dLocal (DLO) EBITDA Margin (2020 - 2025)
dLocal (DLO) reported EBITDA Margin of 16.41% for Q4 2025, up 404.0% year-over-year from 3.26% in Q4 2024, and down 5.74% quarter-over-quarter from 17.41% in Q3 2025.
dLocal (DLO) EBITDA Margin (2020 - 2025) Analysis & Trends
dLocal (DLO) has 6 years of EBITDA Margin data on file, last reported at 16.41% in Q4 2025.
- EBITDA Margin for Q4 2025 came in at 16.41%, up 404.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 18.46% (up 381.0% YoY), and the FY2025 annual result was 18.46%, up 381.0% from the prior year.
- EBITDA Margin retreated to 16.41% in Q4 2025 per DLO's latest filing, from 17.41% in the prior quarter.
- Over five years, EBITDA Margin peaked at 42.58% in Q1 2021 and troughed at 9.24% in Q1 2024.
- A 5-year average of 23.12% and a median of 23.62% in 2023 frame the typical range for EBITDA Margin.
- The sharpest annual moves came in 2024 and 2025: EBITDA Margin tumbled 1766 bps in 2024, then surged 1391 bps in 2025.
- A 5-year view of EBITDA Margin shows it stood at 30.39% in 2021, then slumped by 45 bps to 16.78% in 2022, then plunged by 38 bps to 10.33% in 2023, then grew by 20 bps to 12.36% in 2024, then surged by 33 bps to 16.41% in 2025.
- Business Quant data shows DLO's EBITDA Margin at 16.41% in Q4 2025, 17.41% in Q3 2025, and 18.37% in Q2 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 46.33% |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | 3.18% |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 31.79% |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 46.18% |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 15.30% |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 1.06% |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 31.36% |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 8.43% |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | -9.69% |
| 10 | dLocal | 3.47 Bn | 2.75 Bn | 115.80 Mn | 16.41% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 16.41% |
| Sep 30, 2025 | 17.41% |
| Jun 30, 2025 | 18.37% |
| Mar 31, 2025 | 23.16% |
| Dec 31, 2024 | 12.36% |
| Sep 30, 2024 | 14.16% |
| Jun 30, 2024 | 23.72% |
| Mar 31, 2024 | 9.24% |
| Dec 31, 2023 | 10.33% |
| Sep 30, 2023 | 23.51% |
| Jun 30, 2023 | 28.84% |
| Mar 31, 2023 | 26.91% |
| Dec 31, 2022 | 16.78% |
| Sep 30, 2022 | 28.55% |
| Jun 30, 2022 | 29.13% |
| Mar 31, 2022 | 31.37% |
| Dec 31, 2021 | 30.39% |
| Sep 30, 2021 | 28.08% |
| Jun 30, 2021 | 31.15% |
| Mar 31, 2021 | 42.58% |