XML 41 R31.htm IDEA: XBRL DOCUMENT v3.23.1

Segment reporting (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Financial Performance of Company's Reporting Segments

The following tables summarize the financial performance of the Company’s reporting segments:

			Three Months Ended March 31, 2023
			Brazil						Argentina						Mexico						Other Countries						Total
			(In millions)
Net revenues			$	1,579					$	721					$	591					$	146					$	3,037
Direct costs			(1,261)						(411)						(464)						(131)						(2,267)
Direct contribution			318						310						127						15						770
Operating expenses and indirect costs of net revenues																											(430)
Income from operations																											340
Other income (expenses):
Interest income and other financial gains																											161
Interest expense and other financial losses																											(94)
Foreign currency losses, net																											(87)
Net income before income tax expense																											$	320

			Three Months Ended March 31, 2022
			Brazil						Argentina						Mexico						Other Countries						Total
			(In millions)
Net revenues			$	1,252					$	518					$	364					$	114					$	2,248
Direct costs			(1,065)						(320)						(328)						(110)						(1,823)
Direct contribution			187						198						36						4						425
Operating expenses and indirect costs of net revenues																											(286)
Income from operations																											139
Other income (expenses):
Interest income and other financial gains																											31
Interest expense and other financial losses																											(56)
Foreign currency losses, net																											(3)
Net income before income tax expense																											$	111

Consolidated Net Revenues by Similar Products and Services

The following table summarizes net revenues per reporting segment, which have been disaggregated by similar products and services for the three-month periods ended March 31, 2023 and 2022:

			Three Months Ended March 31,
			Brazil									Argentina									Mexico									Other Countries									Total
			2023			2022						2023			2022						2023			2022						2023			2022						2023			2022
			(In millions)
Commerce services (a)			$	762		$	567					$	224		$	181					$	338		$	213					$	91		$	76					$	1,415		$	1,037
Commerce products sales (b)			145			122						49			59						60			49						7			10						261			240
Total commerce revenues			$	907		$	689					$	273		$	240					$	398		$	262					$	98		$	86					$	1,676		$	1,277
Fintech services (c)			$	426		$	318					$	287		$	189					$	56		$	25					$	43		$	26					$	812		$	558
Credit revenues (d)			241			239						159			88						135			75						1			—						536			402
Fintech products sales (e)			5			6						2			1						2			2						4			2						13			11
Total fintech revenues			$	672		$	563					$	448		$	278					$	193		$	102					$	48		$	28					$	1,361		$	971
Total net revenues			$	1,579		$	1,252					$	721		$	518					$	591		$	364					$	146		$	114					$	3,037		$	2,248

(a)Includes final value fees paid by sellers derived from intermediation services and related shipping fees, classified fees derived from classified advertising services and ad sales.

(b)Includes revenues from inventory sales and related shipping fees.

(c)Includes revenues from commissions the Company charges for transactions off-platform derived from use of the Company’s payment solution, revenues as a result of offering installments for the payment to its Mercado Pago users, either when the Company finances the transactions directly or when the Company sells the corresponding financial assets, Mercado Pago credit and debit card fees and insurtech fees.

(d)Includes interest earned on loans and advances granted to merchants and consumers, and interest earned on Mercado Pago credit card transactions.

(e)Includes sales of mobile point of sales devices.

Allocation of Property and Equipment Based on Geography

The following table summarizes the allocation of property and equipment, net based on geography:

			March 31, 2023						December 31, 2022
			(In millions)
US property and equipment, net			$	3					$	1
Property and equipment, net
Argentina			190						188
Brazil			521						514
Mexico			230						206
Other countries			92						84
			$	1,033					$	992
Total property and equipment, net			$	1,036					$	993

Schedule of Operating Lease Right of Use Assets Based on Geography

The following table summarizes the allocation of the operating lease right-of-use assets based on geography:

			March 31, 2023						December 31, 2022
			(In millions)
Argentina			$	51					$	53
Brazil			308						286
Mexico			262						245
Other countries			76						72
Total operating lease right-of-use assets			$	697					$	656

Allocation of Goodwill and Intangible Assets Based on Geography

The following table summarizes the allocation of the goodwill and intangible assets based on geography:

			March 31, 2023						December 31, 2022
			(In millions)
US intangible assets, net			$	9					$	9
Goodwill and intangible assets, net
Argentina			13						14
Brazil			65						63
Mexico			43						40
Other countries			54						52
			$	175					$	169
Total goodwill and intangible assets, net			$	184					$	178

X

- Definition

Entity wide disclosure on geographic areas goodwill and intangible assets.

+ References

No definition available.

+ Details

Name:	meli_EntityWideDisclosureOnGeographicAreasGoodwillAndIntangibleAssetsTableTextBlock
Namespace Prefix:	meli_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule Of Disclosure On Geographic Areas, Operating Lease Right Of Use Assets In Individual Foreign Countries By Country

+ References

No definition available.

+ Details

Name:	meli_ScheduleOfDisclosureOnGeographicAreasOperatingLeaseRightOfUseAssetsInIndividualForeignCountriesByCountryTableTextBlock
Namespace Prefix:	meli_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

+ Details

Name:	us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the names of foreign countries in which material long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets are located, and amount of such long-lived assets located in that country or foreign geographic area.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

+ Details

Name:	us-gaap_ScheduleOfEntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesByCountryTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration