dLocal (DLO) Invested Capital (2021 - 2026)
dLocal's Invested Capital was $542.45 million in Q2 2026, down 1.0% from $547.76 million a year earlier and down 2.1% from the prior quarter.
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Analysis
dLocal (DLO) Invested Capital (2021 - 2026) Analysis & Trends
For FY2025, Invested Capital at dLocal came in at $571 million, up 15.3% from FY2024.
- Invested Capital has now increased for four consecutive years, with a four-year compound annual growth rate of 18.9% (FY2021 to FY2025).
- In earlier years, Invested Capital was $495.21 million in FY2024 (+8.6%), $456.09 million in FY2023 (+14.0%), $400.16 million in FY2022 (+40.1%) and $285.54 million in FY2021.
- Quarterly Invested Capital has moved between $285.54 million (Q4 2021) and $571 million (Q4 2025) over five years.
- Compared with a year earlier, Invested Capital was higher in seven of the last eight quarters, with growth averaging 9.9%.
- The best year-over-year quarter for Invested Capital over five years was Q4 2022 (growth of 40.1%); the worst was Q2 2026 (a decline of 1.0%).
- Per Business Quant data, DLO's Invested Capital in the three quarters before Q2 2026 was $553.9 million (Q1 2026), $571 million (Q4 2025) and $507.22 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 49.17 Bn | 5.98 Bn | - | 19.56 Bn |
| 2 | PayPal Holdings | 45.28 Bn | 3.51 Bn | - | 33.22 Bn |
| 3 | Block | 44.18 Bn | 15.44 Bn | 3.17 Bn | 28.34 Bn |
| 4 | Iren | 31.11 Bn | 18.70 Bn | 103.89 Mn | 11.78 Bn |
| 5 | Corpay | 25.52 Bn | 15.72 Bn | - | 11.99 Bn |
| 6 | Fiserv | 24.03 Bn | 20.73 Bn | 2.90 Bn | 54.81 Bn |
| 7 | Global Payments | 21.72 Bn | 155.29 Mn | 2.03 Bn | 46.39 Bn |
| 8 | Bitmine Immersion Technologies | 15.32 Bn | 12.70 Bn | 40.81 Mn | - |
| 9 | Guidewire Software | 11.69 Bn | 8.26 Bn | 269.68 Mn | 1.87 Bn |
| 10 | dLocal | 4.06 Bn | 752.30 Mn | 127.15 Mn | 542.45 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 542.45 Mn |
| Mar 31, 2026 | 553.90 Mn |
| Dec 31, 2025 | 571.00 Mn |
| Sep 30, 2025 | 507.22 Mn |
| Jun 30, 2025 | 547.76 Mn |
| Mar 31, 2025 | 546.30 Mn |
| Dec 31, 2024 | 495.21 Mn |
| Sep 30, 2024 | 461.59 Mn |
| Jun 30, 2024 | 443.22 Mn |
| Mar 31, 2024 | 477.63 Mn |
| Dec 31, 2023 | 456.09 Mn |
| Sep 30, 2023 | 432.24 Mn |
| Jun 30, 2023 | 389.84 Mn |
| Mar 31, 2023 | 403.84 Mn |
| Dec 31, 2022 | 400.16 Mn |
| Sep 30, 2022 | 392.97 Mn |
| Jun 30, 2022 | 357.93 Mn |
| Mar 31, 2022 | 316.21 Mn |
| Dec 31, 2021 | 285.54 Mn |
API Access
dLocal Invested Capital 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=invested-capital&ticker=DLO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=DLO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();