Mercado Libre, the leading Latin American e-commerce and fintech company, reported strong financial results for the first quarter of 2025. The company posted net revenues and financial income of $5.9 billion, representing a 37% year-over-year increase and a 64% rise on a foreign exchange-neutral basis. Income from operations reached $763 million, with a margin of 12.9%, while net income was $494 million, corresponding to an 8.3% margin. Total Payment Volume (TPV) surged 43% year-over-year to $58.3 billion, and Gross Merchandise Volume (GMV) increased 17% to $13.3 billion. The company sold 492 million items, up 28% year-over-year, and recorded 67 million unique active buyers, a 25% increase. Fintech revenue grew 43%, supported by a 31% rise in monthly active users, while commerce revenue increased by 32%. Mercado Libre's Argentine market experienced exceptional growth, with revenues up 125% year-over-year to $1.3 billion and GMV growth of 126% on a foreign exchange-neutral basis. This growth was partly attributed to improved economic conditions in Argentina, including a reduction in interest rates from 133% to 29%. Additionally, Mercado Libre has initiated a small book of Brazilian asset-backed loans, currently focused on auto loans, totaling $178 million with an average loan duration of 20.4 months. The company's earnings per share (EPS) beat expectations at $9.74 compared to the estimated $8.27, and revenue also exceeded estimates at $5.94 billion versus $5.52 billion. Following the earnings release, Mercado Libre's shares rose approximately 6% in after-hours trading.