What AI bubble is MELI in?

MercadoLibre, Inc. (MELI) is mapped to the Enterprise SaaS AI bubble on QuantAbundance. Classifier 2026-05-07: extended tier, corr 0.40 to ai-software centroid (29 obs, 2nd: hyperscalers 0.180). is_primary_bubble=FALSE.

What sector is MELI in?

MercadoLibre, Inc. is classified under GICS Consumer Discretionary (Broadline Retail).

What is MELI's last close price?

MELI last closed at $1754.13 on 2026-09-24.

MELI

NASDAQNext earnings·Nov 4AnalystsBuy·24+29%

MercadoLibre, Inc.

Consumer Discretionary · Broadline Retail

$1754.13last close

-30.1%~252d

Price

-30.14% over 1Y

4 auto-fib

Thesis

as of 2026-09-23

Bull case

Latam structural compounder. Marketplace GMV growing ~25-30% FX-neutral; fintech TPV growing ~35-45% FX-neutral; credit book ~$6B+ and scaling. Three-flywheel model (commerce attracts users → wallet captures payments → credit monetizes data) means each segment lowers CAC for the others.

Operating margin expanding as Envios reaches scale and fintech mix shifts from acquiring (low-margin) toward credit (high-margin).

- #1 marketplace share in AR/BR/MX with widening logistics moat (Envios same-day in 40+ cities)

- Mercado Pago TPV ~$50B+ run-rate, growing faster than GMV, off-platform TPV now majority

- Credit book underwriting improving - NPLs stable mid-teens despite rapid book growth

- Argentina exposure (~25% of revenue) is asymmetric upside on Milei normalization

- Latam e-commerce penetration ~12% vs ~25% in developed markets - multi-decade runway

Bear case

- $AMZN México expansion + Shein/Temu cross-border pressure on take-rates

- Argentina FX volatility distorts reported financials quarter to quarter

- Credit book is the swing factor - any LATAM macro shock hits provisions hard

- Brazil interest-rate cycle directly impacts fintech net interest margin

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Analyze MELI· interactive tools

Bubbles· capital-flow co-movement

Conviction· in 1 watchlist

Top correlated· 252d co-movement

0.50
0.48
0.46
0.45

Frequently asked questions

What AI bubble is MELI in?: MercadoLibre, Inc. (MELI) is mapped to the Enterprise SaaS AI bubble on QuantAbundance. Classifier 2026-05-07: extended tier, corr 0.40 to ai-software centroid (29 obs, 2nd: hyperscalers 0.180). is_primary_bubble=FALSE.
What sector is MELI in?: MercadoLibre, Inc. is classified under GICS Consumer Discretionary (Broadline Retail).
What is MELI's last close price?: MELI last closed at $1754.13 on 2026-09-24.

Key levels

$1720.45
0.786 retr of 1495.00->2548.50 (52w) · 2026-09-24
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
+2.0%
$1897.44
0.618 retr of 1495.00->2548.50 (52w) · 2026-09-24
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
-7.6%
$2021.75
0.5 retr of 1495.00->2548.50 (52w) · 2026-09-24
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
-13.2%
$2146.06
0.382 retr of 1495.00->2548.50 (52w) · 2026-09-24
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
-18.3%

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Facts

Exchange: NASDAQ
Currency: USD
Market cap: $91.22B
Last update: 2026-09-24

Revenue (TTM)$35.2B

P/E48.8×

P/S2.6×

Net margin5.3%