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Analyst
Kaio Prato
Period: Reporting periods mapped to calendar 2024 Q4 – 2026 Q1 (6 quarters).
- Questions
- 6on tracked calls
- Challenge rate
- 0%none of 6 questionsLimited sample
- Companies
- 1questioned at least once
- Reporting periods
- 6with questions
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Questions asked
Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.
Showing 6 of 6 questions from 1 company
MELIMercadoLibre6 questions · 6 reporting periods · 0 of 6 challenging
Calendar 2026 Q1
should we expect the same pace of credit card issuance in Brazil? Or should we see some slowdown? And finally, if this is the new recurrent level of NIMAL
Show response
Osvaldo noted Q1 NIM seasonality as normal. On renegotiations, no change but more early prepayments with longer duration loans. Did not directly answer on credit card issuance pace or give forward NIMAL level.
Calendar 2025 Q4
can you please clarify if these deposits are now being used for funding to your credit business or not
Show response
Osvaldo confirmed deposits not used for credit funding yet. Credit card NPLs hit all-time low of 4.4%; consumer/merchant book NPLs rose slightly but NIMAL improved sequentially.
Calendar 2025 Q3
Can you talk a little bit about the pace of growth of the acquiring TPV in the ecosystem and more specifically about Brazil
Show response
Osvaldo attributed share gains to the rebuilt direct sales force and direct-to-consumer strategy launched 2 years ago, with acceleration across Brazil, Mexico, Argentina, and Chile.
Calendar 2025 Q2
Last quarter, you mentioned that we grew 4x the portfolio in dollars. So just wondering if you can share more details about the growth pace this quarter
Show response
Osvaldo noted market NPLs worsening in Argentina but MELI's strong principality means users pay MELI back first. Reserve requirement changes expected to reduce deposit yields by ~2pp.
Calendar 2025 Q1
I would like to explore a little bit more about the credit business. First, I would like to understand how is your appetite today across your main products
Show response
Osvaldo confirmed no portfolio deterioration while being more conservative with lower credit score customers in Brazil and Mexico. Funding strategy unchanged with tactical optimization.
Calendar 2024 Q4
just wondering if we can expect even faster growth on your side given the low market share that you still have there and the underpenetrated credit marks
Show response
Martin highlighted Argentina's low credit penetration and declining rates (140% to 29%) as a major opportunity, while noting caution due to historical macro volatility.
Challenge rate by company
Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.
| Company | Questions | Challenge rate |
|---|---|---|
| MELI MercadoLibre | 6 | 0%none of 6 questions |
- MELIMercadoLibre · 6 questions0%none of 6 questions
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Companies |
|---|---|---|---|
| 2024 Q4 | 1 | 0%none of 1 question | 1 |
| 2025 Q1 | 1 | 0%none of 1 question | 1 |
| 2025 Q2 | 1 | 0%none of 1 question | 1 |
| 2025 Q3 | 1 | 0%none of 1 question | 1 |
| 2025 Q4 | 1 | 0%none of 1 question | 1 |
| 2026 Q1 | 1 | 0%none of 1 question | 1 |
- 2024 Q41 question · challenge rate 0% (none of 1 question) · 1 company
- 2025 Q11 question · challenge rate 0% (none of 1 question) · 1 company
- 2025 Q21 question · challenge rate 0% (none of 1 question) · 1 company
- 2025 Q31 question · challenge rate 0% (none of 1 question) · 1 company
- 2025 Q41 question · challenge rate 0% (none of 1 question) · 1 company
- 2026 Q11 question · challenge rate 0% (none of 1 question) · 1 company
Topics
Topics tagged on this analyst’s questions.
- Credit5
- Capital Allocation2
- Macroeconomic2
- Margin1
- Revenue Growth1
- Competitive Dynamics1