MercadoLibre Inc (MELI) operating KPIs
MELINasdaqServices-Business Services, NECFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026Score 13/301% below fair value
$1624.53−35.60 (-2.14%)
Close on Oct 30, 2026Market cap $82.36BP/E 44.2Yield –
KPIs
Operating metrics that drive MercadoLibre's business · fiscal year ends December 31
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| Add to chart | Metric | Q2 2026 2026-06-30 | Q1 2026 2026-03-31 | Q4 2025 2025-12-31 | Q3 2025 2025-09-30 | Q2 2025 2025-06-30 | Q1 2025 2025-03-31 | Q4 2024 2024-12-31 | Q3 2024 2024-09-30 | Q2 2024 2024-06-30 | Q1 2024 2024-03-31 | Q4 2023 2023-12-31 | Q3 2023 2023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Unique active buyers (Commerce)(M)1 | 89 | 84 | 83 | 77 | 71 | 67 | 67 | 61 | 57 | 53 | 54 | 50 | |
Unique active users (old definition) — discontinued(M) | 145 | 120 | |||||||||||
Items sold(M)4 | 795 | 722 | 752 | 635 | 550 | 492 | 525 | 456 | 421 | 385 | 413 | 357 | |
Brazil, growth y/y (stated)(%) | 56.0% | 56.0% | 45.0% | 42.0% | 26.0% | 32.0% | 31.0% | 27.0% | |||||
Mexico, growth y/y (stated)(%) | 34.0% | 34.0% | 45.0% | 42.0% | 36.0% | 28.0% | 32.0% | 38.0% | |||||
Argentina, growth y/y (stated)(%) | 22.0% | 35.0% | 36.0% | 34.0% | 46.0% | 52.0% | 18.0% | 16.0% | -4.0% | 22.0% | |||
Items shipped — discontinued(M) | 453 | 416 | 379 | 407 | 350 | ||||||||
Gross merchandise volume (GMV)($M)6 | 21,926 | 18,951 | 19,906 | 16,543 | 15,258 | 13,330 | 14,548 | 12,907 | 12,647 | 11,365 | 13,450 | 11,360 | |
Growth y/y in USD (stated)(%) | 44.0% | 42.0% | 37.0% | 28.0% | 21.0% | 17.0% | 8.0% | 14.0% | 20.0% | 20.0% | 40.0% | 32.0% | |
Growth y/y FX-neutral (stated)(%) | 36.0% | 36.0% | 37.0% | 35.0% | 37.0% | 40.0% | 56.0% | 71.0% | 83.0% | 71.0% | 79.0% | 59.0% | |
Brazil, growth y/y in USD (stated)(%)1 | 57.0% | 54.0% | 46.0% | 36.0% | 18.0% | 10.0% | 13.0% | 17.0% | 30.0% | 36.0% | 43.0% | 38.0% | |
FX-neutral (stated)(%) | 39.0% | 38.0% | 35.0% | 34.0% | 29.0% | 30.0% | 32.0% | 34.0% | 36.0% | 30.0% | 35.0% | 28.0% | |
Mexico, growth y/y in USD (stated)(%)1 | 42.0% | 48.0% | 49.0% | 36.0% | 16.0% | 2.0% | 11.0% | 14.0% | 34.0% | 43.0% | 47.0% | 59.0% | |
FX-neutral (stated)(%) | 26.0% | 28.0% | 35.0% | 34.0% | 32.0% | 23.0% | 28.0% | 27.0% | 30.0% | 30.0% | 30.0% | 34.0% | |
Argentina, growth y/y in USD (stated)(%)1 | 13.0% | 5.0% | -1.0% | 2.0% | 35.0% | 77.0% | -5.0% | 4.0% | -8.0% | -28.0% | 37.0% | 8.0% | |
FX-neutral (stated)(%) | 38.0% | 41.0% | 42.0% | 44.0% | 75.0% | 126.0% | 141.0% | 218.0% | 252.0% | 214.0% | 235.0% | 147.0% | |
Cross-border trade GMV, growth y/y FX-neutral (stated)(%) | 60.0% | 68.0% | 74.0% | ||||||||||
Fintech monthly active users (MAU)(M) | 88 | 83 | 78 | 72 | 68 | 64 | 61 | 56 | 52 | 49 | 46 | 42 | |
Total payment volume (TPV)($M)4 | 100,952 | 87,186 | 83,694 | 71,224 | 64,602 | 58,303 | 58,914 | 50,691 | 46,328 | 40,727 | 56,514 | 47,256 | |
