MercadoLibre Reports Q3 2026 Results with 41% Revenue Growth and Strong Fintech Expansion
MercadoLibre (MELI) reported strong third-quarter 2026 financial results, headlined by net revenue of $10.75 billion, representing a 41% increase on an FX-neutral basis. The growth was driven by robust performance across its core markets in Brazil, Mexico, and Argentina. Gross Merchandise Volume (GMV) reached $23 billion, up 33% FX-neutrally, while Total Payment Volume (TPV) surged to $109 billion, reflecting deep fintech penetration among marketplace users. The company's fintech segment continues to scale rapidly, with monthly active users reaching 93 million and the credit portfolio growing 62% year-over-year. While income from operations saw a slight margin contraction due to increased shipping and marketing investments, advertising revenue rose 51% on an FX-neutral basis thanks to AI integration. Despite industry-wide credit headwinds in Brazil, non-performing loans remained stable, supporting a healthy outlook for the expanding ecosystem.
Tickers: $MELI
Topics: Credit Portfolio Fintech Growth Gross Merchandise Volume Net Revenue Operating Margin