Loading
Sentiment · FY2026 Q2
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $6.06B | +42.2% | $12.60 | +287.7% | 45.4% | 13.5% | 10.5% | $2.62B |
| FY2025 Q1 | $5.93B | +37.0% | $9.74 | +43.4% | 46.7% | 12.9% | 8.3% | $672M |
| FY2025 Q2 | $6.79B | +33.8% | $10.32 | -1.4% | 45.6% | 12.2% | 7.7% | $2.18B |
| FY2025 Q3 | $7.41B | +39.5% | $8.30 | +6.0% | 43.3% | 9.8% | 5.7% | $2.46B |
| FY2025 Q4 | $8.76B | +44.6% | $11.03 | -12.5% | 43.2% | 10.1% | 6.4% | $4.78B |
| FY2026 Q1 | $8.85B | +49.0% | $8.23 | -15.5% | 43.7% | 6.9% | 4.7% | $1.28B |
| FY2026 Q2 | $10.17B | +49.8% | $9.19 | -10.9% | 40.9% | 6.7% | 4.6% | $3.93B |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Irma Sgarz | Goldman Sachs | 9 (11%) |
| Andrew Ruben | Morgan Stanley | 8 (0%) |
| Robert Ford | Bank of America | 8 (0%) |
| Neha Agarwala | HSBC | 8 (0%) |
| Josh Beck | Raymond James | 7 (0%) |
| Rodrigo Gastim | Itau BBA | 7 (0%) |
| Marcelo Santos | JPMorgan | 6 (0%) |
| Joao Soares | Citigroup | 6 (0%) |
| Deepak Mathivanan | Cantor Fitzgerald | 6 (0%) |
| Kaio Prato | UBS | 6 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Goldman Sachs | 1 | 9 (11%) |
| Itau BBA | 2 | 8 (13%) |
| Morgan Stanley | 1 | 8 (0%) |
| Bank of America | 1 |
| 8 (0%) |
| HSBC | 1 | 8 (0%) |
| Raymond James | 1 | 7 (0%) |
| UBS | 2 | 7 (14%) |
| Cantor Fitzgerald | 2 | 7 (0%) |
Revenue grew approximately 49% year-over-year as Brazil commerce acceleration from free shipping and credit portfolio near-doubling drove fintech growth. Deliberate margin compression from strategic investments continued with LLM deployment in search driving conversion gains. Credit card cross-sell flywheel scaled across markets while NIM compressed from credit mix shift and longer loan durations.
Credit | Margin | Competitive Dynamics | Demand | Macroeconomic | Capex Investment | Pricing | Revenue Growth | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 11 | 4 | 3 | 3 | 4 | 3 | 1 | 1 |
| 2025Q1 | 4 | 5 | 5 | 4 | 4 | 2 | 2 | |
| 2025Q2 | 6 | 4 | 1 | 3 | 1 | 1 | 4 | 1 |
| 2025Q3 | 4 | 4 | 7 | 2 | 1 | 3 | 2 | 2 |
| 2025Q4 | 6 | 6 | 2 | 2 | 2 | 1 | 1 | 3 |
| 2026Q1 | 6 | 7 | 3 | 1 | 1 | 1 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Credit | 11 | 4 | 6 | 4 | 6 | 6 |
| Margin | 4 | 5 | 4 | 4 | 6 | 7 |
| Competitive Dynamics | 3 | 5 | 1 | 7 | 2 | 3 |
| Demand | 3 | 4 | 3 | 2 | 2 | 1 |
| Macroeconomic | 4 | 4 | 1 | 1 | 2 | 1 |
| Capex Investment | 3 | 2 | 1 | 3 | 1 | 1 |
| Pricing | 1 | 4 | 2 | 1 | 1 | |
| Revenue Growth | 1 | 2 | 1 | 2 | 3 |
What MELI and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“we have now exceeded 1.2 million policies through our MercadoLibre relationship, demonstrating our ability to grow through digital platforms”
Prudential's distribution partnership with MercadoLibre has surpassed 1.2 million policies, underscoring MercadoLibre's reach as a digital insurance-distribution platform in Latin America.
“Amazon has made several changes recently. Are you seeing any impact on the seller side or supply on the platform at this time?”
An analyst frames Amazon as an intensifying competitor in Brazilian e-commerce, asking whether Amazon's recent changes are affecting MercadoLibre's seller supply — a read-through on Amazon's Brazil marketplace push.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
MELI MercadoLibre | 7 | +49.0% | |
| AMZN Amazon.com, Inc. | 9 | +16.6% | |
| AZO AutoZone | 6 | +8.2% | |
| BBY Best Buy | 5 | -1.0% | |
| CASY Casey's General Stores, Inc. | 8 | +0.3% | |
| EBAY eBay | 8 | +19.5% | |
| GPC Genuine Parts Company | 6 | +6.8% | |
| ORLY O'Reilly Automotive | 8 | +10.2% | |
| PDD PDD Holdings | 6 | +10.4% | |
| TSCO Tractor Supply | 5 | +3.6% | |
| ULTA Ulta Beauty | 7 | +11.8% | |
| WSM Williams-Sonoma | 5 | -4.3% |