Mercado Libre Brazil — Total Costs & Expenses increased by 16.6% to $4.12B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 59.0%, from $2.59B to $4.12B. Over 3 years (FY 2022 to FY 2025), Brazil — Total Costs & Expenses shows an upward trend with a 38.9% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Rising costs relative to revenue growth suggest margin compression, while stable or declining costs relative to revenue indicate improved operational leverage.
This metric aggregates all direct costs of revenue and operating expenses incurred within the Brazilian segment. It prov...
Comparable to total segment operating costs for diversified technology and retail conglomerates.
meli_segment_brazil_costs_and_expenses| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.22B | $1.22B | $1.22B | $1.22B | $1.49B | $1.49B | $1.49B | $1.49B | $2.01B | $2.11B | $2.41B | $2.59B | $2.54B | $2.93B | $3.53B | $4.12B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +21.7% | +0.0% | +0.0% | +0.0% | +34.9% | +5.0% | +14.1% | +7.6% | -2.0% | +15.4% | +20.5% | +16.6% |
| YoY Change | — | — | — | — | +21.7% | +21.7% | +21.7% | +21.7% | +34.9% | +41.6% | +61.6% | +74.0% | +26.4% | +39.0% | +46.8% | +59.0% |