secwatch.observer — SEC 8-K summary
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Issuer:     MERCADOLIBRE INC (MELI)
CIK:        0001099590
Form:       8-K
Filed at:   2026-02-24T23:59:59+00:00
Accession:  0001099590-26-000003
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MercadoLibre Q4 revenue $8.8B (+45% YoY); operating margin 10.1% (incl. one-off); CEO transition completed
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- Net revenues $8,759M (+45% YoY); GMV $19.9B (+37%); TPV $83.7B (+42%); all metrics beat prior year.
- Operating income $889M (10.1% margin) includes $99M Brazil tax credit; ex-items margin 9.0%, down 80bps QoQ.
- Net income $559M (-13% YoY) on normalized tax rate; adj. free cash flow $763M in Q4; FY25 capex $1.3B.
- CEO transition effective Jan 1, 2026: Ariel Szarfsztejn named CEO; founder Marcos Galperin becomes Executive Chairman.
- Credit portfolio $12.5B (+90% YoY); NIMAL 23.3%; credit card NPL 15-90 days at historic low 4.4%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1099590/000109959026000003/0001099590-26-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1099590/000109959026000003/meli-20260224.htm
  HTML page:      https://secwatch.observer/filing/0001099590-26-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer