MercadoLibre Reports Strong Q3 2026 Growth Driven by Logistics Expansion and Credit Scaling
MercadoLibre (MELI) reported robust third-quarter 2026 results, highlighted by a 41% year-over-year FX-neutral revenue increase and $676 million in operating income. To secure long-term scale, management intentionally sacrificed 40 basis points of operating margin to fund significant investments in logistics fulfillment and affiliate marketing networks. The company expanded its fulfillment footprint by nearly 20% quarter-over-quarter and saw a massive 240% year-over-year surge in orders through its Brazilian affiliate marketing channel. Additionally, MercadoLibre's credit portfolio grew 62% year-over-year, with non-performing loans remaining stable at 7%, supported by proprietary e-commerce data used to assess borrower risk.
Tickers: $MELI
Topics: affiliate marketing earnings report logistics expansion operating income revenue growth