Overview
- In Q3 2025, revenue rose 39% to $7.4 billion, marking a 27th straight quarter of year-over-year growth above 30%.
- Operating margin declined to 9.8% after moves that included lowering Brazil’s free-shipping threshold and increased spending on first-party, social commerce, and credit initiatives.
- The stock traded at about $1,998 on Dec. 26, roughly 23% below its June high.
- Mercado Pago’s credit portfolio reached $11 billion, up 83% year over year, with a large share of payment volume generated off-platform.
- Mercado Envíos handled about 95% of deliveries, and Brazil drove volume gains with items sold up 42% year over year and a record quarterly addition of unique buyers.