MELI reports $8.8 billion in Q1 2026 revenue but sees net income fall 16% to $417 million amid margin pressures and defaults.
MercadoLibre (NASDAQ: MELI) posted $8.8 billion in first-quarter 2026 revenue, a 49% annual increase, driven by growth in e-commerce and fintech segments. The company’s expansion in Mercado Pago and Mercado Credito offset competitive pressures from Amazon and smaller rivals.
Net income declined 16% year-over-year to $417 million, reflecting higher loan defaults and margin compression. The company had previously reported a 39% revenue rise in 2025, but profitability struggles persisted into early 2026.
MercadoLibre addressed loan losses by implementing AI-driven risk models and tighter lending limits, though challenges in its credit segment remain.