Mercado Libre MELI Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Net revenues and financial income by Business | ||||||
| Argentina | $6.28B+5.3% | $5.96B+5.4% | $5.66B+7.8% | $5.25B+14.5% | $4.59B+20.1% | |
| Brazil | $16.89B+11.1% | $15.2B+11.0% | $13.7B+8.7% | $12.6B+5.8% | $11.92B+4.5% | |
| Mexico | $7.23B+11.6% | $6.48B+13.1% | $5.73B+9.7% | $5.22B+6.2% | $4.92B+5.4% | |
| Direct Contribution by Business | ||||||
| Argentina | $2.44B-1.7% | $2.48B-0.5% | $2.49B+4.8% | $2.38B+13.3% | $2.1B+25.3% | |
| Brazil | $1.92B-7.4% | $2.08B-1.3% | $2.1B-1.4% | $2.13B-6.0% | $2.27B-0.8% | |
| Mexico | $1.3B+10.8% | $1.17B+13.2% | $1.03B+12.3% | $921M+8.7% | $847M-0.8% | |
| Other Countries | $195M+10.8% | $176M+12.8% | $156M+9.1% | $143M+1.4% | $141M+20.5% | |
| Costs and Expenses by Business | ||||||
| Argentina | $3.84B+10.3% | $3.48B+10.1% | $3.16B+10.2% | $2.87B+15.4% | $2.49B+16.0% | |
| Brazil | $14.97B+14.1% | $13.13B+13.2% | $11.6B+10.8% | $10.47B+8.5% | $9.65B+5.8% | |
| Mexico | $5.93B+11.8% | $5.3B+13.0% | $4.69B+9.1% | $4.3B+5.7% | $4.07B+6.8% | |
| Other Countries | $1.21B+12.0% | $1.08B+13.1% | $954M+8.4% | $880M+7.2% | $821M+6.3% | |
| Local Operating Expenses by Business | ||||||
| Argentina | $3.75B+10.3% | $3.4B+10.2% | $3.08B+10.4% | $2.79B+15.9% | $2.41B+16.4% | |
| Brazil | $14.56B+14.3% | $12.74B+13.3% | $11.25B+10.9% | $10.14B+8.5% | $9.35B+5.9% | |
| Mexico | $5.64B+11.6% | $5.05B+12.7% | $4.49B+8.9% | $4.12B+5.5% | $3.91B+7.0% | |
| Other Countries | $1.16B+12.3% | $1.03B+13.5% | $909M+8.7% | $836M+7.5% | $778M+6.6% | |
| Depreciation, Depletion and Amortization by Business | ||||||
| Argentina | $89M+7.2% | $83M+3.8% | $80M+2.6% | $78M+1.3% | $77M+4.1% | |
| Brazil | $410M+6.2% | $386M+10.3% | $350M+6.4% | $329M+8.9% | $302M+3.4% | |
| Mexico | $291M+16.4% | $250M+21.4% | $206M+15.7% | $178M+10.6% | $161M+0.6% | |
| Other Countries | $49M+4.3% | $47M+4.4% | $45M+2.3% | $44M+2.3% | $43M+2.4% | |
| Operating Lease, Right-of-Use Asset by Business | ||||||
| Argentina | $364M+30.9% | $278M+33.0% | $209M+34.8% | $155M-3.7% | $161M-3.6% | |
| Brazil | $3.49B+12.0% | $3.11B+14.7% | $2.71B+18.5% | $2.29B+24.6% | $1.84B+13.0% | |
| Mexico | $4.04B+18.7% | $3.41B+21.5% | $2.8B+25.3% | $2.24B+23.9% | $1.81B+10.7% | |
| Net revenues and financial income by Product | ||||||
| Credit revenues | $6.72B+14.8% | $5.86B+16.0% | $5.05B+14.1% | $4.43B+11.3% | $3.98B+10.4% | |
| Services | $13.81B+8.3% | $12.75B+7.8% | $11.83B+5.9% | $11.18B+4.9% | $10.65B+5.7% | |
| Committed contract, minimum annual cost by Product | ||||||
| Air Logistics Services | $1.14B+0.9% | $1.13B+5.4% | $1.07B— | —— | —— | |
| Logistic Services | $117M-10.7% | $131M-9.0% | $144M— | —— | —— | |
| Intangible Assets, Net (Including Goodwill) by Geography | ||||||
| Argentina | $59M-1.7% | $60M-1.6% | $61M+5.2% | $58M+3.6% | $56M+3.7% | |
| Brazil | $369M+0.3% | $368M+9.2% | $337M+10.9% | $304M+11.8% | $272M+9.7% | |
| Mexico | $173M+1.8% | $170M+3.0% | $165M+2.5% | $161M+0.6% | $160M-2.4% | |
| Other countries | $191M+0.5% | $190M0.0% | $190M-1.0% | $192M+1.1% | $190M+1.1% | |
| Operating Lease, Right-of-Use Asset by Geography | ||||||
| Other countries | $403M+12.6% | $358M+9.5% | $327M+10.5% | $296M+4.6% | $283M+3.7% | |
| U.S. | $11M-8.3% | $12M0.0% | $12M— | —— | —— | |
| Goodwill and intangible assets by Geography | ||||||
