Mercado Libre delivers stellar Q4 2024 with net revenue of $6.1 billion and net income of $639 million
Mercado Libre (MELI) reported strong Q4 2024 results with net revenue rising 37% YoY to $6.1 billion and net income reaching $639 million. The company's commerce operations showed robust growth with GMV increasing 8% YoY to $14.5 billion and items sold growing 27% YoY. The platform surpassed 67 million unique buyers in Q4, marking a 24% YoY increase.
In fintech, Mercado Pago expanded its monthly active users by 34% to 61 million, with assets under management growing 129% YoY to $10.6 billion. The credit portfolio reached $6.6 billion, up 74% YoY. For full-year 2024, the company achieved net revenue of $21 billion, up 38% YoY, with net income of $1.9 billion.
Notable operational improvements included the opening of 10 new fulfillment centers and enhanced delivery capabilities, with 49% of shipments delivered within same & next day. Advertising revenue grew 41% YoY, reaching 2.1% of GMV.
Mercado Libre (MELI) ha riportato risultati solidi per il quarto trimestre del 2024, con un aumento del fatturato netto del 37% su base annua, raggiungendo i 6,1 miliardi di dollari e un reddito netto di 639 milioni di dollari. Le operazioni commerciali dell'azienda hanno mostrato una crescita robusta, con il GMV che è aumentato dell'8% su base annua, arrivando a 14,5 miliardi di dollari e il numero di articoli venduti che è cresciuto del 27% su base annua. La piattaforma ha superato i 67 milioni di acquirenti unici nel quarto trimestre, segnando un aumento del 24% su base annua.
Nel fintech, Mercado Pago ha ampliato i suoi utenti attivi mensili del 34%, raggiungendo i 61 milioni, con le attività sotto gestione che sono cresciute del 129% su base annua, arrivando a 10,6 miliardi di dollari. Il portafoglio crediti ha raggiunto i 6,6 miliardi di dollari, con un aumento del 74% su base annua. Per l'intero anno 2024, l'azienda ha registrato un fatturato netto di 21 miliardi di dollari, in crescita del 38% su base annua, con un reddito netto di 1,9 miliardi di dollari.
Tra i miglioramenti operativi significativi ci sono stati l'apertura di 10 nuovi centri di evasione ordini e il potenziamento delle capacità di consegna, con il 49% delle spedizioni consegnate entro il giorno stesso o il giorno successivo. I ricavi pubblicitari sono aumentati del 41% su base annua, raggiungendo il 2,1% del GMV.
Mercado Libre (MELI) reportó resultados sólidos en el cuarto trimestre de 2024, con un aumento del 37% en los ingresos netos interanuales, alcanzando los 6.1 mil millones de dólares y un ingreso neto de 639 millones de dólares. Las operaciones comerciales de la empresa mostraron un crecimiento robusto, con el GMV aumentando un 8% interanual, alcanzando los 14.5 mil millones de dólares y los artículos vendidos creciendo un 27% interanual. La plataforma superó los 67 millones de compradores únicos en el cuarto trimestre, marcando un aumento del 24% interanual.
En fintech, Mercado Pago amplió sus usuarios activos mensuales en un 34%, alcanzando los 61 millones, con activos bajo gestión creciendo un 129% interanual, llegando a 10.6 mil millones de dólares. La cartera de crédito alcanzó los 6.6 mil millones de dólares, un aumento del 74% interanual. Para el año completo 2024, la empresa logró ingresos netos de 21 mil millones de dólares, un aumento del 38% interanual, con un ingreso neto de 1.9 mil millones de dólares.
Las mejoras operativas notables incluyeron la apertura de 10 nuevos centros de cumplimiento y capacidades de entrega mejoradas, con el 49% de los envíos entregados dentro del mismo día o al día siguiente. Los ingresos por publicidad crecieron un 41% interanual, alcanzando el 2.1% del GMV.
메르카도 리브레 (MELI)는 2024년 4분기 실적을 발표하며 순수익이 전년 대비 37% 증가하여 61억 달러에 달하고 순이익이 6억 3900만 달러에 달했다고 보고했습니다. 회사의 상거래 운영은 강력한 성장을 보였으며, GMV는 전년 대비 8% 증가하여 145억 달러에 도달하고 판매된 품목 수는 전년 대비 27% 증가했습니다. 이 플랫폼은 4분기 동안 6700만 명 이상의 고유 구매자를 기록하며 전년 대비 24% 증가했습니다.
