Slide 1: Investor Presentation Q2'26 Results
INVESTOR PRESENTATION Q2’26 Results
Slide 2: Disclaimers
Second Quarter 2026 DISCLAIMERS This presentation may contain forward-looking statements including, but GAAP to Non-GAAP reconciliations can be found in the Appendix not limited to, statements regarding MercadoLibre, Inc.'s expectations, section of this presentation. objectives and progress against
Slide 3: IR Content
Second Quarter 2026 IR CONTENT MELI Content for Investors PODCAST 2025 IMPACT THOUGHT REPORT LEADERSHIP Listen here Access here IR Newsletter MercadoLibre, Inc. I 3
Slide 4: New Investor Presentation Available
Second Quarter 2026 IR CONTENT New Investor Presentation Available Our new investor presentation is now available here, offering a comprehensive view of MercadoLibre's trajectory, footprint and operations across Latin America, as well as the key avenues powering our growth story. MercadoLibre, Inc.
Slide 5: Operational & Financial Highlights
Second Quarter 2026 Operational & Financial Highlights GMV ITEMS SOLD TPV CREDIT PORTFOLIO US$21.9BN 795.4MM US$101.0BN US$16.4BN +44% YoY +36% FXN YoY +45% YoY +56% YoY +56% FXN YoY +75% YoY NET REVENUES AND INCOME FROM OPERATIONS NET INCOME ADJUSTED FREE CASH FINANCIAL INCOME FLOW1 US$10.2BN US$68
Slide 6: Quarterly KPIs
Second Quarter 2026 1. QUARTERLY KPIs
Slide 7: Marketplace Highlights: Unique Active Buyers
Second Quarter 2026 1. Quarterly KPIs Marketplace Highlights Unique Active Buyers1 (MM) 89.3 83.2 84.1 76.8 Unique Active Buyers growing 26% YoY 70.8 We added almost 19MM Unique Active Buyers YoY, and growth was fastest in Brazil, where we continue to see the compounding impact of the lower free shi
Slide 8: Marketplace Highlights: GMV and Items Sold by Country
Second Quarter 2026 1. Quarterly KPIs Marketplace Highlights Growth remains strong in Brazil, while weaker consumer demand in Argentina and Mexico led to slower GMV growth rates Gross Merchandise Volume1 Items Sold1 (FX-Neutral YoY Growth) (% YoY Growth) Q2’25 Q1’26 Q2’26 Q2’25 Q1’26 Q2’26 75% 56% 5
Slide 9: Marketplace Highlights: Same & Next Day Shipments
Second Quarter 2026 1. Quarterly KPIs Marketplace Highlights Same & Next Day Shipments (MM) 225 199 191 173 163 Same & Next Day Shipments +38% YoY We continue to scale fast delivery across the network Q2'25 Q3’25 Q4’25 Q1'26 Q2'26 Growth 28% 28% 29% 39% 38% YoY MercadoLibre, Inc. I 9
Slide 10: Marketplace Highlights: Items Sold per Buyer
Second Quarter 2026 1. Quarterly KPIs Marketplace Highlights Items Sold per Unique Active Buyer (Units) 9.0 Items Sold per Unique Active Buyer 8.9 up 14% YoY 8.6 Growth was led by Brazil, where items per buyer grew 19% YoY, highlighting 8.3 the success of our strategic initiatives in driving engagem
Slide 11: Fintech Services Highlights: Monthly Active Users
Second Quarter 2026 1. Quarterly KPIs Fintech Services Highlights Fintech Monthly Active Users1 (MM) 88.0 82.9 77.9 72.2 MAU growing 30% YoY 67.6 Market-leading NPS in Brazil, Mexico, Argentina and Chile is attracting more users to Mercado Pago, with Brazil and Mexico experiencing MAU growth above t
Slide 12: Fintech Services Highlights: AUM and Credit Portfolio
