611 million, reflecting a deliberate strategy to prioritize long-term growth investments. The company is investing boldly in areas like free shipping, credit card expansion, first-party selection, cross-border trade, and fulfillment to capitalize on significant opportunities in Latin America's digital economy.
Key Highlights
- Net revenues & financial income reached $8,845 million, up 49% YoY (46% FX-neutral).
- Net income was $417 million, a 16% YoY decrease, with a 4.7% margin.
- Income from operations declined 20% YoY to $611 million, with a 6.9% margin.
- Total Payment Volume (TPV) grew 50% YoY (55% FX-neutral) to $87.2 billion.
- Gross Merchandise Volume (GMV) increased 42% YoY (36% FX-neutral) to $19.0 billion.
- Fintech monthly active users (MAU) reached 83 million, a 29% YoY increase.
- Credit portfolio grew 87% YoY to $14.6 billion, with credit cards making up 46%.
- Brazil GMV growth accelerated to 38% YoY FX-neutral, with items sold up 56% YoY.