MercadoLibre is on track to join Amazon, Walmart, and Costco in the $50 billion revenue club by 2027. The Latin American e-commerce and fintech giant reported a 49% year-over-year revenue increase in the first quarter of 2026, with gross merchandise volume up 42% and total payment volume up 41%. Trailing-12-month revenue currently stands at $31.8 billion, and sustaining a 45% compound annual growth rate would push it past $50 billion before the end of 2027. Growth is fueled by underpenetrated e-commerce and fintech markets in Latin America, with Brazil seeing a 32% jump in unique active buyers after MercadoLibre lowered its free shipping threshold. The stock trades at a price-to-earnings ratio of 49, near a 10-year low.
Amazon.com Inc
NVIDIA Corporation
Costco Wholesale Corp
Walmart Inc.MercadoLibre Inc.Strong revenue growth driven by underpenetrated markets and increased active buyers after lowering free shipping threshold.