In this video, I will be talking about MercadoLibre's (MELI 1.89%) recent earnings report and why it might be the best e-commerce stock around right now. 

  • The company reported earnings per share (EPS) of $1.30 and revenue of $2.2 billion, up 67.4% year over year (YOY), beating expectations of $2.04 billion. 

  • Total payment volume came in at $25.3 billion, up 81.2% YOY, and gross merchandise volume was $7.7 billion, up 31.6%.

  • Fintech net revenue (Mercado Pago), grew 113% on top of the 117% last year to $971 million. 

  • Gross profit margin grew by 483 basis points to 47.7% and net income margin turned positive again to 2.9% compared to negative 2.5% one year ago. 

  • According to eMarketer, Brazil, Argentina, and Mexico are among the top 10 countries ranked by retail e-commerce sales growth.

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*Stock prices used were the closing prices of May 6, 2022. The video was published on May 8, 2022.