NASDAQ$MELI
MercadoLibre Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
MercadoLibre experienced a strong start to the year, demonstrating profit growth alongside rapid revenue expansion.
MercadoLibre reported net revenues of $3.0 billion, a 58.4% increase year-over-year on an FX neutral basis. Income from operations reached $340 million, resulting in an 11.2% margin. Total Payment Volume was $37.0 billion, up 96.1% year-over-year on an FX neutral basis, and Gross Merchandise Volume reached $9.4 billion, a 43.3% increase year-over-year on an FX neutral basis.
- Revenue grew 58.4% year-over-year on an FX neutral basis, reaching $3.0 billion.
- Income from operations hit a new Q1 record of $340 million, with margin expanding to 11.2%.
- GMV grew 43% year-over-year on an FX-neutral basis, driven by acceleration in items sold growth.
- TPV grew 96% on an FX-neutral basis, reaching $37.0 billion, with off-platform TPV growing above 100%.
Headline financials
Revenue & EPS history
MercadoLibre · Revenue · Quarterly
$3.04B
Forward guidance
MercadoLibre remains focused on executing well through the rest of the year, with many businesses contributing to sustained margin expansion. They believe there are attractive growth opportunities ahead, with plans to hire an additional 1,700 engineers in 2023.
Tailwinds
- Sustained margin expansion.
- Attractive growth opportunities.
- Commitment to profitable growth in the long-term.
- Good momentum as we look to the remainder of 2023, and further ahead.
- Many new products still to develop.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2023
+4.2%
Avg return
Earnings day
+4.3%
Avg return
5 days after
+4.5%
Avg return
30 days after
63%
44 / 70 earnings
Positive
+26.2%
Q2 2012
Best reaction
-15.1%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -12.7% | -16.5% | — | |
| Q4 2025 | -4.6% | -7.6% | -16.8% | |
| Q3 2025 | +4.5% | +0.4% | -9.8% | |
| Q2 2025 | -3.8% | -4.8% | +0.4% | |
| Q1 2025 | +6.4% | +11.2% | +9.7% | |
| Q4 2024 | +7.1% | +4.1% | -0.7% | |
| Q3 2024 | -15.1% | -6.2% | -6.8% | |
| Q2 2024 | +6.4% | +8.5% | +23.5% | |
| Q1 2024 | +11.9% | +15.9% | +18.5% | |
| Q4 2023 | -6.2% | -7.5% | -9.5% | |
| Q3 2023 | +6.3% | +10.8% | +33.1% | |
| Q2 2023 | +9.3% | +12.3% | +17.5% | |
| Q1 2023 | -3.4% | +2.3% | +1.2% | |
| Q4 2022 | +3.5% | +9.1% | +6.2% | |
| Q3 2022 | +10.3% | +10.1% | +11.0% | |
| Q2 2022 | +23.5% | +22.3% | +2.2% | |
| Q1 2022 | -9.3% | -24.3% | -22.9% | |
| Q4 2021 | -1.8% | +18.6% | +31.9% | |
| Q3 2021 | +6.4% | +11.6% | -31.3% | |
| Q2 2021 | +13.4% | +11.4% | +23.5% | |
| Q1 2021 | -5.3% | -9.3% | -13.2% | |
| Q4 2020 | +0.3% | -10.2% | -10.1% | |
| Q3 2020 | +16.5% | +7.8% | +26.2% | |
| Q2 2020 | -7.9% | -3.1% | -11.4% | |
| Q1 2020 | +22.3% | +29.2% | +38.3% | |
| Q4 2019 | +0.9% | +13.8% | -14.8% | |
| Q3 2019 | -11.1% | -12.0% | +5.4% | |
| Q2 2019 | +14.5% | +3.8% | -0.5% | |
| Q1 2019 | +19.4% | +11.3% | +17.7% | |
| Q4 2018 | +19.1% | +20.4% | +32.5% | |
| Q3 2018 | +9.2% | +3.6% | +8.5% | |
| Q2 2018 | +10.6% | +3.3% | -6.0% | |
| Q1 2018 | -5.0% | -10.5% | -13.4% | |
| Q4 2017 | +3.7% | +0.6% | -7.7% | |
| Q3 2017 | +11.9% | +11.1% | +14.2% | |
| Q2 2017 | -9.1% | -12.1% | -12.1% | |
| Q1 2017 | +17.1% | +19.9% | +19.3% | |
| Q4 2016 | +3.7% | +5.2% | +5.2% | |
| Q3 2016 | +0.2% | +4.8% | -8.4% | |
| Q2 2016 | +14.3% | +12.5% | +23.1% | |
| Q1 2016 | +3.0% | — | — | |
| Q4 2015 | -5.4% | — | — | |
| Q3 2015 | +11.7% | — | — | |
| Q2 2015 | -6.3% | — | — | |
| Q1 2015 | -2.7% | — | — | |
| Q4 2014 | -1.1% | — | — | |
| Q3 2014 | +19.7% | — | — | |
| Q2 2014 | +13.9% | — | — | |
| Q1 2014 | +0.5% | — | — | |
| Q4 2013 | +10.9% | — | — | |
| Q3 2013 | -11.3% | — | — | |
| Q2 2013 | +9.3% | — | — | |
| Q1 2013 | +17.8% | — | — | |
| Q4 2012 | -1.3% | — | — | |
| Q3 2012 | +2.9% | — | — | |
| Q2 2012 | +26.2% | — | — | |
| Q1 2012 | -0.3% | — | — | |
| Q1 2009 | -5.3% | — | — | |
| Q4 2011 | -5.3% | — | — | |
| Q3 2011 | +5.6% | — | — | |
| Q2 2011 | +7.2% | — | — | |
| Q1 2010 | -0.2% | — | — | |
| Q1 2011 | -0.2% | — | — | |
| Q4 2008 | -2.0% | — | — | |
| Q4 2010 | -2.0% | — | — | |
| Q3 2010 | +5.6% | — | — | |
| Q3 2009 | +5.6% | — | — | |
| Q2 2009 | +6.0% | — | — | |
| Q4 2009 | +6.0% | — | — | |
| Q2 2010 | +6.0% | — | — |
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