MercadoLibre Q1 2026 revenue up 49% to $8.8 billion, but net income falls 16% on credit-card provisions

MercadoLibre reported first-quarter 2026 revenue of $8.85 billion, up 49%, above the roughly $8.3 billion analysts expected. Net income fell 16% to $417 million, below expectations, as operating income dropped 20% to $611 million. The credit portfolio, which grew 87%, and rising provisions drove the margin squeeze. The company gave no numeric guidance and said margins would not change materially in the near term.

• Revenue $8,845M, up 49% (46% FX-neutral)
• Operating income $611M, down 20%; 6.9% margin
• Net income $417M, down 16%; diluted EPS $8.23 vs $9.74
• Credit portfolio $14.6B, up 87%; credit card book $6.6B; 2.7M cards issued
• TPV $87.2B, up 50%; GMV $19.0B, up 42%; 84M unique active buyers

SEC filing 8-K · accession 0001099590-26-000014 · sec.gov ↗