MercadoLibre Q2 revenue rises 34% to $6.8 billion; net income slips to $523 million
MercadoLibre reported second-quarter 2025 results, with net revenues and financial income up 34% year over year to $6,790 million. Net income of $523 million was down slightly year over year, and operating margin contracted as the company invested in free shipping and marketing, so shareholders get a mixed picture of growth alongside lower profitability.
Key points
- Net revenues and financial income of $6,790 million, up 34% year over year (53% on an FX-neutral basis)
- Net income of $523 million, a 7.7% margin, down slightly year over year on $117 million of FX losses and a higher tax rate
- Income from operations rose 14% year over year to $825 million, but the operating margin of 12.2% contracted by 210 basis points
- S&P upgraded the company to investment grade (BBB-) in July; Ariel Szarfsztejn becomes CEO on January 1, 2026, with Marcos Galperin moving to Executive Chairman
The filing
Written by AI on Nov 8, 2026, 1:21 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 04, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.