MercadoLibre Q4 Revenue Soars 44.6% to $8.76B with 83M Buyers
MercadoLibre posted Q4 revenue of $8.76B, up 44.6% YoY, beating estimates by 3.2%, and adjusted EBITDA of $1.13B (12.9% margin) above forecasts. Unique active buyers climbed 16M to 83M, while GAAP EPS of $11.03 missed expectations by 3.6% and operating margin declined to 10.1%.
1. Q4 CY2025 Financial Results
MercadoLibre generated $8.76 billion in revenue during Q4 CY2025, marking a 44.6% year-on-year increase and a 3.2% beat of consensus estimates. Adjusted EBITDA reached $1.13 billion, yielding a 12.9% margin, while GAAP EPS stood at $11.03, 3.6% below analysts’ forecasts.
2. Unique Active Buyers Expansion
The platform added 16 million unique active buyers year on year, bringing the total count to 83 million in Q4. This 23.9% increase reverses prior declines and indicates momentum in user acquisition efforts.
3. Margin Performance
Operating margin narrowed to 10.1% from 13.5% a year earlier, reflecting investments in growth initiatives. Free cash flow margin also dipped to 33.9% from 35.1% in the previous quarter, pointing to seasonal capital allocation shifts.
4. Market Capitalization and Reaction
Following the results, MercadoLibre’s market capitalization stood at $94.52 billion and the stock appreciated by 1.1% to $1,942. The quarter’s mix of beats and misses is likely to inform investor sentiment ahead of guidance revisions.