MercadoLibre's Brazil business remained a standout in the second quarter of 2026, with marketplace growth holding at a high level even as the company began lapping last year's reduction in its free-shipping threshold. Gross merchandise volume in Brazil increased 39% year over year on an FX-neutral basis, slightly ahead of the 38% growth recorded in the first quarter of 2026 and substantially ahead of the 29% growth registered in the second quarter last year. Items sold jumped 56% compared with 26% growth a year earlier, while items sold per unique active buyer rose 19% and conversion improved 1.1 percentage points. Daily active users have continued to grow faster than monthly active users in every quarter since MercadoLibre lowered its free-shipping threshold in June 2025, and the share of users purchasing three or more categories per month has increased by 10 percentage points since the change. Ecosystemic user growth in Brazil accelerated to almost 50% year over year in the quarter, up from 35% before the shipping-threshold change, and active sellers grew 29% year over year. The Zacks Consensus Estimate for MercadoLibre's current financial-year sales implies year-over-year growth of 44.6%, while the consensus estimate for earnings per share suggests a decline of 0.7%; for the next fiscal year, the consensus estimate indicates a 28.9% rise in sales and 43.3% growth in earnings.
MercadoLibre Inc.Brazil GMV and items sold growth accelerated, indicating strong end-customer demand.
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