dLocal (DLO) Research & Development (2020 - 2026)
dLocal's (DLO) quarterly Research & Development came in at -$9.9 million in Q2 2026, down 104.3% year-over-year from $230.3 million in Q2 2025, and little changed quarter-over-quarter from -$9.9 million in Q1 2026.
Analysis
dLocal (DLO) Research & Development (2020 - 2026) Analysis & Trends
dLocal (DLO) has reported Research & Development for 7 consecutive years, with -$9.9 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Research & Development fell 104.3% year-over-year to -$9.9 million in Q2 2026; TTM through Jun 2026 was -$34.3 million, a 40.15% decrease from a year earlier, with the FY2025 full-year figure at -$26.5 million, down 22.34% from the prior year.
- Research & Development was -$9.9 million for Q2 2026 at dLocal, roughly flat from -$9.9 million in the prior quarter.
- Over five years, Research & Development peaked at -$2.8 million in Q1 2022 and troughed at -$9.9 million in Q1 2026.
- A 5-year average of -$5.5 million and a median of -$4.8 million in 2023 frame the typical range for Research & Development.
- Across the five-year window, Research & Development slumped 177.55% in 2022 and climbed 4.65% in 2024, its largest moves.
- Over 5 years, Research & Development stood at -$3.9 million in 2022, then slipped by 21.05% to -$4.7 million in 2023, then decreased by 18.85% to -$5.6 million in 2024, then dropped by 13.27% to -$6.3 million in 2025, then plunged by 56.0% to -$9.9 million in 2026.
- The last three Research & Development figures came in at -$9.9 million (Q2 2026), -$9.9 million (Q1 2026), and -$6.3 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 48.06 Bn | 41.64 Bn | 3.17 Bn | 664.96 Mn |
| 2 | PayPal Holdings | 46.74 Bn | 35.48 Bn | - | 849.00 Mn |
| 3 | Fiserv | 27.09 Bn | 26.46 Bn | 3.59 Bn | - |
| 4 | Corpay | 26.73 Bn | 19.72 Bn | 1.19 Bn | - |
| 5 | Global Payments | 24.17 Bn | 18.77 Bn | 2.03 Bn | - |
| 6 | Wex | 6.50 Bn | 398.06 Mn | 463.80 Mn | 112.70 Mn |
| 7 | Aci Worldwide | 5.28 Bn | 5.11 Bn | 181.57 Mn | 47.90 Mn |
| 8 | Paymentus Holdings | 4.47 Bn | 4.09 Bn | 94.31 Mn | 33.05 Mn |
| 9 | dLocal | 4.37 Bn | 3.50 Bn | 127.15 Mn | -9.89 Mn |
| 10 | Sezzle | 4.00 Bn | 3.92 Bn | - | 4.91 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -9.89 Mn |
| Mar 31, 2026 | -9.92 Mn |
| Dec 31, 2025 | -6.34 Mn |
| Sep 30, 2025 | -8.14 Mn |
| Jun 30, 2025 | -4.84 Mn |
| Mar 31, 2025 | -7.14 Mn |
| Dec 31, 2024 | -5.60 Mn |
| Sep 30, 2024 | -6.89 Mn |
| Jun 30, 2024 | -4.51 Mn |
| Mar 31, 2024 | -4.63 Mn |
| Dec 31, 2023 | -4.71 Mn |
| Sep 30, 2023 | -4.45 Mn |
| Jun 30, 2023 | -3.11 Mn |
| Mar 31, 2023 | -4.86 Mn |
| Dec 31, 2022 | -3.89 Mn |
| Sep 30, 2022 | -3.47 Mn |
| Jun 30, 2022 | -3.13 Mn |
| Mar 31, 2022 | -2.84 Mn |
| Dec 31, 2021 | -2.49 Mn |
| Sep 30, 2021 | -1.26 Mn |