dLocal (DLO) Cost of Revenue (2020 - 2026)

dLocal (DLO) has reported Cost of Revenue for 7 consecutive years, with $272.5 million the latest figure, recorded in Q2 2026.

• On a quarterly basis, Cost of Revenue rose 72.94% year-over-year to $272.5 million in Q2 2026; TTM through Jun 2026 was $891.1 million, a 72.08% increase from a year earlier, with the FY2025 full-year figure at $690.8 million, up 53.08% from the prior year.
• Cost of Revenue was $272.5 million for Q2 2026 at dLocal, up from $217.2 million in the prior quarter.
• Over five years, Cost of Revenue peaked at $272.5 million in Q2 2026 and troughed at $43.9 million in Q1 2022.
• A 5-year average of $123.4 million and a median of $112.9 million in 2023 frame the typical range for Cost of Revenue.
• Across the five-year window, Cost of Revenue jumped 158.4% in 2022 and rose 2.11% in 2024, its largest moves.
• Over 5 years, Cost of Revenue stood at $63.3 million in 2022, then surged by 86.79% to $118.3 million in 2023, then increased by 2.11% to $120.8 million in 2024, then surged by 83.87% to $222.1 million in 2025, then advanced by 22.71% to $272.5 million in 2026.
• The last three Cost of Revenue figures came in at $272.5 million (Q2 2026), $217.2 million (Q1 2026), and $222.1 million (Q4 2025), per Business Quant data.