Mercado Livre Brasil

MELI's Q2 2026 results are in! 🚀 This quarter I'm trying something new: a 90 day recap in 90 seconds! Watch the video below, and drop any questions in the comments. This quarter marks thirty consecutive quarters of 30%+ growth as our revenue hit $10B, up 50% YoY. A few other numbers from the quarter: → GMV reached $22B — up 44% in USD YoY → TPV crossed $100B for the first time — up 56% in USD YoY → 88M Mercado Pago MAUs and 89M unique buyers in commerce → In Brazil, items per buyer up ~20% YoY, with DAU:MAU ratios at all-time highs But what excites me more than the streak is what's driving it: engagement. Not just more users, but users going deeper. Buying more categories, saving more with us, combining commerce and fintech in ways that compound. Ecosystemic users, people using our commerce and fintech services, are up 37% YoY. They're our fastest-growing segment. Quality over quantity, even when the quantity is already remarkable. Another highlight is the 1 year anniversary since we lowered the free shipping threshold to R$19 in Brazil, where engagement numbers particularly stand out as the behavior shifts we hoped for are showing up clearly in the data. On AI 🤖: Artificial intelligence continues to transform how Mercado Libre builds and operates. Human-written code has become the exception at the company, and this has meaningfully accelerated our roadmap. We also completed the rollout of our AI-powered marketplace search architecture across our five largest sites, where uplifts in conversion and click-through rates more than offset the cost of using third-party LLMs. For more information, access the Q2 2026 shareholder letter here: https://lnkd.in/dbz_23Vj And the investor presentation here: https://lnkd.in/d35UUqne #MercadoLibre #MELI #Earnings #Q22026

Q2 2026 was a milestone quarter for Mercado Libre. We sustained momentum and saw net revenue pass $10 billion for the first time - growing an impressive 50% year-over-year, our fastest pace of growth in four years. 30 quarters growing above 30%! While the headline is continued growth, the real story this quarter is engagement. Our most engaged users, active across both our marketplace and Mercado Pago platform, are our fastest-growing and most valuable segment, up 37% year-over-year. Per user, they generate 70% more GMV than marketplace-only users and nearly 90% more payment volume than fintech-only users. Here are some of the quarter's highlights, I dive into them further in my video below: 🛒 In Commerce, our users are buying more than ever. Items per buyer grew 14% YoY, even as we welcomed millions of new buyers. One year after lowering the free shipping threshold in Brazil, the engagement signals show that the share of users buying three or more categories per month has risen 10ppts, and new buyer cohorts are purchasing more, across more categories, with higher retention than those that came before. This is what durable change in consumer behavior looks like. 💳 In Fintech, users are trusting us with more of their finances. Monthly active users reached 88 million (+30% YoY), assets under management per user grew 29% YoY, and total payment volume passed $100 billion for the first time. Our credit portfolio grew 75% to $16 billion, with asset quality remaining strong. 📣 In Advertising, more sellers are choosing our tools to reach engaged buyers. Adoption of our AI budget orchestrator grew 63% quarter-over-quarter, and Mercado Ads revenue grew 73% YoY in USD. Market share surpassed 10% in Latin America’s digital advertising market for the first time. Engaged users are the clearest signal that our ecosystem is working. The more of it a user experiences - commerce, payments, credit, loyalty - the more valuable it becomes for them, and the stronger our competitive advantage grows. Our strategic investments show that we remain committed to leading the transformation of how hundreds of millions of Latin Americans shop, pay, and access financial services. For more information, access the Q2 2026 shareholder letter here: https://lnkd.in/dvfk3Qtx And the investor presentation here: https://lnkd.in/dcDK2EUy #MercadoLibre #MELI #Earnings #Q22026