Growth y/y in USD (stated)(%) | 56.0% | 50.0% | 42.0% | 41.0% | 39.0% | 43.0% | 33.0% | 34.0% | 36.0% | 35.0% | 53.0% | 47.0% | |
Growth y/y FX-neutral (stated)(%) | 56.0% | 55.0% | 53.0% | 54.0% | 61.0% | 72.0% | 109.0% | 126.0% | 137.0% | 129.0% | 84.0% | 69.0% | |
Acquiring TPV (merchant / off-marketplace)($M)4 | 64,079 | 55,993 | 55,711 | 47,712 | 44,365 | 40,317 | 41,833 | 36,042 | 33,746 | 30,579 | 34,732 | 29,721 | |
Growth y/y in USD (stated)(%) | 44.0% | 39.0% | 33.0% | 32.0% | 31.0% | 32.0% | 20.0% | 21.0% | 24.0% | 26.0% | 42.0% | 38.0% | |
Growth y/y FX-neutral (stated)(%) | 42.0% | 41.0% | 40.0% | 45.0% | 53.0% | 59.0% | 95.0% | 110.0% | 124.0% | 80.0% | 75.0% | 60.0% | |
Brazil, growth y/y FX-neutral (stated)(%) | 32.0% | 26.0% | 25.0% | 28.0% | 30.0% | 31.0% | |||||||
Mexico, growth y/y FX-neutral (stated)(%) | 47.0% | 46.0% | 50.0% | 53.0% | 46.0% | ||||||||
Payments on the marketplace — discontinued($M) | 14,185 | 11,973 | |||||||||||
Total payment transactions(M) | 5,181 | 4,640 | 4,506 | 4,013 | 3,607 | 3,344 | 3,325 | 2,936 | 2,675 | 2,418 | 2,955 | 2,508 | |
Assets under management (AUM)1 | |||||||||||||
Growth y/y (stated)(%) | 68.0% | 77.0% | 78.0% | 129.0% | 93.0% | 86.0% | 90.0% | ||||||
Credit portfolio: loans receivable, gross($M)6 | 16,375 | 14,555 | 12,508 | 11,022 | 9,347 | 7,780 | 6,573 | 6,016 | 4,904 | 4,448 | 3,778 | 3,402 | |
Growth y/y (stated)(%) | 75.0% | 87.0% | 90.0% | 83.0% | 91.0% | 75.0% | 74.0% | 77.0% | 51.0% | 46.0% | 33.0% | ||
Credit cards($M) | 7,676 | 6,622 | 5,656 | 4,803 | 4,013 | 3,242 | 2,639 | 2,344 | 1,838 | 1,539 | 1,209 | 863 | |
Consumer loans($M) | 5,772 | 5,319 | 4,559 | 4,088 | 3,525 | 2,967 | 2,591 | 2,504 | 2,127 | 2,014 | 1,808 | 1,827 | |
Merchant loans($M)2 | 2,537 | 2,285 | 2,009 | 1,877 | 1,595 | 1,393 | 1,205 | ||||||
On-line merchant — discontinued($M) | 495 | 428 | 445 | 429 | 418 | ||||||||
In-store merchant — discontinued($M) | 673 | 511 | 450 | 332 | 294 | ||||||||
Asset-backed loans($M) | 390 | 329 | 284 | 254 | 214 | 178 | 138 | ||||||
Allowance for doubtful accounts on loans($M)4 | 4,379 | 3,820 | 3,143 | 2,830 | 2,463 | 2,054 | 1,678 | 1,612 | 1,353 | 1,243 | 1,084 | 1,024 | |
Credit cards($M) | 1,440 | 1,266 | 1,107 | 1,032 | 903 | 732 | 557 | 487 | 359 | 294 | 236 | 204 | |
Consumer($M) | 1,905 | 1,632 | 1,271 | 1,114 | 948 | 802 | 696 | 732 | 682 | 660 | 592 | 573 | |
Merchant($M) | 1,009 | 901 | 747 | 668 | 598 | 509 | 417 | ||||||
Asset-backed($M) | 25 | 21 | 18 | 16 | 14 | 11 | 8 | ||||||
NIMAL — net interest margin after losses(%) | 20.7% | 17.8% | 23.3% | 21.0% | 23.0% | 22.7% | 27.6% | 24.2% | 31.1% | 31.5% | 39.8% | 37.4% | |
Unused credit card limits (off-balance sheet)($M) | 14,047 | 11,892 | 9,001 | 6,595 | 5,005 | 3,580 | 2,872 | 2,498 | 1,791 | 1,407 | 934 | ||
Advertising revenue growth y/y FX-neutral (stated)(%)1 | 62.0% | 63.0% | 67.0% | 63.0% | 59.0% | 50.0% | 88.0% | 86.0% | |||||
