dLocal (DLO) EBT Margin (2020 - 2025)
dLocal (DLO) reported 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 - 2025) Analysis & Trends
dLocal (DLO) has 6 years of EBT Margin data on file, last reported at 19.1% in Q4 2025.
- EBT Margin for Q4 2025 came in at 19.1%, down 84.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 20.91% (up 66.0% YoY), and the FY2025 annual result was 20.91%, up 66.0% from the prior year.
- EBT Margin slipped to 19.1% in Q4 2025 per DLO's latest filing, from 21.66% in the prior quarter.
- Over five years, EBT Margin peaked at 45.47% in Q1 2021 and troughed at 13.46% in Q1 2024.
- A 5-year average of 26.93% and a median of 29.5% in 2023 frame the typical range for EBT Margin.
- The sharpest annual moves came in 2024 and 2025: EBT Margin plunged 1548 bps in 2024, then soared 1049 bps in 2025.
- A 5-year view of EBT Margin shows it stood at 33.65% in 2021, then slumped 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.
- 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 | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 47.46% |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | 6.63% |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 25.69% |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 54.43% |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 21.16% |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 4.43% |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 35.50% |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 3.28% |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | -3.35% |
| 10 | dLocal | 3.47 Bn | 2.75 Bn | 115.80 Mn | 19.10% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |