Mercado Libre revenue rises 45% as Mexico payments users grow

November 4, 2026. Mercado Libre reported $10.75 billion in net revenue and financial income for the third quarter, up 45% from a year earlier. Operating income was $676 million, a 6.3% margin, compared with $724 million a year earlier. Net income reached $448 million.

Why it matters

The company said Mercado Pago surpassed 18 million monthly active financial-services users in Mexico. Group-wide payment volume reached $109 billion, up 53% year over year, while gross merchandise volume totaled $23 billion.

Rockstar Briefing analysis

The results show the regional reach of combining commerce and financial services, though higher revenue did not produce higher operating income. Investors should watch whether spending on delivery and promotion builds repeat usage without prolonged pressure on margins.

Sources: Mercado Libre announcement and Form 8-K and shareholder letter.