# MercadoLibre, Inc. (MELI) FY2024 Q3 P&L / Income Statement

- Company: MercadoLibre, Inc. (MELI)
- Period: 2024-07-01 to 2024-09-30
- Filing: Q3 FY2024 10-Q, filed 2024-11-07, accession number 0001099590-24-000042
- Page: https://plicit.ai/financials/meli/fy2024-q3-income-statement
- Chart image: https://plicit.ai/charts/meli-fy2024-q3-income-statement-sankey.png

## Chart details: Revenue by Product and Service by Subsegment

Income statement for 2024-07-01 through 2024-09-30. View: Product and Service by Subsegments. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net revenues and financial income**: 5,312,000,000 US dollars
- **Cost of net revenues and financial expenses**: 2,873,000,000 US dollars
- **Gross profit**: 2,439,000,000 US dollars
- **Total operating expenses**: 1,882,000,000 US dollars
- **Income from operations**: 557,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 37,000,000 US dollars
- **Net income before income tax expense and equity in earnings of unconsolidated entity**: 520,000,000 US dollars
- **Income tax expense**: 123,000,000 US dollars
- **Net income**: 397,000,000 US dollars
- **Credit revenues - Fintech**: 910,000,000 US dollars
- **Products Sales - Commerce**: 538,000,000 US dollars
- **Products Sales - Fintech**: 14,000,000 US dollars
- **Services - Commerce**: 2,601,000,000 US dollars
- **Services - Fintech**: 1,249,000,000 US dollars
- **Sales and marketing**: 566,000,000 US dollars
- **General and administrative**: 305,000,000 US dollars
- **Provision for doubtful accounts**: 507,000,000 US dollars
- **Product and technology development**: 504,000,000 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-q3-income-statement/revenue-by-subsegment
- Chart image: https://plicit.ai/charts/meli-fy2024-q3-revenue-by-subsegment-sankey.png

Income statement for 2024-07-01 through 2024-09-30. View: Subsegments. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net revenues and financial income**: 5,312,000,000 US dollars
- **Cost of net revenues and financial expenses**: 2,873,000,000 US dollars
- **Gross profit**: 2,439,000,000 US dollars
- **Total operating expenses**: 1,882,000,000 US dollars
- **Income from operations**: 557,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 37,000,000 US dollars
- **Net income before income tax expense and equity in earnings of unconsolidated entity**: 520,000,000 US dollars
- **Income tax expense**: 123,000,000 US dollars
- **Net income**: 397,000,000 US dollars
- **Commerce**: 3,139,000,000 US dollars
- **Fintech**: 2,173,000,000 US dollars
- **Sales and marketing**: 566,000,000 US dollars
- **General and administrative**: 305,000,000 US dollars
- **Provision for doubtful accounts**: 507,000,000 US dollars
- **Product and technology development**: 504,000,000 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-q3-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/meli-fy2024-q3-revenue-by-business-segment-sankey.png

Income statement for 2024-07-01 through 2024-09-30. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net revenues and financial income**: 5,312,000,000 US dollars
- **Cost of net revenues and financial expenses**: 2,873,000,000 US dollars
- **Gross profit**: 2,439,000,000 US dollars
- **Total operating expenses**: 1,882,000,000 US dollars
- **Income from operations**: 557,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 37,000,000 US dollars
- **Net income before income tax expense and equity in earnings of unconsolidated entity**: 520,000,000 US dollars
- **Income tax expense**: 123,000,000 US dollars
- **Net income**: 397,000,000 US dollars
- **Brazil**: 2,913,000,000 US dollars
- **Mexico**: 1,145,000,000 US dollars
- **Argentina**: 1,033,000,000 US dollars
- **Other Countries**: 221,000,000 US dollars
- **Sales and marketing**: 566,000,000 US dollars
- **General and administrative**: 305,000,000 US dollars
- **Provision for doubtful accounts**: 507,000,000 US dollars
- **Product and technology development**: 504,000,000 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 Product and Service

- Page: https://plicit.ai/financials/meli/fy2024-q3-income-statement/revenue-by-product-and-service
- Chart image: https://plicit.ai/charts/meli-fy2024-q3-revenue-by-product-and-service-sankey.png

Income statement for 2024-07-01 through 2024-09-30. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net revenues and financial income**: 5,312,000,000 US dollars
- **Cost of net revenues and financial expenses**: 2,873,000,000 US dollars
- **Gross profit**: 2,439,000,000 US dollars
- **Total operating expenses**: 1,882,000,000 US dollars
- **Income from operations**: 557,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 37,000,000 US dollars
- **Net income before income tax expense and equity in earnings of unconsolidated entity**: 520,000,000 US dollars
- **Income tax expense**: 123,000,000 US dollars
- **Net income**: 397,000,000 US dollars
- **Service**: 4,760,000,000 US dollars
- **Product**: 552,000,000 US dollars
- **Sales and marketing**: 566,000,000 US dollars
- **General and administrative**: 305,000,000 US dollars
- **Provision for doubtful accounts**: 507,000,000 US dollars
- **Product and technology development**: 504,000,000 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.