MercadoLibre Inc【MELI】株式ニュース

Mercado Libre Kicks Off 2026 with Fastest Revenue Growth in Almost Four Years as Strategic Investments Drive Market Share GainsMay 7, 2026 5:32 PM
Business Wire Commerce: Results demonstrate the transformative impact of the lower free shipping threshold in Brazil, with unique buyer growth accelerating to 32% YoY - the fastest pace in five years - GMV growth accelerating to 38% YoY (FX-neutral) and sold items growth surging to 56% YoY - more than twice the pace of growth prior to the change Fintech: Reach is broadening as monthly active users hit 83 million, up 29% YoY; and engagement is deepening with credit portfolio increasing 87% YoY to $14.6 billion, the largest ever quarterly increase in nominal terms and assets under management growing 77% YoY to nearly $20 billion Advertising: Revenue grew 73% YoY in USD, making Mercado Ads the fastest growing player in the region AI: The company completed a major transformation of its search engine across Latin America, rebuilding the entire architecture around large language models Mercado Libre (NASDAQ: MELI): NET REVENUE $8.8 BILLION ?49% YoY Growth INCOME FROM OPERATIONS $611 MILLION 6.9% Margin NET INCOME $417 MILLION 4.7% Margin ?Q1 2026 Mercado Libre (NASDAQ: MELI), Latin America's leading e-commerce and fintech platform, today announced first quarter 2026 financial results, with net revenue and financial income growing 49% YoY to $8.8 billion - the fastest pace of growth since the second quarter of 2022. Income from operations reached $611 million, with a 6.9% margin, and net income of $417 million with a 4.7% margin. Strategic investments in free shipping, the Mercado Pago credit card, first-party selection, and cross-border trade are driving exceptional growth and strengthening competitive positioning across the region. The lower free shipping threshold in Brazil, one of our most important strategic decisions of 2025, continued to deliver results at a pace that exceeded the company’s own expectations. Unique buyer growth in Brazil accelerated 32% YoY, the fastest pace in five years. GMV growth accelerated to 38% YoY on an FX-neutral basis in Q1’26, with sold items rising 56% YoY, up from 26% in Q2'25, the quarter in which Mercado Libre lowered the free shipping threshold. Conversion, frequency, retention, and NPS all reached record highs, engagement is deepening as daily active users grow faster than monthly active users, and new buyer cohorts are purchasing more items across a broader range of categories with higher retention than older cohorts. Unit shipping costs in Brazil fell 17% YoY in local currency, accelerating from an 11% reduction in Q4'25, as Mercado Libre's technology enabled its logistics network to absorb significant volume growth efficiently. Across the rest of the region, Mexico delivered FX-neutral GMV growth of 28% YoY with sold items up 34%, while Argentina delivered 41% FX-neutral GMV growth and 35% growth in sold items. Chile maintained strong momentum with FX-neutral GMV growth of 40% YoY, supported by record levels of free shipping penetration and same- and next-day delivery. Mercado Libre's fulfillment network continues to be a key competitive advantage as the fastest network in the region, delivering 76% of fast shipments within 48 hours. In Advertising, Mercado Libre has been the fastest growing player in the region - 4x the market in 2025 - and this strong momentum continued in Q1'26 with ads revenue growth of 73% YoY in US dollars. Ongoing investments in AI-powered setup, targeting, and measurement tools are driving more sellers to activate advertising products and increasing advertising spend per seller. Mercado Pago reached 83 million monthly active users, up 29% YoY, with growth accelerating in both Brazil and Mexico. Assets under management grew 77% YoY to nearly $20 billion - more than twice the pace of MAU growth - reflecting deeper engagement among existing users drawn to deposit returns that incumbent banks find difficult to match. The credit portfolio grew 87% YoY to $14.6 billion, with the largest-ever quarterly increase in nominal terms. The credit card portfolio rose 104% YoY to $6.6 billion, supported by the issuance of 2.7 million cards in the quarter. A significant proportion of cardholders were previously marketplace-only users and they have now become active fintech users, demonstrating