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+36.9% | $5.96B+56.2% | $5.66B+61.2% | $5.25B+55.0% | $4.59B+35.7% | |
| Brazil | $16.89B+41.8% | $15.2B+33.3% | $13.7B+29.9% | $12.6B+30.0% | $11.92B+36.1% | |
| Mexico | $7.23B+47.1% | $6.48B+38.8% | $5.73B+34.4% | $5.22B+33.5% | $4.92B+43.2% | |
| Direct Contribution by Business | ||||||
| Argentina | $2.44B+16.2% | $2.48B+48.1% | $2.49B+65.8% | $2.38B+57.5% | $2.1B+36.7% | |
| Brazil | $1.92B-15.2% | $2.08B-9.2% | $2.1B-6.2% | $2.13B-7.6% | $2.27B+7.9% | |
| Mexico | $1.3B+53.2% | $1.17B+37.1% | $1.03B+33.6% | $921M+19.3% | $847M+8.9% | |
| Other Countries | $195M+38.3% | $176M+50.4% | $156M+57.6% | $143M+95.9% | $141M+143% | |
| Costs and Expenses by Business | ||||||
| Argentina | $3.84B+54.4% | $3.48B+62.4% | $3.16B+65.0% | $2.87B+58.7% | $2.49B+38.6% | |
| Brazil | $14.97B+55.1% | $13.13B+43.9% | $11.6B+44.6% | $10.47B+47.5% | $9.65B+48.9% | |
| Mexico | $5.93B+45.8% | $5.3B+39.2% | $4.69B+42.2% | $4.3B+46.2% | $4.07B+61.1% | |
| Other Countries | $1.21B+47.1% | $1.08B+39.8% | $954M+36.9% | $880M+33.4% | $821M+33.2% | |
| Local Operating Expenses by Business | ||||||
| Argentina | $3.75B+55.6% | $3.4B+64.2% | $3.08B+66.8% | $2.79B+60.1% | $2.41B+39.0% | |
| Brazil | $14.56B+55.8% | $12.74B+44.3% | $11.25B+45.4% | $10.14B+48.6% | $9.35B+50.5% | |
| Mexico | $5.64B+44.4% | $5.05B+38.5% | $4.49B+42.8% | $4.12B+47.9% | $3.91B+64.1% | |
| Other Countries | $1.16B+49.0% | $1.03B+41.4% | $909M+38.7% | $836M+34.7% | $778M+34.7% | |
| Depreciation, Depletion and Amortization by Business | ||||||
| Argentina | $89M+15.6% | $83M+12.2% | $80M+16.8% | $78M+21.9% | $77M+27.3% | |
| Brazil | $410M+35.8% | $386M+32.2% | $350M+23.5% | $329M+19.6% | $302M+12.1% | |
| Mexico | $291M+80.7% | $250M+56.3% | $206M+29.4% | $178M+16.0% | $161M+12.0% | |
| Other Countries | $49M+14.0% | $47M+11.9% | $45M+8.4% | $44M+12.8% | $43M+11.7% | |
| Operating Lease, Right-of-Use Asset by Business | ||||||
| Argentina | $364M+126% | $278M+66.5% | $209M+17.4% | $155M-18.0% | $161M-18.3% | |
| Brazil | $3.49B+89.6% | $3.11B+91.3% | $2.71B+75.8% | $2.29B+57.3% | $1.84B+24.0% | |
| Mexico | $4.04B+124% | $3.41B+109% | $2.8B+85.4% | $2.24B+57.4% | $1.81B+30.8% | |
| Net revenues and financial income by Product | ||||||
| Credit revenues | $6.72B+69.1% | $5.86B+62.7% | $5.05B+53.2% | $4.43B+44.7% | $3.98B+43.0% | |
| Services | $13.81B+29.6% | $12.75B+26.5% | $11.83B+28.7% | $11.18B+33.3% | $10.65B+42.6% | |
| Committed contract, minimum annual cost by Product | ||||||
| Air Logistics Services | $1.14B— | $1.13B— | $1.07B— | —— | —— | |
| Logistic Services | $117M— | $131M— | $144M— | —— | —— | |
| Intangible Assets, Net (Including Goodwill) by Geography | ||||||
| Argentina | $59M+5.4% | $60M+11.1% | $61M+22.0% | $58M+13.7% | $56M+9.8% | |
| Brazil | $369M+35.7% | $368M+48.4% | $337M+30.6% | $304M+16.0% | $272M+1.1% | |
| Mexico | $173M+8.1% | $170M+3.7% | $165M-2.4% | $161M-7.5% | $160M-9.6% | |
| Other countries | $191M+0.5% | $190M+1.1% | $190M0.0% | $192M+1.1% | $190M-3.6% | |
| Operating Lease, Right-of-Use Asset by Geography | ||||||
