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MercadoLibre

MELI · Consumer Discretionary

Last earnings Aug 5, 2026  ·  Next earnings Nov 4, 2026

Key results

Net incomequarter

$523 million

Net income of $523 million, with a 7.7% margin $64.6 billion Total Payment Volume, up 39% YoY and 61% FX-neutral $15.3 billion Gross Merchandise Volume

SEC original ↗MercadoLibre — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Growthquarter

up 39%

Net income of $523 million, with a 7.7% margin $64.6 billion Total Payment Volume, up 39% YoY and 61% FX-neutral $15.3 billion Gross Merchandise Volume

SEC original ↗MercadoLibre — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Revenuequarter

38%

In Q2'25, advertising revenue growth accelerated to 38% YoY and 59% on an FX-neutral basis.

SEC original ↗MercadoLibre — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Consolidated FX-neutral revenuequarter

53%

Consolidated FX-neutral revenue growth of 53% YoY moderated versus previous quarters due to slowing inflation in Argentina, which is beneficial for our business, consumers, and the broader economy.

SEC original ↗MercadoLibre — Earnings release (8-K exhibit)EX-99Aug 4, 2025

This revenuequarter

45%

This revenue growth was supported by strong FX-neutral trends in both Commerce (+45% YoY) and Fintech (+63%).

SEC original ↗MercadoLibre — Earnings release (8-K exhibit)EX-99Aug 4, 2025

MercadoLibre Letter to Shareholders 3 Q2 25 Results Net income of $523mn was down slightly YoY due to higher FX losses and normalization of our tax rate in Q2'25.

SEC original ↗MercadoLibre — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Adjusted free cash flowquarter

$454mn

Adjusted free cash flow reached $454mn in Q2'25 after capex of $287mn and $816mn net investment in Fintech funding, most of which was directed to growing our credit portfolio.

SEC original ↗MercadoLibre — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Capexquarter

$287mn

Adjusted free cash flow reached $454mn in Q2'25 after capex of $287mn and $816mn net investment in Fintech funding, most of which was directed to growing our credit portfolio.

SEC original ↗MercadoLibre — Earnings release (8-K exhibit)EX-99Aug 4, 2025

AI analysis

Q2 2025 · reported Aug 4, 2025

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Adjusted free cash flow · Q2 2025
$454mn
EX-99 · Aug 4, 2025
Net income · Q2 2025
$523M
EX-99 · Aug 4, 2025
Capex · Q2 2025
$287mn
EX-99 · Aug 4, 2025

The quarter in charts

Capex & free cash flow

As stated

0167333500$287mnCapex Q$454mnFree cash flow Q

EX-99 · Aug 4, 2025 Values as labeled in the release.

Headline figures

MetricQ2 2025Prior qtrYear ago
Net income$523 million——
Growthup 39%——
Revenue38%——
Consolidated FX-neutral revenue53%——
This revenue45%——
Adjusted free cash flow$454mn——
Capex$287mn——

EX-99 · Aug 4, 2025

Guidance · company-stated

No guidance located in the held release

Next earningsNov 4, 2026Verified from the company’s own announcement

Cash flow & capex

Adjusted free cash flow$454mn
Capex$287mn

Capital allocation

Adjusted free cash flow$454mn
Capex$287mn

Adjusted free cash flow reached $454mn in Q2'25 after capex of $287mn and $816mn net investment in Fintech funding, most of which was directed to growing our credit portfolio.

Company-stated claims

Aug 5, 2026

Historical · grew 170% · production_deliveries

“This reflects the improvements we made to our value proposition last year, and growing momentum in our China fulfillment center, where thousands of sellers now operate and volume grew 170% QoQ, further improving service levels through faster deliveries and fewer cancellations.”

EX-99 · Aug 5, 2026
General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Initial results have been encouraging, with items sold growth in Brazil accelerating to 34% YoY in June and reaching 26% YoY in Q2'25, despite a tougher base of comparison than Q1

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

Adjusted free cash flow reached $454mn in Q2'25 after capex of $287mn and $816mn net investment in Fintech funding, most of which was directed to growing our credit portfolio.

SEC original ↗MercadoLibre — Earnings release (8-K exhibit)EX-99Aug 4, 2025

GAAP, we present earnings before interest income and other financial gains, interest expense and other financial losses, foreign currency losses, net, income tax expense and depreciation and amortization ( Adjusted EBITDA ), net debt, foreign exchange ( FX ) neutral measures and Adjusted free cash flow and Net increase (decrease) in available cash, investments and digital assets as non-GAAP measures.

