A September 29, 2026, analysis highlighted the continued expansion of MercadoLibre's credit business. This expansion serves as a key strength for its fintech arm, Mercado Pago.
MercadoLibre's credit portfolio reached $16.4 billion in the second quarter of 2026, marking a 75% year-over-year increase. Assets under management grew 68% to $23.2 billion.
This growth is crucial for deepening user engagement within MercadoLibre's ecosystem, which combines e-commerce and financial services. The report noted that users with a Mercado Pago credit card are two to three times more likely to use both platforms.
Despite these positive business trends, the analysis assigned a "Zacks Rank #4 (Sell)" rating for MELI's stock.