Discontinued — last reported Q3 '24
Brazil — Direct Operating Costs
Mercado Libre Brazil — Direct Operating Costs increased by 14.1% to $2.41B in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 67.8%, from $1.44B to $2.41B. Over 2 years (FY 2021 to FY 2023), Brazil — Direct Operating Costs shows an upward trend with a 33.5% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase relative to revenue may indicate margin compression or rising logistics and operational inefficiencies, while a decrease relative to revenue suggests improved operational leverage.
Detailed definition
This metric represents the total direct costs and expenses incurred to support operations within the Brazil geographic s...
Peer comparison
Comparable to regional cost-of-goods-sold and operating expense allocations in other multinational e-commerce or fintech platforms.
meli_segment_brazil_direct_operating_costsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | 720.5M | 831.7M | 1.1B | 1.1B | 1.2B | 1.2B | 1.2B | 1.3B | 1.3B | 1.4B | 1.7B | 2B | 2.1B | 2.4B |
| QoQ Change | — | +15.4% | +27.8% | +0.2% | +12.5% | +0.9% | +3.0% | +1.3% | +5.6% | +7.8% | +21.0% | +15.8% | +5.0% | +14.1% |
| YoY Change | — | — | — | — | +66.3% | +45.4% | +17.1% | +18.4% | +11.1% | +18.7% | +39.4% | +59.4% | +58.5% | +67.8% |
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Frequently Asked Questions
- What is Mercado Libre's brazil — direct operating costs?
- Mercado Libre (MELI) reported brazil — direct operating costs of $2.41B in Q3 2024.
- How has Mercado Libre's brazil — direct operating costs changed year-over-year?
- Mercado Libre's brazil — direct operating costs increased by 67.8% year-over-year, from $1.44B to $2.41B.
- What is the long-term trend for Mercado Libre's brazil — direct operating costs?
- Over 2 years (2021 to 2023), Mercado Libre's brazil — direct operating costs has grown at a 33.5% compound annual growth rate (CAGR), from $3.23B to $5.76B.
- What does brazil — direct operating costs mean?
- The total expenses directly attributable to running business operations in the Brazil market.