in USD (stated)(%) | 73.0% | 73.0% | 70.0% | 56.0% | 38.0% | 41.0% | 37.0% | 51.0% | 64.0% | ||||
Adjusted free cash flow (non-GAAP)($M) | 214 | -56 | 763 | 206 | 454 | -10 | 680 | -203 | 678 | ||||
Net debt (non-GAAP)($M) | 6,425 | 5,748 | 4,682 | 4,605 | 3,830 | 2,768 | 2,040 | 1,907 | 976 | 1,505 | 1,466 | ||
Commerce revenues($M)5 | 5,762 | 4,868 | 4,978 | 4,174 | 3,839 | 3,303 | 3,554 | 3,139 | 2,970 | 2,496 | |||
Commerce services($M) | 4,301 | 3,756 | 3,763 | 3,258 | 3,028 | 2,701 | 2,845 | 2,601 | 2,502 | 2,128 | |||
Commerce product sales (1P)($M) | 1,461 | 1,112 | 1,215 | 916 | 811 | 602 | 709 | 538 | 468 | 368 | |||
Brazil($M) | 3,330 | 2,826 | 2,772 | 2,416 | 2,123 | 1,873 | 1,965 | 1,809 | 1,701 | 1,563 | |||
Mexico($M) | 1,450 | 1,195 | 1,366 | 1,049 | 992 | 778 | 902 | 758 | 799 | 613 | |||
Argentina($M) | 657 | 573 | 545 | 495 | 520 | 474 | 489 | 411 | 307 | 200 | |||
Fintech revenues($M)9 | 4,407 | 3,977 | 3,781 | 3,235 | 2,951 | 2,632 | 2,505 | 2,173 | 2,103 | 1,837 | |||
Financial services and income($M) | 2,113 | 1,947 | 1,912 | 1,683 | 1,610 | 1,473 | 1,441 | 1,249 | 1,215 | ||||
Credit revenues($M) | 2,278 | 2,012 | 1,851 | 1,535 | 1,326 | 1,146 | 1,045 | 910 | 875 | 770 | |||
Fintech product sales($M) | 16 | 18 | 18 | 17 | 15 | 13 | 19 | 14 | 13 | 10 | |||
Credit revenues, Brazil($M) | 1,297 | 1,124 | 1,025 | 839 | 698 | 596 | 538 | 499 | 469 | 416 | |||
Credit revenues, Mexico($M) | 528 | 471 | 425 | 363 | 308 | 274 | 271 | 246 | 260 | 232 | |||
Credit revenues, Argentina($M) | 441 | 409 | 395 | 329 | 318 | 273 | 234 | 163 | 143 | 119 | |||
Brazil($M) | 2,200 | 1,948 | 1,865 | 1,593 | 1,350 | 1,209 | 1,171 | 1,104 | 1,085 | 1,008 | |||
Mexico($M) | 887 | 781 | 730 | 602 | 514 | 444 | 445 | 387 | 402 | 358 | |||
Argentina($M) | 1,182 | 1,125 | 1,067 | 946 | 1,007 | 908 | 818 | 622 | 556 | 415 | |||
Net revenues and financial income($M)4 | 10,169 | 8,845 | 8,759 | 7,409 | 6,790 | 5,935 | 6,059 | 5,312 | 5,073 | 4,333 | 4,409 | 3,927 | |
Brazil($M) | 5,530 | 4,774 | 4,637 | 4,009 | 3,473 | 3,082 | 3,136 | 2,913 | 2,786 | 2,571 | 2,277 | 2,063 | |
Mexico($M) | 2,337 | 1,976 | 2,096 | 1,651 | 1,506 | 1,222 | 1,347 | 1,145 | 1,201 | 971 | 942 | 795 | |
Argentina($M) | 1,839 | 1,698 | 1,612 | 1,441 | 1,527 | 1,382 | 1,307 | 1,033 | 863 | 615 | 998 | 910 | |
Other countries($M) | 463 | 397 | 414 | 308 | 284 | 249 | 269 | 221 | 223 | 176 | 192 | 159 | |
Income from operations($M) | 683 | 611 | 889 | 724 | 825 | 763 | 820 | 557 | 726 | 528 | 335 | 785 | |
Net income($M) | 466 | 417 | 559 | 421 | 523 | 494 | 639 | 397 | 531 | 344 | 165 | 359 | |
Capital expenditures($M) | 441 | 271 | 427 | 357 | 287 | 272 | 305 | 223 | 184 | 148 | 180 | 126 | |
Italic numbers are calculated by StockData from reported figures (hover for the formula). Numbers with a dotted underline are read from the text of earnings releases and presentations; hover to see the exact sentence. Tick a row to add it to the chart above (up to 8 lines).