Mercado Libre had an incredible start to 2026. In Q1, net revenue grew an impressive 49% year-over-year, our strongest growth rate since the second quarter of 2022. This performance is the result of deliberate, strategic investments we have been making across Commerce and Fintech. Here are some of the quarter's highlights and you can watch the full video below for a deeper dive into our Q1 2026 financial performance: In Commerce, in Brazil, lowering the free shipping threshold continues to prove a durable growth engine. GMV grew 38% YoY, and items sold growth accelerated to 56%. Additionally, unit economics continued to improve with cost per shipment declining 17% YoYin local currency. Mercado Pago continues to scale rapidly, as monthly active users grew 29% YoY. Assets under management increased 77%, and our total credit portfolio grew 87% to $14.6 billion, the largest quarterly increase in nominal terms in company history. Mercado Ads revenue grew 73% YoY in USD, making it the fastest growing player in the region as more brands and sellers leverage our platform to reach engaged buyers at scale. We're entering 2026 from a position of real competitive strength. We are investing boldly, and the evidence in our unit economics and cohort performance gives us confidence that we are on the right track. We remain fully committed to capturing the massive, long-term opportunity to transform how hundreds of millions of Latin Americans shop, pay, and access financial services. For more information and to access the shareholder letter, check out our investor relations website: https://lnkd.in/dR2JmxVm #MercadoLibre #MELI #Earnings #Q12026

MELI's Q1 2026 results are in! The main headline is that this is our fastest revenue growth in almost FOUR YEARS (since the second quarter of 2022)! A few weeks ago, I asked you which topic you most wanted to hear about. 56% of you chose AI, so that's where I focused this quarter's video breaking down how AI is having a real impact in commerce and fintech. But I also made sure no voter was left behind and covered updates on free shipping, the Brazil credit card, and the macro environment. I also want to share a couple of highlights from our Q1 2026 performance worth looking at: 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. Advertising: Mercado Ads 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. BONUS AI: One thing I wanted to add to AI is that in Q1 we rolled out Claude Cowork to more than 31,000 employees, making Mercado Libre among the earliest large-scale enterprise adopters globally! For a deeper look into our performance, check out this link: investor.mercadolibre.com I’d love to hear your thoughts! Share your feedback and any ideas for future updates in the comments! #MercadoLibre #MELI #Earnings #Q12026

Today, we shared Mercado Libre’s Q3 results, and our momentum remains as strong as ever. We delivered 39% year-over-year revenue growth, marking our 27th consecutive quarter above 30%. This consistent performance reflects the incredible work of our team and the trust of millions of customers across Latin America. Our marketplace reached US$16.5 billion in GMV this quarter, driven by 39% year-over-year growth in items sold. Our investment in Brazil's free shipping has resulted in higher conversion, increased frequency, and strong growth in both unique buyers and GMV. At the same time, unit shipping costs dropped 8% quarter-over-quarter as we leveraged unused network capacity. Mercado Pago continues to thrive, with monthly active users growing 29% YoY and reaching record-high NPS scores in Brazil and Mexico. Our assets under management more than doubled YoY to US$15.1 billion, and our credit portfolio is expanding rapidly without compromising quality. This quarter once again proves that we can execute at scale while maintaining a strong balance between growth, investment, and profitability. We have tremendous momentum, and I’m convinced that the best is yet to come! #MercadoLibre #Earnings #Q32025

MELI’s Q3 ‘25 results are here! The story of 27 consecutive quarters of revenue growth above 30% YoY is rooted in the strategy. That’s why I’m changing the approach this quarter. Instead of delivering messages on the earnings, I am answering three questions that can help to explain how we sustain our growth and we think about the long term. 1️⃣ Free Shipping Drives Record Commerce Growth in Brazil Our investment in lowering the free shipping threshold shows immediate results, driving growth and opportunity. Unique buyers in Brazil grew 29% YoY, marking the largest quarterly addition in our history. Items sold accelerated to 42% YoY growth and FX-neutral GMV increased 34% YoY. 2️⃣ Financial Inclusion Scales with Argentina Credit Card Launch Despite a challenging macro environment, we are deepening our financial ecosystem in the country. We launched the Mercado Pago credit card in Argentina in August, targeting the six out of ten adults currently without a credit card. This builds on strong momentum in the country, where we added nearly one million new buyers per quarter so far this year. 3️⃣ Sustained Growth for 27 consecutive quarters We are confident our 39% YoY revenue growth is sustainable because we are disciplined in our long-term investment approach. We are only in the early stages of realizing our full potential. E-commerce penetration is still mid-teens, and many of our fintech market shares are still single-digit in Latin America. We remain exceptionally well-positioned to accelerate both e-commerce and financial inclusion. For a deeper look into our performance, check out this link: https://lnkd.in/eZgRaCfz I’d love to hear your thoughts—what insights stood out for you? Share your feedback and any ideas for future updates in the comments! #MercadoLibre #MELI #Earnings #Q32025