Growth Metrics

dLocal (DLO) Operating Margin (2020 - 2025)

Historic Operating Margin for dLocal (DLO) over the last 6 years, with Q3 2025 value amounting to 19.68%.

  • dLocal's Operating Margin fell 24600.0% to 19.68% in Q3 2025 from the same period last year, while for Sep 2025 it was 20.77%, marking a year-over-year increase of 16900.0%. This contributed to the annual value of 18.83% for FY2024, which is 87900.0% down from last year.
  • Latest data reveals that dLocal reported Operating Margin of 19.68% as of Q3 2025, which was down 24600.0% from 21.74% recorded in Q2 2025.
  • Over the past 5 years, dLocal's Operating Margin peaked at 46.66% during Q1 2021, and registered a low of 14.59% during Q1 2024.
  • Moreover, its 5-year median value for Operating Margin was 28.67% (2023), whereas its average is 27.11%.
  • Its Operating Margin has fluctuated over the past 5 years, first crashed by -140800bps in 2024, then surged by 65600bps in 2025.
  • Quarter analysis of 5 years shows dLocal's Operating Margin stood at 32.21% in 2021, then crashed by -31bps to 22.38% in 2022, then decreased by -3bps to 21.81% in 2023, then dropped by -5bps to 20.67% in 2024, then fell by -5bps to 19.68% in 2025.
  • Its last three reported values are 19.68% in Q3 2025, 21.74% for Q2 2025, and 21.15% during Q1 2025.