Mercari, Inc. · Year ended June 2026
Building compensation and credit around a sale: Mercari's transaction design.
A defective item can set a return or compensation process in motion. A deferred payment leaves money to collect after the purchase. Mercari's financial disclosures include measures of these operations surrounding the sale on the screen.
The time it takes to complete compensation
What supports ¥1,285.6bn of trading?
Deferred payment leaves money to collect
What does the 99.4% collection rate cover?
Larger credit balances also need funding
Managing merchandise, credit and funds
Different responsibilities surround a sale, with different objects and time horizons.
- Merchandise and disputesReturns, conditional compensation and authentication
- Credit and collectionCredit assessment, payment terms and collection
- Funding and safeguardsFinancing receivables and safeguarding user balances
Two different routes to overseas buyers
Different responsibilities sit behind one revenue total
THE VIEW AFTER THE NUMBERS
What the numbers suggest
Mercari combines the place where sales happen with services that handle disputes and payments. Completing compensation sooner and collecting deferred payments over a longer period are different responsibilities surrounding the same app.
Marketplace GMV reached ¥1,285.6bn in the year ended June 2026. Year-end credit balances were ¥358.1bn, supported in part by receivable financing. Compensation speed and a high collection rate are useful measures, but their conditions and scope prevent them from being universal assurances of safety.
Looking at the sale through compensation, collection and funding reveals more of Mercari. Alongside helping people find trading partners, it operates the responsibilities around their transactions.
Primary sources used
Consolidated Financial Results for the Fiscal Year Ended June 30, 2026 [IFRS]
Mercari, Inc. · 2026-08-05
Pages used: p.1 / p.5 / p.18
Open source →FY2026.6 Q4 Presentation Material
Mercari, Inc. · 2026-08-05
Pages used: p.19 / p.20-24 / p.33 / p.49 / p.49-50
Open source →FY2026.6 Q4 Q&A Summary
Mercari, Inc. · 2026-08-06
Pages used: p.1
Open source →