핀테크 부문에서는 메르카도 파고가 월간 활성 사용자 수를 34% 증가시켜 6100만 명에 도달했으며, 관리 자산은 전년 대비 129% 증가하여 106억 달러에 달했습니다. 신용 포트폴리오는 66억 달러에 도달하며, 전년 대비 74% 증가했습니다. 2024년 전체 연도 동안 회사는 210억 달러의 순수익을 기록하여 전년 대비 38% 증가했으며, 순이익은 19억 달러에 달했습니다.
주요 운영 개선 사항으로는 10개의 새로운 물류 센터 개설과 배송 능력 향상이 포함되었으며, 49%의 배송이 당일 또는 다음 날에 이루어졌습니다. 광고 수익은 전년 대비 41% 증가하여 GMV의 2.1%에 도달했습니다.
Mercado Libre (MELI) a annoncé de solides résultats pour le quatrième trimestre 2024, avec des revenus nets en hausse de 37 % d'une année sur l'autre, atteignant 6,1 milliards de dollars et un bénéfice net de 639 millions de dollars. Les opérations commerciales de l'entreprise ont montré une forte croissance, avec un GMV en hausse de 8 % d'une année sur l'autre, atteignant 14,5 milliards de dollars et le nombre d'articles vendus en hausse de 27 % d'une année sur l'autre. La plateforme a dépassé les 67 millions d'acheteurs uniques au quatrième trimestre, marquant une augmentation de 24 % d'une année sur l'autre.
Dans le secteur des fintech, Mercado Pago a élargi son nombre d'utilisateurs actifs mensuels de 34 % pour atteindre 61 millions, avec des actifs sous gestion en hausse de 129 % d'une année sur l'autre, atteignant 10,6 milliards de dollars. Le portefeuille de crédits a atteint 6,6 milliards de dollars, en hausse de 74 % d'une année sur l'autre. Pour l'année entière 2024, l'entreprise a réalisé un chiffre d'affaires net de 21 milliards de dollars, en hausse de 38 % d'une année sur l'autre, avec un bénéfice net de 1,9 milliard de dollars.
Les améliorations opérationnelles notables comprenaient l'ouverture de 10 nouveaux centres de distribution et l'amélioration des capacités de livraison, avec 49 % des expéditions livrées le jour même ou le lendemain. Les revenus publicitaires ont augmenté de 41 % d'une année sur l'autre, atteignant 2,1 % du GMV.
Mercado Libre (MELI) hat im vierten Quartal 2024 starke Ergebnisse gemeldet, mit einem Anstieg des Nettoumsatzes um 37% im Jahresvergleich auf 6,1 Milliarden Dollar und einem Nettogewinn von 639 Millionen Dollar. Die Handelsaktivitäten des Unternehmens zeigten ein robustes Wachstum, wobei der GMV um 8% im Jahresvergleich auf 14,5 Milliarden Dollar anstieg und die verkauften Artikel um 27% im Jahresvergleich zunahmen. Die Plattform überschritt im vierten Quartal 67 Millionen einzigartige Käufer, was einem Anstieg von 24% im Jahresvergleich entspricht.
Im Fintech-Bereich hat Mercado Pago die Zahl der monatlich aktiven Nutzer um 34% auf 61 Millionen erhöht, wobei die verwalteten Vermögenswerte um 129% im Jahresvergleich auf 10,6 Milliarden Dollar wuchsen. Das Kreditportfolio erreichte 6,6 Milliarden Dollar, was einem Anstieg von 74% im Jahresvergleich entspricht. Für das Gesamtjahr 2024 erzielte das Unternehmen einen Nettoumsatz von 21 Milliarden Dollar, was einem Anstieg von 38% im Jahresvergleich entspricht, mit einem Nettogewinn von 1,9 Milliarden Dollar.
Zu den bemerkenswerten operativen Verbesserungen gehörten die Eröffnung von 10 neuen Fulfillment-Zentren und verbesserte Lieferfähigkeiten, wobei 49% der Sendungen am selben Tag oder am nächsten Tag zugestellt wurden. Die Werbeeinnahmen stiegen im Jahresvergleich um 41% und erreichten 2,1% des GMV.
