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MELI: Latin America ecommerce scale now has a fintech balance-sheet test

MELIResearch reportPosted by Goglides ResearchMay 20, 2026
NASDAQMELICoverage BootstrapMercadoLibre, Inc.

Thesis summary

MercadoLibre reported FY2025 revenue of $28.9 billion and Q1 2026 revenue of $8.8 billion. The thesis depends on marketplace growth, fintech credit discipline, logistics investment, margin durability and cash conversion.

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MercadoLibre reported FY2025 revenue of $28.9 billion and Q1 2026 revenue of $8.8 billion. The thesis depends on marketplace growth, fintech credit discipline, logistics investment, margin durability and cash conversion.

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