MercadoLibre stock gains 9.67 percent as Q2 growth holds

Published on 10/05/2026 at 23:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MercadoLibre stock gained 9.67 percent on October 5, while Q2 revenue reached USD 10.169 billion. GMV rose 44 percent, but operating margin narrowed to 6.7 percent.

MELI, US58733R1023, Illustration mit AI erstellt.

MercadoLibre stock (ISIN US58733R1023) was last at USD 1,860.61 on Nasdaq on October 5, 2026 at 4:00 p.m. ET, up 9.67 percent from the previous session. The move followed renewed attention to second-quarter growth, with revenue reaching USD 10.169 billion, up 49.76 percent year over year, according to Zacks.

Revenue clears USD 10 billion

The Q2 2026 revenue figure exceeded the Zacks consensus estimate by 4.07 percent, while diluted earnings per share reached USD 9.19 against a consensus estimate of USD 8.69. The comparison matters because the top line expanded rapidly even as profitability came under pressure.

Business Wire reported that Q2 2026 income from operations was USD 683 million, equal to a 6.7 percent margin, while net income was USD 466 million and a 4.6 percent margin.

GMV growth stays in double digits

Gross merchandise volume reached USD 21.9 billion in Q2 2026, up 44 percent year over year, while items sold climbed 45 percent to 795.4 million, according to Yahoo Finance. Unique active buyers reached 89.3 million, and items sold per buyer increased 14 percent, giving the marketplace a second growth lever beyond new customer acquisition.

Brazil remained the largest operating engine, with items sold increasing 56 percent year over year in Q2 2026. Mexico delivered 26 percent FX-neutral GMV growth, while Argentina posted 38 percent FX-neutral GMV growth, showing that the platform's expansion is spread across several major markets.

Margin pressure remains visible

The central trade-off is visible in the earnings mix. Operating income declined 17 percent year over year to USD 683 million, and the 6.7 percent operating margin was 550 basis points below the year-ago level as MercadoLibre continued investing in shipping, credit cards, inventory and user acquisition.

Zacks currently assigns MercadoLibre a Rank #4, or Sell, while its Q2 review cited downward estimate revisions in the month before October 5, 2026. That view contrasts with the company's operating growth and leaves margin recovery as the key test for the next report.

MercadoLibre stock remains below its high

MercadoLibre stock was last at USD 1,860.61 on Nasdaq on October 5, 2026 at 4:00 p.m. ET. Its 52-week range is USD 1,495 to USD 2,428, and its market capitalization is USD 94.3 billion as of the same date.