MercadoLibre Reports 39% Revenue Growth to $7.41 Billion in Q3, Exceeding Estimates

Latin American e-commerce and fintech giant MercadoLibre announced robust third-quarter 2025 financial results, with revenue climbing 39% year-over-year to $7.41 billion. This figure surpassed analyst estimates of $7.2 billion, signaling continued strong top-line performance for the company. Despite the revenue beat, net income for the quarter stood at $421 million, missing projections of $489 million, while earnings per share (EPS) of $8.32 also fell short of consensus estimates.

The company's growth was underpinned by a significant expansion in its user base, reaching 77 million unique buyers, a 26% increase from the previous year. This surge in active users contributed to a Gross Merchandise Volume (GMV) of $16.5 billion, up 28% year-over-year, and a Total Payment Volume (TPV) that soared 41% to $71.2 billion. MercadoLibre's strategic investments in its logistics network and reduced free shipping thresholds in Brazil were cited as key drivers for increased buyer engagement and market share gains.

MercadoLibre's commerce segment saw strong momentum, particularly in Brazil and Mexico, which posted substantial foreign exchange-neutral GMV growth. The fintech arm, Mercado Pago, also experienced accelerated growth, with monthly active users increasing by 29% to 72.2 million and the credit portfolio expanding by 83.2% to $11.02 billion. The company reported an operating income of $724 million, representing a 30% year-over-year increase and a 9.8% margin.

However, the company faced some margin pressures, attributed to ongoing strategic investments in growth initiatives and a competitive environment in Brazil. Higher funding costs in Argentina also impacted consumption and the company's EBIT margins. Despite these challenges, MercadoLibre remains optimistic about its long-term potential, focusing on sustainable growth and financial inclusion across Latin America.