Mercadolibre (MELI) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Aug 05, 2026

After Close (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

8.74

Last Year’s EPS

10.31

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 14 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:May 07, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presents a strongly positive operational and top-line picture—49% revenue growth, robust GMV and fintech expansion, significant improvements in logistics efficiency and record engagement metrics. Management acknowledges deliberate near-term margin pressure driven by accelerated investments (free shipping, 1P/CBT, credit card scale) and higher upfront provisions as the credit book grows and loan durations extend. While provisioning and NIM compression (especially in Brazil) are meaningful near-term headwinds, management frames these as intentional, disciplined investments with improving cohort performance and long-term payoff.

Company Guidance

Management's guidance was investment-first and fairly specific about near-term posture: they will "invest boldly" across commerce and fintech and have "set the dial" at Q1 intensity—income from operations was $611M (6.9% margin) on net revenue up 49% YoY—and do not expect that margin level to change materially in the near term while retaining the ability to dial it up or down. They cited concrete metrics that justify continued investment: Brazil GMV +38% YoY with items sold +56% (free‑shipping threshold lowered to BRL 19), Mexico GMV +28%, Argentina +41%, Chile +40%; Mercado Pago MAUs +29% YoY, AUM +77%, credit portfolio nearly doubled to $14.6B (credit book growth ~87% YoY), 2.7M credit cards issued this quarter (credit‑card TPV +90% YoY, card MAUs +68%); operational improvements (cost per shipment down 17% YoY and many SKUs in the BRL19–79 band approaching break‑even) support the plan, though they warned higher provisions / cost of risk (noted increase and NIM compression) will continue as the credit business scales and that targeted seller take‑rate cuts implemented at end‑Q1 will begin to impact P&L in Q2.

Record Revenue Growth

Net revenue increased 49% year-over-year in Q1 2026—the strongest growth rate since Q2 2022, driven by broad-based commerce and fintech expansion.

Brazil Commerce Outperformance

Brazil GMV grew 38% YoY and items sold accelerated 56% YoY after lowering the free-shipping threshold (to BRL 19). Free shipping penetration hit a new record and cost per shipment fell 17% YoY (local currency), improving unit economics.

Regional GMV Strength

Outside Brazil, strong commerce growth: Mexico GMV +28% YoY, Argentina GMV +41% YoY, Chile GMV +40% YoY—indicating broad market share gains across key countries.

Fintech Momentum and Credit Scale

Mercado Pago monthly active users grew 29% YoY, assets under management (AUM) rose 77% YoY, and the credit portfolio nearly doubled to $14.6 billion. The company issued 2.7 million credit cards in the quarter; credit card TPV grew 90% YoY and credit card MAUs grew 68% YoY.

Operational Efficiency in Logistics

Unit shipping costs improved materially (down 17% YoY) while absorbing 56% volume growth. Drivers included higher volume/density, use of slow-shipping capacity, and operational/technology productivity improvements; several price brackets (BRL 19–79) are already breaking even.

Product & Tech Innovations Driving Conversion

Targeted commercial initiatives (lowered seller take rates in specific price ranges, expanded free shipping, 1P and CBT investment) plus deployment of LLMs in search across Brazil, Mexico and Argentina delivered higher conversion, better ad returns and stronger engagement.

Scale and Profitability Despite Investment

Income from operations was $611 million with a 6.9% operating margin. Management reports record-high NPS across markets, improved conversion (Brazil conversion +1 percentage point YoY) and continued market share gains.

Mercadolibre (MELI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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MELI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 05, 2026	2026 (Q2)	8.74 / -	10.31	―	―	―
May 07, 2026	2026 (Q1)	8.50 / 8.23	9.74	-15.50% (-1.51)
Feb 24, 2026	2025 (Q4)	11.50 / 11.03	12.6	-12.46% (-1.57)
Oct 29, 2025	2025 (Q3)	9.12 / 8.32	7.83	6.26% (+0.49)
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)

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.

Beat

Missed

MELI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 07, 2026	$1870.01	$1632.52	-12.70%
Feb 24, 2026	$1922.56	$1767.71	-8.05%
Oct 29, 2025	$2295.92	$2360.76	+2.82%
Aug 04, 2025	$2395.83	$2408.02	+0.51%

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.