dLocal (DLO) Return on Capital Employed (2021 - 2026)
dLocal (DLO) posted quarterly Return on Capital Employed of 43.21% for Q4 2025, up 1475.0% year-over-year from 2.74% in Q4 2024, and down 7.4% quarter-over-quarter from 46.66% in Q3 2025.
dLocal (DLO) Return on Capital Employed (2021 - 2026) Analysis & Trends
dLocal (DLO) has reported Return on Capital Employed for 5 consecutive years, with 43.21% the latest figure, recorded in 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 retreated to 43.21% in Q4 2025 per DLO's latest filing, from 46.66% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 46.66% in Q3 2025 and bottomed at 28.46% in Q4 2024.
- Historically, Return on Capital Employed has averaged 36.34% across 5 years, with a median of 35.81% in 2022.
- Annual changes were most pronounced in 2024 — Return on Capital Employed tumbled 1423 bps — and 2025, when it surged 1726 bps.
- dLocal's Return on Capital Employed stood at 33.4% in 2021, then dropped by 6 bps to 31.34% in 2022, then soared by 36 bps to 42.7% in 2023, then slumped by 33 bps to 28.46% in 2024, then soared by 52 bps to 43.21% in 2025.
- Business Quant data shows DLO's Return on Capital Employed at 43.21% in Q4 2025, 46.66% in Q3 2025, and 38.94% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 27.85% |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 28.02% |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 9.73% |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 3.83% |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 44.16% |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | -9.60% |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 1.98% |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | -0.51% |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 4.02% |
| 10 | dLocal | 3.92 Bn | 3.05 Bn | 127.15 Mn | 106.58% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 106.58% |
| Dec 31, 2025 | 43.21% |
| Sep 30, 2025 | 46.66% |
| Jun 30, 2025 | 38.94% |
| 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% |