Commerce.com (CMRC) Research & Development (2019 - 2026)
Commerce.com (CMRC) reported Research & Development of $17.67 million for Q2 2026, down 3.5% from $18.31 million a year earlier and down 2.0% from the prior quarter.
Powered by 
Analysis
Commerce.com (CMRC) Research & Development (2019 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Commerce.com's Research & Development came in at $71.21 million, down 8.8% year-over-year; for FY2025, it came in at $73.02 million, down 9.7% from FY2024.
- Research & Development has declined for three consecutive years, though with a five-year compound annual growth rate of 8.6% (FY2020 to FY2025).
- By year, Research & Development came in at $80.88 million in FY2024 (-3.1%), $83.46 million in FY2023 (-5.4%), $88.25 million in FY2022 (+36.7%) and $64.55 million in FY2021 (+33.5%).
- Five-year quarterly Research & Development spans a low of $16.53 million in Q3 2021 and a high of $22.67 million in Q4 2022.
- Year over year, Research & Development has now declined in each of the last six quarters, with an average decline of 6.4% over the last eight quarters.
- The high point for year-over-year Research & Development in five years was Q1 2022 (growth of 54.7%); the low point was Q3 2025 (a decline of 16.2%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $18.03 million (Q1 2026), $18.04 million (Q4 2025) and $17.46 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,164.76 Bn | 3,922.28 Bn | 73.85 Bn | 18.22 Bn |
| 2 | Meta Platforms | 1,823.40 Bn | 1,525.92 Bn | 49.47 Bn | 21.66 Bn |
| 3 | Netflix | 288.27 Bn | 248.47 Bn | 6.52 Bn | 1.01 Bn |
| 4 | Alibaba Group Holding | 252.72 Bn | 70.58 Bn | 15.11 Bn | -3.32 Bn |
| 5 | Shopify | 186.52 Bn | 163.71 Bn | 1.71 Bn | 445.00 Mn |
| 6 | Uber Technologies | 139.11 Bn | 111.09 Bn | 6.38 Bn | 1.04 Bn |
| 7 | Booking Holdings | 123.13 Bn | 56.18 Bn | - | - |
| 8 | PDD Holdings | 111.72 Bn | -140.21 Bn | 9.45 Bn | -673.00 Mn |
| 9 | AppLovin | 103.35 Bn | 93.38 Bn | 1.70 Bn | 99.90 Mn |
| 10 | Commerce.com | 262.66 Mn | -331.92 Mn | 63.53 Mn | 17.67 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.67 Mn |
| Mar 31, 2026 | 18.03 Mn |
| Dec 31, 2025 | 18.04 Mn |
| Sep 30, 2025 | 17.46 Mn |
| Jun 30, 2025 | 18.31 Mn |
| Mar 31, 2025 | 19.21 Mn |
| Dec 31, 2024 | 19.76 Mn |
| Sep 30, 2024 | 20.84 Mn |
| Jun 30, 2024 | 20.29 Mn |
| Mar 31, 2024 | 19.99 Mn |
| Dec 31, 2023 | 19.51 Mn |
| Sep 30, 2023 | 21.70 Mn |
| Jun 30, 2023 | 21.40 Mn |
| Mar 31, 2023 | 20.85 Mn |
| Dec 31, 2022 | 22.67 Mn |
| Sep 30, 2022 | 22.25 Mn |
| Jun 30, 2022 | 22.39 Mn |
| Mar 31, 2022 | 20.94 Mn |
| Dec 31, 2021 | 19.76 Mn |
| Sep 30, 2021 | 16.53 Mn |
API Access
Commerce.com Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=CMRC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "CMRC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=CMRC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();