MercadoLibre, Inc. (MELI) Revenue by Segment

MercadoLibre revenue by segment at a glance

In Q2 fiscal 2026 (the quarter ended June 30, 2026), MercadoLibre's largest business segment was Brazil, with $5.53 billion or 54% of revenue, up 59.2% from a year earlier. Next: Mexico (23%), Argentina (18%) and Other Countries (5%).

By product or service, Service brought in 85% and Product brought in 15% of revenue in Q2 fiscal 2026.

By subsegment, Commerce brought in 57% and Fintech brought in 43% of revenue in Q2 fiscal 2026.

The fastest-growing business segment from a year earlier was Brazil (+59.2%).

From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2017.

MercadoLibre, Inc.

MELIEssential Consumer Products Uruguay

Uruguay

Essential Consumer Products

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

BrazilMexicoArgentinaOther CountriesVenezuela

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before
Brazil	USD 5.53B	54.4%	+59.2%
Mexico	USD 2.34B	23.0%	+55.2%
Argentina	USD 1.84B	18.1%	+20.4%
Other Countries	USD 463.00M	4.6%	+63.0%

Sum of items USD 10.17B. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18	Q3 FY18	Q2 FY18	Q1 FY18	Q4 FY17	Q3 FY17
Brazil	5.5B	4.8B	4.6B	4.0B	3.5B	3.1B	3.1B	2.9B	2.8B	2.6B	2.3B	2.1B	1.8B	1.6B	–	1.4B	1.5B	1.3B	–	1.1B	951.0M	769.0M	–	610.7M	465.3M	397.4M	–	389.9M	340.9M	302.4M	–	220.8M	195.8M	184.2M	–	176.6M
Mexico	2.3B	2.0B	2.1B	1.7B	1.5B	1.2B	1.3B	1.1B	1.2B	971.0M	942.0M	795.0M	724.0M	610.0M	–	465.0M	428.0M	364.0M	–	291.0M	259.0M	230.0M	–	150.4M	126.0M	94.8M	–	71.4M	64.4M	54.6M	–	29.0M	17.5M	17.1M	–	11.5M
Argentina	1.8B	1.7B	1.6B	1.4B	1.5B	1.4B	1.3B	1.0B	863.0M	615.0M	998.0M	910.0M	855.0M	787.0M	–	675.0M	594.0M	518.0M	–	393.0M	366.0M	297.0M	–	284.7M	239.2M	132.9M	–	116.2M	113.9M	93.8M	–	83.7M	100.1M	101.9M	–	91.3M
Other Countries	463.0M	397.0M	414.0M	308.0M	284.0M	249.0M	269.0M	221.0M	223.0M	176.0M	192.0M	159.0M	164.0M	150.0M	–	119.0M	124.0M	114.0M	–	111.0M	127.0M	82.0M	–	69.9M	47.9M	27.0M	–	25.5M	26.1M	23.0M	–	21.8M	21.9M	17.8M	–	15.8M
Venezuela	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	9.8M

MercadoLibre revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Brazil	$5.5B	$4.8B	$4.0B	$3.5B	54%
Mexico	$2.3B	$2.0B	$1.7B	$1.5B	23%
Argentina	$1.8B	$1.7B	$1.4B	$1.5B	18%
Other Countries	$463.0M	$397.0M	$308.0M	$284.0M	5%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

MercadoLibre revenue by product or service, last 4 quarters

Product or service	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Service	$8.7B	$7.7B	$6.5B	$6.0B	85%
Product	$1.5B	$1.1B	$933.0M	$826.0M	15%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

MercadoLibre revenue by subsegment, last 4 quarters

Subsegment	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Commerce	$5.8B	$4.9B	$4.2B	$3.8B	57%
Fintech	$4.4B	$4.0B	$3.2B	$3.0B	43%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Questions and answers

What are MercadoLibre's business segments?

Brazil, Mexico, Argentina and Other Countries (as reported for Q2 fiscal 2026).

Which business segment makes the most money for MercadoLibre?

Brazil: $5.53 billion, or 54% of revenue, in Q2 fiscal 2026.

What are MercadoLibre's main products and services?

By revenue in Q2 fiscal 2026: Service (85%) and Product (15%).

MoreMercadoLibre stock overview MercadoLibre financials MercadoLibre executive team MercadoLibre shareholders

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

BrazilMexicoArgentinaOther CountriesVenezuela

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before
Brazil	USD 5.53B	54.4%	+59.2%
Mexico	USD 2.34B	23.0%	+55.2%
Argentina	USD 1.84B	18.1%	+20.4%
Other Countries	USD 463.00M	4.6%	+63.0%

Sum of items USD 10.17B. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18	Q3 FY18	Q2 FY18	Q1 FY18	Q4 FY17	Q3 FY17
Brazil	5.5B	4.8B	4.6B	4.0B	3.5B	3.1B	3.1B	2.9B	2.8B	2.6B	2.3B	2.1B	1.8B	1.6B	–	1.4B	1.5B	1.3B	–	1.1B	951.0M	769.0M	–	610.7M	465.3M	397.4M	–	389.9M	340.9M	302.4M	–	220.8M	195.8M	184.2M	–	176.6M
Mexico	2.3B	2.0B	2.1B	1.7B	1.5B	1.2B	1.3B	1.1B	1.2B	971.0M	942.0M	795.0M	724.0M	610.0M	–	465.0M	428.0M	364.0M	–	291.0M	259.0M	230.0M	–	150.4M	126.0M	94.8M	–	71.4M	64.4M	54.6M	–	29.0M	17.5M	17.1M	–	11.5M
Argentina	1.8B	1.7B	1.6B	1.4B	1.5B	1.4B	1.3B	1.0B	863.0M	615.0M	998.0M	910.0M	855.0M	787.0M	–	675.0M	594.0M	518.0M	–	393.0M	366.0M	297.0M	–	284.7M	239.2M	132.9M	–	116.2M	113.9M	93.8M	–	83.7M	100.1M	101.9M	–	91.3M
Other Countries	463.0M	397.0M	414.0M	308.0M	284.0M	249.0M	269.0M	221.0M	223.0M	176.0M	192.0M	159.0M	164.0M	150.0M	–	119.0M	124.0M	114.0M	–	111.0M	127.0M	82.0M	–	69.9M	47.9M	27.0M	–	25.5M	26.1M	23.0M	–	21.8M	21.9M	17.8M	–	15.8M
Venezuela	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	9.8M