dLocal (DLO) Tax Rate (2020 - 2025)

dLocal (DLO) posted quarterly Tax Rate of 13.81% for Q4 2025, up 1338.0% YoY from 0.96% in Q4 2024, and up 10.0% sequentially from 15.35% in Q3 2025.

dLocal (DLO) Tax Rate (2020 - 2025) Analysis & Trends

dLocal has disclosed Tax Rate across 6 years of filings, most recently posting 13.81% for Q4 2025.

  • In Q4 2025, Tax Rate rose 1338.0% year-over-year to 13.81%; the TTM figure through Dec 2025 stood at 13.89% (up 634.0% YoY), while the FY2025 annual figure was 13.89%, up 634.0% from the prior year.
  • Tax Rate advanced to 13.81% in Q4 2025, from 15.35% in the prior quarter.
  • Over the last five years, Tax Rate for DLO reached as high as 4.41% in Q1 2022 and fell as low as 28.65% in Q1 2024.
  • The 5-year median for Tax Rate is 12.86% (2022), against an average of 13.91%.
  • Annual changes were most pronounced in 2021 — Tax Rate slumped 5158 bps — and 2025, when it jumped 1852 bps.
  • A 5-year view of Tax Rate shows it stood at 8.24% in 2021, then tumbled by 105 bps to 16.89% in 2022, then dropped by 23 bps to 20.79% in 2023, then sank by 31 bps to 27.19% in 2024, then jumped by 49 bps to 13.81% in 2025.
  • According to Business Quant data, Tax Rate over the past three periods registered 13.81%, 15.35%, and 16.06% for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Microsoft 2,853.66 Bn 2,775.39 Bn 56.06 Bn 19.22%
2 Oracle 408.21 Bn 376.86 Bn 17.12 Bn 19.84%
3 Palantir Technologies 300.98 Bn 293.06 Bn 1.42 Bn 1.37%
4 Palo Alto Networks 247.84 Bn 243.30 Bn 1.91 Bn 21.31%
5 CrowdStrike Holdings 193.63 Bn 190.57 Bn 993.68 Mn -6.22%
6 Fortinet 117.45 Bn 114.16 Bn 1.49 Bn 18.58%
7 Cloudflare 86.88 Bn 85.93 Bn 455.60 Mn -7.01%
8 Synopsys 86.18 Bn 86.06 Bn 1.77 Bn 18.14%
9 Block 46.10 Bn 39.21 Bn 2.91 Bn 21.40%
10 dLocal 4.27 Bn 3.55 Bn 115.80 Mn -13.81%

Historic Data

Download Data
DateValue
Dec 31, 2025 -13.81%
Dec 31, 2025 -13.81%
Sep 30, 2025 -15.35%
Sep 30, 2025 -15.35%
Jun 30, 2025 -16.06%
Jun 30, 2025 -16.06%
Mar 31, 2025 -10.13%
Mar 31, 2025 -10.13%
Dec 31, 2024 -27.19%
Dec 31, 2024 -27.19%
Sep 30, 2024 -7.86%
Sep 30, 2024 -7.86%
Jun 30, 2024 -17.87%
Jun 30, 2024 -17.87%
Mar 31, 2024 -28.65%
Mar 31, 2024 -28.65%
Dec 31, 2023 -20.79%
Dec 31, 2023 -20.79%
Sep 30, 2023 -18.06%
Sep 30, 2023 -18.06%