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Compared to Estimates, MercadoLibre (MELI) Q3 Earnings: A Look at Key Metrics

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MercadoLibre (MELI - Free Report) reported $10.75 billion in revenue for the quarter ended September 2026, representing a year-over-year increase of 45.1%. EPS of $8.83 for the same period compares to $8.32 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $10.66 billion, representing a surprise of +0.88%. The company delivered an EPS surprise of -6.16%, with the consensus EPS estimate being $9.41.

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.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

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: $22.82 billion versus $22.28 billion estimated by three analysts on average.
  • Total payment volume: $108.8 billion compared to the $108.96 billion average estimate based on two analysts.
  • Geographic Revenue- Brazil: $6 billion compared to the $6 billion average estimate based on two analysts. The reported number represents a change of +49.7% year over year.
  • Geographic Revenue- Other countries: $502 million versus the two-analyst average estimate of $492.57 million. The reported number represents a year-over-year change of +63%.
  • Geographic Revenue- Mexico: $2.43 billion compared to the $2.54 billion average estimate based on two analysts. The reported number represents a change of +47.1% year over year.
  • Geographic Revenue- Argentina: $1.82 billion compared to the $1.84 billion average estimate based on two analysts. The reported number represents a change of +26.2% year over year.

View all Key Company Metrics for MercadoLibre here>>>

Shares of MercadoLibre have returned -10.5% over the past month versus the Zacks S&P 500 composite's -2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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