SEC original ↗MercadoLibre — Earnings release (8-K exhibit)EX-99Aug 4, 2025

(2) Excludes time deposits and foreign government debt securities restricted and held in guarantee.

SEC original ↗MercadoLibre — Earnings release (8-K exhibit)EX-99Aug 4, 2025

(3) Excludes foreign government debt securities restricted, investments held in VIEs as a consequence of securitization transactions and equity securities held at cost.

SEC original ↗MercadoLibre — Earnings release (8-K exhibit)EX-99Aug 4, 2025

We consider adjusted free cash flow to be a measure of liquidity generation that provides useful information to management and investors since it shows how much cash the Company generates with its core activities that can be used for discretionary purposes and to repay its corporate and/or commerce debt.

SEC original ↗MercadoLibre — Earnings release (8-K exhibit)EX-99Aug 4, 2025

We consider Net increase (decrease) in available cash, investments and digital assets to be a measure of liquidity availability that provides useful information to management and investors after netting out all other debt and corporate payments and activities from the adjusted free cash flow.

SEC original ↗MercadoLibre — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Strategy & priorities

Net income of $523 million, with a 7.7% margin $64.6 billion Total Payment Volume, up 39% YoY and 61% FX-neutral $15.3 billion Gross Merchandise Volume, up 21% YoY and 37% FX-neutral To our Shareholders Mercado Libre delivered another strong quarter in Q2'25 with net revenues & financial income growing 34% YoY and maintaining its high pace of expansion.

SEC original ↗MercadoLibre — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Cross-border GMV growth accelerated following the roll-out of a range of initiatives in Q1'25 designed to improve competitiveness.

SEC original ↗MercadoLibre — Earnings release (8-K exhibit)EX-99Aug 4, 2025

This rapid scaling is an indicator of the strength of our value proposition and the strategic importance of 1P as a tool to fill gaps in our assortment or price competitiveness.

SEC original ↗MercadoLibre — Earnings release (8-K exhibit)EX-99Aug 4, 2025

This strategy has enabled us to build the largest retail money market fund in Argentina.

SEC original ↗MercadoLibre — Earnings release (8-K exhibit)EX-99Aug 4, 2025

In Mexico, this strategy is helping to digitalize payments in an economy where a major portion of consumption is still handled in physical currency.

SEC original ↗MercadoLibre — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Risks & headwinds

Our forward-looking statements, and the risks and uncertainties related to them, convey MercadoLibre, Inc.

SEC original ↗MercadoLibre — Earnings release (8-K exhibit)EX-99Aug 4, 2025

involve known and unknown risks, uncertainties and other factors that may cause MercadoLibre, Inc.

SEC original ↗MercadoLibre — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Additional information on the potential risks, uncertainties and factors that could affect MercadoLibre, Inc.

SEC original ↗MercadoLibre — Earnings release (8-K exhibit)EX-99Aug 4, 2025

OTHER INFORMATION 63 ITEM 1 LEGAL PROCEEDINGS 63 ITEM 1A RISK FACTORS 63 ITEM 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 64 ITEM 5 OTHER INFORMATION 64 ITEM 6 EXHIBITS 64 INDEX TO EXHIBITS 65 SIGNATURES 66 Table of Contents MercadoLibre, Inc.

SEC original ↗MercadoLibre — 10-Q Quarterly report10-QAug 6, 2026

Documents

Earnings deck slides

0 decks with slide view

MercadoLibre — June 2026 Newsletter (company IR deck) — Slide view unavailable — the original PDF could not be retrieved for segmentation (not a PDF (first bytes b'<!DOCTYPE html><html')).

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Amazon (AMZN) Consumer DiscretionaryTesla, Inc. (TSLA) Consumer DiscretionaryAlibaba Group (BABA) Consumer DiscretionaryeBay Inc. (EBAY) Consumer DiscretionaryToyota Motor (TM) Consumer DiscretionaryO'Reilly Automotive (ORLY) Consumer DiscretionaryLi Auto Inc. (LI) Consumer DiscretionaryV F Corp (VFC) Consumer Discretionary

Filings

60 documents

Earnings releases

21 documents

Presentations

1 document

Transcripts

0 documents

No transcripts for MercadoLibre are held in this edition of the library.

Mentioned by

4 companies

Other tracked companies whose held documents mention MercadoLibre by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.