# MERCADOLIBRE INC

Summary updated: 2026-10-03T22:01:08.077304Z
Canonical: https://finbar.com/research/companies/mercadolibre

## Overview

MercadoLibre, Inc. is a Latin American commerce and financial-technology company whose ecosystem connects consumers and merchants through online buying and selling, payment processing, and financial services. Its principal business lines are Commerce and Fintech, including its marketplace, Mercado Pago payments and financial products, credit, logistics, advertising, and commerce tools. The company reports that its e-commerce platform operates in 18 countries and Mercado Pago in eight. [1](https://app.finbar.com/go?id=P83045683)[2](https://app.finbar.com/go?id=P47160932)[3](https://app.finbar.com/go?id=P21782036)

The company states that its mission is to democratize commerce and financial services. Incorporated in Delaware in October 1999, MercadoLibre reported 2025 net revenues and financial income of $28.893 billion and a workforce of 123,670 employees. [4](https://news.mercadolibre.com/que-es-mercado-libre)[5](https://app.finbar.com/go?id=P30648563)[6](https://app.finbar.com/go?id=T10556405)[7](https://app.finbar.com/go?id=P107353465)
[1](https://app.finbar.com/go?id=P83045683)[2](https://app.finbar.com/go?id=P47160932)[3](https://app.finbar.com/go?id=P21782036)[5](https://app.finbar.com/go?id=P30648563)[6](https://app.finbar.com/go?id=T10556405)[7](https://app.finbar.com/go?id=P107353465)[4](https://news.mercadolibre.com/que-es-mercado-libre)

## Products & services

Mercado Libre Marketplace is a web- and app-based marketplace offering products across categories including electronics, apparel and beauty, home goods, automotive accessories, toys, books and entertainment, and consumer packaged goods. Most sales are from third-party sellers; first-party sales in selected categories account for less than 10% of GMV. Its Classifieds service lets users list vehicles, properties and services, charging listing fees rather than fees on completed transactions. [8](https://app.finbar.com/go?id=P147475439)

Mercado Envios provides shipping and fulfillment through fulfillment centers, cross-docking, seller drop-off and buyer pickup and returns locations, and transportation services. Eligible sellers may also receive shipping subsidies. Mercado Ads offers Product Ads (sponsored listings), Brands Ads (product carousels), Display Ads and Video Ads, using audience targeting informed by engagement data; display and video placements are available both on and off the marketplace. [9](https://app.finbar.com/go?id=P147475440)[10](https://app.finbar.com/go?id=P147475441)

Mercado Pago provides marketplace payment processing and off-platform payment services, including merchant checkout and payment links, point-of-sale and QR payments. Mercado Crédito offers loans primarily to merchant and consumer users. Mercado Pago also offers asset-management products that remunerate balances while keeping funds accessible, and in Brazil, Mexico and Chile users can buy, hold and sell selected digital assets in-app. Meli Dólar, a U.S.-dollar-pegged stablecoin launched in those markets, can be bought, held and sold without fees. [11](https://app.finbar.com/go?id=P147475442)[12](https://app.finbar.com/go?id=P147475443)[13](https://app.finbar.com/go?id=P147475444)[14](https://app.finbar.com/go?id=P147475445)[15](https://app.finbar.com/go?id=P147475446)[16](https://app.finbar.com/go?id=P147475682)
[8](https://app.finbar.com/go?id=P147475439)[9](https://app.finbar.com/go?id=P147475440)[10](https://app.finbar.com/go?id=P147475441)[11](https://app.finbar.com/go?id=P147475442)[12](https://app.finbar.com/go?id=P147475443)[13](https://app.finbar.com/go?id=P147475444)[14](https://app.finbar.com/go?id=P147475445)[15](https://app.finbar.com/go?id=P147475446)[16](https://app.finbar.com/go?id=P147475682)

