MercadoLibre's Q1 2026 TPV was about 4.6x marketplace GMV, showing that Mercado Pago is more than a checkout layer. Amazon has the larger global machine, but official filings do not show a comparable disclosed Latin America fintech flywheel.
References
Sources used in this report
SEC-filed earnings exhibitMercadoLibre Q1 2026 shareholder letter exhibit2026-05-07 · Q1 2026 GMV, TPV, users, NIMAL, commerce/fintech growth and management commentary.SEC filingMercadoLibre Q1 2026 Form 10-Q2026-05-08 · Financial statements, cash flow, loans receivable, allowances and balance sheet.SEC filingAmazon Q1 2026 Form 10-Q2026-04-30 · Q1 2026 sales, segment data, advertising, seller services, AWS and cash flow.SEC filingAmazon FY2025 Form 10-K2026-02-06 · Annual segment baseline, international risk factors and payment risk disclosures.