What is Mercado Libre's brazil — operating lease, right-of-use asset?

Mercado Libre (MELI) reported brazil — operating lease, right-of-use asset of $967M in Q1 2026.

How has Mercado Libre's brazil — operating lease, right-of-use asset changed year-over-year?

Mercado Libre's brazil — operating lease, right-of-use asset increased by 63.1% year-over-year, from $593M to $967M.

What is the long-term trend for Mercado Libre's brazil — operating lease, right-of-use asset?

Over 2 years (2023 to 2025), Mercado Libre's brazil — operating lease, right-of-use asset has grown at a 48.6% compound annual growth rate (CAGR), from $1.41B to $3.11B.

What does brazil — operating lease, right-of-use asset mean?

The balance sheet value of leased physical assets like warehouses and offices used in the Brazil segment.

Business Segments · Operating Lease, Right-of-Use Asset

Brazil — Operating Lease, Right-of-Use Asset

Mercado Libre Brazil — Operating Lease, Right-of-Use Asset increased by 10.1% to $967M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 63.1%, from $593M to $967M. Over 2 years (FY 2023 to FY 2025), Brazil — Operating Lease, Right-of-Use Asset shows an upward trend with a 48.6% CAGR.

Analysis

StatementSegment

CategoryCapital Allocation

SignalContext dependent

VolatilityStable

First reportedQ4 2022

Last reportedQ1 2026May 8, 2026

Rolls up toOperating Lease ROU Assets

How to read this metric

An increase typically signals aggressive investment in physical infrastructure and logistics capacity, whereas a decrease may indicate asset optimization or a shift toward asset-light models.

Detailed definition

This metric reflects the capitalized value of right-of-use assets arising from operating leases for facilities, warehous...

Peer comparison

Comparable to right-of-use asset balances reported under IFRS 16 or ASC 842 by logistics-heavy retail and e-commerce companies.

Metric ID: meli_segment_brazil_operating_lease_right_of_use_asset

Historical Data

14 periods

	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	Q1 '26
Value	$286M	$308M	$357M	$349M	$396M	$381M	$330M	$437M	$479M	$593M	$782M	$860M	$878M	$967M
QoQ Change	—	+7.7%	+15.9%	-2.2%	+13.5%	-3.8%	-13.4%	+32.4%	+9.6%	+23.8%	+31.9%	+10.0%	+2.1%	+10.1%
YoY Change	—	—	—	—	+38.5%	+23.7%	-7.6%	+25.2%	+21.0%	+55.6%	+137.0%	+96.8%	+83.3%	+63.1%

Range$286M – $967M

CAGR+45.5%

Avg YoY Growth+53.7%

Median YoY Growth+47.1%

Current Streak7 quarters growth

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Frequently Asked Questions

What is Mercado Libre's brazil — operating lease, right-of-use asset?: Mercado Libre (MELI) reported brazil — operating lease, right-of-use asset of $967M in Q1 2026.
How has Mercado Libre's brazil — operating lease, right-of-use asset changed year-over-year?: Mercado Libre's brazil — operating lease, right-of-use asset increased by 63.1% year-over-year, from $593M to $967M.
What is the long-term trend for Mercado Libre's brazil — operating lease, right-of-use asset?: Over 2 years (2023 to 2025), Mercado Libre's brazil — operating lease, right-of-use asset has grown at a 48.6% compound annual growth rate (CAGR), from $1.41B to $3.11B.
What does brazil — operating lease, right-of-use asset mean?: The balance sheet value of leased physical assets like warehouses and offices used in the Brazil segment.