Mercado Libre MELI Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Net revenues and financial income by Business | ||||||
| Argentina | $1.7B+5.3% | $1.61B+11.9% | $1.44B-5.6% | $1.53B+10.5% | $1.38B+5.7% | |
| Brazil | $4.77B+3.0% | $4.64B+15.7% | $4.01B+15.4% | $3.47B+12.7% | $3.08B-1.7% | |
| Mexico | $1.98B-5.7% | $2.1B+27.0% | $1.65B+9.6% | $1.51B+23.2% | $1.22B-9.3% | |
| Direct Contribution by Business | ||||||
| Argentina | $607M+1.2% | $600M+4.9% | $572M-13.5% | $661M+2.0% | $648M+5.7% | |
| Brazil | $389M-24.8% | $517M+8.8% | $475M-12.2% | $541M-0.2% | $542M-0.4% | |
| Mexico | $344M-9.7% | $381M+24.9% | $305M+13.8% | $268M+23.5% | $217M-11.1% | |
| Other Countries | $64M+6.7% | $60M+39.5% | $43M+53.6% | $28M-37.8% | $45M+12.5% | |
| Costs and Expenses by Business | ||||||
| Argentina | $1.09B+7.8% | $1.01B+16.5% | $869M+0.3% | $866M+18.0% | $734M+5.8% | |
| Brazil | $4.39B+6.4% | $4.12B+16.6% | $3.53B+20.5% | $2.93B+15.4% | $2.54B-2.0% | |
| Mexico | $1.63B-4.8% | $1.72B+27.4% | $1.35B+8.7% | $1.24B+23.2% | $1.01B-8.9% | |
| Other Countries | $333M-5.9% | $354M+33.6% | $265M+3.5% | $256M+25.5% | $204M-10.9% | |
| Local Operating Expenses by Business | ||||||
| Argentina | $1.07B+7.7% | $989M+16.6% | $848M+0.1% | $847M+18.6% | $714M+5.9% | |
| Brazil | $4.28B+6.7% | $4.01B+16.6% | $3.44B+21.3% | $2.83B+15.3% | $2.46B-2.4% | |
| Mexico | $1.55B-5.6% | $1.64B+28.0% | $1.28B+8.6% | $1.18B+22.7% | $960M-10.2% | |
| Other Countries | $320M-6.4% | $342M+35.7% | $252M+2.9% | $245M+26.9% | $193M-11.9% | |
| Depreciation, Depletion and Amortization by Business | ||||||
| Argentina | $26M+13.0% | $23M+9.5% | $21M+10.5% | $19M-5.0% | $20M0.0% | |
| Brazil | $107M-2.7% | $110M+15.8% | $95M-3.1% | $98M+18.1% | $83M+12.2% | |
| Mexico | $86M+10.3% | $78M+16.4% | $67M+11.7% | $60M+33.3% | $45M+32.4% | |
| Other Countries | $13M+8.3% | $12M-7.7% | $13M+18.2% | $11M0.0% | $11M+10.0% | |
| Operating Lease, Right-of-Use Asset by Business | ||||||
| Argentina | $126M+15.6% | $109M+18.5% | $92M+149% | $37M-7.5% | $40M0.0% | |
| Brazil | $967M+10.1% | $878M+2.1% | $860M+10.0% | $782M+31.9% | $593M+23.8% | |
| Mexico | $1.19B+7.4% | $1.1B+11.7% | $988M+29.0% | $766M+39.3% | $550M+10.0% | |
| Net revenues and financial income by Product | ||||||
| Credit revenues | $2.01B+8.7% | $1.85B+20.6% | $1.54B+15.8% | $1.33B+15.7% | $1.15B+9.7% | |
| Product Sales | $1.11B— | —— | $916M+12.9% | $811M+34.7% | $602M— | |
| Services | $3.76B-0.2% | $3.76B+15.5% | $3.26B+7.6% | $3.03B+12.1% | $2.7B-5.1% | |
| Committed contract, minimum annual cost by Product | ||||||
| Air Logistics Services | $282M-3.1% | $291M-3.3% | $301M+14.4% | $263M-3.3% | $272M+16.7% | |
| Logistic Services | $23M-11.5% | $26M-21.2% | $33M-5.7% | $35M-5.4% | $37M-5.1% | |
| Intangible Assets, Net (Including Goodwill) by Geography | ||||||
| Argentina | $14M-6.7% | $15M0.0% | $15M0.0% | $15M0.0% | $15M-6.3% | |
| Brazil | $92M+3.4% | $89M-6.3% | $95M+2.2% | $93M+2.2% | $91M+56.9% | |
| Mexico | $44M0.0% | $44M+2.3% | $43M+2.4% | $42M+2.4% | $41M+5.1% | |
| Other countries | $48M0.0% | $48M+4.3% | $46M-6.1% | $49M+4.3% | $47M-2.1% | |
| Operating Lease, Right-of-Use Asset by Geography | ||||||
| Other countries | $121M+13.1% | $107M+8.1% | $99M+30.3% | $76M0.0% | $76M0.0% | |
| U.S. | $2M-33.3% | $3M0.0% | $3M0.0% | $3M0.0% | $3M0.0% | |
| Goodwill and intangible assets by Geography | ||||||
| Argentina | $23M0.0% | $23M0.0% | $23M0.0% | $23M0.0% | $23M0.0% | |
| Brazil | $106M+5.0% | $101M-3.8% | $105M+2.9% | $102M+4.1% | $98M+53.1% | |
| Mexico | $49M0.0% | $49M+2.1% | $48M+2.1% | $47M+4.4% | $45M+4.7% | |
| Other countries | $73M-1.4% | $74M+4.2% | $71M-2.7% | $73M+2.8% | $71M0.0% | |
| Right of use asset by Geography | ||||||
| Argentina | $173M+13.1% | $153M+15.0% | $133M+72.7% | $77M-1.3% | $78M+2.6% | |
