MercadoLibre reported a strong financial quarter with significant growth in revenue and operating income, as well as notable expansion in its FinTech and advertising segments. However, increased marketing expenditures and elevated NPL ratios pose challenges. The company remains optimistic about long-term growth, particularly in the e-commerce and credit card sectors.

Company Guidance

In the second quarter of 2025, MercadoLibre reported robust financial performance, with revenue growth surpassing 30% year-on-year and achieving a record income from operations of $825 million. The company lowered its free shipping threshold in Brazil for the third time in five years, resulting in accelerated GMV growth and increased user engagement. Monthly active users of Mercado Pago surged to 68 million, with assets under management more than doubling year-on-year. The credit portfolio expanded by 91%, reaching $9.3 billion, while maintaining stable NIMAL and reducing 50 to 90 days NPLs below 7%. Additionally, advertising revenue increased by 38% year-on-year, supported by a new integration with Google Manager. The company emphasized the importance of AI in enhancing marketing and advertising strategies, while also noting a significant increase in sales and marketing spend due to high-profile campaigns across several countries.

Strong Financial Performance

MercadoLibre delivered another quarter of strong financial performance with revenues growing over 30% year-on-year and record income from operations of $825 million.

Growth in Mexico

Mexico saw accelerated GMV growth and the number of items sold increased at the fastest pace in almost 2 years, driven by both 1P and cross-border businesses.

Advertising Revenue Growth

Advertising revenue grew 38% year-on-year, with the successful integration with Google Manager positioning Mercado Ads as a key strategic partner.

FinTech Traction

Monthly active users of Mercado Pago reached 68 million, with assets under management more than doubling year-on-year and the credit portfolio growing by 91% year-on-year.

Credit Card Business Expansion

The company issued 1.5 million new credit cards in Q2, with strong asset quality and improvements in credit models, leading to more than half of the portfolio in Brazil being NIMAL positive.

Mercadolibre (MELI) Earnings, Revenues Date & History

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MELI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	10.75 / -	7.83	―	―	―
Aug 04, 2025	2025 (Q2)	11.93 / 10.31	10.48	-1.62% (-0.17)
May 07, 2025	2025 (Q1)	8.28 / 9.74	6.78	43.66% (+2.96)
Feb 20, 2025	2024 (Q4)	7.90 / 12.60	3.25	287.69% (+9.35)
Nov 06, 2024	2024 (Q3)	9.85 / 7.83	7.16	9.36% (+0.67)
Aug 01, 2024	2024 (Q2)	8.53 / 10.48	5.16	103.10% (+5.32)
May 02, 2024	2024 (Q1)	6.10 / 6.78	3.97	70.78% (+2.81)
Feb 22, 2024	2023 (Q4)	7.09 / 3.25	3.25	0.00% (0.00)
Nov 01, 2023	2023 (Q3)	5.79 / 7.16	2.56	179.69% (+4.60)
Aug 02, 2023	2023 (Q2)	4.34 / 5.16	2.43	112.35% (+2.73)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

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Missed

MELI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 04, 2025	$2395.83	$2408.02	+0.51%
May 07, 2025	$2262.09	$2410.00	+6.54%
Feb 20, 2025	$2075.79	$2110.47	+1.67%
Nov 06, 2024	$2117.30	$1774.05	-16.21%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.