Mercadolibre's Earnings Report Blew Everyone's Mind

By Neil Rozenbaum – Aug 4, 2022 at 11:00AM

NASDAQ: MELI

MercadoLibre

Market Cap

$69B

Today's Change

(0.87%) $11.80

Current Price

$1,368.23

Price as of April 22, 2024, 4:00 p.m. ET

The company continues to execute flawlessly regardless of the current economic conditions.

In this video, I will be talking about MercadoLibre's (MELI 0.87%) recent earnings report and why the company might be the best e-commerce stock around right now.

The company reported earnings per share of $2.43 and revenue of $2.6 billion, up 57% year over year (YOY), beating expectations of $2.51 billion.
Total payment volume came in at $30.19 billion, up 83.9% YOY, and gross merchandise volume was $8.55 billion, up 26.2%.
Fintech net revenue (Mercado Pago) grew 112.5%, on top of the 104% last year, to $1.19 billion.
Gross profit margin grew by 510 basis points to 49.4%, and net income margin came in at 4.7% compared with 4% one year ago.

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*Stock prices used were the closing prices of Aug. 3, 2022. The video was published on Aug. 4, 2022.

Neil Rozenbaum has positions in MercadoLibre. The Motley Fool has positions in and recommends MercadoLibre. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.