Mercado Libre Reports Q4 2024 Revenue Up 37% as Mercado Pago Processes 11.4 Billion Transactions

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.