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

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

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.