Mercadolibre (MELI) Research & Development (2009 - 2026)
Mercadolibre (MELI) posted quarterly Research & Development of $982.0 million for Q1 2026, up 63.94% year-over-year from $599.0 million in Q1 2025, and up 1041.86% quarter-over-quarter from $86.0 million in Q4 2025.
Analysis
Mercadolibre (MELI) Research & Development (2009 - 2026) Analysis & Trends
Mercadolibre's Research & Development history runs 18 years deep, the most recent figure standing at $982.0 million for Q1 2026.
- In Q1 2026, Research & Development rose 63.94% year-over-year to $982.0 million; the TTM figure through Mar 2026 stood at $2.4 billion (up 3.2% YoY), while the FY2025 annual figure was $2.3 billion, up 3.56% from the prior year.
- Research & Development for Q1 2026 stood at $982.0 million, up from $86.0 million in the prior quarter.
- The five-year high for Research & Development was $982.0 million in Q1 2026, with the low at $86.0 million in Q4 2025.
- The 5-year median for Research & Development is $478.0 million (2024), against an average of $462.9 million.
- The sharpest annual moves came in 2023 and 2025: Research & Development surged 189.07% in 2023, then sank 86.48% in 2025.
- Mercadolibre's Research & Development stood at $183.0 million in 2022, then surged by 189.07% to $529.0 million in 2023, then advanced by 20.23% to $636.0 million in 2024, then tumbled by 86.48% to $86.0 million in 2025, then soared by 1041.86% to $982.0 million in 2026.
- Business Quant data shows MELI's Research & Development at $982.0 million in Q1 2026, $86.0 million in Q4 2025, and $567.0 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,737.80 Bn | 2,614.81 Bn | 198.88 Bn | 62.73 Bn |
| 2 | PDD Holdings | 116.50 Bn | -48,009.91 Bn | 9.45 Bn | -673.00 Mn |
| 3 | DoorDash | 99.56 Bn | 94.21 Bn | 2.35 Bn | 821.00 Mn |
| 4 | Mercadolibre | 98.86 Bn | 83.66 Bn | 4.16 Bn | 1.13 Bn |
| 5 | Sea | 67.86 Bn | 59.46 Bn | 3.55 Bn | -1.66 Bn |
| 6 | Ebay | 47.14 Bn | 43.84 Bn | 2.30 Bn | 697.00 Mn |
| 7 | JD.com | 39.73 Bn | 7.17 Bn | 16.50 Bn | -2.09 Bn |
| 8 | Coupang | 28.59 Bn | 22.48 Bn | 2.49 Bn | - |
| 9 | Wayfair | 12.74 Bn | 11.60 Bn | 1.05 Bn | - |
| 10 | Maplebear | 11.80 Bn | 10.95 Bn | 751.00 Mn | 233.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.13 Bn |
| Mar 31, 2026 | 982.00 Mn |
| Dec 31, 2025 | 1.04 Bn |
| Sep 30, 2025 | 833.00 Mn |
| Jun 30, 2025 | 751.00 Mn |
| Mar 31, 2025 | 599.00 Mn |
| Dec 31, 2024 | 636.00 Mn |
| Sep 30, 2024 | 566.00 Mn |
| Jun 30, 2024 | 511.00 Mn |
| Mar 31, 2024 | 478.00 Mn |
| Dec 31, 2023 | 686.00 Mn |
| Sep 30, 2023 | 441.00 Mn |
| Jun 30, 2023 | 383.00 Mn |
| Mar 31, 2023 | 383.00 Mn |
| Dec 31, 2022 | 380.00 Mn |
| Sep 30, 2022 | 333.00 Mn |
| Jun 30, 2022 | 296.00 Mn |
| Mar 31, 2022 | 286.00 Mn |
| Dec 31, 2021 | 338.00 Mn |
| Sep 30, 2021 | 281.00 Mn |