MercadoLibre
Runs a Latin American online marketplace paired with integrated payments, credit and logistics platforms.
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Profile
Runs a hybrid marketplace across Latin America where outside sellers handle most sales, paired with a payments and lending arm that processes off-platform transactions, extends merchant and consumer credit, and increasingly rivals the marketplace itself as a revenue source.
Started in 1999 as a Latin American answer to eBay's auction model, the business now runs a hybrid marketplace where outside sellers generate most volume alongside direct retail sales and cross-border listings from China and the United States.
A payments and lending arm processes transactions for outside merchants, extends merchant and consumer credit, and sells point-of-sale hardware, with loan interest alongside commissions and advertising as a core revenue source.
A self-built logistics network of fulfillment centers, cross-docking hubs and a dedicated air fleet replaces outside carriers across an 18-country footprint concentrated in Brazil, Mexico and Argentina, alongside a separate classifieds unit for vehicles, real estate and services.
Results carry recurring foreign-exchange losses tied to Argentine peso devaluations only partly offset by hedges, and a recent leadership transition passed day-to-day management to a long-tenured internal executive rather than the founding family.
Company facts
Key statistics
Year to date −0.3% · Average volume (30d) 434.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 7, 2026 | Cantor Fitzgerald | Reiterate | Overweight | $2,350 | $2,300 | |
| May 13, 2026 | Goldman Sachs | Target | $1,650 | $2,100 | ||
| May 13, 2026 | UBS | Reiterate | Neutral | $2,050 | $1,750 | |
| May 13, 2026 | Citigroup | Downgrade | Buy | Neutral | ||
| May 11, 2026 | Morgan Stanley | Reiterate | Overweight | $2,600 | $2,450 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $8.65 | $9.19 | +6.2% | $9.79B | $10.20B | +4.1% | −4.81% |
| May 7, 2026Q1 FY26 | $8.75 | $8.23 | −5.9% | $8.29B | $8.85B | +6.7% | −12.70% |
| Feb 24, 2026Q4 FY25 | $11.45 | $11.03 | −3.7% | $8.45B | $8.76B | +3.7% | −8.05% |
| Oct 29, 2025Q3 FY25 | $9.12 | $8.32 | −8.8% | $7.22B | $7.41B | +2.7% | +2.82% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $5.94B | $6.79B | $7.41B | $8.76B | $8.85B | $10.17B | |
| Gross profit | $2.77B | $3.09B | $3.21B | $3.78B | $3.86B | $4.16B | |
| Operating income | $763.0M | $825.0M | $724.0M | $889.0M | $611.0M | $683.0M | |
| Net income | $494.0M | $523.0M | $421.0M | $559.0M | $417.0M | $466.0M | |
| Diluted EPS | $9.74 | $10.32 | $8.30 | $11.03 | $8.23 | $9.19 | |
| Gross margin | 46.7% | 45.6% | 43.3% | 43.2% | 43.7% | 40.9% | |
| Operating margin | 12.9% | 12.2% | 9.8% | 10.1% | 6.9% | 6.7% |
Fiscal years (4-quarter sums)FY21 $7.07B · FY22 $10.54B · FY23 $14.96B · FY24 $20.78B · FY25 $28.89B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $5.73B · Total debt $13.18B · Total assets $51.36B · Shareholders' equity $7.83B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 50.70M · Float 47.01M · 92.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Galperin Trust /SD | 3.40M | 6.70% | 13D | Jun 18, 2026 |
| Capital Research Global Investors | 3.14M | 6.19% | 13F | Aug 12, 2026 |
| Baillie Gifford & Co | 3.04M | 6.00% | 13F | Aug 6, 2026 |
| Capital International Investors | 1.87M | 3.70% | 13F | Aug 12, 2026 |
| Capital World Investors | 1.77M | 3.50% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 11, 2026 | Marcelo Melamud | officer: SVP - Chief Accounting Officer | +125 | $1,604.62 |
| May 22, 2026 | Alejandro Nicolas Aguzin | director | +600 | $1,655.93 |
| Feb 27, 2026 | Marcelo Melamud | officer: SVP - Chief Accounting Officer | +57 | $1,755.77 |
| Dec 12, 2025 | Henrique Vasoncelos Dubugras | director | −845 | $2,028.14 |
| Dec 11, 2025 | Emiliano Calemzuk | director | −45 | $2,027.37 |
Peers
- Sea (ADR)
Most aggressive rival across both marketplace and fintech in Brazil
- Nu
Digital bank locked in a wallet-and-credit turf war with Mercado Pago
- Amazon
Global e-commerce leader expanding FBA fulfillment across Brazil and Mexico
- PDD (ADR)
Fast-growing cross-border rival flooding the region with ultra-low-cost goods
- Alibaba Group (ADR)
Established cross-border marketplace, dominant in smaller Southern Cone markets
- StoneCo
Independent Brazilian acquirer competing head-to-head in merchant payments
- PagSeguro Digital
Brazilian merchant-acquirer and digital bank contesting SME payments share
- dLocal
Cross-border payment infrastructure overlapping with merchant processing
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| MercadoLibre | $1,962.01 | −0.29% | $99.68B | 53.5 | 45.6 | 2.8 | +50.2% |
| Sea (ADR) | $119.84 | +0.46% | $71.66B | 46.1 | 27.8 | 2.6 | +46.9% |
| Nu | $14.32 | +0.21% | $69.26B | 19.3 | 14.4 | 3.6 | +66.0% |
| Amazon | $266.10 | −0.11% | $2.87T | 21.4 | 28.5 | 3.7 | +19.6% |
| PDD (ADR) | $85.92 | +0.20% | $121.97B | 9.1 | 10.1 | 1.8 | +14.0% |
| Alibaba Group (ADR) | $118.57 | −0.26% | $284.99B | 27.1 | 18.1 | 1.8 | +14.8% |
| StoneCo | $9.70 | 0.00% | $2.36B | 3.9 | 5.7 | 0.9 | +14.3% |
| PagSeguro Digital | $8.92 | +0.22% | $2.57B | 6.2 | 6.4 | 0.7 | +8.8% |
| dLocal | $15.00 | −0.20% | $4.41B | 22.1 | 15.4 | 3.3 | +55.8% |
| Median | 20.4 | 14.9 | 2.2 | +17.2% |