MercadoLibre Inc
mercadolibre.com.uyWhat Do They Do?
Runs an online marketplace where consumers and merchants buy and sell goods, and offers digital payments and financial services to consumers and merchants.
10-K for FY2025, filed Feb 25, 2026MercadoLibre, Inc. (together with its subsidiaries “us,” “we,” “our,” "MercadoLibre," or the “Company”) is the leading online commerce and…View ↗
We offer our users an ecosystem of integrated e-commerce and digital financial services, which includes: the Mercado Libre Marketplace, the…View ↗
Mercado Pago also offers an array of day-to-day financial services for consumers and merchants through our digital account. The digital…View ↗
How Do They Make Money?
Most revenue comes from services and financial income: sellers pay marketplace fees when transactions are completed, while payments, advertising, lending and memberships generate fees, interest or subscription income. Product sales bring in money when goods are delivered.
10-K for FY2025, filed Feb 25, 2026Our Commerce business is comprised of two primary revenue streams: Services and Product Sales. Our Services revenue stream is mainly…View ↗
Our Fintech business is comprised of three primary revenue streams: (a) Financial services and income, which includes revenues from…View ↗
■Revenues from intermediation services derived from final value fees and flat fees paid by sellers. Revenues related to final value fees…View ↗
■Revenues from subscription services include fees associated with MELI+ memberships and third party digital content subscriptions, and are…View ↗
■Revenues from interest earned on loans granted to merchants and consumers, and credit card transactions are recognized over the period of…View ↗
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10-K for FY2025, filed Feb 25, 2026
FY2025 revenue by product or service ↗
$28.9B
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10-K for FY2025, filed Feb 25, 2026
$28.9B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Net service revenues and financial income
|
88%
FY2022: 90%
|
Net service revenues and financial income, FY2025
$25.3B Sources
|
|
|
Net product revenues
Sold outright
10-K for FY2025, filed Feb 25, 2026 |
12%
FY2022: 10%
|
Net product revenues, FY2025
$3.6B Sources
|
Sold outright |
Who Are Their Customers?
Consumers buy goods through the marketplace app or website, while sellers list products there; merchants also use Mercado Pago for online and in-store payments.
10-K for FY2025, filed Feb 25, 2026The Mercado Libre Marketplace is a user-friendly online commerce platform that can be accessed through our mobile app or website.…View ↗
Beyond facilitating Marketplace transactions, over the years we have expanded our array of Mercado Pago services to third parties outside…View ↗
As we deployed our digitally-based payments solutions, we also observed that individuals and micro, small and medium-sized enterprises…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 7 cents of every revenue dollar as net income in FY2025 and turned 37 cents into free cash flow.
10-K for FY2025, filed Feb 25, 2026
$3.2BView ↗
10-K for FY2025, filed Feb 25, 2026
$2BView ↗
10-K for FY2025, filed Feb 25, 2026
$10.8BView ↗
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 6, 2026
Open tableView ↗
Growing. Revenue grew 4.1x in 4 years, from $7.1B in FY2021 to $28.9B in FY2025, about 42% a year.
Storefronts moved into the marketplace
Mercado Shops let sellers set up separate digital stores; the latest report says the service was discontinued and similar features moved into the marketplace.
10-K for FY2022, filed Feb 24, 2023 10-K for FY2025, filed Feb 25, 2026Mercado Shops is a service we offer to sellers to complement their business on our Marketplace. It is a digital storefront solution that…View ↗
Credit cards expanded geographically
Mercado Pago's credit-card offering expanded beyond Brazil to Mexico and Argentina.
10-K for FY2022, filed Feb 24, 2023 10-K for FY2025, filed Feb 25, 2026Consumers can access credit lines through us once we score and approve them through our proprietary models. Loans can be used for a…View ↗
Consumers can access credit lines once we score and approve them through our proprietary models. Loans can be used for a purchase on the…View ↗
Digital assets expanded
Mercado Pago's digital-asset feature extended beyond Brazil and Mexico to Chile, and the company added its Meli Dólar stablecoin.
10-K for FY2022, filed Feb 24, 2023 10-K for FY2025, filed Feb 25, 2026As an extension of our asset management and savings solutions for users, we launched a digital assets feature as part of the Mercado Pago…View ↗
As an extension of our asset management and savings solutions for users, we launched a digital assets feature as part of the Mercado Pago…View ↗
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