12 Most Profitable Growth Stocks To Invest In

4. MercadoLibre, Inc. (NASDAQ:MELI)

5-Year Revenue CAGR: 56.85% 

TTM Net Income: $1.4 billion

Number of Hedge Fund Holders: 84

One of the most profitable growth stocks, MercadoLibre, Inc. (NASDAQ:MELI) is the leading online commerce ecosystem in Latin America, known for its e-commerce and fintech platforms. Operating in 18 countries, including Argentina, Brazil, and Mexico, it serves a region with over 650 million people.

Its e-commerce platform connects buyers and sellers, fostering a strong online community, while its fintech arm, MercadoPago, provides financial services such as online payments, debit cards, savings, investments, and credit for both individuals and merchants. The company’s technology solutions address the unique challenges of the region’s growing internet and e-commerce markets.

MercadoLibre’s (NASDAQ:MELI) survey on consumer trends in Argentina shows that consumption has been recovering since May. In August, the platform achieved a record 20 million units sold, with technology products leading the growth.

More buyers and SMEs joined, and the credit portfolio grew by 69% year-over-year, boosting consumer and business financing. Rental and property supply also tripled, driven by changes in laws, while vehicle inquiries increased by 10% in September. These trends reflect a recovery in Argentine consumption patterns.

Moreover, according to the company, seasonality impacts its business, with the fourth quarter being the strongest due to holiday shopping, while the first quarter tends to slow down due to summer vacations and holidays in several countries. However, geographical diversity helps balance these effects. This could mean that the company could potentially record a very strong fourth quarter this year.