MercadoLibre, Inc. (MELI) Announced Q4 2025 Earnings on February 24, 2026, Reporting "Q4 revenues growing at 45% year-on-year""

MercadoLibre, Inc. reported its Q4 2025 financial results, highlighting that "Q4 revenues growing at 45% year-on-year," which marked "the 28th consecutive quarter of growth above 30%". Management addressed profitability, noting that deliberate investments generated margin pressure in "a range of between 5 and 6 points". These strategic investments included the "lowering of the shipping threshold that we did last year in Brazil," credit card investments across multiple countries, 1P growth, and cross-border trade.

The company shared multiple business milestones, achieving "record market share gains in e-commerce in Brazil and Mexico" and reaching "the highest NPS level in commerce and fintech in Argentina, Brazil and Mexico". The fintech segment remained highly active, as the company "issued nearly 3 million cards" in the fourth quarter alone. Management provided a positive update on credit card maturation, sharing that in Brazil, "cohorts that are older than 2 years are already profitable". The cross-border trade business is also scaling, with the company "expanding now to the China and the U.S. corridor".

Strategically, MercadoLibre highlighted its focus on AI and agentic commerce, deploying a new "MercadoPago's AI assistant" that is "helping mostly with solving questions and concerns from our users". Management emphasized they are dedicating engineering resources to "building our own agents and our own shopping assistant within MercadoLibre" to capture the shift from offline to online retail. When asked about future financial projections, management reiterated their standard policy, stating, "we don't guide".