---
schema_version: "secwatch.filing_event.v1"
accession: "0001099590-23-000010"
form_type: "8-K"
ticker: "MELI"
cik: "0001099590"
company_name: "MERCADOLIBRE INC"
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T00:10:24.495446+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# MercadoLibre Q1 2023 revenue $3.0B (+58.4% FX-neutral), operating income $340M, net income $201M

## Summary
- Net revenue $3.0B, up 58.4% FX-neutral; income from operations $340M (11.2% margin vs 6.2% a year ago).
- TPV $37.0B, up 96.1% FX-neutral; off-platform TPV grew >100% for 6th consecutive quarter.
- GMV $9.4B, up 43.3% FX-neutral; items sold accelerated to 16% YoY. Brazil GMV growth accelerated to 28%.
- Credit portfolio $3.0B; IMAL 38.8% annualized (down from 48.3% in Q4'22); NPL 1-90 day ratio fell to 9.5%.
- Net income $201M (6.6% margin); operating cash flow $859M vs. consumption in Q1'22.

## SEC filing metadata
- accession: 0001099590-23-000010
- form_type: 8-K
- ticker: MELI
- cik: 0001099590
- company_name: MERCADOLIBRE INC
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1099590/000109959023000010/0001099590-23-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1099590/000109959023000010/meli-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001099590-23-000010
- JSON: https://secwatch.observer/filing/0001099590-23-000010.json
- Plain text: https://secwatch.observer/filing/0001099590-23-000010.txt

## Key facts
- Earnings Releases
  MERCADOLIBRE INC reported the quarter ended March 31, 2023 results: revenue $3.0 billion.
  - Period: the quarter ended March 31, 2023
  - Revenue: $3.0 billion
  - Result: reported results
  source text: MercadoLibre, Inc. First Quarter 2023 Letter to Shareholders Net Revenues of $3.0 billion, up 58.4% year-over-year on an FX neutral basis Income from operations of $340 million, with a 11.2% margin $37.0 billion Total Payment Volume, up 96.1% year-over-year on an FX neutral basis $9.4 billion Gross Merchandise Volume, up 43.3% year-over-year on an FX neutral basis MONTEVIDEO, Uruguay, May 3rd, 2023 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq: MELI) (http://www.mercadolibre.com), Latin America’s leading e-commerce technology company, today reported financial results for the quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1099590/000109959023000010/0001099590-23-000010-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.