## Geographic presence

MercadoLibre’s 2025 filing lists its e-commerce platforms in 18 countries: Argentina, Brazil, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, Peru, Mexico, Panama, Honduras, Nicaragua, El Salvador, Uruguay, Bolivia, Guatemala, Paraguay and Venezuela. Mercado Pago was present in Argentina, Brazil, Mexico, Colombia, Chile, Peru, Uruguay and Ecuador. Venezuela was deconsolidated in December 2017, so platform presence there should not be taken to mean it was a consolidated operating market. [17](https://app.finbar.com/go?id=P115928920)[1](https://app.finbar.com/go?id=P83045683) The filing identifies the principal executive office in Montevideo, Uruguay. [18](https://www.sec.gov/Archives/edgar/data/1099590/000109959026000006/meli-20251231.htm)

For 2025, geographic net revenues and financial income totaled $28.893 billion: Brazil $15.201 billion (52.6%), Mexico $6.475 billion (22.4%), Argentina $5.962 billion (20.6%) and Other Countries $1.255 billion (4.3%). “Other Countries” is an aggregated reporting segment; the company says it includes Bermuda, Chile, China, Colombia, Costa Rica, Ecuador, Peru, Uruguay and the United States. [19](https://app.finbar.com/go?id=T10086833)[20](https://app.finbar.com/go?id=P120194511)
[17](https://app.finbar.com/go?id=P115928920)[1](https://app.finbar.com/go?id=P83045683)[19](https://app.finbar.com/go?id=T10086833)[19](https://app.finbar.com/go?id=T10086833)[19](https://app.finbar.com/go?id=T10086833)[19](https://app.finbar.com/go?id=T10086833)[19](https://app.finbar.com/go?id=T10086833)[20](https://app.finbar.com/go?id=P120194511)[18](https://www.sec.gov/Archives/edgar/data/1099590/000109959026000006/meli-20251231.htm)

## Business segments

MercadoLibre’s formally reported operating segments are geographic: Brazil, Mexico, Argentina, and Other countries. “Other countries” includes Bermuda, Chile, China, Colombia, Costa Rica, Ecuador, Peru, Uruguay, and the United States. Based on FY2025 net revenues and financial income, the segments contributed approximately 52.6%, 22.4%, 20.6%, and 4.3%, respectively. [21](https://app.finbar.com/go?id=P94355121)[19](https://app.finbar.com/go?id=T10086833)

The company also discloses revenue by business line, but these are not its reportable operating segments. In FY2025, Commerce contributed about 56.4% of revenue ($16.3 billion), comprising commerce services and product sales; Fintech contributed about 43.6% ($12.6 billion), including financial services and income, credit revenues, and fintech product sales. [22](https://app.finbar.com/go?id=T4245584) Fintech (Mercado Pago) includes payment-related services and credit activity. [2](https://app.finbar.com/go?id=P47160932)[1](https://app.finbar.com/go?id=P83045683)
[21](https://app.finbar.com/go?id=P94355121)[19](https://app.finbar.com/go?id=T10086833)[22](https://app.finbar.com/go?id=T4245584)[2](https://app.finbar.com/go?id=P47160932)[1](https://app.finbar.com/go?id=P83045683)

## Company history

Mercado Libre was founded in Buenos Aires in 1999, with Marcos Galperin, Hernán Kazah and Stelleo Tolda among its founders, as an online marketplace. It began expanding regionally soon after, reaching Colombia in 2000 and entering Brazil in 2001 through the acquisition of iBazar’s Brazilian subsidiary, alongside an agreement that brought eBay in as a shareholder. [5](https://app.finbar.com/go?id=P30648563)[23](https://news.mercadolibre.com/historia-de-mercado-libre)[24](https://www.gsb.stanford.edu/insights/mercado-libre-founders-it-takes-patience-resilience)[25](https://www.gov.br/fazenda/pt-br/central-de-conteudo/pareceres/2002/comercio-e-servicos/internet/pcracmercadolibreibazarnohana.pdf)

In 2003, the company launched Mercado Pago in Argentina as a payment service for marketplace transactions. Mercado Libre completed its IPO and began trading on Nasdaq in 2007, then acquired DeRemate’s operations in Argentina, Chile, Mexico and Colombia in 2008. [26](https://www.mercadopago.com.br/blog/historia-do-mercado-pago)[27](https://www.sec.gov/Archives/edgar/data/1099590/000119312507178904/d424b1.htm)[28](https://www.sec.gov/Archives/edgar/data/1099590/000119312508238679/dex991.htm)

