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
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%