MercadoLibre, Inc. reported significant financial growth in its latest quarterly results, with net revenues and financial income reaching $8.845 billion for the three-month period ending March 31, 2026, a 49% increase from $5.935 billion in the same period last year. The company’s gross profit also rose to $3.862 billion, up from $2.771 billion, reflecting a gross profit margin of 43.7%, down from 46.7% in the prior year. The increase in revenues was primarily driven by a 42% rise in gross merchandise volume and higher contributions from both its commerce and fintech segments.
In terms of profitability, MercadoLibre's net income for the quarter was $417 million, a decrease from $494 million in the previous year, resulting in basic and diluted earnings per share of $8.23, down from $9.74. The decline in net income was attributed to a significant increase in operating expenses, which rose to $3.251 billion from $2.008 billion, largely due to higher costs associated with product and technology development, sales and marketing, and provisions for doubtful accounts.
Operationally, MercadoLibre saw a notable increase in its user base, with fintech monthly active users growing to 83 million from 64 million year-over-year. The company also reported a total payment volume of $87.186 billion, up from $58.303 billion, indicating strong engagement with its payment solutions. The number of unique active buyers on its e-commerce platform increased to 84 million, up from 67 million, while gross merchandise volume reached $18.951 billion, compared to $13.330 billion in the prior year.
Geographically, Brazil remained the largest contributor to revenue, accounting for 54% of total net revenues and financial income, followed by Mexico at 22.3% and Argentina at 19.2%. The company continues to expand its operations across Latin America, leveraging its integrated e-commerce and fintech ecosystem to capture market share in a region where e-commerce penetration is still developing. Looking ahead, MercadoLibre anticipates continued growth driven by its strategic investments in technology and logistics, as well as the expansion of its financial services offerings.
About MERCADOLIBRE INC
MercadoLibre, Inc. operates Latin America's leading e-commerce platform and fintech ecosystem, offering online marketplace, digital payments, logistics, advertising, and financial services. Its core value lies in democratizing commerce and financial inclusion across 18 countries, serving consumers and merchants with integrated solutions like Mercado Libre, Mercado Pago, and Mercado Envios. The company leverages technology, logistics, and financial products to enhance user experience and market leadership.
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