MercadoLibre (MELI) Revenue & Revenue Breakdown

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MercadoLibre Revenue Highlights

Latest Revenue (Y)

$14.47B

Latest Revenue (Q)

$4.76B

Main Segment (Y)

Service

Main Geography (Y)

Brazil Segment

MercadoLibre Revenue by Period

MercadoLibre Revenue by Year

Date	Revenue	Change
2023-12-31	$14.47B	37.35%
2022-12-31	$10.54B	49.05%
2021-12-31	$7.07B	77.92%
2020-12-31	$3.97B	73.04%
2019-12-31	$2.30B	59.50%
2018-12-31	$1.44B	2.97%
2017-12-31	$1.40B	65.57%
2016-12-31	$844.40M	29.55%
2015-12-31	$651.79M	17.12%
2014-12-31	$556.54M	17.76%
2013-12-31	$472.59M	26.50%
2012-12-31	$373.60M	24.98%
2011-12-31	$298.93M	37.94%
2010-12-31	$216.72M	25.38%
2009-12-31	$172.84M	26.14%
2008-12-31	$137.02M	60.96%
2007-12-31	$85.13M	63.52%
2006-12-31	$52.06M	84.28%
2005-12-31	$28.25M	123.08%
2004-12-31	$12.66M	126.13%
2003-12-31	$5.60M	229.41%
2002-12-31	$1.70M	-

MercadoLibre generated $14.47B in revenue during NA 2023, up 37.35% compared to the previous quarter, and up 1005.31% compared to the same period a year ago.

MercadoLibre Revenue by Quarter

Date	Revenue	Change
2024-09-30	$4.76B	-6.17%
2024-06-30	$5.07B	17.08%
2024-03-31	$4.33B	1.69%
2023-12-31	$4.26B	13.32%
2023-09-30	$3.76B	10.10%
2023-06-30	$3.42B	12.45%
2023-03-31	$3.04B	1.17%
2022-12-31	$3.00B	11.60%
2022-09-30	$2.69B	3.58%
2022-06-30	$2.60B	15.52%
2022-03-31	$2.25B	5.50%
2021-12-31	$2.13B	14.71%
2021-09-30	$1.86B	9.09%
2021-06-30	$1.70B	23.53%
2021-03-31	$1.38B	3.85%
2020-12-31	$1.33B	18.97%
2020-09-30	$1.12B	27.02%
2020-06-30	$878.37M	34.70%
2020-03-31	$652.09M	-3.29%
2019-12-31	$674.27M	11.81%
2019-09-30	$603.03M	10.60%
2019-06-30	$545.24M	15.09%
2019-03-31	$473.77M	10.69%
2018-12-31	$428.02M	20.47%
2018-09-30	$355.28M	5.93%
2018-06-30	$335.38M	4.49%
2018-03-31	$320.98M	-26.55%
2017-12-31	$436.98M	17.89%
2017-09-30	$370.66M	17.10%
2017-06-30	$316.53M	15.55%
2017-03-31	$273.93M	6.89%
2016-12-31	$256.27M	11.02%
2016-09-30	$230.85M	15.63%
2016-06-30	$199.64M	26.65%
2016-03-31	$157.63M	-12.78%
2015-12-31	$180.73M	7.17%
2015-09-30	$168.64M	9.28%
2015-06-30	$154.31M	4.19%
2015-03-31	$148.10M	-8.22%
2014-12-31	$161.37M	9.08%
2014-09-30	$147.93M	12.20%
2014-06-30	$131.85M	14.27%
2014-03-31	$115.38M	-14.30%
2013-12-31	$134.63M	9.41%
2013-09-30	$123.06M	9.69%
2013-06-30	$112.18M	9.21%
2013-03-31	$102.73M	-0.99%
2012-12-31	$103.75M	6.67%
2012-09-30	$97.27M	9.48%
2012-06-30	$88.84M	6.10%
2012-03-31	$83.74M	-3.16%
2011-12-31	$86.47M	5.93%
2011-09-30	$81.63M	17.66%
2011-06-30	$69.38M	12.88%
2011-03-31	$61.46M	-1.37%
2010-12-31	$62.32M	11.38%
2010-09-30	$55.95M	6.55%
2010-06-30	$52.51M	14.31%
2010-03-31	$45.94M	-6.29%
2009-12-31	$49.02M	-3.12%
2009-09-30	$50.60M	23.71%
2009-06-30	$40.90M	26.54%
2009-03-31	$32.32M	-3.37%
2008-12-31	$33.45M	-16.92%
2008-09-30	$40.26M	16.79%
2008-06-30	$34.47M	19.52%
2008-03-31	$28.84M	7.24%
2007-12-31	$26.89M	-

MercadoLibre generated $4.76B in revenue during Q3 2024, up -6.17% compared to the previous quarter, and up 139.39% compared to the same period a year ago.

MercadoLibre Revenue Breakdown

MercadoLibre Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Service	$12.98B	$9.44B	$6.15B	-	-
Product	$1.49B	$1.09B	$920.14M	-	-
Commerce	-	-	-	$2.56B	-
Fintech	-	-	-	$1.41B	-
Marketplace	-	-	-	-	$1.20B
Nonmarketplace	-	-	-	-	$1.10B

MercadoLibre's latest annual revenue breakdown by segment (product or service), as of Dec 23: Service (89.70%), and Product (10.30%).

