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SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Summary of Financial Performance of Company's Reporting Segments

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

			Year Ended December 31, 2024
			Brazil						Mexico						Argentina						Other Countries						Total
			(In millions)
Net service revenues and financial income			$	10,033					$	4,183					$	3,614					$	808					$	18,638
Net product revenues			1,373						481						204						81						2,139
Net revenues and financial income			11,406						4,664						3,818						889						20,777
Local operating expenses			(8,828)						(3,650)						(2,069)						(730)						(15,277)
Depreciation and amortization			(292)						(160)						(74)						(42)						(568)
Total segment costs			(9,120)						(3,810)						(2,143)						(772)						(15,845)
Direct contribution			2,286						854						1,675						117						4,932
Operating expenses and indirect costs of net revenues and financial expenses																											(2,301)
Income from operations																											2,631
Other income (expenses):
Interest income and other financial gains																											148
Interest expense and other financial losses																											(165)
Foreign currency losses, net																											(182)
Net income before income tax expense																											$	2,432

			Year Ended December 31, 2023 (1)
			Brazil						Mexico						Argentina						Other Countries						Total
			(In millions)
Net service revenues and financial income			$	6,946					$	2,734					$	3,322					$	615					$	13,617
Net product revenues			875						337						228						50						1,490
Net revenues and financial income			7,821						3,071						3,550						665						15,107
Local operating expenses			(5,698)						(2,238)						(1,812)						(577)						(10,325)
Depreciation and amortization			(262)						(133)						(58)						(38)						(491)
Total segment costs			(5,960)						(2,371)						(1,870)						(615)						(10,816)
Direct contribution			1,861						700						1,680						50						4,291
Operating expenses and indirect costs of net revenues and financial expenses																											(2,084)
Income from operations																											2,207
Other income (expenses):
Interest income and other financial gains																											135
Interest expense and other financial losses																											(174)
Foreign currency losses, net																											(615)
Net income before income tax expense and equity in earnings of unconsolidated entity																											$	1,553

(1) Recast for consistency with the current presentation due to the change in the presentation of certain financial results. Please refer to Note 2 – Summary of significant accounting policies - Change in the presentation of certain financial results and reclassification of prior years results to our audited consolidated financial statements for further details.

			Year Ended December 31, 2022 (1)
			Brazil						Mexico						Argentina						Other Countries						Total
			(In millions)
Net service revenues and financial income			$	5,283					$	1,638					$	2,299					$	465					$	9,685
Net product revenues			515						255						276						49						1,095
Net revenues and financial income			5,798						1,893						2,575						514						10,780
Local operating expenses			(4,692)						(1,481)						(1,466)						(453)						(8,092)
Depreciation and amortization			(206)						(98)						(46)						(31)						(381)
Total segment costs			(4,898)						(1,579)						(1,512)						(484)						(8,473)
Direct contribution			900						314						1,063						30						2,307
Operating expenses and indirect costs of net revenues and financial expenses																											(1,238)
Income from operations																											1,069
Other income (expenses):
Interest income and other financial gains																											44
Interest expense and other financial losses																											(135)
Foreign currency losses, net																											(198)
Net income before income tax expense																											$	780

(1) Recast for consistency with the current presentation due to the change in the presentation of certain financial results. Please refer to Note 2 – Summary of significant accounting policies - Change in the presentation of certain financial results and reclassification of prior years results to our audited consolidated financial statements for further details.

Summary of Consolidated Net Revenues by Similar Products and Services

The following tables summarize net revenues and financial income per reporting segment, which have been disaggregated by similar products and services for the years ended December 31, 2024, 2023 and 2022:

			Year Ended December 31, 2024
			Brazil						Mexico						Argentina						Other Countries (7)						Total
			(In millions)
Commerce services (1)			$	5,695					$	2,608					$	1,207					$	566					$	10,076
Commerce products sales (2)			1,343						464						200						76						2,083
Total commerce revenues			7,038						3,072						1,407						642						12,159
Financial services and income (3)			2,416						566						1,748						232						4,962
Credit revenues (4)			1,922						1,009						659						10						3,600
Fintech products sales (5)			30						17						4						5						56
Total fintech revenues			4,368						1,592						2,411						247						8,618
Total net revenues and financial income			$	11,406					$	4,664					$	3,818					$	889					$	20,777

