dLocal (DLO) Return on Capital Employed [ROCE] (2021 - 2026)
dLocal (DLO) recorded Return on Capital Employed [ROCE] of 12.10% in Q2 2026, down 26.84 percentage points from 38.94% a year earlier and down 42.15 percentage points from the prior quarter.
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Analysis
dLocal (DLO) Return on Capital Employed [ROCE] (2021 - 2026) Analysis & Trends
For FY2025, dLocal reported Return on Capital Employed [ROCE] of 17.33%, up 4.29 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has a four-year change of -72.49 percentage points (FY2021 to FY2025).
- Across earlier years, Return on Capital Employed [ROCE] came in at 13.04% in FY2024 (-41.38 pp), 54.42% in FY2023 (+9.12 pp), 45.30% in FY2022 (-44.52 pp) and 89.82% in FY2021.
- The Q2 2026 figure is the lowest quarterly Return on Capital Employed [ROCE] in data going back to Q3 2021.
- On a year-over-year basis, Return on Capital Employed [ROCE] rose in four of the last eight quarters, with an average year-over-year change of -2.95 percentage points.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 23.28 percentage points in Q1 2026, against a drop of 30.16 percentage points in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 54.25% (Q1 2026), 15.84% (Q4 2025) and 46.66% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 49.93 Bn | 6.74 Bn | - | 3.03% |
| 2 | PayPal Holdings | 45.74 Bn | 3.96 Bn | - | 17.89% |
| 3 | Block | 44.49 Bn | 15.75 Bn | 3.17 Bn | 4.02% |
| 4 | Iren | 30.93 Bn | 18.53 Bn | 103.89 Mn | -11.25% |
| 5 | Corpay | 25.61 Bn | 15.81 Bn | - | 20.94% |
| 6 | Fiserv | 24.13 Bn | 20.83 Bn | 2.90 Bn | 8.26% |
| 7 | Global Payments | 21.34 Bn | -222.16 Mn | 2.03 Bn | 2.55% |
| 8 | Bitmine Immersion Technologies | 15.51 Bn | 12.89 Bn | 40.81 Mn | -82.57% |
| 9 | Guidewire Software | 12.73 Bn | 9.30 Bn | 269.68 Mn | 7.92% |
| 10 | dLocal | 4.05 Bn | 743.45 Mn | 127.15 Mn | 12.10% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.10% |
| Mar 31, 2026 | 54.25% |
| Dec 31, 2025 | 15.84% |
| Sep 30, 2025 | 46.66% |
| Jun 30, 2025 | 38.94% |
| Mar 31, 2025 | 30.98% |
| Dec 31, 2024 | 12.54% |
| 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% |
API Access
dLocal Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=DLO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "DLO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=DLO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();