MercadoLibre stock holds near $1,966 after a 49.8% revenue jump
Published on 09/01/2026 at 07:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
MercadoLibre stock is holding near $1,966 after a second-quarter report that showed revenue rising 49.8% to $10.17 billion and earnings of $9.19 per share. The latest reading also put the company's market value at $99.68 billion as of August 31, 2026.
According to a recent market report, those numbers came from MercadoLibre's earnings release on August 5, 2026, which also showed revenue above the $9.79 billion estimate and EPS $0.54 ahead of consensus. That combination matters because it pairs fast top-line growth with a clear earnings beat.
Quarterly growth stayed strong
Operational detail from the same report showed a net margin of 5.30% and return on equity of 26.54% for the quarter. Revenue in the period was up 49.8% year over year, which is the clearest quantified comparison in the latest set of figures.
Brazil remained a key driver. Items sold in Brazil increased 56% year over year in the second quarter of 2026, while FX-neutral GMV rose 39% and unique active buyers globally increased by almost 19 million.
Analysts still lean positive
Sell-side expectations in the latest market report point to 39.11 EPS for the current fiscal year, while the consensus target price sits at $2,272. The same update said 11 analysts rate the shares Buy and six rate them Hold, which leaves the stock in Moderate Buy territory.
The valuation backdrop remains elevated versus the broader market view inside that report, with a P/E ratio of 53.47 and a forward price target that sits above the latest quoted share level. That gap helps explain why the reaction to every new operating data point remains so important.
Brazil still carries weight
MercadoLibre's free-shipping push in Brazil continues to shape the business mix. The latest operating commentary said conversion improved by 1.1 percentage points year over year in the quarter and that the share of Brazilian buyers purchasing across three or more categories monthly expanded by 10 percentage points over the past year.
Items sold per unique active buyer in Brazil climbed 19% year over year, while ecosystemic user growth in Brazil accelerated to almost 50% year over year. For investors, that mix matters because it suggests deeper shopping behavior rather than a one-off traffic spike.
What it sells
MercadoLibre's core platform combines online marketplace tools with logistics, advertising, classifieds, and payment services across Latin America. The business model now links commerce and fintech more tightly than a simple retail marketplace.
Price and market view
MercadoLibre shares opened at $1,966.25 on August 31, 2026, with a 52-week range of $1,495.00 to $2,548.50. The stock also carried a market capitalization of $99.68 billion on that reading.
Fact box
Company: MercadoLibre, Inc.
ISIN: US58733R1023
Ticker: MELI
Exchange: NASDAQ
Sector / Industry: Consumer Discretionary / Internet Retail
Index membership: Nasdaq-100
