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

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

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

Mercadolibre's Research & Development history runs 18 years deep, the most recent figure standing at $699.0 million for 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 was $699.0 million for Q1 2026 at Mercadolibre, up from $584.0 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $699.0 million in Q1 2026 to a low of $234.0 million in Q1 2022.
  • Historically, Research & Development has averaged $460.7 million across 5 years, with a median of $460.0 million in 2024.
  • The sharpest annual moves came in 2023 and 2024: Research & Development soared 111.08% in 2023, then decreased 25.36% in 2024.
  • A 5-year view of Research & Development shows it stood at $325.0 million in 2022, then jumped by 111.08% to $686.0 million in 2023, then fell by 25.36% to $512.0 million in 2024, then increased by 14.06% to $584.0 million in 2025, then advanced by 19.69% to $699.0 million in 2026.
  • The last three Research & Development figures came in at $699.0 million (Q1 2026), $584.0 million (Q4 2025), and $567.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Amazon Com 2,551.03 Bn 2,407.94 Bn 171.21 Bn 29.57 Bn
2 Mercadolibre 82.72 Bn 77.07 Bn 3.86 Bn 699.00 Mn
3 DoorDash 72.09 Bn 67.22 Bn 2.04 Bn 398.00 Mn
4 PDD Holdings 62.92 Bn 38.25 Bn 12.81 Bn -714.26 Mn
5 Ebay 48.30 Bn 44.44 Bn 2.29 Bn 450.00 Mn
6 Coupang 34.44 Bn 34.35 Bn 2.30 Bn -
7 Zkh 14.36 Bn 14.36 Bn 285.30 Mn -4.25 Mn
8 Wayfair 10.72 Bn 9.65 Bn 880.00 Mn -
9 Maplebear 10.27 Bn 9.58 Bn 738.00 Mn 164.00 Mn
10 Chewy 7.37 Bn 6.85 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