| Stage | AMZN | % of rev | MELI | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $202B | 100.00% | $10.8B | 100.00% | AMZN ×18.79 |
| Gross profit | $77.4B | 38.31% | $3.0B | 28.30% | AMZN +10.0pp |
| Operating income | $28.1B | 13.90% | $676M | 6.29% | AMZN +7.6pp |
| Pre-tax income | $26.9B | 13.31% | $601M | 5.59% | AMZN +7.7pp |
| Net income | $20.7B | 10.24% | $448M | 4.17% | AMZN +6.1pp |
| Stage | AMZN | MELI | Gap · A − B |
|---|---|---|---|
| Revenue | $202B100.00% | $10.8B100.00% | AMZN ×18.79 |
| Gross profit | 38.31%$77.4B | 28.30%$3.0B | AMZN +10.0pp |
| Operating income | 13.90%$28.1B | 6.29%$676M | AMZN +7.6pp |
| Pre-tax income | 13.31%$26.9B | 5.59%$601M | AMZN +7.7pp |
| Net income |
| 10.24%$20.7B |
| 4.17%$448M |
| AMZN +6.1pp |
AMZN · PTRN 10-KMar 6 '26
“Revenue from Amazon marketplaces increased $636.5 million, or 37.9%, year-over-year and revenue not attributable to Amazon increased $68.7 million, or 59.9%, year-over-year.”
MELI · PTRN 10-KMar 6 '26
“We also depend on our ability to offer products on other marketplaces, such as Walmart, Target, Tmall, JD, eBay, TikTok Shop, Mercado Libre, Zolando, Kohl's, Kroger, Macy's and others.”