Does MercadoLibre's Expanding Credit Book Elevate Risk in 2026?

Key Takeaways MELI's credit book remains early in seasoning, raising default volatility as portfolios mature into 2026.Macro strain adds risk: Argentina inflation hit 31.4%, and Mexico's 2026 GDP outlook was cut to 1.5%.MELI's funding costs rose in Argentina as election-driven volatility weighed on risk-adjusted returns.MercadoLibre (MELI) enters 2026 with a credit profile that is materially exposed to borrower stress, funding cost swings and macro volatility, as lending expansion becomes the dominant drive ...