			Year Ended December 31, 2023 (6)
			Brazil						Mexico						Argentina						Other Countries (7)						Total
			(In millions)
Commerce services (1)			$	3,655					$	1,653					$	1,036					$	410					$	6,754
Commerce products sales (2)			857						326						225						39						1,447
Total commerce revenues			4,512						1,979						1,261						449						8,201
Financial services and income (3)			2,136						382						1,602						197						4,317
Credit revenues (4)			1,155						699						684						8						2,546
Fintech products sales (5)			18						11						3						11						43
Total fintech revenues			3,309						1,092						2,289						216						6,906
Total net revenues and financial income			$	7,821					$	3,071					$	3,550					$	665					$	15,107

			Year Ended December 31, 2022 (6)
			Brazil						Mexico						Argentina						Other Countries (7)						Total
			(In millions)
Commerce services (1)			$	2,585					$	1,036					$	814					$	329					$	4,764
Commerce products sales (2)			487						246						271						40						1,044
Total commerce revenues			3,072						1,282						1,085						369						5,808
Financial services and income (3)			1,596						181						979						132						2,888
Credit revenues (4)			1,102						421						506						4						2,033
Fintech products sales (5)			28						9						5						9						51
Total fintech revenues			2,726						611						1,490						145						4,972
Total net revenues and financial income			$	5,798					$	1,893					$	2,575					$	514					$	10,780

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

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

(3) Includes revenues from commissions the Company charges for transactions off-platform derived from use of the Company’s payment solution and asset management product, 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, interest earned on cash and investments as part of Mercado Pago activities, including those required due to fintech regulations, net of interest gains pass through our Brazilian users in connection with our asset management product, Mercado Pago debit card commissions and insurtech fees.

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

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

(6) Recast for consistency with the current presentation due to the change in the presentation of certain financial results. Please refer to Note 2 – Summary of significant accounting policies - Change in the presentation of certain financial results and reclassification of prior years results to our audited consolidated financial statements for further details.

(7) Revenues from external customers in the U.S. amounted to $35 million for the year ended December 31, 2024. There were no revenues from external customers in the U.S. for the years ended December 31, 2023 and 2022.

Summary of Allocation of Property and Equipment Based on Geography

The following tables summarize the allocation of the property and equipment based on geography:

			December 31, 2024
			Brazil						Mexico						Argentina						U.S.						Other countries						Total
			(In millions)
Property and equipment			$	1,078					$	713					$	434					$	10					$	178					$	2,413
Accumulated depreciation			(497)						(239)						(199)						(6)						(92)						(1,033)
Total property and equipment, net			$	581					$	474					$	235					$	4					$	86					$	1,380

			December 31, 2023
			Brazil						Mexico						Argentina						U.S.						Other countries						Total
			(In millions)
Property and equipment			$	970					$	554					$	370					$	7					$	172					$	2,073
Accumulated depreciation			(367)						(209)						(162)						(5)						(80)						(823)
Total property and equipment, net			$	603					$	345					$	208					$	2					$	92					$	1,250

Schedule of Operating Lease Right of Use Assets Based on Geography

The following tables summarize the allocation of the operating lease right-of-use assets based on geography:

			December 31, 2024
			Brazil						Mexico						Argentina						U.S.						Other countries						Total
			(In millions)
Right of use asset			$	618					$	616					$	76					$	4					$	115					$	1,429
Accumulated amortization			(139)						(116)						(36)						(1)						(39)						(331)
Total right of use asset, net			$	479					$	500					$	40					$	3					$	76					$	1,098

			December 31, 2023
			Brazil						Mexico						Argentina						U.S.						Other countries						Total
			(In millions)
Right of use asset			$	509					$	480					$	80					$	—					$	104					$	1,173
Accumulated amortization			(113)						(100)						(29)						—						(32)						(274)
Total right of use asset, net			$	396					$	380					$	51					$	—					$	72					$	899

Summary of Allocation of Goodwill and Intangible Assets Based on Geography

The following tables summarize the allocation of the goodwill and intangible assets based on geography:

			December 31, 2024
			Brazil						Mexico						Argentina						U.S.						Other countries						Total
			(In millions)
Intangible assets at fair value			$	—					$	—					$	—					$	49					$	—					$	49
Goodwill and intangible assets			64						43						23						—						71						201
Accumulated amortization			(6)						(4)						(7)						—						(23)						(40)
Total goodwill and intangible assets, net			$	58					$	39					$	16					$	49					$	48					$	210

			December 31, 2023
			Brazil						Mexico						Argentina						U.S.						Other countries						Total
			(In millions)
Intangible assets at fair value			$	—					$	—					$	—					$	24					$	—					$	24
Goodwill and intangible assets			73						53						17						—						73						216
Accumulated amortization			(5)						(9)						(5)						—						(23)						(42)
Total goodwill and intangible assets, net			$	68					$	44					$	12					$	24					$	50					$	198

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