MercadoLibre Q2 Revenue Tops $10B for First Time, Engagement Metrics Hit Records
MELI sits 22% above its 52-week low of $1,495.
Summary
MercadoLibre delivered its strongest quarter in four years, with revenue surging 50% YoY to $10.2 billion — the first time quarterly revenue has crossed the $10 billion mark. Operating income reached $683 million, though margins remain compressed at 6.7% as the company continues to invest heavily in free shipping, credit, and AI. Engagement metrics are accelerating: unique active buyers rose 26%, items per buyer increased 14%, and ecosystemic users — those active across both commerce and fintech — grew 37%. These users generate 70% more GMV and 90% more TPV than single-platform users, signaling deepening competitive moats. Fintech momentum is equally strong, with assets under management up 68% to $23 billion and total payment volume exceeding $100 billion for the first time. This follows a Q1 where revenue beat but net income fell on higher loan loss provisions; the Q2 print shows sustained top-line acceleration and improving engagement, though profitability remains secondary to growth investments.
At the time of this announcement, MELI was trading at $1,823.00 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $97.5B. The 52-week trading range was $1,495.00 to $2,548.50. This news item was assessed with neutral market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.