Latin America's Biggest E-Commerce Platform Is Growing Fast and Shows No Signs of Slowing Down
A company named MercadoLibre (NASDAQ: MELI) is the largest e-commerce platform in Latin America, doing business in major economies such as Argentina, Brazil, Mexico, and Colombia. But it's far more than just an e-commerce company. It's an interesting combination of business segments and these parts work together to form a powerful growth engine.In 2024, MercadoLibre grew its total net revenue by a little more than 37% to $20.8 billion. Growth at this scale is impressive. And the company also did it in style, with a strong $2.6 billion in income from operations.MercadoLibre is already the biggest player in its market and growth was superb in 2024. It's already achieved so much that a slower start to 2025 wouldn't have been surprising. But that's not what's happening. In the first quarter of 2025, it grew quarterly net revenues by another 37% year over year. And its Q1 operating margin came in at 12.9%, an improvement from the prior-year period.Continue reading
A company named MercadoLibre (NASDAQ: MELI) is the largest e-commerce platform in Latin America, doing business in major economies such as Argentina, Brazil, Mexico, and Colombia. But it's far more than just an e-commerce company. It's an interesting combination of business segments and these parts work together to form a powerful growth engine.
In 2024, MercadoLibre grew its total net revenue by a little more than 37% to $20.8 billion. Growth at this scale is impressive. And the company also did it in style, with a strong $2.6 billion in income from operations.
MercadoLibre is already the biggest player in its market and growth was superb in 2024. It's already achieved so much that a slower start to 2025 wouldn't have been surprising. But that's not what's happening. In the first quarter of 2025, it grew quarterly net revenues by another 37% year over year. And its Q1 operating margin came in at 12.9%, an improvement from the prior-year period.
