MercadoLibre reported first quarter 2026 revenue of $8.85 billion, a 49% year-over-year increase that beat analyst estimates, driven by accelerating growth in Brazil. However, net income declined 16% to $417 million, or $8.23 per share, missing expectations as the company ramped up investments.
Key Highlights
- Net revenue and financial income grew 49% year-over-year to $8.85 billion, marking the fastest growth rate in nearly four years.
- Operating margin compressed by 600 basis points to 6.9% as the company prioritized investments in logistics and fintech, causing income from operations to fall 20% year-over-year to $611 million.
- The credit portfolio expanded 87% year-over-year to $14.6 billion, significantly outpacing growth in consolidated revenue and reflecting a key investment area.