Mercari's Q1 2026 profits soar, discontinues Hallo service

Mercari, Inc. announced consolidated financial results for the three months ended September 30, 2025, reporting revenue of JPY49,440 million, a 10.1% increase year-on-year, and core operating profit of JPY9,325 million, surging 127.6% from the prior year. Profit attributable to owners of parent also rose significantly by 70.0% to JPY4,987 million.

The Marketplace segment saw GMV increase 5% year-on-year to JPY270.3 billion, with core operating profit at JPY8.4 billion, up JPY1.8 billion year-on-year. Fintech revenue grew 22% year-on-year to JPY14.2 billion, with core operating profit at JPY2.7 billion, a JPY2.3 billion increase. The US business GMV reached $194 million, a 0.4% year-on-year increase, achieving a core operating profit of JPY0.6 billion, up JPY1.4 billion year-on-year.

A notable strategic move is the discontinuation of Mercari Hallo, the on-demand work service, effective December 18, 2025. The company expects the impact of this withdrawal on consolidated financial results to be negligible, reiterating its full-year fiscal 2026 forecast of JPY200,000-JPY210,000 million in revenue and JPY28,000-JPY32,000 million in core operating profit.