dLocal (DLO) Return on Capital Employed (2021 - 2025)
dLocal (DLO) posted quarterly Return on Capital Employed of 43.21% for Q4 2025, up 1475.0% YoY from 2.74% in Q4 2024, and down 9.61% sequentially from 47.8% in Q3 2025.
dLocal (DLO) Return on Capital Employed (2021 - 2025) Analysis & Trends
dLocal has disclosed Return on Capital Employed across 5 years of filings, most recently posting 43.21% for Q4 2025.
- In Q4 2025, Return on Capital Employed rose 1475.0% year-over-year to 43.21%; the TTM figure through Dec 2025 stood at 43.21% (up 1475.0% YoY), while the FY2025 annual figure was 56.35%, up 2515.0% from the prior year.
- Return on Capital Employed fell to 43.21% in Q4 2025, from 47.8% in the prior quarter.
- Over the last five years, Return on Capital Employed for DLO reached as high as 47.8% in Q3 2025 and fell as low as 28.46% in Q4 2024.
- The 5-year median for Return on Capital Employed is 35.81% (2022), against an average of 36.45%.
- Annual changes were most pronounced in 2024 — Return on Capital Employed sank 1423 bps — and 2025, when it jumped 1840 bps.
- 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 tumbled by 33 bps to 28.46% in 2024, then surged by 52 bps to 43.21% in 2025.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 43.21%, 47.8%, and 39.79% for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 27.43% |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 9.73% |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 24.39% |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 8.75% |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | -4.62% |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 40.10% |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | -5.85% |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 1.98% |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 4.34% |
| 10 | dLocal | 4.27 Bn | 3.55 Bn | 115.80 Mn | 43.21% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |