What Makes MercadoLibre (MELI) an Attractive Financial Model?

Core Insights - Loomis Sayles Global Growth Fund achieved a return of 16.61% in Q2 2025, outperforming the MSCI ACWI Index Net which returned 11.53% [1] - The fund focuses on investing in high-quality businesses with sustainable competitive advantages, particularly those trading at significant discounts to intrinsic value [1] Company Overview: MercadoLibre, Inc. - MercadoLibre, Inc. is the largest online commerce platform in Latin America, offering a comprehensive ecosystem of six integrated e-commerce services [3] - The company reported that commerce and related services accounted for approximately 59% of net revenue, while payments and fintech solutions made up about 41% [3] - As of September 29, 2025, MercadoLibre's stock closed at $2,501.31 per share, with a market capitalization of $126.81 billion [2] Market Position and Growth Potential - MercadoLibre operates in 18 countries, covering a significant portion of Latin American GDP, and has 218 million active users, representing over 45% of the region's estimated 480 million total internet users [3] - The company is well-positioned for sustained growth over the next decade, driven by increasing internet access, credit availability, and ongoing investments to enhance online transaction convenience [3]