MercadoLibre stock rose 11% in July, according to data from S&P Global Market Intelligence, as investors bought shares ahead of the company's second-quarter earnings report on August 5. The stock had been down 30% from its high due to declining profitability, but the market appeared to see a bargain. In the 2026 second quarter, revenue increased 50% year over year, driven by a 44% rise in gross merchandise volume and a 56% increase in total payment volume. Operating income fell from $825 million to $683 million, and operating margin narrowed from 12.2% to 6.7%, though earnings per share of $9.19 beat Wall Street expectations. Management said it is making a deliberate choice to prioritize investment in long-term engagement, growth, and scale over near-term profitability.
