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+22.9% | $1.61B+23.3% | $1.44B+39.5% | $1.53B+76.9% | $1.38B+125% | |
| Brazil | $4.77B+54.9% | $4.64B+47.9% | $4.01B+37.6% | $3.47B+24.7% | $3.08B+19.9% | |
| Mexico | $1.98B+61.7% | $2.1B+55.6% | $1.65B+44.2% | $1.51B+25.4% | $1.22B+25.8% | |
| Direct Contribution by Business | ||||||
| Argentina | $607M-6.3% | $600M-2.1% | $572M+25.2% | $661M+73.5% | $648M+189% | |
| Brazil | $389M-28.2% | $517M-5.0% | $475M-5.9% | $541M-20.0% | $542M-3.4% | |
| Mexico | $344M+58.5% | $381M+56.1% | $305M+58.9% | $268M+38.1% | $217M-3.1% | |
| Other Countries | $64M+42.2% | $60M+50.0% | $43M+43.3% | $28M+7.7% | $45M+114% | |
| Costs and Expenses by Business | ||||||
| Argentina | $1.09B+48.6% | $1.01B+45.8% | $869M+50.9% | $866M+79.7% | $734M+87.7% | |
| Brazil | $4.39B+72.6% | $4.12B+59.0% | $3.53B+46.8% | $2.93B+39.0% | $2.54B+26.4% | |
| Mexico | $1.63B+62.4% | $1.72B+55.5% | $1.35B+41.2% | $1.24B+22.9% | $1.01B+34.5% | |
| Other Countries | $333M+63.2% | $354M+54.6% | $265M+38.7% | $256M+29.9% | $204M+31.6% | |
| Local Operating Expenses by Business | ||||||
| Argentina | $1.07B+49.2% | $989M+46.7% | $848M+52.2% | $847M+82.5% | $714M+90.9% | |
| Brazil | $4.28B+74.1% | $4.01B+59.3% | $3.44B+47.3% | $2.83B+39.0% | $2.46B+26.8% | |
| Mexico | $1.55B+61.0% | $1.64B+53.1% | $1.28B+39.9% | $1.18B+22.2% | $960M+36.6% | |
| Other Countries | $320M+65.8% | $342M+56.2% | $252M+40.8% | $245M+31.0% | $193M+33.1% | |
| Depreciation, Depletion and Amortization by Business | ||||||
| Argentina | $26M+30.0% | $23M+15.0% | $21M+10.5% | $19M+5.6% | $20M+17.6% | |
| Brazil | $107M+28.9% | $110M+48.6% | $95M+28.4% | $98M+38.0% | $83M+13.7% | |
| Mexico | $86M+91.1% | $78M+129% | $67M+71.8% | $60M+39.5% | $45M+2.3% | |
| Other Countries | $13M+18.2% | $12M+20.0% | $13M+8.3% | $11M+10.0% | $11M+10.0% | |
| Operating Lease, Right-of-Use Asset by Business | ||||||
| Argentina | $126M+215% | $109M+173% | $92M+142% | $37M-14.0% | $40M-13.0% | |
| Brazil | $967M+63.1% | $878M+83.3% | $860M+96.8% | $782M+137% | $593M+55.6% | |
| Mexico | $1.19B+116% | $1.1B+121% | $988M+135% | $766M+129% | $550M+46.3% | |
| Net revenues and financial income by Product | ||||||
| Credit revenues | $2.01B+75.6% | $1.85B+77.1% | $1.54B+68.7% | $1.33B+51.5% | $1.15B+48.8% | |
| Product Sales | $1.11B+84.7% | —— | $916M+70.3% | $811M+73.3% | $602M+63.6% | |
| Services | $3.76B+39.1% | $3.76B+32.3% | $3.26B+25.3% | $3.03B+21.0% | $2.7B+26.9% | |
| Committed contract, minimum annual cost by Product | ||||||
| Air Logistics Services | $282M+3.7% | $291M+24.9% | $301M— | $263M— | $272M— | |
| Logistic Services | $23M-37.8% | $26M-33.3% | $33M— | $35M— | $37M— | |
| Intangible Assets, Net (Including Goodwill) by Geography | ||||||
| Argentina | $14M-6.7% | $15M-6.3% | $15M+25.0% | $15M+15.4% | $15M+15.4% | |
| Brazil | $92M+1.1% | $89M+53.4% | $95M+53.2% | $93M+52.5% | $91M+35.8% | |
| Mexico | $44M+7.3% | $44M+12.8% | $43M+10.3% | $42M+2.4% | $41M-8.9% | |
| Other countries | $48M+2.1% | $48M0.0% | $46M-4.2% | $49M+4.3% | $47M+4.4% | |
| Operating Lease, Right-of-Use Asset by Geography | ||||||
| Other countries | $121M+59.2% | $107M+40.8% | $99M+45.6% | $76M+20.6% | $76M+15.2% | |
| U.S. | $2M-33.3% | $3M0.0% | $3M— | $3M— | $3M— | |
| Goodwill and intangible assets by Geography | ||||||
| Argentina | $23M0.0% | $23M0.0% | $23M— | $23M— | $23M— | |
