Lazada Marketplace 1P vs 3P Split

Lazada generated US$31,553m in total Gross Merchandise Volume (GMV) in 2025, of which 99% comes from third-party sellers and the rest is first-party net sales plus VAT. All in one standardized GMV, so 1P, 3P and hybrid models compare like for like.

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Lazada GMV Composition Over Time

  • Lazada's total GMV reached US$31,553m in 2025.
  • Lazada's 1P net sales were US$392m, plus US$39m VAT on 1P, in 2025.
  • Lazada's 3P GMV from third-party sellers was US$31,122m in 2025.

E-Commerce Revenue Split by 1P & 3P (GMV in Million US$)

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
US$31,553m
2025
2026
2027
1P Net Sales
VAT on 1P
3P GMV

Making 1P, 3P and Hybrid Comparable

Different business models are measured differently. First party retailers are assessed on net sales, while third party and hybrid models are measured on Gross Merchandise Volume (GMV), the total value of transactions processed through the retailer. To rank them on one basis, we standardize every retailer onto a single total GMV, whatever its business model.

Lazada 1P vs 3P Share

  • First-party sales made up 1% of Lazada's GMV in 2025.
  • Third-party sellers contributed 99% of Lazada's GMV, or US$31,122m, in 2025.
  • Lazada's 1P side combines US$392m net sales and US$39m VAT of the US$31,553m total in 2025.

E-Commerce Revenue Split 2025 by 1P & 3P (GMV in Million US$)

99%3P GMV
1%1P GMV
1P Net Sales
VAT on 1P
3P GMV

See the Full GMV Breakdown in Profiles

Full 1P and 3P history and sellers behind the GMV.

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