Quarterly ResultAug 6, 2026, 06:09 AM
MercadoLibre Q2 Revenue +49.8% to $10.17B; Net Income Down 10.9%
AI Summary
MercadoLibre reported strong top-line growth for the second quarter and first half of 2026, with net revenues and financial income increasing by nearly 50% year-over-year. However, net income and basic EPS declined by approximately 11% for the quarter, primarily due to a significant 84.9% increase in the provision for doubtful accounts. The company's total assets and loans receivable also saw substantial growth, indicating continued expansion in its fintech ecosystem, alongside a notable rise in off-balance sheet loan commitments.
Key Highlights
- Q2 Net revenues and financial income reached $10.17 billion, a 49.8% increase year-over-year.
- Q2 Net income was $466 million, a decrease of 10.9% compared to the prior year.
- Q2 Basic earnings per share (EPS) stood at $9.19, down 10.9% year-over-year.
- Net cash provided by operating activities for six months was $5.74 billion, up 45.3% year-over-year.
- Total assets grew to $51.36 billion as of June 30, 2026, a 20.3% increase from December 31, 2025.
- Loans receivable, net, increased to $12.00 billion, up 28.1% from December 31, 2025.
- Q2 Provision for doubtful accounts surged to $1.28 billion, an 84.9% increase year-over-year.
- Off-balance sheet unused agreed loan commitments rose to $14.05 billion, up 56.1% from December 31, 2025.
Price Impact
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