EarningsQ4 2025 Earnings Report

Mercari (6TP) Q4 2025 Earnings Report

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Previous Report: Q3 2025

Next Report: Q1 2026

DE:6TP Q4 2025 EPS Results

Actual EPS€0.50

Consensus EPS€0.26

Beat/MissBeat by +€0.24

One Year Ago EPS€0.16

DE:6TP Q4 2025 Revenue Results

Actual Revenue€275.04M

Expected Revenue€270.05M

Beat/MissBeat by +€4.99M

YoY Revenue Growth+4.38%

Earnings Announcement Details

QuarterQ4 2025

Date08/05/2025

TimeBefore Open

Conference CallTuesday, August 5, 2025

DE:6TP Upcoming Earnings

Mercari's next earnings date is estimated for November 4, 2026, based on past reporting schedules.

Q4 2025 Earnings Call Audio

DE:6TP Q4 2025 Earnings Call

0:00 / 0:00

Q4 2025 Earnings Slide Deck

Q4 2025 Earnings Call Summary

Q4 2025

Earnings Call Date:Aug 05, 2025|

% Change Since:

Earnings Call Sentiment|Neutral

The earnings call highlighted significant achievements in profitability and technological integration, particularly in the Fintech and cross-border transactions segments. However, there are notable challenges with revenue growth and GMV, especially in the Marketplace and U.S. segments, indicating areas for improvement.

Company Guidance

During Mercari's FY 2025 Full Year Financial Results Presentation, key performance metrics were highlighted. The company reported a core operating profit of JPY 27.5 billion, surpassing forecasts, with a revenue of JPY 192.6 billion, which, despite being below expectations, still marked a record high. The marketplace, Fintech, and U.S. segments all achieved profitability for the first time, with cross-border transaction GMV over JPY 90 billion and Mercard issuances exceeding 5 million. Looking forward to FY 2026, Mercari anticipates revenue growth of 4% to 9%, aiming for a core operating profit between JPY 28 billion and JPY 32 billion. The company plans to invest in AI and capitalize on its credit business, targeting a CAGR of over 25% in core operating profit compared to FY 2024. Additionally, the Fintech segment saw a significant core operating profit rise to JPY 4.5 billion, driven by a 32% growth in the credit balance. The U.S. business also achieved profitability with a JPY 900 million operating profit. Mercari continues to focus on being an AI-native company, enhancing user experiences, and strengthening its product offerings across all segments.

Record High Core Operating Profit

Core operating profit reached JPY 27.5 billion, significantly exceeding the forecast, representing a 46% year-on-year growth.

Profitability Across All Segments

All three business segments, Marketplace, Fintech, and U.S., achieved full-year profitability for the first time.

Fintech Segment Growth

Fintech core operating profit significantly exceeded the initial target, ending at JPY 4.5 billion, with a year-on-year credit balance growth of 32%.

AI Integration Success

AI now generates 70% of code related to product development, leading to a 64% year-over-year increase in development output per engineer.

Cross-Border Transaction Growth

Cross-border transaction GMV exceeded JPY 90 billion, marking a 15-fold increase since FY 2022, now accounting for approximately 8% of total Marketplace GMV.

DE:6TP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Nov 04, 2026	2027 (Q1)	0.33 / -	0.172	―
Aug 05, 2026	2026 (Q4)	0.42 / 0.55	0.496	10.56% (+0.05)
May 11, 2026	2026 (Q3)	0.25 / 0.30	0.15	102.68% (+0.15)
Feb 09, 2026	2026 (Q2)	0.19 / 0.19	0.154	25.29% (+0.04)
Nov 07, 2025	2026 (Q1)	0.16 / 0.17	0.101	69.27% (+0.07)
Aug 05, 2025	2025 (Q4)	0.26 / 0.50	0.163	204.13% (+0.33)
May 07, 2025	2025 (Q3)	0.13 / 0.15	0.146	2.80% (<+0.01)
Feb 07, 2025	2025 (Q2)	0.10 / 0.15	0.06	154.17% (+0.09)
Nov 06, 2024	2025 (Q1)	- / 0.10	0.098	3.65% (<+0.01)
Aug 13, 2024	2024 (Q4)	- / 0.16	0.281	-42.04% (-0.12)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed