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Side-by-side financial comparison of American Express (AXP) and MERCADOLIBRE INC (MELI). Click either name above to swap in a different company.
MERCADOLIBRE INC is the larger business by last-quarter revenue ($6.1B vs $18.9M, roughly 324.5× American Express). American Express runs the higher net margin — 15.7% vs 9.1%, a 6.6% gap on every dollar of revenue. On growth, MERCADOLIBRE INC posted the faster year-over-year revenue change (40.2% vs 11.4%). Over the past eight quarters, MERCADOLIBRE INC's revenue compounded faster (40.7% CAGR vs -95.6%).
American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services. The company's products an...
MercadoLibre, Inc., known as Mercado Livre in Brazil, literally meaning "free market" in both languages, is a company of Argentine origin and incorporated in Delaware in the United States that operates online marketplaces dedicated to e-commerce and online auctions. As of 2016, Mercado Libre had 174.2 million users in Latin America, making it the region's most popular e-commerce site by number of visitors.
AXP vs MELI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $18.9M | $6.1B |
| Net Profit | $3.0M | $559.0M |
| Gross Margin | — | 61.7% |
| Operating Margin | — | 14.5% |
| Net Margin | 15.7% | 9.1% |
| Revenue YoY | 11.4% | 40.2% |
| Net Profit YoY | 15.0% | -12.5% |
| EPS (diluted) | — | $11.03 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $18.9M | — | ||
| Q4 25 | $10.9B | $6.1B | ||
| Q3 25 | $10.4B | $5.2B | ||
| Q2 25 | $10.3B | $4.8B | ||
| Q1 25 | $9.6B | $4.2B | ||
| Q4 24 | $10.0B | $4.4B | ||
| Q3 24 | $9.7B | $3.9B | ||
| Q2 24 | $9.8B | $3.8B |
| Q1 26 | $3.0M | — | ||
| Q4 25 | $2.5B | $559.0M | ||
| Q3 25 | $2.9B | $421.0M | ||
| Q2 25 | $2.9B | $523.0M | ||
| Q1 25 | $2.6B | $494.0M | ||
| Q4 24 | $2.2B | $639.0M | ||
| Q3 24 | $2.5B | $397.0M | ||
| Q2 24 | $3.0B | $531.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 61.7% | ||
| Q3 25 | — | 61.7% | ||
| Q2 25 | — | 64.4% | ||
| Q1 25 | — | 66.1% | ||
| Q4 24 | — | 62.8% | ||
| Q3 24 | — | 62.6% | ||
| Q2 24 | — | 62.8% |
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | 14.5% | ||
| Q3 25 | 36.7% | 13.9% | ||
| Q2 25 | 34.4% | 17.2% | ||
| Q1 25 | 34.6% | 18.2% | ||
| Q4 24 | 27.7% | 18.7% | ||
| Q3 24 | 33.0% | 14.3% | ||
| Q2 24 | 38.6% | 19.3% |
| Q1 26 | 15.7% | — | ||
| Q4 25 | 22.5% | 9.1% | ||
| Q3 25 | 27.9% | 8.1% | ||
| Q2 25 | 28.0% | 10.9% | ||
| Q1 25 | 26.8% | 11.8% | ||
| Q4 24 | 21.8% | 14.6% | ||
| Q3 24 | 25.8% | 10.2% | ||
| Q2 24 | 30.7% | 14.1% |
| Q1 26 | — | — | ||
| Q4 25 | $3.52 | $11.03 | ||
| Q3 25 | $4.14 | $8.32 | ||
| Q2 25 | $4.08 | $10.31 | ||
| Q1 25 | $3.64 | $9.74 | ||
| Q4 24 | $3.04 | $12.60 | ||
| Q3 24 | $3.49 | $7.83 | ||
| Q2 24 | $4.15 | $10.48 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $6.3B |
| Total DebtLower is stronger | $60.4M | $4.6B |
| Stockholders' EquityBook value | $34.0M | $6.7B |
| Total Assets | $308.9M | $42.7B |
