Below are the financial statements of MercadoLibre, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net service revenues and financial income | 18,638a | 13,617a | 9,685a |
| Net product revenues | 2,139a | 1,490a | 1,095a |
| Net revenues and financial income | 20,777a | 15,107a | 10,780a |
| Cost of net revenues and financial expenses | -11,200a | -7,517a | -5,582a |
| Gross profit | 9,577a | 7,590a | 5,198a |
| Operating expenses | — | — | — |
| Product and technology development | -1,934a | -1,831a | -1,099a |
| Sales and marketing | -2,191a | -1,736a | -1,296a |
| Provision for doubtful accounts | -1,858a | -1,050a | -1,073a |
| General and administrative | -963a | -766a | -661a |
| Total operating expenses | -6,946a | -5,383a | -4,129a |
| Income from operations | 2,631a | 2,207a | 1,069a |
| Other income (expenses) | — | — | — |
| Interest income and other financial gains | 148a | 135a | 44a |
| Interest expense and other financial losses | -165a | -174a | -135a |
| Foreign currency losses, net | -182a | -615a | -198a |
| Net income before income tax expense and equity in earnings of unconsolidated entity | 2,432a | 1,553a | 780a |
| Income tax expense | -521a | -569a | -298a |
| Equity in earnings of unconsolidated entity | 0a | 3a | 0a |
| Net income | 1,911a | 987a | 482a |
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