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Visa vs MercadoLibre: V and MELI compared
Visa is the larger company: $12.1B of revenue in its latest quarter (Q4 FY26) against $10.8B for MercadoLibre (Q3 2026). MercadoLibre is growing faster (+45% against +13% a year earlier). Visa is more profitable, with an operating margin of 59.8% against 6.3%.
Where the money goes: V and MELI
Visa (V) · Q4 FY26
Visa, Q4 FY26: revenue $12.1B (+13% year over year), operating margin 59.8%, net earnings $6.0B, operating cash flow $7.4B. The chart follows the revenue to costs, profit and cash.
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.
| Visa (V) | MercadoLibre (MELI) | |
|---|---|---|
| Latest quarter | Q4 FY26 | Q3 2026 |
| Revenue | $12.1B | $10.8B |
| Revenue growth, Y/Y | +13% | +45% |
| Gross margin | — | 40.8% |
| Operating margin | 59.8% | 6.3% |
| Net earnings | $6.0B | $448M |
| Net margin | 49.4% | 4.2% |
| Operating cash flow | $7.4B | $3.0B |
| Free cash flow | $6.9B | $2.4B |
| Market value | $788.6B | $77.6B |
| P/E | 33.6× | 41.0× |
| Analysts’ mean target | $443.44 | $2263.39 |
Where the revenue comes from
MercadoLibre
- Net service revenues and financial income: $9.2B (86%)
- Net product revenues: $1.5B (14%)
Questions
Which is bigger, Visa or MercadoLibre?
Visa is the larger company: $12.1B of revenue in its latest quarter (Q4 FY26) against $10.8B for MercadoLibre (Q3 2026).
Is Visa or MercadoLibre growing faster?
MercadoLibre is growing faster (+45% against +13% a year earlier).
Which is more profitable, Visa or MercadoLibre?
Visa is more profitable, with an operating margin of 59.8% against 6.3%.
More: Visa earnings · how Visa makes money · MercadoLibre earnings · how MercadoLibre makes money
From the companies' latest 10-Q, 10-K or earnings release (10-K filed Nov 5, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.