dLocal (DLO) Return on Capital Employed (2021 - 2025)

dLocal (DLO) reported Return on Capital Employed of 43.21% for Q4 2025, up 1475.0% year-over-year from 2.74% in Q4 2024, and down 9.61% quarter-over-quarter from 47.8% in Q3 2025.

dLocal (DLO) Return on Capital Employed (2021 - 2025) Analysis & Trends

dLocal (DLO) has 5 years of Return on Capital Employed data on file, last reported at 43.21% in Q4 2025.

  • Return on Capital Employed for Q4 2025 came in at 43.21%, up 1475.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 43.21% (up 1475.0% YoY), and the FY2025 annual result was 56.35%, up 2515.0% from the prior year.
  • Return on Capital Employed eased to 43.21% in Q4 2025 per DLO's latest filing, from 47.8% in the prior quarter.
  • Over five years, Return on Capital Employed peaked at 47.8% in Q3 2025 and troughed at 28.46% in Q4 2024.
  • A 5-year average of 36.45% and a median of 35.81% in 2022 frame the typical range for Return on Capital Employed.
  • The sharpest annual moves came in 2024 and 2025: Return on Capital Employed tumbled 1423 bps in 2024, then jumped 1840 bps in 2025.
  • A 5-year view of Return on Capital Employed shows it stood at 33.4% in 2021, then slipped by 6 bps to 31.34% in 2022, then surged by 36 bps to 42.7% in 2023, then sank by 33 bps to 28.46% in 2024, then surged by 52 bps to 43.21% in 2025.
  • Business Quant data shows DLO's Return on Capital Employed at 43.21% in Q4 2025, 47.8% in Q3 2025, and 39.79% in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Microsoft 2,998.30 Bn 2,920.03 Bn 56.06 Bn 27.43%
2 Alarum Technologies 1,040.72 Bn 1,026.57 Bn 7.23 Mn 0.01%
3 Oracle 590.32 Bn 551.74 Bn 15.14 Bn 10.62%
4 Palantir Technologies 316.31 Bn 308.39 Bn 1.42 Bn 24.39%
5 Palo Alto Networks 181.17 Bn 176.63 Bn 1.91 Bn 8.75%
6 CrowdStrike Holdings 161.69 Bn 158.63 Bn 993.68 Mn -4.62%
7 Fortinet 102.35 Bn 99.06 Bn 1.49 Bn 40.10%
8 Synopsys 88.25 Bn 88.13 Bn 1.77 Bn 1.98%
9 Cloudflare 83.26 Bn 82.32 Bn 455.60 Mn -5.85%
10 dLocal 3.47 Bn 2.75 Bn 115.80 Mn 43.21%

Historic Data

Download Data
DateValue
Dec 31, 2025 43.21%
Sep 30, 2025 47.80%
Jun 30, 2025 39.79%
Mar 31, 2025 30.98%
Dec 31, 2024 28.46%
Sep 30, 2024 29.40%
Jun 30, 2024 34.96%
Mar 31, 2024 37.44%
Dec 31, 2023 42.70%
Sep 30, 2023 37.39%
Jun 30, 2023 46.24%
Mar 31, 2023 35.87%
Dec 31, 2022 31.34%
Sep 30, 2022 39.40%
Jun 30, 2022 33.03%
Mar 31, 2022 35.75%
Dec 31, 2021 33.40%
Sep 30, 2021 28.90%