MELI Q3 2025

Q4 2025 Q3 2025 Q2 2025 Q1 2025

Earnings

MercadoLibre posted a split verdict in Q3 2025, beating revenue expectations while falling short on the bottom line, a combination that reflects the complexity of operating at scale across Latin America's volatile currency landscape. The company repo… Read more MercadoLibre posted a split verdict in Q3 2025, beating revenue expectations while falling short on the bottom line, a combination that reflects the complexity of operating at scale across Latin America's volatile currency landscape. The company reported revenue of $7.41 billion, topping the $7.21 billion consensus by 2.81% and extending a remarkable streak to 27 consecutive quarters of growth above 30% year-over-year, with the latest print clocking in at 39.5%. Yet diluted EPS of $8.32 missed the $9.30 consensus by 10.51%, as Argentine peso depreciation drove outsized foreign currency losses and a higher effective tax rate squeezed net income growth to just 6% year-over-year. The fintech segment was a standout, with the credit portfolio growing 83% year-over-year to $11.00 billion, while commerce momentum in Brazil and Mexico accelerated sharply. Management acknowledged near-term margin pressure from heavy investment in free shipping, logistics, and credit expansion, but pointed to Latin America's mid-teens e-commerce penetration rate as evidence the company remains in the early innings of a much larger opportunity.