| Brazil | $1.25B+9.2% | $1.14B+4.5% | $1.09B+8.9% | $1B+30.5% | $768M+24.3% | |
| Mexico | $1.46B+8.2% | $1.35B+12.8% | $1.19B+26.9% | $941M+36.2% | $691M+12.2% | |
| Other countries | $177M+11.3% | $159M+9.7% | $145M+23.9% | $117M-2.5% | $120M+4.3% | |
| U.S. | $4M0.0% | $4M0.0% | $4M0.0% | $4M0.0% | $4M0.0% | |
| Currency translation adjustments by Geography | ||||||
| Argentina | $0— | $0— | $0— | $0— | $0— | |
| Brazil | $3M— | —— | $1M-66.7% | $3M-25.0% | $4M+157% | |
| Chile | -$1M-150% | $2M+300% | -$1M— | $0-100% | $1M+133% | |
| Colombia | $0-100% | $1M— | $0— | $0— | $0— | |
| Mexico | $0-100% | $1M0.0% | $1M-50.0% | $2M+100% | $1M+150% | |
| Other countries | $0— | $0— | $0— | $0— | $0— | |
| Property and equipment by Geography | ||||||
| Argentina | $587M+6.3% | $552M+6.0% | $521M+7.0% | $487M+6.1% | $459M+5.8% | |
| Brazil | $1.73B+9.5% | $1.58B+6.5% | $1.49B+13.5% | $1.31B+13.4% | $1.15B+7.1% | |
| Mexico | $1.41B+5.1% | $1.34B+17.1% | $1.15B+16.2% | $985M+22.7% | $803M+12.6% | |
| Other countries | $249M+3.3% | $241M+9.5% | $220M+5.3% | $209M+8.9% | $192M+7.9% | |
| U.S. | $10M0.0% | $10M0.0% | $10M0.0% | $10M0.0% | $10M0.0% | |
| Finite-Lived Intangible Assets, Accumulated Amortization by Geography | ||||||
| Argentina | $9M+12.5% | $8M0.0% | $8M0.0% | $8M0.0% | $8M+14.3% | |
| Brazil | $14M+16.7% | $12M+20.0% | $10M+11.1% | $9M+28.6% | $7M+16.7% | |
| Mexico | $5M0.0% | $5M0.0% | $5M0.0% | $5M+25.0% | $4M0.0% | |
| Other countries | $25M-3.8% | $26M+4.0% | $25M+4.2% | $24M0.0% | $24M+4.3% | |
| Operating Lease, Right-of-Use-Asset, Accumulated Amortization by Geography | ||||||
| Argentina | $47M+6.8% | $44M+7.3% | $41M+2.5% | $40M+5.3% | $38M+5.6% | |
| Brazil | $278M+6.1% | $262M+13.4% | $231M+5.0% | $220M+25.7% | $175M+25.9% | |
| Mexico | $272M+11.9% | $243M+18.0% | $206M+17.7% | $175M+24.1% | $141M+21.6% | |
| Other countries | $56M+7.7% | $52M+13.0% | $46M+12.2% | $41M-6.8% | $44M+12.8% | |
| U.S. | $2M+100% | $1M0.0% | $1M0.0% | $1M0.0% | $1M0.0% | |
| Goodwill by Geography | ||||||
| Argentina | $14M0.0% | $14M0.0% | $14M0.0% | $14M0.0% | $14M0.0% | |
| Brazil | $65M+4.8% | $62M-3.1% | $64M+1.6% | $63M+5.0% | $60M+7.1% | |
| Chile | $34M-2.9% | $35M+6.1% | $33M-2.9% | $34M0.0% | $34M+3.0% | |
| Colombia | $6M0.0% | $6M+20.0% | $5M0.0% | $5M0.0% | $5M0.0% | |
| Mexico | $44M0.0% | $44M+2.3% | $43M+2.4% | $42M+5.0% | $40M+2.6% | |
| Other countries | $2M0.0% | $2M0.0% | $2M0.0% | $2M0.0% | $2M0.0% | |
| Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, Accumulated Depreciation and Amortization by Geography | ||||||
| Argentina | $269M+7.6% | $250M+5.5% | $237M+6.3% | $223M+6.7% | $209M+5.0% | |
| Brazil | $726M+12.7% | $644M+4.9% | $614M+11.2% | $552M+14.8% | $481M-3.2% | |
| Mexico | $447M+10.9% | $403M+13.2% | $356M+13.0% | $315M+19.8% | $263M+10.0% | |
| Other countries | $126M+5.9% | $119M+8.2% | $110M+5.8% | $104M+9.5% | $95M+3.3% | |
| U.S. | $8M0.0% | $8M+14.3% | $7M0.0% | $7M0.0% | $7M+16.7% | |
| Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization by Geography | ||||||
| Argentina | $318M+5.3% | $302M+6.3% | $284M+7.6% | $264M+5.6% | $250M+6.4% | |
| Brazil | $1.01B+7.2% | $939M+7.7% | $872M+15.2% | $757M+12.5% | $673M+15.8% | |
| Mexico | $963M+2.7% | $938M+18.9% | $789M+17.8% | $670M+24.1% | $540M+13.9% | |
| U.S. | $2M0.0% | $2M-33.3% | $3M0.0% | $3M0.0% | $3M-25.0% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Mercado Libre break its business down?
- Mercado Libre (MELI) reports net revenues and financial income by business across 3 parts — Argentina, Brazil and Mexico. Each is extracted from the segment footnotes and tracked over time.
- Where does Mercado Libre's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Mercado Libre's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
