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Mercari's Japan marketplace and Merpay credit drive a 69% jump in group profit, as its US arm stalls

Mercari's Japan Business -- its flea-market marketplace and Merpay credit arm -- did almost all the work behind a 68.6% rise in group operating profit this quarter, while its US business barely grew at all, the clearest sign yet of how far Japan's dominant resale app has pulled ahead of its one overseas market.

A smartphone, a handbag, a wristwatch, a folded shirt and a wrapped parcel on a table, as a figure packs a box by the window
Illustration by floortok.com

Mercari, Inc. (メルカリ) said on 12 November that revenue for the quarter to 30 September 2026 -- the first quarter of its fiscal year ending June 2027 -- rose 27.5% to ¥63.05bn under IFRS, with operating profit up 68.6% to ¥15.00bn and net profit up 104.6% to ¥10.21bn.