Methodology and excluded metrics
- MercadoLibre's latest reported quarter is Q2 2026.
- Buyers, items, GMV, TPV, MAU, payment transactions and NIMAL come from the key performance metrics table of each quarterly Letter to Shareholders (three-month column; the prior-year column is used only where a quarter has no figure of its own, e.g. 2023 buyers restated to the new definition).
- Growth rates by country are the percentages MercadoLibre publishes; it does not disclose GMV or TPV by country in dollars. FX-neutral growth is shown because the company reports on that basis and it differs widely from USD growth (Argentina).
- Loan book figures come from the 10-Q / 10-K note “Loans receivable, net”; NPL, credit portfolio and AUM are read from the letter and the earnings call, with the verbatim quote on hover; bounds such as “surpassed $16bn” are left out.
- Earnings call transcripts are from The Motley Fool (Q1 and Q2 2025 not found).
- All figures are as published; no ratios, totals or estimates are added. The only arithmetic is Q4 = full year − nine months for revenue by business line and in the database group (italic, with the formula). U.S. GAAP filings have no parent-only statements, so there is no consolidated − parent split.
- A metric is shown only when the three most recent quarters all have data; annual-only metrics need the two latest years. Discontinued disclosures are kept as rows marked “discontinued” when they have three consecutive quarters up to their last one.
Not shown because recent periods are missing (23)
- Marketplace: buyers × items → GMV (key metric) › Unique active buyers (Commerce) › Brazil, growth y/y (stated)
- Marketplace: buyers × items → GMV (key metric) › Unique active buyers (Commerce) › Mexico, growth y/y (stated)
- Marketplace: buyers × items → GMV (key metric) › Items sold › Items per buyer, growth y/y (stated)
- Fintech (Mercado Pago): users and payments (key metric) › Fintech monthly active users (MAU) › Brazil, growth y/y (stated)
- Fintech (Mercado Pago): users and payments (key metric) › Fintech monthly active users (MAU) › Mexico, growth y/y (stated)
- Fintech (Mercado Pago): users and payments (key metric) › Fintech monthly active users (MAU) › Argentina, growth y/y (stated)
- Fintech (Mercado Pago): users and payments (key metric) › Total payment volume (TPV) › Acquiring TPV (merchant / off-marketplace) › Argentina, growth y/y FX-neutral (stated)
- Fintech (Mercado Pago): users and payments (key metric) › Total payment volume (TPV) › Active payment devices, Mexico (stated)
- Fintech (Mercado Pago): users and payments (key metric) › Assets under management (AUM) › AUM per user (stated)
- Fintech (Mercado Pago): users and payments (key metric) › Assets under management (AUM) › of which mutual funds managed by the company
- Fintech (Mercado Pago): users and payments (key metric) › Assets under management (AUM)
- Credit book (Mercado Pago lending) › NPL 15–90 days, total portfolio (stated) › Credit card portfolio (stated)
- Credit book (Mercado Pago lending) › NPL 15–90 days, total portfolio (stated)
- Credit book (Mercado Pago lending) › Consumer credit exposure per user (stated)
- Credit book (Mercado Pago lending) › Credit card exposure per user (stated)
- Credit book (Mercado Pago lending) › Credit cards issued in the quarter (stated)
- Commerce: ads and logistics (company-stated) › Advertising revenue growth y/y FX-neutral (stated) › Ad revenue as % of GMV (stated)
- Commerce: ads and logistics (company-stated) › Items shipped through Mercado Envios managed network (stated) › Fulfillment penetration (stated)
- Commerce: ads and logistics (company-stated) › Items shipped through Mercado Envios managed network (stated) › Shipments delivered within 48 hours (stated)
- Commerce: ads and logistics (company-stated) › Items shipped through Mercado Envios managed network (stated) › Unit shipping cost change (stated)
- Commerce: ads and logistics (company-stated) › Items shipped through Mercado Envios managed network (stated)
- Commerce: ads and logistics (company-stated) › MELI+ subscribers (stated) › Growth y/y (stated)
- Commerce: ads and logistics (company-stated) › Active sellers, growth y/y (stated)
Data updated 2026-10-26.
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