dLocal (DLO) FCF Margin (2020 - 2025)
dLocal (DLO) posted quarterly FCF Margin of 31.27% for Q4 2025, up 10007.0% YoY from N/an in Q4 2024, and down 7.41% sequentially from 33.77% in Q3 2025.
dLocal (DLO) FCF Margin (2020 - 2025) Analysis & Trends
dLocal has disclosed FCF Margin across 6 years of filings, most recently posting 31.27% for Q4 2025.
- In Q4 2025, FCF Margin rose 10007.0% year-over-year to 31.27%; the TTM figure through Dec 2025 stood at 39.54% (up 4191.0% YoY), while the FY2025 annual figure was 40.67%, up 4484.0% from the prior year.
- FCF Margin fell to 31.27% in Q4 2025, from 33.77% in the prior quarter.
- Over the last five years, FCF Margin for DLO reached as high as 86.95% in Q2 2023 and fell as low as 68.81% in Q4 2024.
- The 5-year median for FCF Margin is 34.02% (2023), against an average of 34.42%.
- Annual changes were most pronounced in 2024 — FCF Margin slumped 10307 bps — and 2025, when it jumped 10007 bps.
- A 5-year view of FCF Margin shows it stood at 59.77% in 2021, then slumped by 158 bps to 34.82% in 2022, then soared by 198 bps to 34.26% in 2023, then slumped by 301 bps to 68.81% in 2024, then surged by 145 bps to 31.27% in 2025.
- According to Business Quant data, FCF Margin over the past three periods registered 31.27%, 33.77%, and 52.63% for Q4 2025, Q3 2025, and Q2 2025 respectively.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 19.07% |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 72.18% |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 54.62% |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 14.80% |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 30.29% |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 55.21% |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 14.55% |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 34.10% |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 15.44% |
| 10 | dLocal | 4.27 Bn | 3.55 Bn | 115.80 Mn | 31.27% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 31.27% |
| Sep 30, 2025 | 33.77% |
| Jun 30, 2025 | 52.63% |
| Mar 31, 2025 | 44.45% |
| Dec 31, 2024 | -68.81% |
| 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 | 59.77% |
| Sep 30, 2021 | 43.50% |
| Jun 30, 2021 | 62.90% |
| Mar 31, 2021 | 9.51% |