How does MELI's earnings growth compare to peers?

MercadoLibre's (MELI) earnings growth is notable compared to its peers in the online retail and e-commerce space, showcasing its strong financial performance and market leadership in Latin America. 1. **Comparison with Alibaba (BABA)**: Alibaba has experienced a significant net income growth rate of 321.44%, with a net income of $6.36 billion. While this is a substantial figure, MercadoLibre's net income growth rate of 287.27% with a net income of $639 million is also impressive, especially considering the company's smaller base for comparison. |code|Ticker|Name|Date|Net Income|market_code| |---|---|---|---|---|---| |BABA|BABA.N|Alibaba Group|20240331|4.55090823E9|169| |MELI|MELI.O|Mercadolibre|20240331|3.44E8|185| |AMZN|AMZN.O|Amazon.com|20240331|1.0431E10|185| |EBAY|EBAY.O|eBay|20240331|4.38E8|185| |BABA|BABA.N|Alibaba Group|20240630|3.6589911344E9|169| |MELI|MELI.O|Mercadolibre|20240630|5.31E8|185| |AMZN|AMZN.O|Amazon.com|20240630|1.3485E10|185| |EBAY|EBAY.O|eBay|20240630|2.24E8|185| |BABA|BABA.N|Alibaba Group|20240930|1.50945783485E9|169| |MELI|MELI.O|Mercadolibre|20240930|3.97E8|185| 2. **Comparison with Amazon (AMZN)**: Amazon's net income growth rate is 88.29%, with a net income of $20 billion. This is a substantial growth rate, but it is eclipsed by MercadoLibre's even higher growth rate. Amazon's sheer size and diverse business segments may contribute to its significant net income, but MercadoLibre's relative growth rate is still strong. 3. **Comparison with eBay (EBAY)**: eBay has experienced a negative net income growth rate of -6.22%, with a net income of $679 million. This contrasts sharply with the positive growth rates of MercadoLibre and Amazon, indicating that eBay has faced challenges in maintaining earnings growth. In summary, MercadoLibre's earnings growth rate of 287.27% is notable within the peer group, particularly when compared to eBay's negative growth rate. While Amazon's growth rate is higher than MercadoLibre's, the sheer scale of Amazon's business may dilute the impact of its growth rate. Alibaba's growth rate is significant, but MercadoLibre's growth rate is still substantial relative to its own historical performance and the performance of its peers.