Current Liabilities

Payables to Brokerage Clients

Mercado Libre Payables to Brokerage Clients increased by 8.6% to $14.15B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 91.4%, from $7.39B to $14.15B. Over 5 years (FY 2020 to FY 2025), Payables to Brokerage Clients shows an upward trend with a 49.7% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementBalance Sheet Statement
SectionCurrent Liabilities
CategoryLiquidity
SignalHigher is better
VolatilityVolatile
First reportedQ3 2025
Last reportedQ1 2026

How to read this metric

Growth indicates increased user trust and platform adoption in financial services, while a decrease may signal lower user engagement or capital outflows.

Detailed definition

Funds held by the company on behalf of brokerage or fintech platform clients, representing cash balances available for w...

Peer comparison

Specific to fintech and brokerage firms; reflects the size of the platform's deposit base.

Metric ID: payables_to_brokerage_clients

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$1.84B$1.99B$2.39B$2.48B$2.53B$2.56B$3.45B$3.25B$3.73B$4.02B$4.48B$5.06B$5.40B$5.85B$6.95B$7.39B$9.38B$10.57B$13.03B$14.15B
QoQ Change+8.0%+20.4%+3.8%+1.8%+1.2%+35.0%-5.8%+14.8%+7.6%+11.4%+13.1%+6.8%+8.4%+18.8%+6.3%+26.9%+12.7%+23.3%+8.6%
YoY Change+37.5%+28.7%+44.3%+31.0%+47.7%+57.0%+29.6%+55.5%+44.7%+45.8%+55.4%+46.1%+73.6%+80.5%+87.4%+91.4%
Range$1.84B$14.15B
CAGR+53.6%
Avg YoY Growth+53.5%
Median YoY Growth+46.9%
Current Streak12 quarters growth

Frequently Asked Questions

What is Mercado Libre's payables to brokerage clients?
Mercado Libre (MELI) reported payables to brokerage clients of $14.15B in Q1 2026.
How has Mercado Libre's payables to brokerage clients changed year-over-year?
Mercado Libre's payables to brokerage clients increased by 91.4% year-over-year, from $7.39B to $14.15B.
What is the long-term trend for Mercado Libre's payables to brokerage clients?
Over 5 years (2020 to 2025), Mercado Libre's payables to brokerage clients has grown at a 49.7% compound annual growth rate (CAGR), from $1.73B to $13.03B.
What does payables to brokerage clients mean?
Cash held by the company that belongs to its financial services customers.