Second Quarter 2026 1. Quarterly KPIs Fintech Services Highlights AUM and Credit Portfolio grew 68% and 75% YoY respectively, as engagement with Mercado Pago deepened Assets Under Management1 Credit Portfolio (US$ MM) (US$ MM; % share of total) Consumer Credit Card Merchant Asset-backed 3 23,214 +68
Slide 13: Fintech Services Highlights: Net Interest Margin After Losses
Second Quarter 2026 1. Quarterly KPIs Fintech Services Highlights Net Interest Margin After Losses (% of avg portfolio) 23.0% 23.3% Solid NIMAL of 20.7% 21.0% 20.7% NIMAL improved sequentially as 17.8% provisioning normalized in the Brazil consumer portfolio. There was some compression YoY, primaril
Slide 14: Fintech Services Highlights: Asset Quality
Second Quarter 2026 1. Quarterly KPIs Fintech Services Highlights Asset quality remained robust, with the 15-90 day NPL of 7.0% close to historic lows Past Dues 15-90 & >90 Provision Coverage ( % NPLs1 / Total Portfolio) (% Allowance of Doubtful Accounts / NPLs) 15-90 days past due > 90 days past du
Slide 15: Acquiring Highlights
Second Quarter 2026 1. Quarterly KPIs Acquiring Highlights Acquiring TPV growth remains stable at a high level, with all countries posting strong growth rates Acquiring TPV1 Acquiring TPV1 per Segment (US$ BN) (FX-Neutral YoY Growth) Acquiring ON Acquiring OFF Q2’25 Q1’26 Q2’26 101% 64.1 55.7 56.0 4
Slide 16: Financial Metrics
Second Quarter 2026 2. FINANCIAL METRICS
Slide 17: Commerce
Second Quarter 2026 2. Financial Metrics Commerce Commerce Net Revenues (US$ M, % FXN growth) 1 Commerce services Commerce products sales FX-Neutral YoY Growth 45% 38% 37% 39% 40% 5,762 Commerce revenue +40% YoY FXN 4,978 4,868 1,461 3P take rate broadly stable YoY, with 4,174 1,215 higher shipping
Slide 18: Fintech Services
Second Quarter 2026 2. Financial Metrics Fintech Services Fintech Net Revenues per Quarter (US$ MM, %) Financial services and income Credit revenues 1 Fintech products sales YoY FXN Growth 63% 65% 61% 54% 47% Fintech revenue grew 47% YoY FXN 4,407 3,977 16 Fintech take rate compressed 20bps 3,781 18
Slide 19: Margin Evolution
Second Quarter 2026 2. Financial Metrics Margin Evolution Margins broadly stable QoQ. YoY compression reflecting deliberate investments to strengthen engagement and long- term growth. Income from Operations and Margin Net Income and Margin (US$ MM, % of Net Revenues) (US$ MM, % of Net Revenues) 12.2
Slide 20: Income from Operations Margin
Second Quarter 2026 2. Financial Metrics Income from Operations Margin -550 bps Higher bad debt provisions relate 12.2% mostly to the 75% YoY growth of the credit portfolio, with $952MM of incremental revenue YoY 1.2% 6.7% (4.7)% 0.5% (2.4)% (0.1)% Income From Operations COGS Bad Debt Sales and Mark
Slide 21: Net Income Margin
Second Quarter 2026 2. Financial Metrics Net Income Margin -310bps 7.7% 1.3% 4.6% 1.5% (5.5)% (0.4)% Net Income Margin Q2'25 COGS + OPEX Interest income & expense, net Tax Foreign Exchange Net Income Margin Q2'26 Figures on this slide have been rounded to the nearest unit. As a result, totals may no
Slide 22: Adjusted Free Cash Flow
Second Quarter 2026 2. Financial Metrics Adjusted Free Cash Flow Q2’26 Adjusted Free Cash Flow1 (US$ MM) Total cash, restricted cash and investments Q1 2026 2 18,810 3 Available cash and investments Q1 2026 6,597 Cash from Operations 3,662 Reconciliation adjustments 4 32 Adjusted free cash flow of $
