People (PPLI) Research & Development (2019 - 2026)
People's (PPLI) quarterly Research & Development came in at $120.7 million in Q2 2026, down 6.87% on a YoY basis from $129.6 million in Q2 2025, and down 9.26% quarter-over-quarter from $133.0 million in Q1 2026.
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Analysis
People (PPLI) Research & Development (2019 - 2026) Analysis & Trends
People (PPLI) has reported Research & Development for 8 consecutive years, with $120.7 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Research & Development fell 6.87% year-over-year to $120.7 million; the trailing twelve-month figure through Jun 2026 stood at $615.2 million (down 6.76% YoY), and the FY2025 full-year result was $728.2 million, down 1.36% from the prior year.
- Research & Development eased to $120.7 million in Q2 2026 per PPLI's latest filing, from $133.0 million in the prior quarter.
- Across five years, Research & Development topped out at $508.4 million in Q2 2022 and bottomed at -$421.3 million in Q4 2023.
- Historically, Research & Development has averaged $242.2 million across 5 years, with a median of $188.2 million in 2024.
- The sharpest annual moves came in 2023 and 2024: Research & Development tumbled 197.49% in 2023, then soared 145.1% in 2024.
- Over 5 years, Research & Development stood at $432.1 million in 2022, then slumped by 197.49% to -$421.3 million in 2023, then jumped by 145.1% to $190.0 million in 2024, then retreated by 8.9% to $173.1 million in 2025, then tumbled by 30.27% to $120.7 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $120.7 million, $133.0 million, and $173.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alibaba Group Holding | 263.05 Bn | 227.79 Bn | 15.11 Bn | -7.02 Bn |
| 2 | Booking Holdings | 126.16 Bn | 108.94 Bn | 4.98 Bn | 263.00 Mn |
| 3 | PDD Holdings | 112.31 Bn | 82.02 Bn | 9.45 Bn | -673.00 Mn |
| 4 | Airbnb | 98.07 Bn | 86.00 Bn | 2.98 Bn | 875.00 Mn |
| 5 | Mercadolibre | 90.61 Bn | 75.42 Bn | 4.16 Bn | 1.13 Bn |
| 6 | Ebay | 49.77 Bn | 46.46 Bn | 2.30 Bn | 697.00 Mn |
| 7 | Expedia | 31.98 Bn | 24.85 Bn | 3.91 Bn | 2.12 Bn |
| 8 | Maplebear | 10.57 Bn | 9.72 Bn | 751.00 Mn | 233.00 Mn |
| 9 | Full Truck Alliance | 7.59 Bn | 6.63 Bn | - | -38.45 Mn |
| 10 | People | 2.48 Bn | 1.41 Bn | 280.20 Mn | 120.71 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 120.71 Mn |
| Mar 31, 2026 | 133.03 Mn |
| Dec 31, 2025 | 173.11 Mn |
| Sep 30, 2025 | 188.37 Mn |
| Jun 30, 2025 | 129.61 Mn |
| Mar 31, 2025 | 157.37 Mn |
| Dec 31, 2024 | 190.02 Mn |
| Sep 30, 2024 | 182.82 Mn |
| Jun 30, 2024 | 177.31 Mn |
| Mar 31, 2024 | 188.08 Mn |
| Dec 31, 2023 | -421.28 Mn |
| Sep 30, 2023 | 407.36 Mn |
| Jun 30, 2023 | 413.95 Mn |
| Mar 31, 2023 | 403.30 Mn |
| Dec 31, 2022 | 432.11 Mn |
| Sep 30, 2022 | 486.83 Mn |
| Jun 30, 2022 | 508.38 Mn |
| Mar 31, 2022 | 488.46 Mn |
| Dec 31, 2021 | 360.54 Mn |
| Sep 30, 2021 | 348.19 Mn |
API Access
People 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=PPLI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "PPLI", "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=PPLI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();