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

- Company: MercadoLibre, Inc. (MELI)
- Period: 2024-01-01 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-ytd-q3-income-statement
- Chart image: https://plicit.ai/charts/meli-fy2024-ytd-q3-income-statement-sankey.png

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

Income statement for 2024-01-01 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**: 14,718,000,000 US dollars
- **Cost of net revenues and financial expenses**: 7,890,000,000 US dollars
- **Gross profit**: 6,828,000,000 US dollars
- **Total operating expenses**: 5,017,000,000 US dollars
- **Income from operations**: 1,811,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 142,000,000 US dollars
- **Net income before income tax expense and equity in earnings of unconsolidated entity**: 1,669,000,000 US dollars
- **Income tax expense**: 397,000,000 US dollars
- **Net income**: 1,272,000,000 US dollars
- **Credit revenues - Fintech**: 2,555,000,000 US dollars
- **Products Sales - Commerce**: 1,374,000,000 US dollars
- **Products Sales - Fintech**: 37,000,000 US dollars
- **Services - Commerce**: 7,231,000,000 US dollars
- **Services - Fintech**: 3,521,000,000 US dollars
- **Sales and marketing**: 1,555,000,000 US dollars
- **General and administrative**: 709,000,000 US dollars
- **Provision for doubtful accounts**: 1,331,000,000 US dollars
- **Product and technology development**: 1,422,000,000 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-ytd-q3-income-statement/revenue-by-subsegment
- Chart image: https://plicit.ai/charts/meli-fy2024-ytd-q3-revenue-by-subsegment-sankey.png

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

- **Net revenues and financial income**: 14,718,000,000 US dollars
- **Cost of net revenues and financial expenses**: 7,890,000,000 US dollars
- **Gross profit**: 6,828,000,000 US dollars
- **Total operating expenses**: 5,017,000,000 US dollars
- **Income from operations**: 1,811,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 142,000,000 US dollars
- **Net income before income tax expense and equity in earnings of unconsolidated entity**: 1,669,000,000 US dollars
- **Income tax expense**: 397,000,000 US dollars
- **Net income**: 1,272,000,000 US dollars
- **Commerce**: 8,605,000,000 US dollars
- **Fintech**: 6,113,000,000 US dollars
- **Sales and marketing**: 1,555,000,000 US dollars
- **General and administrative**: 709,000,000 US dollars
- **Provision for doubtful accounts**: 1,331,000,000 US dollars
- **Product and technology development**: 1,422,000,000 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-ytd-q3-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/meli-fy2024-ytd-q3-revenue-by-business-segment-sankey.png

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

- **Net revenues and financial income**: 14,718,000,000 US dollars
- **Cost of net revenues and financial expenses**: 7,890,000,000 US dollars
- **Gross profit**: 6,828,000,000 US dollars
- **Total operating expenses**: 5,017,000,000 US dollars
- **Income from operations**: 1,811,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 142,000,000 US dollars
- **Net income before income tax expense and equity in earnings of unconsolidated entity**: 1,669,000,000 US dollars
- **Income tax expense**: 397,000,000 US dollars
- **Net income**: 1,272,000,000 US dollars
- **Brazil**: 8,270,000,000 US dollars
- **Mexico**: 3,317,000,000 US dollars
- **Argentina**: 2,511,000,000 US dollars
- **Other Countries**: 620,000,000 US dollars
- **Sales and marketing**: 1,555,000,000 US dollars
- **General and administrative**: 709,000,000 US dollars
- **Provision for doubtful accounts**: 1,331,000,000 US dollars
- **Product and technology development**: 1,422,000,000 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-ytd-q3-income-statement/revenue-by-product-and-service
- Chart image: https://plicit.ai/charts/meli-fy2024-ytd-q3-revenue-by-product-and-service-sankey.png

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

- **Net revenues and financial income**: 14,718,000,000 US dollars
- **Cost of net revenues and financial expenses**: 7,890,000,000 US dollars
- **Gross profit**: 6,828,000,000 US dollars
- **Total operating expenses**: 5,017,000,000 US dollars
- **Income from operations**: 1,811,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 142,000,000 US dollars
- **Net income before income tax expense and equity in earnings of unconsolidated entity**: 1,669,000,000 US dollars
- **Income tax expense**: 397,000,000 US dollars
- **Net income**: 1,272,000,000 US dollars
- **Service**: 13,307,000,000 US dollars
- **Product**: 1,411,000,000 US dollars
- **Sales and marketing**: 1,555,000,000 US dollars
- **General and administrative**: 709,000,000 US dollars
- **Provision for doubtful accounts**: 1,331,000,000 US dollars
- **Product and technology development**: 1,422,000,000 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.