dLocal (DLO) FCF Margin (2020 - 2025)
dLocal (DLO) reported FCF Margin of 29.9% for Q4 2025, up 9870.0% year-over-year from 0.3% in Q4 2024, and down 11.47% quarter-over-quarter from 33.77% in Q3 2025.
dLocal (DLO) FCF Margin (2020 - 2025) Analysis & Trends
dLocal (DLO) has 6 years of FCF Margin data on file, last reported at 29.9% in Q4 2025.
- FCF Margin for Q4 2025 came in at 29.9%, up 9870.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 38.2% (up 4237.0% YoY), and the FY2025 annual result was 38.2%, up 4237.0% from the prior year.
- FCF Margin declined to 29.9% in Q4 2025 per DLO's latest filing, from 33.77% in the prior quarter.
- Over five years, FCF Margin peaked at 86.95% in Q2 2023 and troughed at 68.81% in Q4 2024.
- A 5-year average of 33.69% and a median of 33.74% in 2022 frame the typical range for FCF Margin.
- The sharpest annual moves came in 2024 and 2025: FCF Margin slumped 10148 bps in 2024, then jumped 9870 bps in 2025.
- A 5-year view of FCF Margin shows it stood at 59.77% in 2021, then plunged by 158 bps to 34.82% in 2022, then soared by 194 bps to 32.67% in 2023, then sank by 311 bps to 68.81% in 2024, then jumped by 143 bps to 29.9% in 2025.
- Business Quant data shows DLO's FCF Margin at 29.9% in Q4 2025, 33.77% in Q3 2025, and 48.73% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 19.07% |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | - |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 55.23% |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 54.62% |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 14.80% |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 30.29% |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 55.21% |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 34.10% |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | 14.55% |
| 10 | dLocal | 3.47 Bn | 2.75 Bn | 115.80 Mn | 29.90% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 29.90% |
| Sep 30, 2025 | 33.77% |
| Jun 30, 2025 | 48.73% |
| Mar 31, 2025 | 44.45% |
| Dec 31, 2024 | -68.81% |
| Sep 30, 2024 | 21.33% |
| Jun 30, 2024 | 17.08% |
| Mar 31, 2024 | 22.10% |
| Dec 31, 2023 | 32.67% |
| Sep 30, 2023 | 5.07% |
| Jun 30, 2023 | 86.95% |
| Mar 31, 2023 | 61.61% |
| Dec 31, 2022 | -34.82% |
| Sep 30, 2022 | 77.40% |
| Jun 30, 2022 | 33.71% |
| Mar 31, 2022 | 86.89% |
| Dec 31, 2021 | 59.77% |
| Sep 30, 2021 | 43.50% |
| Jun 30, 2021 | 62.90% |
| Mar 31, 2021 | 9.51% |