TLDRMercadoLibre revenue jumped 50% to a record $10.2 billion during Q2 2026 alone.MELI stock fell 4.65% after hours despite strong growth across core divisions.Mercado Pago payment volume topped $100 billion as active users rose 30% YoY.Commerce GMV reached $22 billion as Brazil and Mexico delivered solid growth.Advertising revenue surged 73% as automated tools boosted seller engagement.MercadoLibre (MELI) shares gained 1.80% to $1,922.57 before dropping 4.65% after hours to $1,833.13. The reversal followed strong second-quarter growth across commerce, payments, advertising, and technology operations. Still, lower operating margins and sustained expansion spending outweighed the record revenue performance.MercadoLibre, Inc., MELINet revenue and financial income reached $10.2 billion, increasing 50% from the previous year. The result marked 30 consecutive quarters with growth above 30% and the fastest pace in four years. The Latin American commerce and fintech group also surpassed $10 billion in quarterly revenue for the first time.Operating income reached $683 million, while the operating margin stood at 6.7% during the quarter. Net income totaled $466 million and produced a 4.6% margin despite substantial revenue growth. Spending on shipping, credit cards, product selection, cross-border trade, and memberships limited near-term profitability.Commerce Growth Accelerates Across Major MarketsCommerce revenue increased 50% to $5.8 billion as demand strengthened across major Latin American markets. Gross merchandise volume reached $22 billion, rising 36% on a currency-neutral basis and 44% in dollars. Total items sold climbed 45% to 795 million, supported by broader selection and faster delivery.Brazil led regional growth as currency-neutral merchandise volume rose 39% and sold items increased 56%. Mexico recorded 26% merchandise volume growth, while item sales advanced 34% despite tax reform pressure. Argentina delivered 38% merchandise volume growth and 22% higher item sales during weak consumer demand.Unique active commerce buyers grew 26% to 89 million, while purchases per buyer increased 14%. Brazil’s lower free-shipping threshold continued driving higher purchase frequency, broader category use, retention, and conversion. Furthermore, cross-border merchandise volume rose 60%, while China fulfillment activity expanded 170% from the previous quarter.Mercado Pago and Advertising Support the Wider EcosystemMercado Pago revenue rose 49% to $4.4 billion as payment activity expanded throughout the region. Total payment volume exceeded $100 billion for the first time, reaching $101 billion after 56% growth. Monthly active fintech users increased 30% to 88 million, led by faster growth in Brazil and Mexico.Assets under management climbed 68% to $23 billion, while average assets per user increased 29%. The credit portfolio expanded 75% beyond $16 billion, including a $7.7 billion credit card portfolio. MercadoLibre issued 2.6 million cards, while portfolio delinquency remained near historical lows at 7.0%.Advertising revenue increased 73% in dollars as more sellers used automated campaign and budget tools. Ecosystem users grew 37%, strengthening activity across both MercadoLibre’s marketplace and Mercado Pago services. Additionally, the company completed its upgraded search rollout across five markets, improving conversion and click-through rates. The post MercadoLibre (MELI) Stock: Sinks After Hours Despite 50% Revenue Growth and Fintech Boom appeared first on Blockonomi.