dLocal (DLO) FCF Margin (2020 - 2026)
dLocal (DLO) posted FCF Margin of 33.56% for Q2 2026, down 18.87 percentage points from 52.43% a year earlier but up 4.04 percentage points from the prior quarter.
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Analysis
dLocal (DLO) FCF Margin (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, FCF Margin at dLocal was 32.59%, up 16.19 percentage points year-over-year; for FY2025, it was 40.67%, up 44.84 percentage points from FY2024.
- Annual FCF Margin shows a five-year change of -43.45 percentage points (FY2020 to FY2025).
- In prior years, dLocal's FCF Margin was -4.17% in FY2024 (-51.20 pp), 47.04% in FY2023 (+8.29 pp), 38.75% in FY2022 (-4.89 pp) and 43.64% in FY2021 (-40.48 pp).
- Quarterly FCF Margin has run from a low of -66.02% in Q4 2024 to a high of 86.95% in Q2 2023 over five years.
- On a year-over-year basis, FCF Margin increased in five of the last eight quarters, with an average year-over-year change of +5.56 percentage points.
- The strongest year-over-year quarter for FCF Margin in the past five years was Q4 2025, with a gain of 100.51 percentage points; the weakest was Q4 2024, with a drop of 100.28 percentage points.
- According to Business Quant data, FCF Margin for the three prior quarters was 29.52% (Q1 2026), 34.49% (Q4 2025) and 32.58% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 49.49 Bn | 7.72 Bn | - | 20.44% |
| 2 | Block | 46.34 Bn | 17.64 Bn | 3.17 Bn | 14.61% |
| 3 | Coinbase Global | 44.39 Bn | 1.20 Bn | - | 16.17% |
| 4 | Corpay | 26.40 Bn | 16.28 Bn | - | 105.74% |
| 5 | Fiserv | 25.40 Bn | 22.08 Bn | 2.90 Bn | 18.61% |
| 6 | Global Payments | 22.86 Bn | 652.84 Mn | 2.03 Bn | 12.86% |
| 7 | Guidewire Software | 14.45 Bn | 11.02 Bn | 269.68 Mn | 68.54% |
| 8 | Bitmine Immersion Technologies | 11.93 Bn | 9.31 Bn | 40.81 Mn | 62.27% |
| 9 | Chime Financial | 11.25 Bn | 7.04 Bn | 594.87 Mn | 29.49% |
| 10 | dLocal | 4.28 Bn | 976.83 Mn | 127.15 Mn | 34.84% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 34.84% |
| Mar 31, 2026 | 27.78% |
| Dec 31, 2025 | 29.54% |
| Sep 30, 2025 | 33.61% |
| Jun 30, 2025 | 52.63% |
| Mar 31, 2025 | 44.45% |
| Dec 31, 2024 | -69.22% |
| Sep 30, 2024 | 21.33% |
| Jun 30, 2024 | 24.91% |
| Mar 31, 2024 | 22.10% |
| Dec 31, 2023 | 34.26% |
| 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 | 46.89% |
| Sep 30, 2021 | 43.50% |
API Access
dLocal FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=DLO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "DLO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=DLO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();