Mercadolibre (MELI) Research & Development (2009 - 2026)

Mercadolibre (MELI) posted quarterly Research & Development of $699.0 million for Q1 2026, up 26.86% year-over-year from $551.0 million in Q1 2025, and up 19.69% on a QoQ basis from $584.0 million in Q4 2025.

Mercadolibre (MELI) Research & Development (2009 - 2026) Analysis & Trends

Mercadolibre (MELI) has reported Research & Development for 18 consecutive years, with $699.0 million the latest figure, recorded in Q1 2026.

  • In Q1 2026, Research & Development rose 26.86% year-over-year to $699.0 million; the TTM figure through Mar 2026 stood at $2.4 billion (up 19.24% YoY), while the FY2025 annual figure was $2.3 billion, up 17.32% from the prior year.
  • Research & Development came in at $699.0 million for Q1 2026 at Mercadolibre, up from $584.0 million in the prior quarter.
  • The five-year high for Research & Development was $699.0 million in Q1 2026, with the low at $234.0 million in Q1 2022.
  • Average Research & Development over 5 years is $460.7 million, with a median of $460.0 million recorded in 2024.
  • Across the five-year window, Research & Development soared 111.08% in 2023 and declined 25.36% in 2024, its largest moves.
  • Year by year, Research & Development stood at $325.0 million in 2022, then jumped by 111.08% to $686.0 million in 2023, then slipped by 25.36% to $512.0 million in 2024, then advanced by 14.06% to $584.0 million in 2025, then increased by 19.69% to $699.0 million in 2026.
  • According to Business Quant data, Research & Development over the past three periods registered $699.0 million, $584.0 million, and $567.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Amazon Com 2,596.58 Bn 2,453.49 Bn 171.21 Bn 29.57 Bn
2 PDD Holdings 461.36 Bn 436.70 Bn 12.81 Bn -714.26 Mn
3 Zkh 323.97 Bn 323.97 Bn 286.49 Mn -4.25 Mn
4 Mercadolibre 88.32 Bn 82.67 Bn 3.86 Bn 699.00 Mn
5 DoorDash 82.24 Bn 77.38 Bn 2.04 Bn 398.00 Mn
6 Ebay 49.85 Bn 45.99 Bn 2.29 Bn 450.00 Mn
7 Coupang 33.12 Bn 33.03 Bn 2.30 Bn -
8 Wayfair 12.46 Bn 11.40 Bn 880.00 Mn -
9 Maplebear 10.73 Bn 10.04 Bn 738.00 Mn 164.00 Mn
10 Chewy 8.52 Bn 8.00 Bn 1.01 Bn -

Historic Data

Download Data
DateValue
Mar 31, 2026 699.00 Mn
Dec 31, 2025 584.00 Mn
Sep 30, 2025 567.00 Mn
Jun 30, 2025 567.00 Mn
Mar 31, 2025 551.00 Mn
Dec 31, 2024 512.00 Mn
Sep 30, 2024 504.00 Mn
Jun 30, 2024 460.00 Mn
Mar 31, 2024 458.00 Mn
Dec 31, 2023 686.00 Mn
Sep 30, 2023 396.00 Mn
Jun 30, 2023 368.00 Mn
Mar 31, 2023 381.00 Mn
Dec 31, 2022 325.00 Mn
Sep 30, 2022 278.00 Mn
Jun 30, 2022 262.00 Mn
Mar 31, 2022 234.00 Mn
Dec 31, 2021 179.00 Mn
Sep 30, 2021 138.00 Mn
Jun 30, 2021 147.00 Mn