The financials
MercadoLibre, Inc. by the numbers
MercadoLibre, Inc. (MELI) reported revenue of $8.85B in Q1 2026 (quarter ended March 31, 2026), up 49% from the same quarter a year earlier. That came with a gross margin of 44% and net income of $417M (4.7% of revenue). For the full year FY2025, revenue was $28.9B (+39% year on year) and net income $2.00B. Its largest product in 2026-Q2 was Service at $8.69B, 80% of the disclosed total, just ahead of Credit at 12%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $8.85B | $5.93B | +49% |
| Gross profit | $3.86B | $2.77B | +39% |
| Operating income | $611M | $763M | −20% |
| Net income | $417M | $494M | −16% |
| Diluted EPS | $8.23 | $9.74 | −16% |
| Product | Revenue | Share |
|---|---|---|
| Service | $8.69B | 80% |
| Credit | $1.30B | 12% |
| Products Sales | $930M | 8.5% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $10.92B (+14%)
Credit grew +86% year on yearService +46% year on year
Segment Latestquarter on quarteryear on year
- Service$8.69B$8.69BQoQ +13%year on year +46%+13%+46%
- Credit$1.30B$1.30BQoQ +15%year on year +86%+15%+86%
- Products Sales$930.0M$930.0MQoQ +19%year on year +83%+19%+83%
Internet Retail
Ranks #8 of 18 by Smart Score