dLocal (DLO) Operating Expenses (2020 - 2026)
dLocal's (DLO) quarterly Operating Expenses came in at -$46.4 million in Q2 2026, down 57.85% year-over-year from -$110.0 million in Q2 2025, and up 11.11% quarter-over-quarter from -$52.1 million in Q1 2026.
Analysis
dLocal (DLO) Operating Expenses (2020 - 2026) Analysis & Trends
dLocal (DLO) has reported Operating Expenses for 7 consecutive years, with -$46.4 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses fell 57.85% year-over-year to -$46.4 million in Q2 2026; TTM through Jun 2026 was -$181.0 million, a 48.46% decrease from a year earlier, with the FY2025 full-year figure at -$140.5 million, down 18.96% from the prior year.
- Operating Expenses was -$46.4 million for Q2 2026 at dLocal, up from -$52.1 million in the prior quarter.
- Over five years, Operating Expenses peaked at -$12.2 million in Q2 2022 and troughed at -$52.1 million in Q1 2026.
- A 5-year average of -$28.3 million and a median of -$28.3 million in 2024 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses gained 13.7% in 2022 and tumbled 68.01% in 2026, its largest moves.
- Over 5 years, Operating Expenses stood at -$21.4 million in 2022, then slipped by 18.67% to -$25.4 million in 2023, then retreated by 26.21% to -$32.0 million in 2024, then sank by 44.24% to -$46.1 million in 2025, then declined by 0.44% to -$46.4 million in 2026.
- The last three Operating Expenses figures came in at -$46.4 million (Q2 2026), -$52.1 million (Q1 2026), and -$46.1 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 47.96 Bn | 41.53 Bn | 3.17 Bn | 2.72 Bn |
| 2 | PayPal Holdings | 46.69 Bn | 35.44 Bn | - | 7.26 Bn |
| 3 | Fiserv | 26.99 Bn | 26.36 Bn | 3.59 Bn | 4.28 Bn |
| 4 | Corpay | 26.69 Bn | 19.68 Bn | 1.19 Bn | 260.40 Mn |
| 5 | Global Payments | 24.17 Bn | 18.76 Bn | 2.03 Bn | 2.98 Bn |
| 6 | Wex | 6.49 Bn | 384.52 Mn | 463.80 Mn | 233.50 Mn |
| 7 | Aci Worldwide | 5.27 Bn | 5.10 Bn | 181.57 Mn | 385.77 Mn |
| 8 | Paymentus Holdings | 4.46 Bn | 4.08 Bn | 94.31 Mn | 61.69 Mn |
| 9 | dLocal | 4.35 Bn | 3.47 Bn | 127.15 Mn | -46.35 Mn |
| 10 | Sezzle | 4.00 Bn | 3.91 Bn | - | 94.72 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -46.35 Mn |
| Mar 31, 2026 | -52.14 Mn |
| Dec 31, 2025 | -46.15 Mn |
| Sep 30, 2025 | -36.36 Mn |
| Jun 30, 2025 | -29.37 Mn |
| Mar 31, 2025 | -31.04 Mn |
| Dec 31, 2024 | -32.00 Mn |
| Sep 30, 2024 | -29.53 Mn |
| Jun 30, 2024 | -30.03 Mn |
| Mar 31, 2024 | -27.14 Mn |
| Dec 31, 2023 | -25.35 Mn |
| Sep 30, 2023 | -21.83 Mn |
| Jun 30, 2023 | -20.37 Mn |
| Mar 31, 2023 | -20.14 Mn |
| Dec 31, 2022 | -21.36 Mn |
| Sep 30, 2022 | -14.96 Mn |
| Jun 30, 2022 | -12.22 Mn |
| Mar 31, 2022 | -13.14 Mn |
| Dec 31, 2021 | -13.05 Mn |
| Sep 30, 2021 | -11.92 Mn |