In 2013, Mercado Libre introduced Mercado Envíos, extending its marketplace operations into shipping and logistics. In 2021, it announced the acquisition of Kangu, a logistics operator active in Brazil, Colombia and Mexico. Effective January 1, 2026, Ariel Szarfsztejn became President and CEO, while Galperin became Executive Chairman. [29](https://www.mercadolibre.com.co/institucional/hacemos/que-es-mercado-envios)[30](https://www.mercadolibre.com.ar/institucional/comunicamos/noticias/adquisicion-de-kangu)[31](https://app.finbar.com/go?id=P119056554)[17](https://app.finbar.com/go?id=P115928920)[1](https://app.finbar.com/go?id=P83045683)
[5](https://app.finbar.com/go?id=P30648563)[31](https://app.finbar.com/go?id=P119056554)[17](https://app.finbar.com/go?id=P115928920)[1](https://app.finbar.com/go?id=P83045683)[23](https://news.mercadolibre.com/historia-de-mercado-libre)[24](https://www.gsb.stanford.edu/insights/mercado-libre-founders-it-takes-patience-resilience)[25](https://www.gov.br/fazenda/pt-br/central-de-conteudo/pareceres/2002/comercio-e-servicos/internet/pcracmercadolibreibazarnohana.pdf)[26](https://www.mercadopago.com.br/blog/historia-do-mercado-pago)[27](https://www.sec.gov/Archives/edgar/data/1099590/000119312507178904/d424b1.htm)[28](https://www.sec.gov/Archives/edgar/data/1099590/000119312508238679/dex991.htm)[29](https://www.mercadolibre.com.co/institucional/hacemos/que-es-mercado-envios)[30](https://www.mercadolibre.com.ar/institucional/comunicamos/noticias/adquisicion-de-kangu)

## Sources

1. [MERCADOLIBRE INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P83045683)
2. [MERCADOLIBRE INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P47160932)
3. [MERCADOLIBRE INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P21782036)
4. [news.mercadolibre.com](https://news.mercadolibre.com/que-es-mercado-libre)
5. [MERCADOLIBRE INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P30648563)
6. [MERCADOLIBRE INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=T10556405)
7. [MERCADOLIBRE INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P107353465)
8. [MERCADOLIBRE INC — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P147475439)
9. [MERCADOLIBRE INC — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P147475440)
10. [MERCADOLIBRE INC — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P147475441)
11. [MERCADOLIBRE INC — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P147475442)
12. [MERCADOLIBRE INC — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P147475443)
13. [MERCADOLIBRE INC — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P147475444)
14. [MERCADOLIBRE INC — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P147475445)
15. [MERCADOLIBRE INC — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P147475446)
16. [MERCADOLIBRE INC — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P147475682)
17. [MERCADOLIBRE INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P115928920)
18. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1099590/000109959026000006/meli-20251231.htm)
19. [MERCADOLIBRE INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=T10086833)
20. [MERCADOLIBRE INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P120194511)
21. [MERCADOLIBRE INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P94355121)
22. [MERCADOLIBRE INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=T4245584)
23. [news.mercadolibre.com](https://news.mercadolibre.com/historia-de-mercado-libre)
24. [www.gsb.stanford.edu](https://www.gsb.stanford.edu/insights/mercado-libre-founders-it-takes-patience-resilience)
25. [www.gov.br](https://www.gov.br/fazenda/pt-br/central-de-conteudo/pareceres/2002/comercio-e-servicos/internet/pcracmercadolibreibazarnohana.pdf)
26. [www.mercadopago.com.br](https://www.mercadopago.com.br/blog/historia-do-mercado-pago)
27. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1099590/000119312507178904/d424b1.htm)
28. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1099590/000119312508238679/dex991.htm)
29. [www.mercadolibre.com.co](https://www.mercadolibre.com.co/institucional/hacemos/que-es-mercado-envios)
30. [www.mercadolibre.com.ar](https://www.mercadolibre.com.ar/institucional/comunicamos/noticias/adquisicion-de-kangu)
31. [MERCADOLIBRE INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P119056554)

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