Commerce was Mercadolibre’s largest product and service line in fiscal 2019, bringing in $1.35B of $2.33B (58%).
| Product and Service | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Commerce | — | — | $838.63M | $1.35B | |||||
| Fintech | — | — | $601.02M | $949.87M | |||||
| Enchanced Marketplace | — | $737.47M | — | — | |||||
| Marketplace | $548.14M | — | — | — | |||||
| Non-Marketplace | $352.77M | $479.08M | — | — | |||||
| Product | — | — | — | $30.57M | |||||
| Total | $900.91M | $1.22B | $1.44B | $2.33B |
Mercadolibre brought in $2.33B from its three product and service lines in fiscal 2019, the year ended December 31, 2019. Mercadolibre regrouped these lines after fiscal 2018, so the total does not compare directly with that year's $1.44B. Commerce was the largest at $1.35B (57.9%), ahead of Fintech at $949.87M (40.8%) and Product at $30.57M (1.3%).
Compared with fiscal 2018, Commerce grew 60.6% to $1.35B and Fintech grew 58.0% to $949.87M.
Mercadolibre began breaking out Commerce in fiscal 2018, Fintech in fiscal 2018 and Product in fiscal 2019. Mercadolibre stopped reporting Enchanced Marketplace ($737.47M in fiscal 2017), Marketplace ($548.14M in fiscal 2016) and Non-Marketplace ($479.08M in fiscal 2017) as separate lines.
Brazil was Mercadolibre’s largest region in fiscal 2014, bringing in $273.64M of $556.54M (49%).
| Geography | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 |
|---|---|---|---|---|---|---|
| Brazil | $165.91M | $179.64M | $206.39M | $273.64M | ||
| Argentina | $56.71M | $88.51M | $122.12M | $150.67M | ||
| Venezuela | $34.83M | $54.68M | $84.57M | $58.03M | ||
| Mexico | $22.28M | $26.99M | $32.84M | $37.67M | ||
| Other Countries | $19.21M | $23.78M | $26.66M | $36.54M | ||
| Total | $298.93M | $373.60M | $472.60M | $556.54M |
Mercadolibre brought in $556.54M from its five regions in fiscal 2014, the year ended December 31, 2014. That was up 17.8% from $472.60M in fiscal 2013. Brazil was the largest at $273.64M (49.2%), ahead of Argentina at $150.67M (27.1%) and Venezuela at $58.03M (10.4%). The other two regions brought in $74.20M combined.
Compared with fiscal 2013, Other Countries grew fastest, up 37.0% to $36.54M, while Venezuela fell the most, down 31.4% to $58.03M. From fiscal 2011 to 2014, combined revenue from these regions grew from $298.93M to $556.54M, a compound annual growth rate of 23.0%. Brazil's share of the total fell from 55.5% to 49.2%.
Brazil was Mercadolibre’s largest segment in fiscal 2019, bringing in $1.46B of $2.30B (64%).
| Segment | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 |
|---|---|---|---|---|---|
| Brazil | $455.02M | $690.81M | $866.18M | $1.46B | |
| Argentina | $262.25M | $359.36M | $376.56M | $456.33M | |
| Mexico | $46.33M | $51.34M | $109.10M | $275.13M | |
| Other Countries | $43.60M | $60.72M | $87.82M | $103.34M | |
| Venezuela | $37.19M | $54.33M | — | — | |
| Total | $844.40M | $1.22B | $1.44B | $2.30B |
Mercadolibre brought in $2.30B from its four segments in fiscal 2019, the year ended December 31, 2019. That was up 59.5% from $1.44B in fiscal 2018. Brazil was the largest at $1.46B (63.6%), ahead of Argentina at $456.33M (19.9%) and Mexico at $275.13M (12.0%). The remaining segment, Other Countries, brought in $103.34M.
Compared with fiscal 2018, Mexico grew fastest, up 152.2% to $275.13M. Every segment above 2% of revenue grew.
Mercadolibre stopped reporting Venezuela as a separate segment after fiscal 2017, when it brought in $54.33M.
Mercadolibre (MELI) reports its revenue by product and service, by geography and by segment. In fiscal 2019, Commerce was its largest product and service line, bringing in $1.35B (57.9% of the total), followed by Fintech at $949.87M (40.8%).
Commerce was Mercadolibre's largest product and service line in fiscal 2019, bringing in $1.35B, or 57.9% of the $2.33B total across its three product and service lines.
Brazil was Mercadolibre's largest region in fiscal 2014, bringing in $273.64M, or 49.2% of the $556.54M total across its five regions.
Brazil was Mercadolibre's largest segment in fiscal 2019, bringing in $1.46B, or 63.6% of the $2.30B total across its four segments.
Among Mercadolibre's regions that make up at least 2% of revenue, Other Countries grew fastest in fiscal 2014, up 37.0% from $26.66M to $36.54M.
Every figure comes from Mercadolibre's annual financial filings, as reported. Each line keeps the name Mercadolibre gives it, and years follow its fiscal calendar.
Mercadolibre's revenue by product and service goes back to fiscal 2011, with figures through fiscal 2019. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.