Skip to content
MARKETS / NASDAQ / DLO
NASDAQ · SERVICES-BUSINESS SERVICES, NEC · LARGE CAP

dLocal Ltd. DLO

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.1B
▲ 46.6% YoY
$196.8M
▲ 63.4% YoY
$413.2M
In brief

What this company does

dLocal earns revenue from fees charged to merchants for payment processing services covering cross-border and local-to-local payment transactions in emerging markets. As of December 31, 2025, its cloud-based platform had the ability to power cross-border and local-to-local transactions in 44 countries. As of December 31, 2025, it had a team of 1,274 professionals located in 51 countries. It holds 37 licenses and/or authorizations across 26 markets. Its portfolio includes over 760 global merchants.

Written from the business description in DLocal Limited's annual report to the U.S. Securities and Exchange Commission, filed 18 March 2026. Every sentence was checked against that document before publication.

Growth
USD 1.1B
Revenue, FY2025 · full 7-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.1 · Net income 0.2
0.4B0.8B2019202020212022202320242025
Compound annual growth
+37.7%
+60.0%
+21.9%
+47.5%
+22.9%
+45.4%
+320.2%
+58.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +60.0% a year over five years — but profit grew slower: net income at +47.5%, earnings per share at +45.4%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
18 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 20.1% · Net 18.0%
10%20%30%2019202020212022202320242025
ROE
FY2025 · ROE 37.2%
20%40%60%2019202020212022202320242025

Each USD of equity produced 37 cents of profit this year.

Cash & shareholders
USD 150.0M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 413.2
200M400M2019202020212022202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends 150.0 · Net buybacks —
50M100M201920202022202320242025

USD 150.0M in dividends — 76% of the year's profit went back to shareholders.

Total assetsUSD 1.5B
EquityUSD 569.3M
CashUSD 719.9M
Gross debtUSD 86.7M
Net debtUSD -633.2M
Current ratio1.47×

The company holds more cash than debt.

The 7-year record
7 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019
Revenue $B1.10.70.70.40.20.10.1
Operating income $B0.20.10.20.10.10.00.0
EBITDA $B0.20.20.20.10.10.00.0
Income tax $B0.00.00.00.00.00.00.0
Net income $B0.20.10.10.10.10.00.0
Free cash flow $B0.4−0.00.30.20.10.10.0
EPS, diluted $0.650.390.490.350.250.100.05
Dividend / sh $·······
Payout %7600··5364
ROE %37.225.534.932.047.962.6·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 33 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 62 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Business Services, NEC
Listed onNASDAQ
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
Data on record since2019

Share this section

Download image