| Argentina | $92M0.0% | $92M0.0% | $92M— | —— | —— | |
| Brazil | $414M+2.0% | $406M+10.0% | $369M— | —— | —— | |
| Mexico | $193M+2.1% | $189M+3.3% | $183M— | —— | —— | |
| Other countries | $291M+0.7% | $289M+1.0% | $286M— | —— | —— | |
| Right of use asset by Geography | ||||||
| Argentina | $536M+21.5% | $441M+21.2% | $364M— | —— | —— | |
| Brazil | $4.48B+11.9% | $4B+15.0% | $3.48B— | —— | —— | |
| Mexico | $4.94B+18.4% | $4.17B+21.2% | $3.44B— | —— | —— | |
| Other countries | $598M+10.5% | $541M+8.9% | $497M— | —— | —— | |
| U.S. | $16M0.0% | $16M0.0% | $16M— | —— | —— | |
| Currency translation adjustments by Geography | ||||||
| Argentina | $0— | $0— | $0— | $0— | $0— | |
| Chile | $0-100% | $2M+167% | -$3M— | —— | —— | |
| Colombia | $1M0.0% | $1M— | $0+100% | -$1M0.0% | -$1M0.0% | |
| Mexico | $4M-20.0% | $5M+150% | $2M+300% | -$1M+85.7% | -$7M0.0% | |
| Other countries | $0— | $0— | $0— | $0— | $0— | |
| Property and equipment by Geography | ||||||
| Argentina | $2.15B+6.3% | $2.02B+6.2% | $1.9B— | —— | —— | |
| Brazil | $6.11B+10.5% | $5.53B+10.0% | $5.03B— | —— | —— | |
| Mexico | $4.88B+14.2% | $4.27B+17.2% | $3.65B— | —— | —— | |
| Other countries | $919M+6.6% | $862M+7.9% | $799M— | —— | —— | |
| U.S. | $40M0.0% | $40M0.0% | $40M— | —— | —— | |
| Finite-Lived Intangible Assets, Accumulated Amortization by Geography | ||||||
| Argentina | $33M+3.1% | $32M+3.2% | $31M— | —— | —— | |
| Brazil | $45M+18.4% | $38M+18.8% | $32M— | —— | —— | |
| Mexico | $20M+5.3% | $19M+5.6% | $18M— | —— | —— | |
| Other countries | $100M+1.0% | $99M+3.1% | $96M— | —— | —— | |
| Operating Lease, Right-of-Use-Asset, Accumulated Amortization by Geography | ||||||
| Argentina | $172M+5.5% | $163M+5.2% | $155M— | —— | —— | |
| Brazil | $991M+11.6% | $888M+16.1% | $765M— | —— | —— | |
| Mexico | $896M+17.1% | $765M+19.9% | $638M— | —— | —— | |
| Other countries | $195M+6.6% | $183M+7.6% | $170M— | —— | —— | |
| U.S. | $5M+25.0% | $4M0.0% | $4M— | —— | —— | |
| Goodwill by Geography | ||||||
| Argentina | $56M0.0% | $56M0.0% | $56M+7.7% | $52M+8.3% | $48M+9.1% | |
| Brazil | $254M+2.0% | $249M+2.5% | $243M+3.0% | $236M+3.1% | $229M-0.9% | |
| Chile | $136M0.0% | $136M+1.5% | $134M-2.2% | $137M0.0% | $137M+0.7% | |
| Colombia | $22M+4.8% | $21M+5.0% | $20M0.0% | $20M-4.8% | $21M-4.5% | |
| Mexico | $173M+2.4% | $169M+3.0% | $164M+2.5% | $160M+0.6% | $159M-3.0% | |
| Other countries | $8M0.0% | $8M0.0% | $8M0.0% | $8M0.0% | $8M0.0% | |
| Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, Accumulated Depreciation and Amortization by Geography | ||||||
| Argentina | $979M+6.5% | $919M+5.9% | $868M— | —— | —— | |
| Brazil | $2.54B+10.7% | $2.29B+6.9% | $2.14B— | —— | —— | |
| Mexico | $1.52B+13.8% | $1.34B+14.0% | $1.17B— | —— | —— | |
| Other countries | $459M+7.2% | $428M+6.7% | $401M— | —— | —— | |
| U.S. | $30M+3.4% | $29M+7.4% | $27M— | —— | —— | |
| Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization by Geography | ||||||
| Argentina | $1.17B+6.2% | $1.1B+6.5% | $1.03B+5.9% | $975M+5.1% | $928M+4.0% | |
| Brazil | $3.58B+10.3% | $3.24B+12.4% | $2.88B+11.1% | $2.6B+9.0% | $2.38B+3.6% | |
| Mexico | $3.36B+14.4% | $2.94B+18.8% | $2.47B+20.0% | $2.06B+17.8% | $1.75B+11.3% | |
| U.S. | $10M-9.1% | $11M-15.4% | $13M0.0% | $13M0.0% | $13M+8.3% |
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.
