MercadoLibre, Inc.: Mixed — EPS $8.83, Revenue $10.75B
Mixed ResultQ3 2026 · After-market
Did MercadoLibre, Inc. (MELI) beat earnings today?
It was a mixed report for Q3 2026 — MercadoLibre, Inc. (MELI) beat on revenue but missed on EPS.
Earnings Per Share-4.75% surprise
$8.83Actual
Expected: $9.27
vs. year ago +6.1%
Total Revenue+0.37% surprise
$10.75BActual
Expected: $10.71B
vs. year ago +45.0%
Released Nov 04 · 4:09 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $10.75B | $7.41B | +45.0% |
| Revenue detail — reported lines | |||
| └─Net service revenues | $9.21B | $6.48B | +42.1% |
| └─Net product revenues | $1.54B | $933.00M | +65.6% |
| └─Brazil | $6.00B | $4.01B | +50.0% |
| └─Mexico | $2.43B | $1.65B | +47.0% |
| └─Argentina | $1.82B | $1.44B | +26.0% |
| └─Other Countries | $502.00M | $308.00M | +63.0% |
| GAAP Basic EPS | $8.83 | $8.32 | +6.1% |
| GAAP Diluted EPS | $8.83 | $8.32 | +6.1% |
| Net income | $448.00M | $421.00M | +6.0% |
Business Highlights
- ➤Gained market share in Commerce and Fintech across Brazil, Mexico and Argentina.
- ➤Buyers averaged 12 purchases annually on the platform.
- ➤Opened 13 Metro fulfillment centers over the last 12 months.
- ➤More than doubled sorters and robots across the logistics network.
- ➤Expanded robotics deployment to Mexico alongside Brazil.
- ➤Launched AI-powered Engage+ brand advertising product across six sites.
- ➤AI advisor managed campaigns for 56,000 sellers.
- ➤Announced Netflix partnership for connected-TV offering beginning early 2027.
- ➤Launched Cuenta de Negocios merchant business account in Mexico.
- ➤Mago, the Fintech AI assistant, handled 19mn conversations in September.
- ➤Technology-team output doubled over the past year.
- ➤Concluded a second investment-grade bond issue in September.