dLocal reported a gross margin of 31.81% and a net margin of 13.67% for the quarter ended Jun 2026. These financial ratios cover 25 quarters of results from Jun 2020 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | |||||||||||||||||||||||||
| Gross Margin | 50.18% | 51.07% | 49.80% | 49.06% | 48.16% | 46.53% | 45.04% | 43.91% | 45.47% | 37.08% | 34.14% | 40.76% | 42.08% | 40.94% | 39.16% | 38.56% | 36.53% | 34.27% | 35.34% | 31.81% | |||||
| EBT Margin | 32.38% | 33.65% | 31.43% | 34.47% | 30.95% | 19.67% | 28.94% | 33.24% | 30.05% | 19.13% | 13.46% | 32.87% | 15.66% | 19.95% | 23.96% | 19.88% | 21.66% | 19.10% | 16.84% | 16.26% | |||||
| EBIT Margin | 31.42% | 32.21% | 33.26% | 34.68% | 33.28% | 22.38% | 28.67% | 29.64% | 31.44% | 21.81% | 14.59% | 17.63% | 22.14% | 20.67% | 21.15% | 21.74% | 19.68% | 18.56% | 15.71% | 16.05% | |||||
| EBITDA Margin | 37.88% | 32.21% | 37.57% | 34.68% | 33.28% | 22.38% | 33.13% | 29.64% | 31.44% | 21.81% | 19.93% | 24.92% | 22.14% | 27.83% | 26.69% | 27.34% | 19.68% | 23.21% | 15.71% | 16.05% | |||||
| Operating Margin | 31.42% | 32.21% | 33.26% | 34.68% | 33.28% | 22.38% | 28.67% | 29.64% | 31.44% | 21.81% | 14.59% | 17.63% | 22.14% | 20.67% | 21.15% | 21.74% | 19.68% | 18.56% | 15.71% | 16.05% | |||||
| Net Margin | 28.64% | 30.93% | 30.06% | 30.22% | 29.02% | 16.34% | 25.82% | 27.74% | 24.59% | 15.17% | 9.60% | 27.00% | 14.42% | 14.52% | 21,512.52% | 16.69% | 18.35% | 16.44% | 12,497.56% | 13.67% | |||||
| FCF Margin | 43.50% | 52.00% | 86.89% | 33.71% | 77.40% | -34.82% | 61.61% | 86.95% | 5.07% | 34.26% | 22.10% | 24.91% | 21.33% | -68.81% | 44.45% | 52.63% | 33.77% | 31.27% | 27.78% | 35.22% | |||||
| Efficiency | |||||||||||||||||||||||||
| Assets AverageAssets Avg. | 0.50B | 0.55B | 0.63B | 0.70B | 0.77B | 0.83B | 0.85B | 0.94B | 1.01B | 1.05B | 1.12B | 1.18B | 1.18B | 1.17B | 1.21B | 1.24B | 1.33B | 1.47B | 1.68B | 2.01B | |||||
| Invested CapitalInvested Cap. | 0.29B | 0.32B | 0.36B | 0.39B | 0.40B | 0.55B | 0.66B | 0.61B | |||||||||||||||||
| Asset Utilization RatioAsset Util. | 0.40 | 0.44 | 0.46 | 0.48 | 0.49 | 0.50 | 0.55 | 0.56 | 0.58 | 0.62 | 0.62 | 0.60 | 0.62 | 0.64 | 0.65 | 0.70 | 0.72 | 0.74 | 0.72 | 0.68 | |||||
| Leverage & Solvency | |||||||||||||||||||||||||
| Interest Coverage RatioInterest Cover | -78.43 | -744.42 | 22.39 | -6.65 | -4.01 | -3.01 | -7.03 | -4.18 | -1.20 | -0.72 | 1.50 | -25.12 | -2.36 | -3.22 | -8.72 | -3.74 | -13.78 | -17.11 | -9.43 | -23.27 | |||||
| Debt Ratio | 0.01 | 0.01 | 0.02 | 0.02 | 0.05 | 0.06 | 0.03 | ||||||||||||||||||
| Times Interest Earned | -78.43 | -744.42 | 22.39 | -6.65 | -4.01 | -3.01 | -7.03 | -4.18 | -1.20 | -0.72 | 1.50 | -25.12 | -2.36 | -3.22 | -8.72 | -3.74 | -13.78 | -17.11 | -9.43 | -23.27 | |||||
