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MERCADOLIBRE INC R&D Expense 2016-2026 | MELI

Annual FY2016–FY2025 · quarterly through Q1 FY2026

Latest annual · FY2025

$2.27B

+17.3%YoY vs FY2024Source: 10-KFY2025

From $98.5M in FY2016 to $2.27B in FY2025: 23.0× in 9 years.

By quarter▲▼ vs a year before
Fiscal yearQ1Q2Q3Q4
FY26$699M+26.9%Not reportedNot reportedNot reported
FY25$551M+20.3%$567M+23.3%$567M+12.5%$584M+14.1%
FY24$458M+20.2%$460M+25.0%$504M+27.3%$512M−25.4%
FY23$381M+62.8%$368M+40.5%$396M+42.4%$686M+111.1%
FY22$234M+85.7%$262M+78.2%$278M+101.4%$325M+81.6%
Share22%23%25%30%

Shaded by size: darkest is the largest quarter shown; ringed is the latest reported; a dash marks a quarter with no separate figure. Each quarter sits by its period-end date. Share: its typical part of the fiscal year.

Key Statistics

Trend DirectionGrowing
CAGR

+45.1%

FY2020
$353.0M
FY2025
$2.27B

5 years selected · on the chart

R&D Expense History

Year-over-year comparison from 10-K annual reports

  1. $2.27B
YoY changeLargest recent move+86.3%in FY22Latest +17.3%

R&D Expense, period by period

PeriodValueChangeSource
FY2025$2.27B+17.3%10-K
FY2024$1.93B+5.6%10-K
FY2023$1.83B+66.6%10-K
FY2022$1.10B+86.3%10-K
FY2021$590.0M+67.1%10-K
FY2020$353.0M+57.7%10-K
FY2019$223.8M+53.0%10-K
FY2018$146.3M+15.0%10-K
FY2017$127.2M+29.1%10-K
FY2016$98.5M—10-K

What is r&d expense?

Research and development expense represents the costs incurred in discovering and developing new products, processes, or technologies.

What is MERCADOLIBRE INC's current r&d expense?

MERCADOLIBRE INC (MELI) annual r&d expense for 2025 was $2.27B, a 17.32% increase from 2024. MERCADOLIBRE INC r&d expense for the quarter ending March 31, 2026 was $699.0M.

What was MERCADOLIBRE INC's r&d expense in 2024?

MERCADOLIBRE INC annual r&d expense for 2024 was $1.93B, a 5.63% increase from 2023.

What was MERCADOLIBRE INC's r&d expense in 2023?

MERCADOLIBRE INC annual r&d expense for 2023 was $1.83B, a 66.61% increase from 2022.

What is MERCADOLIBRE INC's 5-year r&d expense CAGR?

MERCADOLIBRE INC r&d expense grew at a compound annual growth rate (CAGR) of 45.08% from FY2020 to FY2025, going from $353.0M to $2.27B over 5 years.

Company
MERCADOLIBRE INC
Ticker
MELI
Sector
Other
Industry
Services-Business Services, NEC