the cross-sell flywheel at work across the ecosystem. The acquiring business delivered FX-neutral TPV growth of 41% YoY, with strong contributions from Brazil (26%), Mexico (46%), Argentina (55%) and Chile (69%). Growth reflected the effectiveness of the company’s go-to-market approach, enhanced by AI tools and the marketplace as an acquisition channel, alongside continued product enhancements, including the launch of Tap to Phone in Mexico during Q1’26. "Q1'26 was another exceptional quarter for Mercado Libre, extending the momentum we built through 2025. We are investing boldly to transform how hundreds of millions of Latin Americans shop, pay and access financial services - and these investments are deepening engagement and bringing new users onto the platform. The pace and breadth of growth strengthen our conviction that we are well positioned to capture the substantial long-term opportunity ahead of us in commerce and fintech," said Mercado Libre CFO Martín de los Santos. Highlights for Q1 2026 Financial Q1 2026: Net revenue and financial income of $8.8 billion, up 49% YoY in USD. Income from operations of $611 million, with a 6.9% margin. Net income of $417 million, with a 4.7% margin. Commerce Q1 2026: Net revenue from the commerce business in the first quarter reached $5 billion, growing 47% in USD YoY. Gross Merchandise Value (GMV), the total value of merchandise sold on the platform, reached $19.0 billion, growing 42% in USD. Items sold grew at the fastest pace in years across the region reaching 722 million, +47% YoY, supported by accelerating growth in Brazil following the lower free shipping threshold. Unique Active Buyers grew 26% surpassing 84 million. The addition of more than 17 million unique active buyers across our platform YOY marks the highest annual growth, notably driven by a significant and continuous quarterly acceleration in Brazil since lowering the free shipping threshold. In Brazil, items sold grew 56% YoY and FX-neutral GMV increased 38% YoY. Unit shipping costs in Brazil fell 17% YoY in local currency, accelerating from an 11% YoY reduction in Q4'25. In Mexico, items sold grew 34% and FX-neutral GMV grew 28% YoY. In Argentina, items sold grew 35% YoY and FX-neutral GMV grew 41% YoY. In Chile, FX-neutral GMV grew 40% YoY, supported by record levels of free shipping penetration and same- and next-day delivery. Mercado Libre's logistics network has expanded to over 50 fulfillment facilities, handling 55% of shipments as of Q1'26, allowing us to deliver 76% of fast shipments within 48 hours. Advertising revenue rose 73% YoY in USD and 63% YoY on an FX-neutral basis. Fintech Q1 2026: Net revenue from Mercado Pago in the first quarter reached $4.0 billion, growing 51% in USD YoY. Fintech monthly active users reached 83 million, up 29% YoY. Assets under management grew 77% YoY, reaching nearly $20 billion. Total number of transactions (TPN) reached an equivalent of 4.6 billion, a 39% growth. Credit portfolio grew 87% YoY to $14.6 billion - the largest ever quarterly increase in nominal terms. Credit card portfolio reached $6.6 billion, up 104% YoY. 2.7 million credit cards were issued in Q1'26. Acquiring total payment volume grew 41% YoY on an FX-neutral basis. Tap to Phone launched in Mexico in Q1'26, while continuing to grow at a triple-digit pace in Brazil. About Mercado Libre Founded in 1999, MercadoLibre, Inc (NASDAQ: MELI) is the leading company in e-commerce and financial technology in Latin America, with operations in 18 countries. It offers a complete ecosystem of solutions for individuals and businesses to buy, sell, advertise, obtain credit and insurance, collect, send money, save, and pay for goods and services both online and offline. Mercado Libre looks to facilitate access to commerce and financial services in Latin America, a market that offers great opportunities and high growth potential. It uses world-class technology to create intuitive solutions tailored to the local culture to transform the lives of millions of people in the region. More information at http://investor.mercadolibre.com/ View source version on businesswire.com: https://www.businesswire.com/news/home/20260507238255/en/ Mercado Libre mercado-libre@milltownpartners.com Original: Mercado Libre Kicks Off 2026 with Fastest Revenue Growth in Almost Four Years as Strategic Investments Drive Market Share Gains

