MercadoLibre Q2 2024 revenue $5.07B (+42% YoY), net income $531M (+103% YoY)

MERCADOLIBRE INC

2024-Q2 EPS reported $17.26 revenue$9,406,000,000

Revenue $5.07B (+42% YoY, includes $484M shipping reporting update); GMV $12.6B, TPV $46.3B.
Net income $531M (10.5% margin, highest since Q1'17); income from operations $726M (14.3% margin).
Unique buyers +19% YoY (fastest since Q2'21); Fintech MAU 52M (+37% YoY); credit portfolio $4.9B (+51% YoY).
Brazil GMV FX-neutral +36% YoY; Mexico +30%; Argentina items sold returned to YoY growth.
Launched adjusted free cash flow as new non-GAAP measure; credit card TPV accelerated 208% YoY FX-neutral.

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