What is Mercado Libre's other countries — local operating expenses?

Mercado Libre (MELI) reported other countries — local operating expenses of $342.00M in Q4 2025.

How has Mercado Libre's other countries — local operating expenses changed year-over-year?

Mercado Libre's other countries — local operating expenses increased by 56.2% year-over-year, from $219.00M to $342.00M.

What is the long-term trend for Mercado Libre's other countries — local operating expenses?

Over 3 years (2022 to 2025), Mercado Libre's other countries — local operating expenses has grown at a 31.6% compound annual growth rate (CAGR), from $453.00M to $1.03B.

What does other countries — local operating expenses mean?

The total day-to-day operating costs for the company's business activities in its secondary geographic markets.

Business Segments · Local Operating Expenses

Other Countries — Local Operating Expenses

Mercado Libre Other Countries — Local Operating Expenses increased by 35.7% to $342.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 56.2%, from $219.00M to $342.00M. Over 3 years (FY 2022 to FY 2025), Other Countries — Local Operating Expenses shows an upward trend with a 31.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementSegment

CategoryEfficiency

SignalLower is better

VolatilityModerate

First reportedQ1 2022

Last reportedQ4 2025

How to read this metric

An increase may signal aggressive market expansion or rising operational complexity, while a decrease suggests cost-cutting or improved operational leverage.

Detailed definition

This metric represents the total operating costs incurred specifically within the 'Other Countries' geographic segment,...

Peer comparison

Peers in similar growth stages often track regional SG&A to ensure that local market penetration does not outpace revenue growth.

Metric ID: meli_segment_other_countries_local_operating_expenses

Historical Data

16 periods

	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	$113.25M	$113.25M	$113.25M	$113.25M	$144.25M	$144.25M	$144.25M	$144.25M	$145.00M	$187.00M	$179.00M	$219.00M	$193.00M	$245.00M	$252.00M	$342.00M
QoQ Change	—	+0.0%	+0.0%	+0.0%	+27.4%	+0.0%	+0.0%	+0.0%	+0.5%	+29.0%	-4.3%	+22.3%	-11.9%	+26.9%	+2.9%	+35.7%
YoY Change	—	—	—	—	+27.4%	+27.4%	+27.4%	+27.4%	+0.5%	+29.6%	+24.1%	+51.8%	+33.1%	+31.0%	+40.8%	+56.2%

Range$113.25M – $342.00M

CAGR+34.3%

Avg YoY Growth+31.4%

Median YoY Growth+28.5%

Current Streak3 quarters growth

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Frequently Asked Questions

What is Mercado Libre's other countries — local operating expenses?: Mercado Libre (MELI) reported other countries — local operating expenses of $342.00M in Q4 2025.
How has Mercado Libre's other countries — local operating expenses changed year-over-year?: Mercado Libre's other countries — local operating expenses increased by 56.2% year-over-year, from $219.00M to $342.00M.
What is the long-term trend for Mercado Libre's other countries — local operating expenses?: Over 3 years (2022 to 2025), Mercado Libre's other countries — local operating expenses has grown at a 31.6% compound annual growth rate (CAGR), from $453.00M to $1.03B.
What does other countries — local operating expenses mean?: The total day-to-day operating costs for the company's business activities in its secondary geographic markets.