Mercado Libre Caps Stellar 2025 Performance with 45% YoY Revenue Growth in Q4 as Strategic Investments Accelerate Market Share GainsFebruary 24, 2026 5:21 PM
Business Wire

Commerce: Brazil delivered exceptional performance, achieving 35% FX-neutral GMV growth and a 45% increase in items sold driven by investments that continue to strengthen the value proposition

Fintech: Monthly active users reached nearly 78 million, growing 27% YoY, and the credit portfolio grew 90% YoY

2025 milestone: In a year of strategic expansion, Mercado Libre solidified its leadership by achieving record market share in Commerce across core markets and reaching an all-time high in customer trust, evidenced by leading Net Promoter Scores (NPS) in both Commerce and Fintech

Mercado Libre (NASDAQ: MELI), Latin America's leading e-commerce and fintech platform, today announced fourth quarter and full year 2025 financial results. This quarter, Mercado Libre delivered net revenue and financial income of $8.8 billion, a 45% YoY increase. This caps a year of sustained momentum with full year revenue increasing 39% YoY and income from operations growing 22% YoY. Strategic investments are driving growth, strengthening our market positioning across the region while delivering record NPS in Commerce and Fintech in Brazil, Mexico, and Argentina.

Mercado Libre's Commerce business delivered outstanding results as investments in free shipping, fulfillment, user experience, and assortment accelerated performance across all major markets, with GMV reaching $19.9 billion, growing 37% in USD YoY in Q4 2025. Unique buyers in the quarter crossed the 80 million mark for the first time, with a record 16 million more users YoY joining the platform, showing how successful our investments are in bringing people online. Mercado Libre's fulfillment network continues to be a key competitive advantage as the fastest network in the region, delivering 75% of fast shipments within 48 hours. Unit shipping costs in fulfillment fell year-over-year in Brazil, Mexico, Chile, and Colombia as the growth in users and purchase frequency led to greater scale.

In Brazil, the lower free shipping threshold was central to items sold growing 45% YoY, and FX-neutral GMV increasing 35% YoY. New buyers purchased more items across a larger number of categories with higher retention than cohorts that joined prior to the lower free shipping launch. This confirms that the investments in free shipping offering are bringing new buyers and driving higher purchase frequency. This momentum culminated in a record-breaking Black Friday in Brazil, achieving the highest ever daily sales volume for Mercado Libre. Performance was equally robust across other key markets during Q4 in Mexico, FX-neutral GMV grew 35% YoY and items sold rose 45% YoY, while Argentina delivered growth of 42% YoY FX-neutral GMV and 36% YoY in items sold.

In 2025, Mercado Pago achieved leading NPS in Brazil, Mexico, Argentina and Chile confirming that its value proposition is resonating with users. This milestone shows major progress on Mercado Pago's ambition of building the region's largest digital bank. In Q4, monthly active users reached nearly 78 million, with assets under management (AUM) growing 78% YoY to nearly $19 billion and the credit portfolio rising 90% YoY to $12.5 billion. Notably, the credit card's 15-90 day NPL reached a historic low of 4.4%, reflecting a successful balance between growth and risk management. Data from repeated interactions across the marketplace and fintech platforms continues to enhance proprietary underwriting models, a structural advantage that enabled the issuance of almost 3 million credit cards in Q4'25 alone.

The application of Artificial Intelligence across the ecosystem is driving revenue and operational efficiency. Within the Commerce business, AI-powered bidding algorithms and automated campaign tools have generated more demand in Mercado Ads, resulting in 67% FX-neutral YoY growth in the advertising business this quarter. Simultaneously, AI tools in Acquiring have helped to identify high-value merchants, leading to higher TPV per merchant and shortened payback periods. In Fintech, the Mercado Pago AI Assistant was launched in October 2025, and handled more than 9 million conversations in Q4'25 with 87% of interactions handled without the need for human support.

“We ended 2025 with exceptional momentum, gaining market share across our key markets while driving tremendous growth in Commerce and Fintech. This performance is a direct reflection of the strength of the Mercado Libre ecosystem, where our investments in the customer experience are not only fueling adoption but have led to the major milestone of record Net Promoter Scores in Brazil, Mexico, and Argentina. This level of customer satisfaction serves as a powerful foundation for future growth. By maintaining a bold yet disciplined approach to investments, we are strengthening our competitive moats, maintaining our leadership in e-commerce and driving financial inclusion across the region,” said Mercado Libre CFO, Martin de los Santos.

This period also marks the completion of the CEO transition. Following the May 2025 announcement, former President of Commerce Ariel Szarfsztejn officially stepped into the role of CEO on January 1.

Highlights for Q4 2025

Financial Q4 2025:

Net revenue and financial income of $8.8 billion, up 45% YoY in USD.

Income from operations reached $889 million, with a 10.1% margin.

Net income of $559 million with a 6.4% margin.

