Mercado Libre Caps Stellar 2025 Performance with 45% YoY Revenue Growth in Q4 as Strategic Investments Accelerate Market Share Gains

About this update from Mercadolibre, Inc.

MONTEVIDEO, Uruguay, February 24, 2026--(BUSINESS WIRE)--Mercado Libre (NASDAQ: MELI), Latin America's leading e-commerce and fintech platform, today announced fourth quarter and full year 2025 financial results. This quarter, Mercado Libre delivered net revenue and financial income of $8.8 billion, a 45% YoY increase. This caps a year of sustained momentum with full year revenue increasing 39% YoY and income from operations growing 22% YoY. Strategic investments are driving growth, strengthening our market positioning across the region while delivering record NPS in Commerce and Fintech in Brazil, Mexico, and Argentina. Mercado Libre's Commerce business delivered outstanding results as investments in free shipping, fulfillment, user experience, and assortment accelerated performance across all major markets, with GMV reaching $19.9 billion, growing 37% in USD YoY in Q4 2025. Unique buyers in the quarter crossed the 80 million mark for the first time, with a record 16 million more users YoY joining the platform, showing how successful our investments are in bringing people online. Mercado Libre's fulfillment network continues to be a key competitive advantage as the fastest network in the region, delivering 75% of fast shipments within 48 hours. Unit shipping costs in fulfillment fell year-over-year in Brazil, Mexico, Chile, and Colombia as the growth in users and purchase frequency led to greater scale. In Brazil, the lower free shipping threshold was central to items sold growing 45% YoY, and FX-neutral GMV increasing 35% YoY. New buyers purchased more items across a larger number of categories with higher retention than cohorts that joined prior to the lower free shipping launch. This confirms that the investments in free shipping offering are bringing new buyers and driving higher purchase frequency. This momentum culminated in a record-breaking Black Friday in Brazil, achieving the highest ever daily sales volume for Mercado Libre. Performance was equally robust across other key markets during Q4 in Mexico, FX-neutral GMV grew 35% YoY and items sold rose 45% YoY, while Argentina delivered growth of 42% YoY FX-neutral GMV and 36% YoY in items sold. In 2025, Mercado Pago achieved leading NPS in Brazil, Mexico, Argentina and Chile confirming that its value proposition is resonating with users. This milestone shows major progress on Mercado P...

View stock analysis, news, and events for Mercadolibre, Inc.