dLocal (DLO) EBT Margin (2020 - 2026)
dLocal (DLO) posted quarterly EBT Margin of 19.1% for Q4 2025, down 84.0% year-over-year from 119.4% in Q4 2024, and down 11.79% quarter-over-quarter from 21.66% in Q3 2025.
dLocal (DLO) EBT Margin (2020 - 2026) Analysis & Trends
dLocal (DLO) has reported EBT Margin for 6 consecutive years, with 19.1% the latest figure, recorded in Q4 2025.
- In Q4 2025, EBT Margin fell 84.0% year-over-year to 19.1%; the TTM figure through Dec 2025 stood at 20.91% (up 66.0% YoY), while the FY2025 annual figure was 20.91%, up 66.0% from the prior year.
- EBT Margin fell to 19.1% in Q4 2025 per DLO's latest filing, from 21.66% in the prior quarter.
- Across five years, EBT Margin topped out at 45.47% in Q1 2021 and bottomed at 13.46% in Q1 2024.
- Historically, EBT Margin has averaged 26.93% across 5 years, with a median of 29.5% in 2023.
- Annual changes were most pronounced in 2024 — EBT Margin plunged 1548 bps — and 2025, when it soared 1049 bps.
- dLocal's EBT Margin stood at 33.65% in 2021, then tumbled by 42 bps to 19.67% in 2022, then slipped by 3 bps to 19.13% in 2023, then climbed by 4 bps to 19.95% in 2024, then decreased by 4 bps to 19.1% in 2025.
- Business Quant data shows DLO's EBT Margin at 19.1% in Q4 2025, 21.66% in Q3 2025, and 19.88% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 48.94% |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 55.87% |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 27.99% |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | -5.20% |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 35.17% |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | -24.13% |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 3.28% |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | -21.90% |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 4.56% |
| 10 | dLocal | 3.92 Bn | 3.05 Bn | 127.15 Mn | 16.26% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 16.26% |
| Dec 31, 2025 | 19.10% |
| Sep 30, 2025 | 21.66% |
| Jun 30, 2025 | 19.88% |
| Mar 31, 2025 | 23.96% |
| Dec 31, 2024 | 19.95% |
| Sep 30, 2024 | 15.66% |
| Jun 30, 2024 | 32.87% |
| Mar 31, 2024 | 13.46% |
| Dec 31, 2023 | 19.13% |
| Sep 30, 2023 | 30.05% |
| Jun 30, 2023 | 33.24% |
| Mar 31, 2023 | 28.94% |
| Dec 31, 2022 | 19.67% |
| Sep 30, 2022 | 30.95% |
| Jun 30, 2022 | 34.47% |
| Mar 31, 2022 | 31.43% |
| Dec 31, 2021 | 33.65% |
| Sep 30, 2021 | 32.38% |
| Jun 30, 2021 | 32.74% |