Mercari (FRA:6TP) Total Operating Expense: €659 Mil (TTM As of Mar. 2026)


FRA:6TP Mercari Inc FRA:6TP
78 GF Score
Price €21.00
GF Value €15.55
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Mercari Total Operating Expense?

Mercari FRA:6TP +6.06% 78 Total Operating Expense is €659 Mil as of Mar. 2026. GuruFocus rates FRA:6TP with a GF Score™ of 78/100 and a GF Value™ of €15.55 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Mercari's Total Operating Expense for the three months ended in Mar. 2026 was €168 Mil. Mercari's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was €659 Mil.

Mercari Total Operating Expense Related Terms

Mercari Total Operating Expense Historical Data

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The historical data trend for Mercari's Total Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Mercari Total Operating Expense Chart

Mercari Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 577.55 698.11 637.09 660.55 662.58

Mercari Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 172.05 164.94 155.81 169.85 168.36
FRA:6TP
78GF Score
Mercari Inc FRA:6TP
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Mercari Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €659 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Total Operating Expense of €659 Mil mean?
Mercari (FRA:6TP) has a Total Operating Expense of €659 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Mercari and its competitors.
Is Mercari's Total Operating Expense too high?
Mercari's current Total Operating Expense is €659 Mil. Overall, Mercari has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mercari's Total Operating Expense compare to AMZN and BABA?
Mercari's Total Operating Expense of €659 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Retail - Cyclical company?
A good Total Operating Expense depends on the Retail - Cyclical industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Mercari and its competitors. Mercari's current Total Operating Expense is €659 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercari stock overvalued right now?
Based on GuruFocus' analysis, Mercari (FRA:6TP) is currently considered Significantly Overvalued. The stock's GF Value™ is €15.55, compared to a current price of €21.00 — trading 35% above its estimated fair value. The current Total Operating Expense is €659 Mil. Mercari's overall GF Score™ is 78/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Mercari (FRA:6TP), the current Total Operating Expense is €659 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Mercari (FRA:6TP) Overvalued in 2026?

Based on GuruFocus' analysis, Mercari stock appears to be overvalued. The current stock price of €21.00 is trading 35% above its estimated GF Value™ of €15.55. GuruFocus considers Mercari to be Significantly Overvalued.

Key valuation signals for FRA:6TP:

  • Total Operating Expense: €659 Mil
  • GF Value™: €15.55 vs. price of €21.00 (35% above fair value)
  • GF Score™: 78/100 with 5 warning signs

No single metric tells the full story. See the FRA:6TP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Mercari Business Description

Other Exchanges MCARY:USA4385:Japan
Address 6-10-1 Roppongi, 18th Floor, Roppongi Hills Mori Tower, Minato-ku, Tokyo, JPN, 106-6118
Mercari operates the largest consumer-to-consumer secondhand goods trading platform in Japan in Mercari, with over 23 million monthly active users and over JPY 1.1 trillion in gross merchandise value in fiscal 2022. We estimate that it currently has over 40% market share in the online C2C market, making it the top platform in Japan. It operates a domestic fintech business and a C2C marketplace app business in the US as well. Domestic business roughly accounts for over 95% of its total GMV.
78GF Score

Get the complete analysis for FRA:6TP

Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€21.00
Price
€15.55
GF Value