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Jun 30, 2025
MercadoLibre Q2 2025 Earnings Report
MercadoLibre reported strong growth in Q2 2025 with increased revenue, net income, and user engagement across key regions.
Key Takeaways
MercadoLibre posted solid Q2 2025 results, with net revenues reaching $6.79B and net income totaling $523M. Strong growth in fintech and e-commerce activity, particularly in Argentina and Brazil, contributed to the company’s performance. The fintech user base rose significantly, and marketplace engagement remained high.
Total net revenues and financial income rose to $6.79B, driven by fintech and commerce growth.
Net income reached $523M, slightly down YoY due to FX losses, but operating income grew to $825M.
Fintech monthly active users grew to 68 million, with expanding product usage and engagement.
Argentina delivered record GMV growth of 75% FX-neutral and strong unique buyer growth over 30% YoY.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
MercadoLibre plans to continue investing in fintech and free shipping strategies to drive growth and engagement.
Positive Outlook
- Ongoing expansion of free shipping in Brazil to drive conversions and retention.
- AI-powered search experience increases navigation time and user engagement.
- Fintech growth supported by rising MAUs and deeper product adoption.
- Argentina’s stabilization fueling strong consumer recovery and buyer growth.
- Advertising revenue growth bolstered by new ad integrations and data capabilities.
Challenges Ahead
- FX losses from Argentine peso devaluation pressured net income.
- Operating margin contracted due to higher shipping and marketing costs.
- Incremental free shipping and seller discounts reduced operating leverage.
- 1P mix impacted gross margin performance negatively.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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