| Brazil | $106M+8.2% | $101M+57.8% | $105M— | $102M— | $98M— | |
| Mexico | $49M+8.9% | $49M+14.0% | $48M— | $47M— | $45M— | |
| Other countries | $73M+2.8% | $74M+4.2% | $71M— | $73M— | $71M— | |
| Right of use asset by Geography | ||||||
| Argentina | $173M+122% | $153M+101% | $133M— | $77M— | $78M— | |
| Brazil | $1.25B+62.1% | $1.14B+84.5% | $1.09B— | $1B— | $768M— | |
| Mexico | $1.46B+111% | $1.35B+119% | $1.19B— | $941M— | $691M— | |
| Other countries | $177M+47.5% | $159M+38.3% | $145M— | $117M— | $120M— | |
| U.S. | $4M0.0% | $4M0.0% | $4M— | $4M— | $4M— | |
| Currency translation adjustments by Geography | ||||||
| Argentina | $0— | $0— | $0— | $0— | $0— | |
| Brazil | $3M-25.0% | —— | $1M— | $3M+150% | $4M+300% | |
| Chile | -$1M-200% | $2M+167% | -$1M— | $0— | $1M+125% | |
| Colombia | $0— | $1M— | $0+100% | $0— | $0— | |
| Mexico | $0-100% | $1M+150% | $1M+150% | $2M+150% | $1M0.0% | |
| Other countries | $0— | $0— | $0— | $0— | $0— | |
| Property and equipment by Geography | ||||||
| Argentina | $587M+27.9% | $552M+27.2% | $521M— | $487M— | $459M— | |
| Brazil | $1.73B+50.2% | $1.58B+46.8% | $1.49B— | $1.31B— | $1.15B— | |
| Mexico | $1.41B+75.6% | $1.34B+88.1% | $1.15B— | $985M— | $803M— | |
| Other countries | $249M+29.7% | $241M+35.4% | $220M— | $209M— | $192M— | |
| U.S. | $10M0.0% | $10M0.0% | $10M— | $10M— | $10M— | |
| Finite-Lived Intangible Assets, Accumulated Amortization by Geography | ||||||
| Argentina | $9M+12.5% | $8M+14.3% | $8M— | $8M— | $8M— | |
| Brazil | $14M+100% | $12M+100% | $10M— | $9M— | $7M— | |
| Mexico | $5M+25.0% | $5M+25.0% | $5M— | $5M— | $4M— | |
| Other countries | $25M+4.2% | $26M+13.0% | $25M— | $24M— | $24M— | |
| Operating Lease, Right-of-Use-Asset, Accumulated Amortization by Geography | ||||||
| Argentina | $47M+23.7% | $44M+22.2% | $41M— | $40M— | $38M— | |
| Brazil | $278M+58.9% | $262M+88.5% | $231M— | $220M— | $175M— | |
| Mexico | $272M+92.9% | $243M+109% | $206M— | $175M— | $141M— | |
| Other countries | $56M+27.3% | $52M+33.3% | $46M— | $41M— | $44M— | |
| U.S. | $2M+100% | $1M0.0% | $1M— | $1M— | $1M— | |
| Goodwill by Geography | ||||||
| Argentina | $14M0.0% | $14M0.0% | $14M+40.0% | $14M+40.0% | $14M+40.0% | |
| Brazil | $65M+8.3% | $62M+10.7% | $64M+12.3% | $63M+12.5% | $60M-3.2% | |
| Chile | $34M0.0% | $35M+6.1% | $33M-8.3% | $34M0.0% | $34M+3.0% | |
| Colombia | $6M+20.0% | $6M+20.0% | $5M0.0% | $5M-16.7% | $5M-16.7% | |
| Mexico | $44M+10.0% | $44M+12.8% | $43M+10.3% | $42M+2.4% | $40M-11.1% | |
| 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+28.7% | $250M+25.6% | $237M— | $223M— | $209M— | |
| Brazil | $726M+50.9% | $644M+29.6% | $614M— | $552M— | $481M— | |
| Mexico | $447M+70.0% | $403M+68.6% | $356M— | $315M— | $263M— | |
| Other countries | $126M+32.6% | $119M+29.3% | $110M— | $104M— | $95M— | |
| U.S. | $8M+14.3% | $8M+33.3% | $7M— | $7M— | $7M— | |
| Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization by Geography | ||||||
| Argentina | $318M+27.2% | $302M+28.5% | $284M+25.7% | $264M+21.7% | $250M+16.8% | |
| Brazil | $1.01B+49.6% | $939M+61.6% | $872M+49.1% | $757M+39.4% | $673M+14.1% | |
| Mexico | $963M+78.3% | $938M+97.9% | $789M+110% | $670M+86.6% | $540M+48.8% | |
| U.S. | $2M-33.3% | $2M-50.0% | $3M0.0% | $3M0.0% | $3M+50.0% |
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.
