# MercadoLibre, Inc. (MELI) FY2025 Q1 P&L / Income Statement

- Company: MercadoLibre, Inc. (MELI)
- Period: 2025-01-01 to 2025-03-31
- Filing: Q1 FY2025 10-Q, filed 2025-05-08, accession number 0001099590-25-000028
- Page: https://plicit.ai/financials/meli/fy2025-q1-income-statement
- Chart image: https://plicit.ai/charts/meli-fy2025-q1-income-statement-sankey.png

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

Income statement for 2025-01-01 through 2025-03-31. View: Product and Service by Subsegments. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net revenues and financial income**: 5,935,000,000 US dollars
- **Cost of net revenues and financial expenses**: 3,164,000,000 US dollars
- **Gross Profit**: 2,771,000,000 US dollars
- **Operating Expenses**: 2,008,000,000 US dollars
- **Income from operations**: 763,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 57,000,000 US dollars
- **Net income before income tax expense**: 706,000,000 US dollars
- **Income Tax Expense (Benefit)**: 212,000,000 US dollars
- **Net income**: 494,000,000 US dollars
- **Credit revenues - Fintech**: 1,146,000,000 US dollars
- **Product Sales - Commerce**: 602,000,000 US dollars
- **Product Sales - Fintech**: 13,000,000 US dollars
- **Services - Commerce**: 2,701,000,000 US dollars
- **Services - Fintech**: 1,473,000,000 US dollars
- **Sales and marketing**: 599,000,000 US dollars
- **General and administrative**: 255,000,000 US dollars
- **Accounts Receivable, Credit Loss Expense (Reversal)**: 603,000,000 US dollars
- **Product and technology development**: 551,000,000 US dollars

### 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 equals net income.

## Chart details: Revenue by Subsegment

- Page: https://plicit.ai/financials/meli/fy2025-q1-income-statement/revenue-by-subsegment
- Chart image: https://plicit.ai/charts/meli-fy2025-q1-revenue-by-subsegment-sankey.png

Income statement for 2025-01-01 through 2025-03-31. View: Subsegments. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net revenues and financial income**: 5,935,000,000 US dollars
- **Cost of net revenues and financial expenses**: 3,164,000,000 US dollars
- **Gross Profit**: 2,771,000,000 US dollars
- **Operating Expenses**: 2,008,000,000 US dollars
- **Income from operations**: 763,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 57,000,000 US dollars
- **Net income before income tax expense**: 706,000,000 US dollars
- **Income Tax Expense (Benefit)**: 212,000,000 US dollars
- **Net income**: 494,000,000 US dollars
- **Commerce**: 3,303,000,000 US dollars
- **Fintech**: 2,632,000,000 US dollars
- **Sales and marketing**: 599,000,000 US dollars
- **General and administrative**: 255,000,000 US dollars
- **Accounts Receivable, Credit Loss Expense (Reversal)**: 603,000,000 US dollars
- **Product and technology development**: 551,000,000 US dollars

### 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 equals net income.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/meli/fy2025-q1-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/meli-fy2025-q1-revenue-by-business-segment-sankey.png

Income statement for 2025-01-01 through 2025-03-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net revenues and financial income**: 5,935,000,000 US dollars
- **Cost of net revenues and financial expenses**: 3,164,000,000 US dollars
- **Gross Profit**: 2,771,000,000 US dollars
- **Operating Expenses**: 2,008,000,000 US dollars
- **Income from operations**: 763,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 57,000,000 US dollars
- **Net income before income tax expense**: 706,000,000 US dollars
- **Income Tax Expense (Benefit)**: 212,000,000 US dollars
- **Net income**: 494,000,000 US dollars
- **Brazil**: 3,082,000,000 US dollars
- **Mexico**: 1,222,000,000 US dollars
- **Argentina**: 1,382,000,000 US dollars
- **Other Countries**: 249,000,000 US dollars
- **Sales and marketing**: 599,000,000 US dollars
- **General and administrative**: 255,000,000 US dollars
- **Accounts Receivable, Credit Loss Expense (Reversal)**: 603,000,000 US dollars
- **Product and technology development**: 551,000,000 US dollars

### 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 equals net income.

## Chart details: Revenue by Product and Service

- Page: https://plicit.ai/financials/meli/fy2025-q1-income-statement/revenue-by-product-and-service
- Chart image: https://plicit.ai/charts/meli-fy2025-q1-revenue-by-product-and-service-sankey.png

Income statement for 2025-01-01 through 2025-03-31. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net revenues and financial income**: 5,935,000,000 US dollars
- **Cost of net revenues and financial expenses**: 3,164,000,000 US dollars
- **Gross Profit**: 2,771,000,000 US dollars
- **Operating Expenses**: 2,008,000,000 US dollars
- **Income from operations**: 763,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 57,000,000 US dollars
- **Net income before income tax expense**: 706,000,000 US dollars
- **Income Tax Expense (Benefit)**: 212,000,000 US dollars
- **Net income**: 494,000,000 US dollars
- **Service**: 5,320,000,000 US dollars
- **Product**: 615,000,000 US dollars
- **Sales and marketing**: 599,000,000 US dollars
- **General and administrative**: 255,000,000 US dollars
- **Accounts Receivable, Credit Loss Expense (Reversal)**: 603,000,000 US dollars
- **Product and technology development**: 551,000,000 US dollars

### 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 equals net income.