Mexico — Direct Contribution
Mercado Libre Mexico — Direct Contribution decreased by 9.7% to $344M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 58.5%, from $217M to $344M. Over 4 years (FY 2021 to FY 2025), Mexico — Direct Contribution shows an upward trend with a 144.1% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase signifies improved regional profitability and successful monetization of the local user base, whereas a decrease indicates potential challenges in regional unit economics.
Detailed definition
This metric measures the profitability of a specific geographic segment by subtracting direct costs and expenses from th...
Peer comparison
Comparable to segment-level operating income or contribution margin metrics used by global e-commerce platforms.
meli_segment_mexico_direct_contributionHistorical 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 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$2M | $6M | $20M | $36M | $65M | $81M | $132M | $146M | $200M | $190M | $164M | $224M | $194M | $192M | $244M | $217M | $268M | $305M | $381M | $344M |
| QoQ Change | — | +400.0% | +233.3% | +80.0% | +80.6% | +24.6% | +63.0% | +10.6% | +37.0% | -5.0% | -13.7% | +36.6% | -13.4% | -1.0% | +27.1% | -11.1% | +23.5% | +13.8% | +24.9% | -9.7% |
| YoY Change | — | — | — | — | >999% | >999% | +560.0% | +305.6% | +207.7% | +134.6% | +24.2% | +53.4% | -3.0% | +1.1% | +48.8% | -3.1% | +38.1% | +58.9% | +56.1% | +58.5% |
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Frequently Asked Questions
- What is Mercado Libre's mexico — direct contribution?
- Mercado Libre (MELI) reported mexico — direct contribution of $344M in Q1 2026.
- How has Mercado Libre's mexico — direct contribution changed year-over-year?
- Mercado Libre's mexico — direct contribution increased by 58.5% year-over-year, from $217M to $344M.
- What is the long-term trend for Mercado Libre's mexico — direct contribution?
- Over 4 years (2021 to 2025), Mercado Libre's mexico — direct contribution has grown at a 144.1% compound annual growth rate (CAGR), from $33M to $1.17B.
- What does mexico — direct contribution mean?
- The profit generated by a specific region after accounting for its direct operating costs.