---
schema_version: "secwatch.filing_event.v1"
accession: "0001099590-24-000015"
form_type: "8-K"
ticker: "MELI"
cik: "0001099590"
company_name: "MERCADOLIBRE INC"
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-02T23:53:09.332171+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# MercadoLibre Q1 revenue $4.3B (+36% YoY), net income $344M (+71%)

## Summary
- Revenue $4,333M, up 36% YoY (94% FX-neutral); net income $344M, +71% YoY.
- GMV $11.4B (+20% YoY); TPV $40.7B (+35% YoY); fintech MAUs 49M (+38%).
- Brazil revenue +57% YoY, Mexico +59%; Argentina revenue -22% YoY due to devaluation.
- Commerce revenue +49% YoY; Fintech +22%; credit portfolio $4.4B (+46% YoY).
- Income from operations $528M (12.2% margin); advertising revenue +64% YoY; net debt/EBITDA 0.5x.

## SEC filing metadata
- accession: 0001099590-24-000015
- form_type: 8-K
- ticker: MELI
- cik: 0001099590
- company_name: MERCADOLIBRE INC
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1099590/000109959024000015/0001099590-24-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1099590/000109959024000015/meli-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001099590-24-000015
- JSON: https://secwatch.observer/filing/0001099590-24-000015.json
- Plain text: https://secwatch.observer/filing/0001099590-24-000015.txt

## Key facts
- Earnings Releases
  MERCADOLIBRE INC reported the quarter ended March 31, 2024 results: revenue $4.3 billion, net income $344 million.
  - Period: the quarter ended March 31, 2024
  - Revenue: $4.3 billion
  - Net income: $344 million
  - Result: reported results
  source text: $4.3bn growing strongly in both Commerce and Fintech, and net income up 71% YoY to $344mn, driven by excellent results in Brazil and Mexico. Net revenues and financial income of $4.3 billion, up 36% year-over-year and 94% on an FX neutral basis Income from operations of $528 million, with a 12.2% margin Net income of $344 million, with a 7.9% margin $40.7 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/1099590/000109959024000015/0001099590-24-000015-index.htm

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