Mercadolibre (MLB1) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

May 07, 2026

After Close (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

9.24

Last Year’s EPS

8.26

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 10 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 24, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call emphasized very strong top-line growth across commerce, advertising and fintech (notable YoY gains: Q4 revenue +45%, ad revenue +67%, credit portfolio ~+100%, AUM +78%, GMV +35% in Brazil/Mexico) and clear AI-driven product and operational gains. Management acknowledged deliberate margin compression (5–6 p.p.) from strategic investments in shipping, 1P, cross-border and credit expansion, and flagged some localized margin and delinquency pressures (Argentina fulfillment costs, slight rise in early delinquencies). Overall, the positives (broad-based revenue/GMV growth, rapid fintech scale, ad acceleration, AI efficiencies, improving unit costs and record NPS) materially outweigh the manageable and largely intentional near-term challenges.

Company Guidance

Management’s guidance was that the company will keep making deliberate, growth‑oriented investments that they expect to compress margins by roughly 5–6 percentage points (driven by lower free‑shipping thresholds, 1P, cross‑border and credit‑card expansion) even as operating momentum continues: Q4 net revenues grew 45% YoY and full‑year revenues grew 39%, income from operations rose 22% for the year, and this was the 28th consecutive quarter of >30% growth; commerce trends include Brazil GMV +35% YoY with items sold +45% and Mexico GMV +35%, unit‑cost improvements in Brazil (helped by a slower delivery network), advertising revenue +67% YoY, acquiring TPV +25% in Brazil and +50% in Mexico; Mercado Pago metrics show MAUs growing ~30% for 10 consecutive quarters, the AI assistant resolving 87% of interactions, a credit portfolio of ~$12.5bn (nearly doubled YoY) with ~3m credit cards issued in Q4, and AUM near $19bn (+78% YoY); management reiterated they don’t provide formal forward guidance quarter‑by‑quarter, will continue to prioritize long‑term share and NPS gains while monitoring profitability improvements (older Brazil credit cohorts are NIMAL‑positive), and will provide Q1 disclosures in May.

Strong Top-Line Growth

Fourth quarter net revenues grew 45% year-over-year; full-year revenues grew 39%; Q4 marked the 28th consecutive quarter of growth above 30%.

Robust Commerce GMV Expansion

GMV grew 35% year-over-year in Brazil (largest market) and 35% in Mexico; items sold in Brazil rose 45% YoY, reflecting higher purchase frequency after lowering the free-shipping threshold.

Advertising Acceleration

Advertising revenues accelerated 67% (FX neutral), driven by AI-powered bidding/automations, budget orchestration tools and higher advertiser adoption; penetration still described as small relative to potential.

Fintech Momentum — Credit & Assets

Credit portfolio nearly doubled year-over-year to $12.5 billion; almost 3 million new credit cards issued in Q4; assets under management approximately $19 billion, up 78% YoY; monthly active users growing ~30% for 10 consecutive quarters.

Acquiring TPV Growth

Acquiring TPV grew 25% in Brazil and 50% in Mexico, supported by AI tools that improve merchant identification and TPV per merchant.

AI-Driven Efficiency and Adoption

Mercado Pago AI assistant resolves 87% of interactions without human support; AI powers search, recommendations, seller assistant (advises ~20% of GMV) and advertising tools, improving conversion and advertiser ROI.

Improving Unit Economics in Logistics

Brazil unit costs improved (management referenced an ~11% decline in unit costs), aided by higher volumes, productivity gains and use of a slower parallel delivery network to utilize idle capacity.

Customer Experience Leadership

Reached leading Net Promoter Scores in Brazil, Mexico, Argentina and Chile for fintech and commerce; management cites record NPS in commerce and fintech in Brazil, Mexico and Argentina.

Income from Operations Growth

Full-year income from operations grew 22%, reflecting scaling top-line growth despite intentional investment spend.

Sales & Distribution Expansion

Affiliate program and other channels scaled meaningfully — number of affiliates in Brazil nearly doubled Q4 vs Q3 and was ~6x year-over-year — supporting future growth.

Mercadolibre (DE:MLB1) 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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DE:MLB1 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 07, 2026	2026 (Q1)	9.24 / -	8.259	―	―	―
Feb 24, 2026	2025 (Q4)	9.75 / 9.35	10.683	-12.46% (-1.33)
Oct 29, 2025	2025 (Q3)	7.73 / 7.05	6.639	6.26% (+0.42)
Aug 04, 2025	2025 (Q2)	10.12 / 8.74	8.886	-1.62% (-0.14)
May 07, 2025	2025 (Q1)	7.02 / 8.26	5.749	43.66% (+2.51)
Feb 20, 2025	2024 (Q4)	6.70 / 10.68	2.756	287.69% (+7.93)
Nov 06, 2024	2024 (Q3)	8.35 / 6.64	6.071	9.36% (+0.57)
Aug 01, 2024	2024 (Q2)	7.24 / 8.89	4.375	103.10% (+4.51)
May 02, 2024	2024 (Q1)	5.17 / 5.75	3.366	70.78% (+2.38)
Feb 22, 2024	2023 (Q4)	6.02 / 2.76	2.756	0.00% (0.00)

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

DE:MLB1 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 24, 2026	€1618.00	€1455.00	-10.07%
Oct 29, 2025	€1974.40	€2088.00	+5.75%
Aug 04, 2025	€2062.50	€2077.50	+0.73%
May 07, 2025	€1986.80	€2164.00	+8.92%

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.