MercadoLibre (MELI) r&d spend was $2.3B in FY2025 (+17% YoY). The tables below show the complete quarterly and annual r&d spend history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual R&D Spend
Fiscal Year
R&D Spend
YoY
2025
$2.3B
+17%
2024
$1.9B
+6%
2023
$1.8B
+67%
2022
$1.1B
+86%
2021
$590M
+67%
2020
$353M
+58%
2019
$224M
+53%
2018
$146M
+15%
2017
$127M
+29%
2016
$98M
Recent Quarterly R&D Spend
Quarter
R&D Spend
Q1 2026
$699M
Q4 2025
$584M
Q3 2025
$567M
Q2 2025
$567M
Q1 2025
$551M
Q4 2024
$512M
Q3 2024
$504M
Q2 2024
$460M
Q1 2024
$458M
Q4 2023
$686M
Q3 2023
$396M
Q2 2023
$368M
Source: MELI on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.