Quarterly Revenue by Product

Product/Service	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
Service	$4.76B	$4.59B	$3.96B	$3.75B	$3.42B	$3.05B	$2.76B	$2.68B	$2.44B	$2.33B	$1.78B	$1.63B	$1.50B	$1.23B	-	-	-	-	-	-
Product	$552.00M	$481.00M	$378.00M	$511.00M	$341.00M	$364.00M	$274.00M	$326.00M	$253.00M	$265.00M	$348.03M	$226.54M	$198.03M	$147.54M	-	-	-	-	-	-
Commerce	-	-	-	-	-	-	-	-	-	-	$1.28B	$872.89M	$724.47M	$581.70M	$380.71M	-	-	-	-	-
Fintech	-	-	-	-	-	-	-	-	-	-	$971.00M	$454.41M	$391.24M	$296.67M	$271.38M	-	-	-	-	-
Marketplace	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$349.74M
Nonmarketplace	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$324.53M

MercadoLibre's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Service (89.61%), and Product (10.39%).

MercadoLibre Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Other Countries Segment	$653.00M	$507.00M	$456.44M	$223.97M	$103.34M
Brazil Segment	$7.59B	$5.67B	$3.91B	$2.19B	$1.46B
Mexico Segment	$2.98B	$1.86B	$1.17B	$575.17M	$275.13M

MercadoLibre's latest annual revenue breakdown by geography, as of Dec 23: Brazil Segment (67.61%), Mexico Segment (26.57%), and Other Countries Segment (5.81%).

Quarterly Revenue by Country

Country	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Mar 22	Sep 21	Jun 21	Mar 21	Sep 20	Jun 20	Mar 20	Sep 19	Jun 19	Mar 19	Sep 18	Jun 18	Mar 18
Other Countries Segment	$221.00M	$223.00M	$176.00M	$496.00M	$157.00M	$114.00M	$110.23M	$127.52M	$81.98M	$69.85M	$47.92M	$27.02M	$25.52M	$26.09M	$23.05M	$21.78M	$21.89M	$17.82M
Mexico Segment	$1.15B	$1.20B	$971.00M	$2.21B	$772.00M	$364.00M	$291.50M	$258.08M	$230.50M	$150.38M	$125.95M	$94.75M	$71.36M	$64.38M	$54.56M	$28.96M	$17.54M	$17.07M
Brazil Segment	$2.91B	$2.79B	$2.57B	$5.59B	$2.01B	$1.25B	$1.06B	$951.09M	$768.72M	$610.72M	$465.30M	$397.45M	$389.94M	$340.86M	$302.38M	$220.83M	$195.84M	$184.16M

MercadoLibre's latest quarterly revenue breakdown by geography, as of Sep 24: Brazil Segment (68.08%), Mexico Segment (26.76%), and Other Countries Segment (5.16%).

MercadoLibre Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
JD	JD	$1.08T	$260.05B
BABA	Alibaba Group	$941.17B	$221.87B
PDD	PDD	$247.64B	$86.81B
VIPS	Vipshop	$112.86B	$27.65B
MELI	MercadoLibre	$14.47B	$4.76B
SE	Sea	$13.08B	$3.73B
W	Wayfair	$12.00B	$2.88B
CHWY	Chewy	$11.15B	$2.86B
FTCH	Farfetch	$2.32B	$572.09M
GLBE	Global-e Online	$569.95M	$145.87M
JMIA	Jumia	$186.40M	$45.31M

MELI Revenue FAQ

What is MercadoLibre’s yearly revenue?

MercadoLibre's yearly revenue for 2023 was $14.47B, representing an increase of 37.35% compared to 2022. The company's yearly revenue for 2022 was $10.54B, representing an increase of 49.05% compared to 2021. MELI's yearly revenue for 2021 was $7.07B, representing an increase of 77.92% compared to 2020.

What is MercadoLibre’s quarterly revenue?

MercadoLibre's quarterly revenue for Q3 2024 was $4.76B, a -6.17% decrease from the previous quarter (Q2 2024), and a 26.60% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $5.07B, a 17.08% increase from the previous quarter (Q1 2024), and a 48.55% increase year-over-year (Q2 2023). MELI's quarterly revenue for Q1 2024 was $4.33B, a 1.69% increase from the previous quarter (Q4 2023), and a 42.67% increase year-over-year (Q1 2023).

What is MercadoLibre’s revenue growth rate?

MercadoLibre's revenue growth rate for the last 3 years (2021-2023) was 104.73%, and for the last 5 years (2019-2023) was 530.27%.

What are MercadoLibre’s revenue streams?

MercadoLibre's revenue streams in c 23 are Service, and Product. Service generated $12.98B in revenue, accounting 89.70% of the company's total revenue, up 37.50% year-over-year. Product generated $1.49B in revenue, accounting 10.30% of the company's total revenue, up 36.07% year-over-year.

What is MercadoLibre’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of MercadoLibre was Service. This segment made a revenue of $12.98B, representing 89.70% of the company's total revenue.