| Other countries | $403M+42.4% | $358M+31.1% | $327M+21.6% | $296M+10.0% | $283M+0.4% | |
| U.S. | $11M— | $12M— | $12M— | —— | —— | |
| Goodwill and intangible assets by Geography | ||||||
| Argentina | $92M— | $92M— | $92M— | —— | —— | |
| Brazil | $414M— | $406M— | $369M— | —— | —— | |
| Mexico | $193M— | $189M— | $183M— | —— | —— | |
| Other countries | $291M— | $289M— | $286M— | —— | —— | |
| Right of use asset by Geography | ||||||
| Argentina | $536M— | $441M— | $364M— | —— | —— | |
| Brazil | $4.48B— | $4B— | $3.48B— | —— | —— | |
| Mexico | $4.94B— | $4.17B— | $3.44B— | —— | —— | |
| Other countries | $598M— | $541M— | $497M— | —— | —— | |
| U.S. | $16M— | $16M— | $16M— | —— | —— | |
| Currency translation adjustments by Geography | ||||||
| Argentina | $0— | $0— | $0— | $0— | $0— | |
| Chile | $0— | $2M— | -$3M— | —— | —— | |
| Colombia | $1M+200% | $1M+200% | $0— | -$1M— | -$1M— | |
| Mexico | $4M+157% | $5M+171% | $2M— | -$1M— | -$7M— | |
| Other countries | $0— | $0— | $0— | $0— | $0— | |
| Property and equipment by Geography | ||||||
| Argentina | $2.15B— | $2.02B— | $1.9B— | —— | —— | |
| Brazil | $6.11B— | $5.53B— | $5.03B— | —— | —— | |
| Mexico | $4.88B— | $4.27B— | $3.65B— | —— | —— | |
| Other countries | $919M— | $862M— | $799M— | —— | —— | |
| U.S. | $40M— | $40M— | $40M— | —— | —— | |
| Finite-Lived Intangible Assets, Accumulated Amortization by Geography | ||||||
| Argentina | $33M— | $32M— | $31M— | —— | —— | |
| Brazil | $45M— | $38M— | $32M— | —— | —— | |
| Mexico | $20M— | $19M— | $18M— | —— | —— | |
| Other countries | $100M— | $99M— | $96M— | —— | —— | |
| Operating Lease, Right-of-Use-Asset, Accumulated Amortization by Geography | ||||||
| Argentina | $172M— | $163M— | $155M— | —— | —— | |
| Brazil | $991M— | $888M— | $765M— | —— | —— | |
| Mexico | $896M— | $765M— | $638M— | —— | —— | |
| Other countries | $195M— | $183M— | $170M— | —— | —— | |
| U.S. | $5M— | $4M— | $4M— | —— | —— | |
| Goodwill by Geography | ||||||
| Argentina | $56M+16.7% | $56M+27.3% | $56M+40.0% | $52M+30.0% | $48M+20.0% | |
| Brazil | $254M+10.9% | $249M+7.8% | $243M+1.7% | $236M-3.3% | $229M-9.5% | |
| Chile | $136M-0.7% | $136M0.0% | $134M-4.3% | $137M-1.4% | $137M-4.9% | |
| Colombia | $22M+4.8% | $21M-4.5% | $20M-13.0% | $20M-16.7% | $21M-12.5% | |
| Mexico | $173M+8.8% | $169M+3.0% | $164M-3.0% | $160M-8.0% | $159M-10.2% | |
| 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— | $919M— | $868M— | —— | —— | |
| Brazil | $2.54B— | $2.29B— | $2.14B— | —— | —— | |
| Mexico | $1.52B— | $1.34B— | $1.17B— | —— | —— | |
| Other countries | $459M— | $428M— | $401M— | —— | —— | |
| U.S. | $30M— | $29M— | $27M— | —— | —— | |
| Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization by Geography | ||||||
| Argentina | $1.17B+25.9% | $1.1B+23.3% | $1.03B+19.4% | $975M+16.3% | $928M+14.3% | |
| Brazil | $3.58B+50.1% | $3.24B+41.0% | $2.88B+24.2% | $2.6B+14.7% | $2.38B+5.3% | |
| Mexico | $3.36B+92.1% | $2.94B+86.8% | $2.47B+71.4% | $2.06B+54.4% | $1.75B+41.4% | |
| U.S. | $10M-23.1% | $11M-8.3% | $13M+30.0% | $13M+44.4% | $13M+44.4% |
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.
