MercadoLibre (MELI) revenue breakdown
By segment, Brazil is the largest at 53% of fiscal 2025 revenue; Mexico grew fastest, 73% a year over 9 years.
By product, Net service revenues and financial income is the largest at 88% of fiscal 2025 revenue; Net product revenues grew fastest, 66% a year over 5 years.
Revenue by segment
Fiscal years, as MercadoLibre reports them in its 10-K filings; fiscal 2025 total $28.9B.
| Segments | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Brazil | $455M | $691M | $866M | $1.5B | $2.2B | $3.9B | $5.8B | $7.8B | $11.4B | $15.2B | 53% |
| Mexico | $46M | $51M | $109M | $275M | $575M | $1.2B | $1.9B | $3.1B | $4.7B | $6.5B | 22% |
| Argentina | $262M | $359M | $377M | $456M | $980M | $1.5B | $2.6B | $3.5B | $3.8B | $6.0B | 21% |
| Other countries | $44M | $61M | $88M | $103M | $225M | $456M | $514M | $665M | $889M | $1.3B | 4% |
| Venezuela Segment | — | $54M | — | — | — | — | — | — | — | — | — |
| Venezuela Segment | $37M | — | — | — | — | — | — | — | — | — | — |
Revenue by product
Fiscal years, as MercadoLibre reports them in its 10-K filings; fiscal 2025 total $28.9B.
| Products | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net service revenues and financial income | — | — | — | — | $3.7B | $6.1B | $9.7B | $13.6B | $18.6B | $25.3B | 88% |
| Net product revenues | — | — | — | — | $284M | $920M | $1.1B | $1.5B | $2.1B | $3.6B | 12% |
| Commerce | — | — | $839M | $1.3B | — | — | — | — | — | — | — |
| Fintech | — | — | $601M | $950M | — | — | — | — | — | — | — |
| Enchanced Marketplace | $548M | $737M | — | — | — | — | — | — | — | — | — |
| Non-marketplace | $296M | $479M | — | — | — | — | — | — | — | — | — |
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Where does MercadoLibre make its money?
In fiscal 2025, by segment: Brazil $15.2B, Mexico $6.5B, Argentina $6.0B, Other countries $1.3B.
From MercadoLibre's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.