Mercadolibre (MELI) Research & Development (2018 - 2026)
Mercadolibre (MELI) recorded Research & Development of $729 million in Q2 2026, up 28.6% from $567 million a year earlier and up 4.3% from the prior quarter.
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Analysis
Mercadolibre (MELI) Research & Development (2018 - 2026) Analysis & Trends
On a TTM basis, Mercadolibre's Research & Development came in at $2.58 billion as of Jun 30, 2026, up 20.9% year-over-year; for FY2025, it was $2.27 billion, up 17.3% from FY2024.
- Annual Research & Development has increased for nine straight years, with a five-year compound annual growth rate of 45.1% (FY2020 to FY2025).
- Across earlier years, Research & Development came in at $1.93 billion in FY2024 (+5.6%), $1.83 billion in FY2023 (+66.6%), $1.1 billion in FY2022 (+86.3%) and $590 million in FY2021 (+67.1%).
- The Q2 2026 figure is the highest quarterly Research & Development in data going back to Q1 2018.
- On a year-over-year basis, Research & Development has increased for six consecutive quarters, with growth averaging 15.9% over the last eight quarters.
- Peak year-over-year performance for Research & Development in the last five years was growth of 111.1% in Q4 2023, against a decline of 25.4% in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $699 million (Q1 2026), $584 million (Q4 2025) and $567 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,273.02 Bn | 4,030.55 Bn | 73.85 Bn | 18.22 Bn |
| 2 | Meta Platforms | 1,882.67 Bn | 1,585.19 Bn | 49.47 Bn | 21.66 Bn |
| 3 | Netflix | 292.72 Bn | 252.92 Bn | 6.52 Bn | 1.01 Bn |
| 4 | Alibaba Group Holding | 258.66 Bn | 82.26 Bn | 15.11 Bn | -3.32 Bn |
| 5 | Shopify | 221.29 Bn | 198.47 Bn | 1.71 Bn | 445.00 Mn |
| 6 | Uber Technologies | 145.86 Bn | 117.84 Bn | 6.38 Bn | 1.04 Bn |
| 7 | Booking Holdings | 120.48 Bn | 53.53 Bn | - | - |
| 8 | PDD Holdings | 115.79 Bn | -126.92 Bn | 9.45 Bn | -673.00 Mn |
| 9 | Spotify Technology | 108.98 Bn | 66.21 Bn | 1.86 Bn | 468.43 Mn |
| 10 | Mercadolibre | 95.81 Bn | 71.83 Bn | 4.16 Bn | 729.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 729.00 Mn |
| 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 |
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();