MercadoLibre's cross-border trade business posted foreign-exchange-neutral gross merchandise volume growth of 60% year over year in the second quarter of 2026, with Mexico remaining its largest CBT market and Argentina, Brazil and other markets recording triple-digit CBT growth. In smaller markets, CBT's share of GMV nearly doubled from the year-ago period. The company's China fulfillment center now serves thousands of sellers, with shipment volume rising 170% sequentially during the quarter, enabling faster deliveries and fewer cancellations. MercadoLibre shares have risen 0.3% over the past three months, trailing the industry's 2.1% increase, while Amazon.com climbed 3.6% and Sea Limited fell 16.4%. The stock trades at a forward 12-month price-to-earnings ratio of 36.25, above the industry average of 20.21 and its 12-month median of 34.18, and at a premium to Amazon's 22.83 and Sea Limited's 18.37. The Zacks Consensus Estimate implies 44.7% year-over-year sales growth for the current fiscal year with earnings per share down 2.8%, and 29% sales growth with 43.7% earnings growth next fiscal year; MercadoLibre carries a Zacks Rank #3 (Hold).
MercadoLibre Inc.MercadoLibre's cross-border trade GMV grew 60% YoY with triple-digit growth in several markets and China fulfillment shipment volume up 170% sequentially, signaling strong end-customer demand.
Amazon.com Inc
Sea Ltd
