MercadoLivre revenue in Brazil 2015-2023
In 2023, MercadoLibre Inc. generated nearly 7.6 billion U.S. dollars in net revenue in Brazil, up from the 5.7 billion dollars in revenue recorded a year earlier. The company has consistently increased its net revenue since 2015 in the Brazilian market. The e-commerce retailer, known as Mercado Livre in Brazil, also saw its net revenues increase on a quarterly basis, with quarterly net revenues of over 1.5 billion dollars since the fourth quarter of 2022.
Investment: a growth driver for Mercado Libre in Brazil
Mercado Libre announced an investment in the Brazilian market of over 4 billion dollars for the year 2024. This investment represents more than a fivefold increase of the investment made in 2020. The efforts of the e-commerce giant position them as the online marketplace with the highest gross merchandise value (GMV) in Brazil in 2023, surpassing the hundred billion Brazilian Reals mark. This figure is more than double the value of Mercado Libre’s nearest competitor.
Beyond Brazilian Borders
The presence of Mercado Libre is not only important in Brazil, but it also extends to other Latin American markets. In Argentina, where the e-commerce company was founded over two decades ago, the marketplace app surpassed nine million downloads in 2024. In Mexico, the second largest e-commerce market in Latin America (256166), Mercado Libre held over 15 percent of online retailers market share.
