How MercadoLibre makes money

Period

FY2025

How does MercadoLibre make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

MercadoLibre Inc. · FY2025 · year ended 2025-12-31

Revenue$28.9BGross profit$12.9B · 45%Cost of revenue$16.0B · 55%Operating income$3.2B · 11%Operating expenses$9.7B · 33%R&D$2.3B · 8%SG&A$1.1B · 4%Selling & marketing$3.2B · 11%Other opex$3.1B · 11%Pre-tax income$2.8B · 10%Other expense$359M · 1%Net income$2.0B · 7%Income tax$845M · 3%Service$25.3B · 88%Product$3.6B · 12%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.