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| Date | Value |
|---|---|
| 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 |