earnings
confidence high
sentiment positive
materiality 0.75
MercadoLibre Q2 net revenues $2.6B, +56.5% FX-neutral; op income $250M, 9.6% margin
MERCADOLIBRE INC
2022-Q2 EPS reported
$3.73
revenue$2,597,000,000
- Net income $123M (4.7% margin); fintech revenues exceeded $1B for first time.
- Total payment volume $30.2B (+83.9% FX-neutral); GMV $8.6B (+26.2% FX-neutral).
- Credit portfolio $2.7B (+230% YoY); non-performing loans 31.4% (90+ days well provisioned).
- Brazil revenue +53% USD, Argentina +62%, Mexico +65%; unique active buyers 40.8M.
- Operating expenses 39.8% of revenue (provisions for doubtful accounts); FX losses $60M.