dLocal (DLO) Operating Margin (2020 - 2026)

dLocal (DLO) has reported Operating Margin for 7 consecutive years, with 16.05% the latest figure, recorded in Q2 2026.

• On a quarterly basis, Operating Margin fell 569.0% year-over-year to 16.05% in Q2 2026; TTM through Jun 2026 was 17.35%, a 408.0% decrease from a year earlier, with the FY2025 full-year figure at 20.11%, up 128.0% from the prior year.
• Operating Margin was 16.05% for Q2 2026 at dLocal, up from 15.71% in the prior quarter.
• Over five years, Operating Margin peaked at 34.68% in Q2 2022 and troughed at 14.59% in Q1 2024.
• A 5-year average of 23.5% and a median of 21.78% in 2023 frame the typical range for Operating Margin.
• Across the five-year window, Operating Margin tumbled 1408 bps in 2024 and soared 656 bps in 2025, its largest moves.
• Over 5 years, Operating Margin stood at 22.38% in 2022, then fell by 3 bps to 21.81% in 2023, then decreased by 5 bps to 20.67% in 2024, then retreated by 10 bps to 18.56% in 2025, then decreased by 14 bps to 16.05% in 2026.
• The last three Operating Margin figures came in at 16.05% (Q2 2026), 15.71% (Q1 2026), and 18.56% (Q4 2025), per Business Quant data.