Added to YB: 2026-05-12
Pitch date: 2026-05-08
MELI [neutral]
MercadoLibre, Inc.
-5.12%
current return
Author Info
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Company Info
MercadoLibre, Inc. operates online commerce platforms in Brazil, Mexico, Argentina, and internationally.
Market Cap
$82.8B
Pitch Price
$1.6K
Price Target
N/A
Dividend
N/A
EV/EBITDA
20.00
P/E
43.11
EV/Sales
2.81
Sector
Broadline Retail
Category
growth
MercadoLibre Earnings
MELI (earnings): Q1 rev $8.8B (+49% YoY) beat est by 5.7%, fastest growth since Q2'22; EPS $8.23 missed by 6.4%. Op margin fell to 6.9% (-590bps YoY) on strategic investments: free shipping, logistics, credit cards. FCF margin 20.4% (+730bps). Credit portfolio $14.6B (+88% YoY) pressuring NIMAL to 17.8% (-550bps QoQ); NPL>90 rose to 17.6%. Brazil rev +55%, Mexico +62%. GMV +42%, TPV +50%, 2.7M cards issued. AI search live in Brazil/Mexico/Argentina. Mgmt prioritizing LT growth over margins, seeing LATAM as generational opportunity. Trading 2.8x EV/Sales, 36.8x fwd P/E near ATL despite accelerating growth.
Read full article (13 min)