- Net revenue increased 37% YoY to $6.1 billion in Q4 2024
- Net income reached $639 million with 10.5% margin in Q4
- Monthly active fintech users grew 34% to 61 million
- Assets under management increased 129% YoY to $10.6 billion
- Credit portfolio expanded 74% YoY to $6.6 billion
- Items sold grew 27% YoY to 525 million units
- Advertising revenue grew 41% YoY to 2.1% of GMV
- GMV growth slowed to 8% YoY in Q4 2024
Insights
Mercado Libre's Q4 2024 results reveal a company firing on all cylinders, with remarkable execution across its ecosystem. The 13.5% operating margin and 10.5% net margin demonstrate superior operational leverage, particularly impressive given the substantial investments in logistics and technology.
The commerce segment's 44% YoY revenue growth to
In fintech, Mercado Pago's evolution from a payment processor to a comprehensive financial services platform is evident. The 74% YoY growth in credit portfolio to
The advertising revenue reaching
The company's strategic investments in user experience and logistics infrastructure, including 10 new fulfillment centers, position it well for sustained growth. The achievement of 100 million annual unique buyers marks a critical mass that should drive network effects and further ecosystem expansion across Latin America's digital economy.
Montevideo, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Mercado Libre delivers stellar Q4 2024 with net revenue of
- On its 25th anniversary milestone, Mercado Libre surpassed 100 million annual unique buyers on the marketplace and 61 million fintech monthly active users.
- In commerce, GMV rose 8% YoY in Q4 to reach $14.5 billion while Items Sold on the commerce platform increased by 27% YoY.
- In fintech, the credit portfolio reached $6.6 billion in Q4, up 74% YoY, with credit cards making the biggest contribution to growth.
Q4 2024
| NET REVENUE BILLION ↑ YoY Growth | INCOME FROM OPERATIONS MILLION Margin | NET INCOME MILLION Margin |
Montevideo, Uruguay. February 20, 2025 — Mercado Libre (NASDAQ: MELI), the leading e-commerce and fintech platform in Latin America, today reports fourth quarter and full year 2024 results, delivering strong operational and financial performance. Net revenue in Q4 2024 surged 37%, year-over-year, reaching $6.1 billion, while income from operations reached a record of $820 million and net income for the quarter was $639 million, reflecting the robust momentum and sustainable growth strategy.
Mercado Libre's commerce operations thrived in the fourth quarter, with unique buyers exceeding 67 million in the quarter marking a notable 24% increase YoY and crossing the 100 million mark in the last twelve months for the first time. The gross merchandise value (GMV) rose 8% YoY, to reach
The momentum seen in Q4 is the result of the company's long-term vision of enhancing the marketplace through strategic investments tailored to user experience, assortment, and logistics capabilities. In 2024, Mercado Libre opened 10 new fulfillment centers and expanded its free shipping offering resulting in a record-breaking number of new buyers, and welcoming premium global names like Lancôme, Ralph Lauren and Lacoste and other brands like Natura. Logistics initiatives throughout the year paved the way for record efficiencies and fulfillment penetration across markets with same and next day shipments growing 21% YoY in Q4 where
Product and Brand Ads performed well during the peak season, such as Black Friday, with the latter benefiting from expanded availability through the self-service platform. This contributed to advertising revenue growth of 41% YoY (88% FX-neutral) in Q4'24, reaching 2.1% of GMV.
On the fintech front, in Q4 2024 Mercado Pago continued to expand its reach with an increase of 34% in monthly active users, reaching 61 million, and assets under management climbing 129% YoY to $10.6 billion. The credit portfolio reached $6.6 billion in Q4, up 74% YoY, with credit cards making the biggest contribution to growth, supported by improved credit scoring models allowing us to deliver competitive offers. Investments were made to grow the credit card portfolio, which is critical to Mercado Pago's ambition to become the largest digital bank in Latin America. Excellent progress is being made on our ambition to offer the best digital account in Latin America. NPS hit record levels in Brazil and Mexico in Q4'24 and the highest since 2021 in Argentina.
“We ended 2024 with strong momentum and look toward 2025 and beyond with great optimism. The strategic investments we’ve made over the years to enhance our value proposition are driving strong financial results and further solidifying our competitive edge. Our ecosystem’s power is increasingly evident, with each component reinforcing engagement across the others. Even after 25 years of growth, we continue to see vast opportunities—from the accelerating shift to online commerce to expanding access to better financial services for millions across the region. Our confidence has never been stronger, and the future looks brighter than ever. As we say at Mercado Libre, the best is yet to come”, said Martin de los Santos, Chief Financial Officer, Mercado Libre.
Financial highlights for Q4 2024:
- Net revenue of
$6.1 billion , rising37% YoY in dollars and96% in FX Neutral. - Income from operations reached
$820 million , a13.5% margin. - Net income reached
$639 million , a10.5% margin.
