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# Mercado Libre Reports Q4 2024 Revenue Up 37% as Mercado Pago Processes 11.4 Billion Transactions
- URL: https://www.theglobalbanker.com/mercado-libre-reports-q4-2024-revenue-up-37-percent-as-mercado-pago-processes-11-4-billion/
- Published: 2025-02-21T05:00:00.000Z
- Updated: 2026-10-02T13:47:40.000Z
- Description: Mercado Libre posted Q4 2024 revenue growth of 37% year-on-year, as Mercado Pago processed 11.4 billion payment transactions in 2024 and its credit portfolio grew 74% to $6.6 billion.
- Author: TGB Editorial Team
- Tags: Fintech, Americas, #archive

Mercado Libre reported fourth-quarter 2024 revenue growth of 37% year-on-year on 20 February 2025, with revenue at Mercado Pago, the company's fintech and payments division, up 29% and commerce revenue up 44% in US dollar terms. The quarterly figures capped a year in which Mercado Pago processed 11.4 billion payment transactions, excluding peer-to-peer transfers, across the group's markets.

#### CREDIT PORTFOLIO EXPANDS ACROSS BRAZIL, ARGENTINA, AND MEXICO

Mercado Pago's loan book grew during 2024, with credit portfolio expansion recorded across Brazil, Argentina, and Mexico — the three largest markets in which the platform operates. 

#### FINTECH DIVISION FIGURES

Fintech revenue rose 29% year on year in US dollar terms in the fourth quarter (84% on an FX-neutral basis). Mercado Pago's credit portfolio reached $6.6 billion at the end of 2024, up 74% year on year, and monthly active users rose 34% to 61.2 million.