MercadoLibre Sales Surge 43% in Q2 Driven by E-commerce and FinTech Synergy

Key Facts

1MercadoLibre reported 43% year-over-year net sales growth in Q2 2026.

2Brazil accounts for 54.4% of the company's revenue, with potential upside from improving economic conditions.

3Citigroup maintains a Neutral rating and a hold recommendation for MELI stock.

MercadoLibre reported a 43% year-over-year increase in net sales for the second quarter of 2026, according to Financial Modeling Prep. The synergy between its marketplace and Mercado Pago fintech platform drove a 37% rise in cross-service users, who generated significantly higher payment volumes and purchase activity during the period.

MELI closed at $1,892.44 on October 12, 2026, with Brazil accounting for 54.4% of the company's total revenue amid potential upside from improving economic conditions. Following these results, Citigroup maintained a Neutral rating and a hold recommendation for the stock; Citigroup's own shares (C) closed at $131.93 on October 12, 2026.