Commerce Q4 2024:
- Net revenue from the commerce business in the fourth quarter grew
44% YoY, reaching $3.6 billion. - Gross Merchandise Value (GMV), the total value of merchandise sold on our platform, rose 8% in dollars YoY to reach $14.5 billion, with a
56% FXN growth. - Unique buyers surpassed 67 million with a 24% increase YoY.
- Items sold reached 525 million units, rising 27% this quarter YoY.
- More than
95% of shipments in the period were completed within Mercado Libre's managed network, and49% of these were delivered within the same & next day.
Fintech Q4 2024:
- Net revenue from Mercado Pago reached
$2.5 billion , up29% YoY. - Total payment volume (TPV) rose by
33% in dollars YoY to reach$59 billion . - Monthly active users reached over 61 million in Q4.
- Assets under management grew
129% YoY reaching$ 10.6 billion in Q4. - Acquiring TPV, which represents all payments processed and settled via Mercado Pago, both on the marketplace and outside of it (MPOS devices, online payments and QR codes), grew
20% YoY to reach$42 billion . - Mercado Pago's credit portfolio grew a significant
74% YoY to reach$6.6 billion , across all geographies. - Mercado Pago's credit card portfolio also registered relevant growth of
118% YoY, reaching$2.6 billion .
2024 Full Year Consolidated Results
| NET REVENUE BILLION ↑ YoY Growth | COMMERCE GMV BILLION ↑ YoY Growth | FINTECH TPV BILLION ↑ YoY Growth |
Financial highlights for Full Year 2024:
- Net revenue:
$21 billion , growing38% YoY in dollars and101% YoY in FX Neutral. - Income from operations reached
$ 2.6 billion , with a12.7% margin. - Net income reached
$ 1.9 billion , with a9.2% margin.
Commerce Full Year 2024:
- Net revenue from the commerce business in 2024 reached
$12.2 billion , up48.3% YoY. - Gross merchandise Value (GMV), the total value of merchandise sold, in 2024 reached
$51.5 billion , up15% YoY. - Annual unique buyers crossed the milestone of 100 million for the first time in 2024, demonstrating higher engagement and frequency as a result of continuous investment in UX, assortment and logistics. Mercado Libre opened 10 new fulfillment centers and expanded its free shipping offering.
- Throughout 2024 Mercado Envios handled 1.8 billion items and
49% of deliveries were completed within the same & next day, groundbreaking in Latin America. - These achievements are a result of user experience improvements to reduce friction across categories. For example, in the Supermarket category MELI launched the Full Super, a new storefront page that allows better navigation on subcategories of dry groceries. In Fashion, we standardized filters and sizes for purchases and introduced an AI tool that finds similar items, and enabled a better return experience, allowing users to exchange their purchase for a different size at one of the thousands of MELI Places across the region.
Fintech Full Year 2024:
- The Fintech business strategy continued to deliver consistent results in 2024 with net revenue from Mercado Pago reaching
$8.6 billion , up24.8% YoY. - Total payment volume (TPV) reached
$197 billion , up34% YoY while total payment transactions (TPN) in 2024 topped 11.4 billion. - Acquiring Total Payment Volume reached
$142 billion , up23% YoY, a result of our move upmarket and improved services like 1 second processing time. - For Fintech Service users, we continued to enhance our value proposition: MELI+ users with a Mercado Pago issued credit card get special purchasing conditions during peak season such as 18x installments for high average sales price items. Our credit card users also get extra cashback on their purchases in Meli Dólar, our stablecoin.
- Consumer credit and credit card solutions also grew on the back of larger credit limits and improved scoring models.
- To complement a great value proposition from our credit card, users also access attractive returns on deposits in Brazil, Mexico, Argentina and Chile, and new investment options.
About Mercado Libre
Founded in 1999, Mercado Libre, Inc (NASDAQ: MELI) is the leading company in e-commerce and financial technology in Latin America, with operations in 18 countries and over 84.000 direct employees. It offers a complete ecosystem of solutions for individuals and businesses to buy, sell, advertise, obtain credit and insurance, collect, send money, save, and pay for goods and services both online and offline. In addition to the e-commerce platform and the Mercado Pago digital bank, the company has the services of Mercado Ads, Mercado Envios and Mercado Libre VIS (Vehicles, Properties and Services). The largest and most complete marketplace in the region, Mercado Libre already brings together more than 100 million annual active buyers, who make 57 purchases and 360 transactions every second. In 2024, its consolidated net revenue reached US
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