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| 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% |