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

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

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.