Mercadolibre’s Revenue Breakdown by Region (2016-2022)

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This statistic highlights Mercadolibre’s Revenue Breakdown by Region, split across Argentina, Brazil and Mexico regions, reported quarterly from Q1 2016 onwards.
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This statistic highlights Mercadolibre’s Revenue Breakdown by Region, split across Argentina, Brazil, Mexico, and Others, reported on a quarterly basis from Q1 2016 till the latest Q4 2021.

In October 1999, Mercadolibre, Inc. was started in the state of Delaware, United States of America. Mercadolibre is Latin America’s largest online commerce ecosystem, operating as an integrated regional platform and a provider of critical digital and technological solutions that enable businesses and individuals to trade goods and services across borders.

Mercadolibre’s Revenue Breakdown by Region

Revenue Breakdown by Region Q4 2020 Q3 2021 Q4 2021 Contribution in 2021
Argentina $323.45 $656.83 $474.62 22.27%
Brazil $720.58 $1473.47 $1127.15 52.90%
Mexico $204.09 $371.09 $392.29 18.41%
Others $79.19 $144.79 $136.71 6.42%
Total $1327.30 $2646.16 $2130.77 100%

(All figures in millions, except for percentage)

Mercadolibre’s total revenue grew from $157.63 million in Q1 2016 to $1378.44 million in Q1 2021, projecting a huge incline of 774.48%($1220.81 million) in a span of 5 years. The revenue further rose from $1327.30 million in Q4 2020 to $2130.77 million in Q4 2021, marking an increase of 60.53% ($803.47 million) on a year on year basis. Quarterly, the company’s total revenue decreased from $2646.16 million in Q3 2021 to $2130.77 million in Q4 2021, projecting a fall of 19.48% ($515.39 million).

Mercadolibre’s revenue is further bifurcated into the following regions.

ARGENTINA

The company’s revenue from this region increased from $48.20 million in Q1 2016 to $297.24 million in Q1 2021, accounting for a growth of 516.68%($249.04 million) in 5 years. This further rose from $323.45 million in Q4 2020 to $656.83 million in Q3 2021, projecting an incline of 103.07%($333.38 million). Quarterly, there was a decline in the revenue of this region from $656.83 million in Q3 2021 to $474.62 million in Q4 2021 projecting a decline of 27.74%($182.21 million). The revenue generated from this region amounts to 22.27% of total revenue in Q4 2021.

BRAZIL

Mercadolibre’s revenue from Brazil witnessed a massive rise from $77.54 million in Q1 2016 to $768.72 million, leading to a growth of 891.39%($691.18 million). The majority of Mercadolibre’s company revenue is generated through this region accounting for 52.90% of the company’s revenue in Q4 2021, amounting to $1127.15 million. It grew by 56.42% ($406.57 million) compared to $720.58 million earned in Q4 2020 and decreased by 23.5% ($346.32 million) compared to $1473.47 million in Q3 2021.

MEXICO

The company’s revenue from the Mexico region showed a growth of 1972.84%($219.38 million), from $11.12 million in Q1 2016 to $230.50 million in Q1 2021. This region accounts for 18.41% of the total revenue in Q4 2021. The revenue grew up from $204.09 million in Q4 2020 to $392.29 million in Q4 2021, making an increase of 92.21% ($188.2 million) in a year. Quarterly, the company achieved a growth of 5.71% ($21.2 million) from $371.09 million in Q3 2021 to $392.29 million in Q4 2021.

OTHERS

Mercadolibre’s revenue from other regions increased from $20.78 million in Q1 2016 to $81.99 million in Q1 2021, accounting for an incline of 294.56%($61.21 million). The company’s revenue from this segment increased from $79.19 million in Q4 2020 to $144.79 million in Q3 2021, making an incline of 82.84% ($65.6 million). The revenue decreased from $144.79 million in Q3 2021 to $136.71 million in Q4 2021, setting a fall of 5.58% ($8.08 million). This region contributes 6.42% of the total revenue in Q4 2021.

ABOUT THE COMPANY

The company facilitates trade through its marketplace platform, which allows users to buy and sell across the majority of Latin America. MercadoLibre’s financial product, Mercado Pago, allows consumers and businesses to send and receive digital payments, while MercadoLibre makes shipping goods from the Company easier, through the advertising products, MercadoLibre facilitates advertising services for large retailers and brands to promote their products and services on the web; through Mercado Shops, MercadoLibre allows users to set-up, manage, and promote their own online web-stores under a subscription-based business model; through Mercado Credito, MercadoLibre extends loans to certain merchants and consumers; and through Mercado Fondo, MercadoLibre allows users to invest funds deposited in their Mercado Pago accounts.

As of September 30, 2021, MercadoLibre, through its wholly-owned subsidiaries, operated online e-commerce platforms directed toward Argentina, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Peru, Mexico, Panama, Honduras, Nicaragua, El Salvador, Uruguay, Bolivia, Guatemala, Paraguay and Venezuela. ​​MercadoLibre also extends loans through Mercado Credito in Argentina, Brazil, Mexico, Colombia, Chile, Peru, and Uruguay, and operates its FinTech solution in Argentina, Brazil, Mexico, Colombia, Chile, Peru, and Uruguay. Argentina, Brazil, Mexico, Colombia, Chile, Uruguay, and Peru are all served by the company’s shipping services.

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