Brazil — Local Operating Expenses
Mercado Libre Brazil — Local Operating Expenses increased by 16.6% to $4.01B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 59.3%, from $2.52B to $4.01B. Over 3 years (FY 2022 to FY 2025), Brazil — Local Operating Expenses shows an upward trend with a 39.5% 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 signal operational inefficiency or aggressive investment in market share, while a decrease suggests improved cost discipline or economies of scale.
Detailed definition
This metric captures the recurring costs associated with running day-to-day operations in the Brazilian segment, excludi...
Peer comparison
Comparable to regional SG&A or operating expense line items for large-scale digital platforms.
meli_segment_brazil_local_operating_expensesHistorical Data
| 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 | $1.17B | $1.17B | $1.17B | $1.17B | $1.42B | $1.42B | $1.42B | $1.42B | $1.94B | $2.04B | $2.33B | $2.52B | $2.46B | $2.83B | $3.44B | $4.01B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +21.4% | +0.0% | +0.0% | +0.0% | +36.0% | +5.3% | +14.5% | +7.9% | -2.4% | +15.3% | +21.3% | +16.6% |
| YoY Change | — | — | — | — | +21.4% | +21.4% | +21.4% | +21.4% | +36.0% | +43.1% | +63.8% | +76.8% | +26.8% | +39.0% | +47.3% | +59.3% |
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Frequently Asked Questions
- What is Mercado Libre's brazil — local operating expenses?
- Mercado Libre (MELI) reported brazil — local operating expenses of $4.01B in Q4 2025.
- How has Mercado Libre's brazil — local operating expenses changed year-over-year?
- Mercado Libre's brazil — local operating expenses increased by 59.3% year-over-year, from $2.52B to $4.01B.
- What is the long-term trend for Mercado Libre's brazil — local operating expenses?
- Over 3 years (2022 to 2025), Mercado Libre's brazil — local operating expenses has grown at a 39.5% compound annual growth rate (CAGR), from $4.69B to $12.74B.
- What does brazil — local operating expenses mean?
- The total operating costs incurred to support business activities specifically within the Brazil segment.