{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Earnings Debate","title":"MercadoLibre, Inc. (MELI) Announced Q2 2026 Earnings on August 5, 2026, Reporting \"Net revenue surpassed $10 billion for the first time, growing 50% year-on-year\"","html":"","width":"100%","height":180,"duration":1189,"description":"MercadoLibre, Inc. reported its Q2 2026 financial results, announcing that \"Net revenue surpassed $10 billion for the first time, growing 50% year-on-year\" for the quarter.The company delivered \"Income from operations was $683 million, with a margin of 6.7%\". Management explained that the quarter's EBIT margin \"was down 550 basis points year-on-year\" as they continue to \"prioritize long-term strategic investments over short-term profitability.\" The company also reported that it \"generated $214 million in adjusted free cash flow for the quarter\" after absorbing \"capital expenditure of $441 million\" and investing \"$2.1 billion into the growth of our credit book.\"Key business updates highlighted the performance of the company's credit and commerce segments.The credit portfolio reached \"$16.4 billion in Q2, growing 75% year-on-year\" with a \"15- to 90-day NPL in Q2 was 7.0% for the total portfolio and 4.6% for the credit card specifically.\" In Brazil, \"items per buyer grew 19% year-on-year in Q2\" following the decision last year to lower the free shipping threshold, and conversion in Brazil increased by \"1.1 percentage points year-on-year.\" In the cross-border trade segment, GMV grew \"approximately at 60% year-over-year\" while volume coming from the Chinese fulfillment center increased \"170% quarter-over-quarter.\"The company also highlighted its progress with artificial intelligence initiatives and the affiliate channel.MercadoLibre \"invested about $80 million on AI this quarter compared to a year ago\" and reported that its product development scaled from \"8.4% of revenues to 7.2% of revenues year-on-year.\" The company noted that the affiliate GMV share grew across every market in Q2, with affiliate buyers demonstrating \"materially higher platform retention than non-affiliate buyers.\" No specific quantitative forward financial guidance figures were provided during the call, as management reiterated their standard long-term focus.","thumbnail_url":"https://img.transistorcdn.com/xJuh_6koFF8CKKFzV-oIB_PzOA86GyxN802qWUMHjC4/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS80ODli/Mjg2OGQ5YjVkMzU2/Yjg0NzMxNTJiZGRj/NzFjOC5qcGVn.webp","thumbnail_width":300,"thumbnail_height":300}