# MercadoLibre, Inc. (MELI) FY2024 Annual P&L / Income Statement

- Company: MercadoLibre, Inc. (MELI)
- Period: 2024-01-01 to 2024-12-31
- Filing: FY2024 10-K, filed 2025-02-21, accession number 0001099590-25-000007
- Page: https://plicit.ai/financials/meli/fy2024-annual-income-statement
- Chart image: https://plicit.ai/charts/meli-fy2024-annual-income-statement-sankey.png

## Chart details: Revenue by Product and Service

Income statement for 2024-01-01 through 2024-12-31. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net revenues and financial income**: 20,777,000,000 US dollars
- **Cost of net revenues and financial expenses**: 11,200,000,000 US dollars
- **Gross profit**: 9,577,000,000 US dollars
- **Total operating expenses**: 6,946,000,000 US dollars
- **Income from operations**: 2,631,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 199,000,000 US dollars
- **Net income before income tax expense and equity in earnings of unconsolidated entity**: 2,432,000,000 US dollars
- **Income tax expense**: 521,000,000 US dollars
- **Net income**: 1,911,000,000 US dollars
- **Net service revenues and financial income**: 18,638,000,000 US dollars
- **Net product revenues**: 2,139,000,000 US dollars
- **Sales and marketing**: 2,191,000,000 US dollars
- **General and administrative**: 963,000,000 US dollars
- **Product and technology development**: 1,934,000,000 US dollars
- **Provision for doubtful accounts**: 1,858,000,000 US dollars
- **Equity in earnings of unconsolidated entity**: 0 US dollars. Reported below-tax contribution to net income.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.

## Chart details: Revenue by Subsegment

- Page: https://plicit.ai/financials/meli/fy2024-annual-income-statement/revenue-by-subsegment
- Chart image: https://plicit.ai/charts/meli-fy2024-annual-revenue-by-subsegment-sankey.png

Income statement for 2024-01-01 through 2024-12-31. View: Subsegments. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net revenues and financial income**: 20,777,000,000 US dollars
- **Cost of net revenues and financial expenses**: 11,200,000,000 US dollars
- **Gross profit**: 9,577,000,000 US dollars
- **Total operating expenses**: 6,946,000,000 US dollars
- **Income from operations**: 2,631,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 199,000,000 US dollars
- **Net income before income tax expense and equity in earnings of unconsolidated entity**: 2,432,000,000 US dollars
- **Income tax expense**: 521,000,000 US dollars
- **Net income**: 1,911,000,000 US dollars
- **Commerce**: 12,159,000,000 US dollars
- **Fintech**: 8,618,000,000 US dollars
- **Sales and marketing**: 2,191,000,000 US dollars
- **General and administrative**: 963,000,000 US dollars
- **Product and technology development**: 1,934,000,000 US dollars
- **Provision for doubtful accounts**: 1,858,000,000 US dollars
- **Equity in earnings of unconsolidated entity**: 0 US dollars. Reported below-tax contribution to net income.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/meli/fy2024-annual-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/meli-fy2024-annual-revenue-by-business-segment-sankey.png

Income statement for 2024-01-01 through 2024-12-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net revenues and financial income**: 20,777,000,000 US dollars
- **Cost of net revenues and financial expenses**: 11,200,000,000 US dollars
- **Gross profit**: 9,577,000,000 US dollars
- **Total operating expenses**: 6,946,000,000 US dollars
- **Income from operations**: 2,631,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 199,000,000 US dollars
- **Net income before income tax expense and equity in earnings of unconsolidated entity**: 2,432,000,000 US dollars
- **Income tax expense**: 521,000,000 US dollars
- **Net income**: 1,911,000,000 US dollars
- **Brazil**: 11,406,000,000 US dollars
- **Mexico**: 4,664,000,000 US dollars
- **Argentina**: 3,818,000,000 US dollars
- **Other countries**: 889,000,000 US dollars
- **Sales and marketing**: 2,191,000,000 US dollars
- **General and administrative**: 963,000,000 US dollars
- **Product and technology development**: 1,934,000,000 US dollars
- **Provision for doubtful accounts**: 1,858,000,000 US dollars
- **Equity in earnings of unconsolidated entity**: 0 US dollars. Reported below-tax contribution to net income.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.