MELI earnings
Analysis, not adviceNext print
2026-11-04
cons 9.42 EPS / 10.57B rev
What the desk is testing
Explicit conditions that would change the desk's view — graded after the call.
Bull condition triggered: Revenue beats consensus by ≥3% AND op margin stabilizes or expands QoQ (≥11%) — this would confirm the logistics capex cycle is inflecting toward operating leverage, which is
Bull condition triggered: Fintech TPV growth accelerates above 35% YoY with no material deterioration in credit-loss provisions — this would confirm Mercado Crédito as a durable, high-margin compounde
＋2 more criteria on the deskfree trial · no cardFrom the desk's pre-read
MercadoLibre (MELI) is scheduled to report Q2 2026 earnings on 2026-08-05; consensus sits at $8.67 EPS · $9.74B revenue.
＋1 more — the full pre-read is on the deskfree trial · no cardThe desk's graded verdict
wobblinggraded 2026-08-06
PASSRevenue trajectory hold
“Net revenues & financial income of $10,169 million, up 50% YoY and 43% FX-neutral”
PASSEPS vs $8.67 consensus
“Diluted net income available to shareholders per common share $9.19”
Educational analysis, not a personalised recommendation. See all covered names on the earnings calendar · part of our public track record.