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Mercado Libre MELI Q1 2026 earnings

Reported May 7, 2026 · After market close

Revenue$8.8BBeat by $552.8MDiluted EPS$8.23Miss by $0.52
Revenue estimate$8.3B
EPS estimate$8.75

Next report

Aug 5, 2026 (in a month)
Revenue estimate$9.7B
EPS estimate$8.69

Financials

Q1 2026

Income statement

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Revenue$8.8B+49.0%
Gross profit$3.9B+39.4%
Operating income$611.0M-19.9%
Net income$417.0M-15.6%
EPS (diluted)$8.23-15.5%

Balance sheet

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Cash & equivalents$15.1B+237%
Total debt$12.5B+59.0%
Total equity$7.3B+45.5%
Total assets$46.9B+69.5%

Cash flow

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Operating cash flow$2.1B+101%
CapEx$271.0M-0.4%
Free cash flow$1.8B+138%

Valuation & ratios

Q1 2026

Valuation

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Market cap$87.66B-11.4%
Enterprise value$84.98B-16.9%
P/E45.7×-2.3×
P/S2.8×-1.7×

Profitability

See full
Gross margin43.9%-2.3pp
Operating margin9.6%-3.2pp
Net margin6%-3.2pp
FCF margin37.2%+8.3pp

Returns & leverage

See full
Return on equity31.3%-17.8pp
Debt / equity1.7×+0.1×
Current ratio1.2×0.0×

Segments

By segment

See full
Brazil$4.8B+54.9%
Mexico$2.0B+61.7%
Argentina$1.7B+22.9%

Versus estimates

Revenue

Q1 2026$8.8BBeat by $552.8M
Q4 2025$8.8BBeat by $309.4MQ3 2025$7.4BBeat by $191.6MQ2 2025$6.8BBeat by $115.8MQ1 2025$5.9BBeat by $448.2MQ4 2024$6.1BBeat by $236.8M

Diluted EPS

Q1 2026$8.23Miss by $0.52
Q4 2025$11.03Miss by $0.42Q3 2025$8.32Miss by $0.80Q2 2025$10.31Miss by $1.62Q1 2025$9.74Beat by $1.47Q4 2024$12.61Beat by $2.40

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Questions, answered.

When did Mercado Libre report Q1 2026 earnings?
Mercado Libre (MELI) reported Q1 2026 earnings on May 7, 2026 after market close.
What were Mercado Libre's Q1 2026 revenue and EPS?
Mercado Libre reported revenue of $8.8B and diluted EPS of $8.23 for Q1 2026.
Did Mercado Libre beat estimates in Q1 2026?
Revenue beat the consensus estimate of $8.3B by $552.8M. EPS missed the consensus estimate of $8.75 by $0.52.
How did Mercado Libre's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 49.0% from $5.9B a year earlier and diluted EPS declined 15.5% from $9.74.
Where can I find Mercado Libre's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001099590-26-000014) and the 10-Q periodic report (0001099590-26-000017) directly on SEC EDGAR. The filing index links above go to sec.gov.