| Debt / EquityLower = less leverage | 1.78× | 0.68× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $742.0M | $6.3B | ||
| Q3 25 | $1.3B | $6.3B | ||
| Q2 25 | $197.0M | $7.6B | ||
| Q1 25 | $261.0M | $8.1B | ||
| Q4 24 | $221.0M | $7.1B | ||
| Q3 24 | $120.0M | $6.7B | ||
| Q2 24 | $188.0M | $6.9B |
| Q1 26 | $60.4M | — | ||
| Q4 25 | $56.4B | $4.6B | ||
| Q3 25 | $57.8B | $3.4B | ||
| Q2 25 | $58.2B | $3.5B | ||
| Q1 25 | $51.2B | $2.9B | ||
| Q4 24 | $49.7B | $2.9B | ||
| Q3 24 | $53.5B | $3.1B | ||
| Q2 24 | $51.5B | $2.4B |
| Q1 26 | $34.0M | — | ||
| Q4 25 | $33.5B | $6.7B | ||
| Q3 25 | $32.4B | $6.2B | ||
| Q2 25 | $32.3B | $5.7B | ||
| Q1 25 | $31.2B | $5.0B | ||
| Q4 24 | $30.3B | $4.4B | ||
| Q3 24 | $29.7B | $4.0B | ||
| Q2 24 | $29.5B | $3.7B |
| Q1 26 | $308.9M | — | ||
| Q4 25 | $300.1B | $42.7B | ||
| Q3 25 | $297.6B | $36.7B | ||
| Q2 25 | $295.6B | $32.9B | ||
| Q1 25 | $282.2B | $27.7B | ||
| Q4 24 | $271.5B | $25.2B | ||
| Q3 24 | $271.0B | $22.6B | ||
| Q2 24 | $272.2B | $20.0B |
| Q1 26 | 1.78× | — | ||
| Q4 25 | 1.68× | 0.68× | ||
| Q3 25 | 1.78× | 0.55× | ||
| Q2 25 | 1.80× | 0.61× | ||
| Q1 25 | 1.64× | 0.57× | ||
| Q4 24 | 1.64× | 0.66× | ||
| Q3 24 | 1.80× | 0.78× | ||
| Q2 24 | 1.74× | 0.67× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $5.2B |
| Free Cash FlowOCF − Capex | — | $4.8B |
| FCF MarginFCF / Revenue | — | 77.9% |
| Capex IntensityCapex / Revenue | — | 7.0% |
| Cash ConversionOCF / Net Profit | — | 9.32× |
| TTM Free Cash FlowTrailing 4 quarters | — | $10.8B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $5.2B | ||
| Q3 25 | $6.2B | $3.0B | ||
| Q2 25 | $4.4B | $2.9B | ||
| Q1 25 | $4.8B | $1.0B | ||
| Q4 24 | $5.8B | $2.9B | ||
| Q3 24 | $-1.8B | $1.6B | ||
| Q2 24 | $4.5B | $1.9B |
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $4.8B | ||
| Q3 25 | $5.6B | $2.6B | ||
| Q2 25 | $3.7B | $2.6B | ||
| Q1 25 | $4.3B | $759.0M | ||
| Q4 24 | $5.3B | $2.6B | ||
| Q3 24 | $-2.3B | $1.4B | ||
| Q2 24 | $4.0B | $1.7B |
| Q1 26 | — | — | ||
| Q4 25 | 21.4% | 77.9% | ||
| Q3 25 | 53.6% | 50.0% | ||
| Q2 25 | 36.3% | 54.8% | ||
| Q1 25 | 45.0% | 18.1% | ||
| Q4 24 | 53.1% | 59.8% | ||
| Q3 24 | -23.3% | 35.4% | ||
| Q2 24 | 40.4% | 45.1% |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 7.0% | ||
| Q3 25 | 6.3% | 6.9% | ||
| Q2 25 | 6.0% | 6.0% | ||
| Q1 25 | 4.5% | 6.5% | ||
| Q4 24 | 5.0% | 7.0% | ||
| Q3 24 | 4.7% | 5.7% | ||
| Q2 24 | 5.8% | 4.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.25× | 9.32× | ||
| Q3 25 | 2.15× | 7.03× | ||
| Q2 25 | 1.51× | 5.58× | ||
| Q1 25 | 1.84× | 2.09× | ||
| Q4 24 | 2.66× | 4.58× | ||
| Q3 24 | -0.72× | 4.03× | ||
| Q2 24 | 1.50× | 3.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AXP
| Discount revenue | $9.5M | 50% |
| Other | $8.9M | 47% |
| Deposits with banks and other | $512.0K | 3% |
MELI
| Commerce | $2.8B | 45% |
| Argentina Segment | $1.6B | 26% |
| Products | $1.2B | 20% |
| Other Countries Segment | $414.0M | 7% |
