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| 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 |