dLocal (DLO) Net Margin (2020 - 2026)
dLocal (DLO) recorded Net Margin of 13.67% in Q2 2026, down 3.02 percentage points from 16.69% a year earlier but up 1.17 percentage points from the prior quarter.
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Analysis
dLocal (DLO) Net Margin (2020 - 2026) Analysis & Trends
On a TTM basis, dLocal's Net Margin came in at 15.04% as of Jun 30, 2026, down 1.85 percentage points year-over-year; for FY2025, it was 18.00%, up 1.85 percentage points from FY2024.
- Annual Net Margin has a five-year change of -9.07 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at 16.14% in FY2024 (-6.76 pp), 22.91% in FY2023 (-3.04 pp), 25.94% in FY2022 (-5.96 pp) and 31.90% in FY2021 (+4.84 pp).
- Quarterly Net Margin has ranged from 9.60% in Q1 2024 to 30.93% in Q4 2021 over the past five years.
- On a year-over-year basis, Net Margin rose in three of the last eight quarters, with an average year-over-year change of -1.93 percentage points.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 11.91 percentage points in Q1 2025, against a drop of 16.22 percentage points in Q1 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 12.50% (Q1 2026), 16.44% (Q4 2025) and 18.35% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 49.49 Bn | 7.72 Bn | - | 12.72% |
| 2 | Block | 46.34 Bn | 17.64 Bn | 3.17 Bn | 1.34% |
| 3 | Coinbase Global | 44.39 Bn | 1.20 Bn | - | -29.46% |
| 4 | Corpay | 26.40 Bn | 16.28 Bn | - | 18.55% |
| 5 | Fiserv | 25.40 Bn | 22.08 Bn | 2.90 Bn | 11.85% |
| 6 | Global Payments | 22.86 Bn | 652.84 Mn | 2.03 Bn | 0.39% |
| 7 | Guidewire Software | 14.45 Bn | 11.02 Bn | 269.68 Mn | 7.64% |
| 8 | Bitmine Immersion Technologies | 11.93 Bn | 9.31 Bn | 40.81 Mn | -179.60% |
| 9 | Chime Financial | 11.25 Bn | 7.04 Bn | 594.87 Mn | 4.16% |
| 10 | dLocal | 4.28 Bn | 976.83 Mn | 127.15 Mn | 13.67% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.67% |
| Mar 31, 2026 | 12.50% |
| Dec 31, 2025 | 16.44% |
| Sep 30, 2025 | 18.35% |
| Jun 30, 2025 | 16.69% |
| Mar 31, 2025 | 21.51% |
| Dec 31, 2024 | 14.52% |
| Sep 30, 2024 | 14.42% |
| Jun 30, 2024 | 27.00% |
| Mar 31, 2024 | 9.60% |
| Dec 31, 2023 | 15.17% |
| Sep 30, 2023 | 24.59% |
| Jun 30, 2023 | 27.74% |
| Mar 31, 2023 | 25.82% |
| Dec 31, 2022 | 16.34% |
| Sep 30, 2022 | 29.02% |
| Jun 30, 2022 | 30.22% |
| Mar 31, 2022 | 30.06% |
| Dec 31, 2021 | 30.93% |
| Sep 30, 2021 | 28.64% |
API Access
dLocal Net 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=net-margin&ticker=DLO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=DLO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();