MercadoLibre posts strong Q3 revenue and user growth but misses earnings estimates again

MercadoLibre reported strong Q3 FY26 results with 38% growth in gross merchandise volume and 53% growth in total payment volume year-over-year. The number of users engaging both commerce and fintech services grew 33%, boosting average revenue per user. However, the company missed earnings estimates for the third time in four quarters due to margin pressures from lower shipping margins, warehouse expansion, and upfront credit provisions amid heavy ongoing investments. Despite near-term challenges, the company’s long-term growth potential remains promising, supporting a buy rating and a 4% portfolio allocation.

MercadoLibre shares are trading at USD 1,610.00 on Pluang as of Nov 05, 2026 21:12 WIB, down 7.46% in one day. The stock's market cap stands at $88.21 billion, reflecting significant investor interest despite recent earnings misses. Typical hold time on Pluang is 119 days, with 90% of orders being sell orders, indicating cautious sentiment among retail investors.