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Compared to Estimates, MercadoLibre (MELI) Q2 Earnings: A Look at Key Metrics
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For the quarter ended June 2026, MercadoLibre (MELI - Free Report) reported revenue of $10.17 billion, up 49.8% over the same period last year. EPS came in at $9.19, compared to $10.31 in the year-ago quarter.
The reported revenue represents a surprise of +4.07% over the Zacks Consensus Estimate of $9.77 billion. With the consensus EPS estimate being $8.69, the EPS surprise was +5.75%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how MercadoLibre performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Gross merchandise volume: $21.93 billion versus the three-analyst average estimate of $21.02 billion.
Total payment volume: $100.95 billion versus the two-analyst average estimate of $94.53 billion.
Geographic Revenue- Fintech- Mexico: $887 million versus $848.17 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +72.6% change.
Geographic Revenue- Fintech- Other countries: $138 million compared to the $137.17 million average estimate based on two analysts. The reported number represents a change of +72.5% year over year.
Geographic Revenue- Brazil: $5.53 billion versus $5.19 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +59.2% change.
Geographic Revenue- Argentina: $1.84 billion compared to the $1.98 billion average estimate based on two analysts. The reported number represents a change of +20.4% year over year.
Geographic Revenue- Mexico: $2.34 billion versus the two-analyst average estimate of $2.18 billion. The reported number represents a year-over-year change of +55.2%.
Geographic Revenue- Fintech- Argentina: $1.18 billion compared to the $1.32 billion average estimate based on two analysts. The reported number represents a change of +17.4% year over year.
Geographic Revenue- Commerce- Brazil: $3.33 billion compared to the $3.1 billion average estimate based on two analysts. The reported number represents a change of +56.9% year over year.
Geographic Revenue- Commerce- Argentina: $657 million versus $657.94 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +26.4% change.
Revenues- Fintech: $4.41 billion versus the three-analyst average estimate of $4.37 billion. The reported number represents a year-over-year change of +49.3%.
Revenues- Commerce: $5.76 billion versus the three-analyst average estimate of $5.41 billion. The reported number represents a year-over-year change of +50.1%.
Shares of MercadoLibre have returned +4.1% over the past month versus the Zacks S&P 500 composite's +3.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
View the Zacks #1 Rank List
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Compared to Estimates, MercadoLibre (MELI) Q2 Earnings: A Look at Key Metrics
For the quarter ended June 2026, MercadoLibre (MELI - Free Report) reported revenue of $10.17 billion, up 49.8% over the same period last year. EPS came in at $9.19, compared to $10.31 in the year-ago quarter.
The reported revenue represents a surprise of +4.07% over the Zacks Consensus Estimate of $9.77 billion. With the consensus EPS estimate being $8.69, the EPS surprise was +5.75%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how MercadoLibre performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for MercadoLibre here>>>
Shares of MercadoLibre have returned +4.1% over the past month versus the Zacks S&P 500 composite's +3.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.