MercadoLibre Q1 2026: Revenue +49% but 4th Straight EPS Miss, Stock -7%

# MercadoLibre Q1 2026: Revenue +49% but 4th Straight EPS Miss, Stock -7%

> **Quick answer:** MercadoLibre posted $8.85 billion in Q1 2026 revenue — a 49% year-over-year surge, the fastest growth rate since Q2 2022 — but EPS of $8.23 missed the $9.37 consensus for the fourth consecutive quarter. The culprit: deliberate, aggressive investment in Mercado Pago's credit book (now $14.6B, up 87% YoY) and Mercado Envios logistics. MELI stock fell roughly 7% after hours. The central question for investors is whether this is Amazon in 2012 or a company losing earnings discipline.

MercadoLibre Q1 2026 earnings delivered a paradox that Wall Street is struggling to price: the fastest top-line growth in four years paired with the fourth consecutive earnings miss. For investors holding MELI — already down 30% from its highs — the report forces a decision about what kind of company you believe you own.

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## The Numbers: What MercadoLibre Actually Reported

MercadoLibre released its Q1 2026 results on May 7, 2026. Here is what the company actually delivered versus what analysts expected: