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MercadoLibre vs PayPal Holdings: MELI and PYPL compared
MercadoLibre is the larger company: $10.8B of revenue in its latest quarter (Q3 2026) against $8.6B for PayPal Holdings (Q3 2026). MercadoLibre is growing faster (+45% against +2% a year earlier). PayPal Holdings is more profitable, with an operating margin of 16.3% against 6.3%.
Where the money goes: MELI and PYPL
MercadoLibre (MELI) · Q3 2026
MercadoLibre, Q3 2026: revenue $10.8B (+45% year over year), operating margin 6.3%, net earnings $448M, operating cash flow $3.0B. The chart follows the revenue to costs, profit and cash.
PayPal Holdings (PYPL) · Q3 2026
PayPal Holdings, Q3 2026: revenue $8.6B (+2% year over year), operating margin 16.3%, net earnings $1.1B, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
| MercadoLibre (MELI) | PayPal Holdings (PYPL) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $10.8B | $8.6B |
| Revenue growth, Y/Y | +45% | +2% |
| Gross margin | 40.8% | — |
| Operating margin | 6.3% | 16.3% |
| Net earnings | $448M | $1.1B |
| Net margin | 4.2% | 12.5% |
| Operating cash flow | $3.0B | $1.6B |
| Free cash flow | $2.4B | $1.4B |
| Market value | $77.6B | $50.6B |
| P/E | 41.0× | 11.3× |
| Analysts’ mean target | $2263.39 | $57.13 |
Where the revenue comes from
MercadoLibre
- Net service revenues and financial income: $9.2B (86%)
- Net product revenues: $1.5B (14%)
PayPal Holdings
- Transaction revenues: $7.7B (90%)
- Revenues from other value added services: $873M (10%)
Questions
Which is bigger, MercadoLibre or PayPal Holdings?
MercadoLibre is the larger company: $10.8B of revenue in its latest quarter (Q3 2026) against $8.6B for PayPal Holdings (Q3 2026).
Is MercadoLibre or PayPal Holdings growing faster?
MercadoLibre is growing faster (+45% against +2% a year earlier).
Which is more profitable, MercadoLibre or PayPal Holdings?
PayPal Holdings is more profitable, with an operating margin of 16.3% against 6.3%.
More: MercadoLibre earnings · how MercadoLibre makes money · PayPal Holdings earnings · how PayPal Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Oct 27, 2026). Fiscal quarters can end on different dates. Not investment advice.