diff --git a/packages/react-intl-universal/src/ReactIntlUniversal.js b/packages/react-intl-universal/src/ReactIntlUniversal.js
index 0c6444a..38582cd 100644
--- a/packages/react-intl-universal/src/ReactIntlUniversal.js
+++ b/packages/react-intl-universal/src/ReactIntlUniversal.js
@@ -84,8 +84,14 @@ class ReactIntlUniversal {
     }
 
     try {
-      const msgFormatter = new IntlMessageFormat(msg, currentLocale, formats);
-      return msgFormatter.format(variables);
+      const cacheKey = key + JSON.stringify(variables) + currentLocale;
+      let computedValue = this.cache[cacheKey];
+      if (typeof computedValue === 'undefined') {
+        const msgFormatter = new IntlMessageFormat(msg, currentLocale, formats);
+        computedValue = msgFormatter.format(variables);
+        this.cache[cacheKey] = computedValue;
+      }
+      return computedValue;
     } catch (err) {
       this.options.warningHandler(
         `react-intl-universal format message failed for key='${key}'.`,
@@ -188,6 +194,8 @@ class ReactIntlUniversal {
       constants.defaultFormats
     );
 
+    this.cache = Object.create(null)
+
     return new Promise((resolve, reject) => {
       // init() will not load external common locale data anymore.
       // But, it still return a Promise for abckward compatibility.
diff --git a/packages/react-intl-universal/test/index.test.js b/packages/react-intl-universal/test/index.test.js
index 0a878be..bcc8c96 100644
--- a/packages/react-intl-universal/test/index.test.js
+++ b/packages/react-intl-universal/test/index.test.js
@@ -368,3 +368,15 @@ test("Resolve directly if the environment is not browser", async () => {
   });
   expect(result).toBe(undefined);
 });
+
+test("cache", () => {
+  const key = "HELLO";
+  const variables = { name: 'World' };
+  const currentLocale = "en-US"
+  const cacheKey = key + JSON.stringify(variables) + currentLocale;
+
+  intl.init({ locales, currentLocale });
+  
+  expect(intl.get(key, variables)).toBe("Hello, World");
+  expect(intl.cache[cacheKey]).toBe("Hello, World");
+});
\ No newline at end of file