dLocal (DLO) Return on Invested Capital [ROIC] (2022 - 2026)
dLocal (DLO) recorded Return on Invested Capital [ROIC] of 42.91% in Q2 2026, up 9.09 percentage points from 33.82% a year earlier and up 2.58 percentage points from the prior quarter.
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Analysis
dLocal (DLO) Return on Invested Capital [ROIC] (2022 - 2026) Analysis & Trends
For FY2025, dLocal reported Return on Invested Capital [ROIC] of 41.25%, up 11.71 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has a three-year change of +3.94 percentage points (FY2022 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 29.54% in FY2024 (-12.43 pp), 41.96% in FY2023 (+4.66 pp) and 37.31% in FY2022.
- The Q2 2026 figure is the highest quarterly Return on Invested Capital [ROIC] in data going back to Q1 2022.
- On a year-over-year basis, Return on Invested Capital [ROIC] has increased for five consecutive quarters, with an average year-over-year change of +1.61 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 11.42 percentage points in Q4 2025, against a drop of 11.08 percentage points in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 40.33% (Q1 2026), 40.79% (Q4 2025) and 37.81% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 48.27 Bn | 5.08 Bn | - | 2.41% |
| 2 | PayPal Holdings | 45.51 Bn | 3.74 Bn | - | 15.87% |
| 3 | Block | 44.67 Bn | 15.93 Bn | 3.17 Bn | 2.04% |
| 4 | Iren | 31.78 Bn | 19.37 Bn | 103.89 Mn | - |
| 5 | Corpay | 25.91 Bn | 16.11 Bn | - | 12.44% |
| 6 | Fiserv | 23.59 Bn | 20.29 Bn | 2.90 Bn | 7.03% |
| 7 | Global Payments | 20.83 Bn | -735.18 Mn | 2.03 Bn | 2.37% |
| 8 | Bitmine Immersion Technologies | 15.23 Bn | 12.61 Bn | 40.81 Mn | - |
| 9 | Guidewire Software | 12.47 Bn | 9.03 Bn | 269.68 Mn | 6.58% |
| 10 | dLocal | 4.05 Bn | 746.40 Mn | 127.15 Mn | 42.91% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 42.91% |
| Mar 31, 2026 | 40.33% |
| Dec 31, 2025 | 40.79% |
| Sep 30, 2025 | 37.81% |
| Jun 30, 2025 | 33.82% |
| Mar 31, 2025 | 30.62% |
| Dec 31, 2024 | 29.37% |
| Sep 30, 2024 | 30.78% |
| Jun 30, 2024 | 32.50% |
| Mar 31, 2024 | 35.81% |
| Dec 31, 2023 | 40.45% |
| Sep 30, 2023 | 40.18% |
| Jun 30, 2023 | 38.02% |
| Mar 31, 2023 | 34.37% |
| Dec 31, 2022 | 32.25% |
| Sep 30, 2022 | 33.55% |
| Jun 30, 2022 | 32.73% |
| Mar 31, 2022 | 31.29% |
API Access
dLocal Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=DLO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=DLO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();