Warren Buffett's successor Greg Abel could decide to buy MercadoLibre for Berkshire Hathaway's portfolio, more than seven years after Buffett first considered a similar investment in Amazon. MercadoLibre offers e-commerce and fintech businesses like Amazon but spent only about $1.3 billion in capital expenditures over the trailing 12 months, more than 99% less than Amazon's nearly $152 billion. The company's first-quarter 2026 revenue grew 49% year over year to $8.8 billion, though net income fell 16% to $417 million as it sacrificed short-term profitability to build market share. Berkshire has prior experience in Latin American fintech through early investments in StoneCo and Nu Holdings, which could help it understand MercadoLibre's fast-growing Mercado Pago unit. MercadoLibre stock trades at a 29% discount to its mid-2025 peak and at about 49 times earnings, which is below the roughly 80 times earnings Berkshire likely paid for Amazon in early 2019.
MercadoLibre Inc.Stock trades at discount to peak and lower P/E than Amazon purchase, potential buy by Berkshire.
Nu Holdings Ltd
Amazon.com Inc
Berkshire Hathaway Inc
Sea Ltd
StoneCo Ltd