dLocal (DLO) EBT Margin (2020 - 2025)

dLocal (DLO) posted quarterly EBT Margin of 19.1% for Q4 2025, down 84.0% YoY from 119.4% in Q4 2024, and down 11.79% sequentially from 21.66% in Q3 2025.

dLocal (DLO) EBT Margin (2020 - 2025) Analysis & Trends

dLocal has disclosed EBT Margin across 6 years of filings, most recently posting 19.1% for 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 declined to 19.1% in Q4 2025, from 21.66% in the prior quarter.
  • Over the last five years, EBT Margin for DLO reached as high as 45.47% in Q1 2021 and fell as low as 13.46% in Q1 2024.
  • The 5-year median for EBT Margin is 29.5% (2023), against an average of 26.93%.
  • Annual changes were most pronounced in 2024 — EBT Margin slumped 1548 bps — and 2025, when it soared 1049 bps.
  • A 5-year view of EBT Margin shows it stood at 33.65% in 2021, then plunged by 42 bps to 19.67% in 2022, then decreased by 3 bps to 19.13% in 2023, then advanced by 4 bps to 19.95% in 2024, then retreated by 4 bps to 19.1% in 2025.
  • According to Business Quant data, EBT Margin over the past three periods registered 19.1%, 21.66%, and 19.88% for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT Margin (Qtr)
1 Microsoft 2,853.66 Bn 2,775.39 Bn 56.06 Bn 47.46%
2 Oracle 408.21 Bn 376.86 Bn 17.12 Bn 27.99%
3 Palantir Technologies 300.98 Bn 293.06 Bn 1.42 Bn 54.43%
4 Palo Alto Networks 247.84 Bn 243.30 Bn 1.91 Bn 21.16%
5 CrowdStrike Holdings 193.63 Bn 190.57 Bn 993.68 Mn 4.43%
6 Fortinet 117.45 Bn 114.16 Bn 1.49 Bn 35.50%
7 Cloudflare 86.88 Bn 85.93 Bn 455.60 Mn -3.35%
8 Synopsys 86.18 Bn 86.06 Bn 1.77 Bn 3.28%
9 Block 46.10 Bn 39.21 Bn 2.91 Bn -6.48%
10 dLocal 4.27 Bn 3.55 Bn 115.80 Mn 19.10%

Historic Data

Download Data
DateValue
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%
Mar 31, 2021 45.47%