Commerce Q4 2025:

Net revenue from the commerce business in the fourth quarter reached $5.0 billion, growing 40% in USD YoY, and 37% FXN YoY.

Gross Merchandise Value (GMV), the total value of merchandise sold on the platform, reached approximately $19.9 billion, growing 37% in USD.

Unique buyers across the region reached 83 million, growing 24% YoY.

Items sold rose to 752 million units, a 43% YoY Growth, with nearly 75% of fast deliveries within 48 hours.

In Brazil, items sold grew 45% YoY, and FX-neutral GMV increased 35% YoY.

In Mexico, items sold were up 45% YoY, with FX-neutral GMV growing 35% YoY.

In Argentina, items sold grew 36% YoY and FX-neutral GMV surged 42% YoY.

Advertising revenue rose 67% YoY on an FX-neutral basis.

Cross-border trade: First fulfillment center in China opened in December 2025.

Fintech Q4 2025:

Net revenue from Mercado Pago in the fourth quarter reached $3.8 billion, 51% in USD YoY, and 61% FXN YoY.

Mercado Pago monthly active users totalled nearly 78 million, a 27% YoY increase.

Assets under management surged 78% YoY, reaching $18.8 billion.

Total number of transactions (TPN) reached an equivalent of 4.5 billion, a 36% growth.

Credit portfolio grew 90% YoY in USD to $12.5 billion.

Credit card portfolio reached $5.7 billion, +114% YoY. The 15-90 day NPL reached a historic low of 4.4%.

Overall credit portfolio NIMAL reached 23%.

2.8 million credit cards were issued in Q4'25.

In Q4, Mercado Pago AI Assistant, launched in October, resolved 87% of customer inquiries without the need for human operators.

Total Payment Volume (TPV) reached $83.7 billion, an increase of 42%.

Acquiring total payment volume, which comprises all payments processed and settled via Mercado Pago, both on the marketplace and outside of it (MPOS devices, online payments and QR codes) grew 33% YoY in USD to reach $55.7 billion.

Merchant credit portfolio exceeded $2 billion, growing 67%.

Mercado Pago achieved leading NPS in Brazil, Mexico, Argentina and Chile.

Full Year 2025:

Financial highlights for Full Year 2025:

Net revenue: $28.9 billion, growing 39% YoY in dollars and 52.4% YoY in FX Neutral.

Income from operations grew 22% YoY, reaching $3.2 billion, with a 11.1% margin.

Net income reached $2 billion, with a 6.9% margin.

Commerce Full Year 2025:

Net revenue from the commerce business in 2025 reached $16.3 billion, up 34% YoY.

Throughout 2025, items sold reached 2.4 billion items.

Gross merchandise Value (GMV), the total value of merchandise sold, in 2025 reached $65 billion, up 26% YoY.

Annual unique buyers crossed 120 million in 2025.

In 2025, Mercado Libre opened 16 new fulfillment centers including one in China.

In 2025, the fulfillment network absorbed a 41% YoY increase in sold items – nearly 500 million additional items.

Fintech Full Year 2025:

The Fintech business strategy continued to deliver consistent results in 2025 with net revenue from Mercado Pago reaching $12.6 billion, up 46% YoY.

Total payment volume (TPV) reached $278 billion, up 41% YoY while total payment transactions (TPN) in 2025 topped 15.5 billion.

Acquiring Total Payment Volume reached $188 billion, up 32% YoY, a result of our move upmarket and improved services like 1 second processing time.

About Mercado Libre

Founded in 1999, MercadoLibre, Inc (NASDAQ: MELI) is the leading company in e-commerce and financial technology in Latin America, with operations in 18 countries. It offers a complete ecosystem of solutions for individuals and businesses to buy, sell, advertise, obtain credit and insurance, collect, send money, save, and pay for goods and services both online and offline. Mercado Libre looks to facilitate access to commerce and financial services in Latin America, a market that offers great opportunities and high growth potential. It uses world-class technology to create intuitive solutions tailored to the local culture to transform the lives of millions of people in the region. More information at http://investor.mercadolibre.com/

View source version on businesswire.com: https://www.businesswire.com/news/home/20260224265595/en/
mercado-libre@milltownpartners.com

Original: Mercado Libre Caps Stellar 2025 Performance with 45% YoY Revenue Growth in Q4 as Strategic Investments Accelerate Market Share Gains