Mercadolibre (MELI) Research & Development (2009 - 2026)
Mercadolibre (MELI) posted Research & Development of $1.1 billion for Q2 2026, up 15.17% on a QoQ basis from $982.0 million in Q1 2026, and up 50.6% year-over-year from $751.0 million in Q2 2025.
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Analysis
Mercadolibre (MELI) Research & Development (2009 - 2026) Analysis & Trends
Mercadolibre has reported Research & Development for 18 years, with the latest figure at $1.1 billion in Q2 2026.
- On a quarterly basis, Research & Development rose 50.6% year-over-year to $1.1 billion in Q2 2026; TTM through Jun 2026 was $4.0 billion, a 56.03% increase from a year earlier, with the FY2025 full-year figure at $3.2 billion, up 46.92% from the prior year.
- Research & Development was $1.1 billion for Q2 2026 at Mercadolibre, up from $982.0 million in the prior quarter.
- The five-year high for Research & Development was $1.1 billion in Q2 2026, with the low at $286.0 million in Q1 2022.
- Average Research & Development over 5 years is $595.1 million, with a median of $538.5 million recorded in 2024.
- The sharpest annual moves came in 2023 and 2024: Research & Development surged 80.53% in 2023, then slipped 7.29% in 2024.
- Over 5 years, Research & Development stood at $380.0 million in 2022, then soared by 80.53% to $686.0 million in 2023, then decreased by 7.29% to $636.0 million in 2024, then surged by 62.89% to $1.0 billion in 2025, then increased by 9.17% to $1.1 billion in 2026.
- The last three Research & Development figures came in at $1.1 billion (Q2 2026), $982.0 million (Q1 2026), and $1.0 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alibaba Group Holding | 263.05 Bn | 227.79 Bn | 15.11 Bn | -7.02 Bn |
| 2 | Booking Holdings | 126.16 Bn | 108.94 Bn | 4.98 Bn | 263.00 Mn |
| 3 | PDD Holdings | 112.31 Bn | 82.02 Bn | 9.45 Bn | -673.00 Mn |
| 4 | Airbnb | 98.07 Bn | 86.00 Bn | 2.98 Bn | 875.00 Mn |
| 5 | Mercadolibre | 90.61 Bn | 75.42 Bn | 4.16 Bn | 1.13 Bn |
| 6 | Ebay | 49.77 Bn | 46.46 Bn | 2.30 Bn | 697.00 Mn |
| 7 | Expedia | 31.98 Bn | 24.85 Bn | 3.91 Bn | 2.12 Bn |
| 8 | Maplebear | 10.57 Bn | 9.72 Bn | 751.00 Mn | 233.00 Mn |
| 9 | Full Truck Alliance | 7.59 Bn | 6.63 Bn | - | -38.45 Mn |
| 10 | Etsy | 6.70 Bn | 5.58 Bn | 484.05 Mn | 190.93 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 |
API Access
Mercadolibre 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=MELI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "MELI", "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=MELI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();