Slide 23: Net Debt
Second Quarter 2026 2. Financial Metrics Net Debt1 Debt Breakdown and Available Cash2 (US$ MM) 6,425 5,748 4,682 2,550 2,418 4,605 3,830 2,199 2,357 Fintech Debt 2,037 2,328 1,677 2,488 1,661 1,694 Net Debt1 Excluding Fintech Debt, Operating Lease Liabilities Commerce, Corporate 6,705 7,599 8,269 mu
Slide 24: Revenue & Financial Factsheet
Second Quarter 2026 REVENUE & 3. FINANCIAL FACTSHEET
Slide 25: Net Revenue Breakdown by Products and Services
3. Revenue & Second Quarter 2026 Financial Factsheet Net Revenue Breakdown by Products and Services Q2’261 & Q2’252 Brazil Mexico Argentina Others Total (US$ MM) 2Q26 2Q25 2Q26 2Q25 2Q26 2Q25 2Q26 2Q25 2Q26 2Q25 Commerce Services (a) 2,400 1,616 1,114 803 536 440 251 169 4,301 3,028 Commerce Product
Slide 26: Operational & Financial Factsheet
3. Revenue & Second Quarter 2026 Financial Factsheet Operational & Financial Factsheet Volumes (US$ MM, % YoY growth) Users (MM, % YoY growth) Net Revs. per Segment1 (US$ MM, % YoY US$ growth) GMV (FX-Neutral growth) $21,926 35.8% Unique Active Buyers (units) 89.3 26.2% Brazil $5,530 59.2% Items Sol
Slide 27: Appendix
Second Quarter 2026 4. Appendix
Slide 28: Definitions
Second Quarter 2026 APPENDIX Definitions Commerce Revenues from core marketplace fees, shipping fees, first-party sales, ad sales, classified fees, membership subscription fees and other ancillary services. Revenues include fees from off-platform transactions, financing fees, interest earned from me
Slide 29: Non-GAAP Reconciliation
Second Quarter 2026 APPENDIX Non-GAAP Reconciliation Three months ended June 30, Revenue Year-Over-Year Growth Rates 2026 USD FX Neutral Commerce 50% 40% Fintech 49% 47% Total MELI 50% 43% MercadoLibre, Inc. I 29
Slide 30: Non-GAAP Reconciliation
Second Quarter 2026 APPENDIX Non-GAAP Reconciliation Three Months Ended June 30, FX Neutral As reported FX Neutral Measures As reported Percentage Percentage Change Change 2026 2025 2026 2025 (In millions, except percentages) (In millions, except percentages) Net revenues and financial income $10,16
Slide 31: Non-GAAP Reconciliation
Second Quarter 2026 APPENDIX Non-GAAP Reconciliation Three Months Ended Adjusted EBITDA June 30, 2026 2025 (In millions) Net income $466 $523 Adjustments: Depreciation and amortization 292 199 Interest income and other financial gains, net (30) (44) Interest expense and other financial losses 62 36
Slide 32: Non-GAAP Reconciliation
Second Quarter 2026 APPENDIX Non-GAAP Reconciliation Net Debt June 30, 2026 December 31, 2025 (In millions) Current Loans payable and other financial liabilities $6,482 $4,623 Non-current Loans payable and other financial liabilities 4,144 4,570 Current Operating lease liabilities 513 430 Non-curren
Slide 33: Non-GAAP Reconciliation
Second Quarter 2026 APPENDIX Non-GAAP Reconciliation Six Months Ended June 30, Three Months Ended June 30, Adjusted free cash flow and Net increase in available cash, investments and 2026 2025 2026 2025 digital assets (In millions) (In millions) Net cash provided by operating activities ("CFO") $5,7
Slide 34: Investor Relations
Investor Relations investor@mercadolibre.com MercadoLibre, Inc. http://investor.mercadolibre.com