Chewy vs. MercadoLibre: Which E-Commerce Stock Is a Better Buy in 2026?
MercadoLibre's revenue grew 39.1% in 2025 as its operating margin narrowed, well ahead of Chewy's 6.2% growth in fiscal 2025.
Chewy and MercadoLibre are both e-commerce companies, but they operate in different markets and serve distinct customer bases. Chewy is a U.S.-based online pet retailer, while MercadoLibre runs a marketplace and fintech platform across Latin America.
During the fiscal year ending February 1, 2026, Chewy reported revenue of $12.6 billion, up 6.2% from the previous year, with a net income of $222.8 million, down from $392.7 million. The company's Autoship subscription program accounted for $2.8 billion, or 84.6% of net sales. Chewy has been expanding into veterinary care, with 18 Chewy Vet Care clinics as of the end of fiscal 2025 and 20,000 veterinary practices enrolled in its PracticeHub platform.
On the other hand, MercadoLibre's revenue grew 39.1% to $28.9 billion in 2025, up from $20.8 billion in 2024. The company's operating income rose 21.7% to $3.2 billion, but net income only increased by 4.5% to $2.0 billion. MercadoLibre operates in 18 countries and its Mercado Pago fintech platform is present in eight. The company's debt-to-equity ratio was about 1.7x, with $9.2 billion in loans and $2.2 billion in operating lease liabilities against $6.7 billion in equity.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
