dLocal (DLO) Gross Margin (2020 - 2026)

dLocal (DLO) has reported Gross Margin for 7 consecutive years, with 31.81% the latest figure, recorded in Q2 2026.

• On a quarterly basis, Gross Margin fell 674.0% year-over-year to 31.81% in Q2 2026; TTM through Jun 2026 was 34.28%, a 575.0% decrease from a year earlier, with the FY2025 full-year figure at 36.83%, down 267.0% from the prior year.
• Gross Margin was 31.81% for Q2 2026 at dLocal, down from 35.34% in the prior quarter.
• Over five years, Gross Margin peaked at 49.8% in Q1 2022 and troughed at 31.81% in Q2 2026.
• A 5-year average of 41.04% and a median of 40.85% in 2024 frame the typical range for Gross Margin.
• Across the five-year window, Gross Margin tumbled 1090 bps in 2024 and soared 501 bps in 2025, its largest moves.
• Over 5 years, Gross Margin stood at 46.53% in 2022, then retreated by 20 bps to 37.08% in 2023, then rose by 10 bps to 40.94% in 2024, then slipped by 16 bps to 34.27% in 2025, then declined by 7 bps to 31.81% in 2026.
• The last three Gross Margin figures came in at 31.81% (Q2 2026), 35.34% (Q1 2026), and 34.27% (Q4 2025), per Business Quant data.