| Dividends & Payouts | |||||||||||||||||||||||||
| Dividend Coverage RatioDiv. Cover | -0.29 | ||||||||||||||||||||||||
| FCF Payout RatioFCF Cover | -1.11 | ||||||||||||||||||||||||
| Dividend YieldDiv. Yield | -4.63% | ||||||||||||||||||||||||
| Payout Ratio | -3.50 | ||||||||||||||||||||||||
| Valuation | |||||||||||||||||||||||||
| Price to EarningsP/E | 745.29 | 446.45 | 350.78 | 253.32 | 186.49 | 238.22 | 135.53 | 80.84 | 140.85 | 183.63 | 245.71 | 51.78 | 88.42 | 108.30 | 0.05 | 75.62 | 78.66 | 75.09 | 0.09 | 70.12 | |||||
| Price to SalesP/S | 213.48 | 138.08 | 105.46 | 76.54 | 54.12 | 38.94 | 34.99 | 22.42 | 34.64 | 27.85 | 23.59 | 13.98 | 12.75 | 15.72 | 10.98 | 12.62 | 14.43 | 12.34 | 11.39 | 9.59 | |||||
| Price to BookP/B | 57.49 | 37.57 | 29.74 | 22.57 | 16.03 | 11.54 | 11.95 | 9.29 | 13.18 | 11.50 | 9.13 | 5.41 | 5.18 | 6.57 | 4.37 | 5.94 | 8.08 | 7.32 | 6.91 | 7.09 | |||||
| Enterprise Value | 14.36B | 10.19B | 8.81B | 7.29B | 5.51B | 4.14B | 4.29B | 3.08B | 5.18B | 4.70B | 3.78B | 1.86B | 1.81B | 2.66B | 1.87B | 2.76B | 3.47B | 3.35B | 3.01B | 2.96B | |||||
| EV to EBIT | 665.85 | 414.94 | 302.95 | 207.74 | 148.02 | 156.29 | 108.89 | 64.39 | 100.51 | 114.58 | 140.39 | 61.68 | 43.93 | 62.93 | 40.77 | 49.49 | 62.45 | 53.44 | 56.99 | 46.09 | |||||
| EV to EBITDA | 552.37 | 414.94 | 268.18 | 207.74 | 148.02 | 156.29 | 94.23 | 64.39 | 100.51 | 114.58 | 102.72 | 43.63 | 43.93 | 46.74 | 32.30 | 39.36 | 62.45 | 42.74 | 56.99 | 46.09 | |||||
| Market Capitalization | 14.65B | 10.53B | 9.22B | 7.74B | 6.05B | 4.61B | 4.80B | 3.61B | 5.68B | 5.24B | 4.35B | 2.39B | 2.37B | 3.21B | 2.38B | 3.24B | 4.08B | 4.17B | 3.83B | 3.83B | |||||
| Price to FCFP/FCF | 490.78 | 265.52 | 121.37 | 227.04 | 69.93 | -111.82 | 56.79 | 25.79 | 683.79 | 81.28 | 106.76 | 56.13 | 59.76 | -22.85 | 24.71 | 23.98 | 42.74 | 39.47 | 41.00 | 27.22 | |||||
| EV to FCF | 480.97 | 257.04 | 115.95 | 213.72 | 63.65 | -100.44 | 50.67 | 21.95 | 623.76 | 72.93 | 92.67 | 43.66 | 45.60 | -18.91 | 19.40 | 20.45 | 36.39 | 31.72 | 32.23 | 21.01 | |||||
| EV to CFO | 487.81 | 259.07 | 116.08 | 216.86 | 63.86 | -100.13 | 50.70 | 22.05 | 649.50 | 72.91 | 94.49 | 44.11 | 45.66 | -18.85 | 19.59 | 20.53 | 36.48 | 31.91 | 32.42 | 21.04 | |||||
| Return Ratios | |||||||||||||||||||||||||
| Return on Sales [ROS]ROS | 31.42% | 32.21% | 33.26% | 34.68% | 33.28% | 22.38% | 28.67% | 29.64% | 31.44% | 21.81% | 14.59% | 17.63% | 22.14% | 20.67% | 21.15% | 21.74% | 19.68% | 18.56% | 15.71% | 16.05% | |||||
| Return on Capital Employed [ROCE]ROCE | 28.90% | 33.40% | 35.75% | 33.03% | 39.40% | 31.34% | 35.87% | 46.24% | 37.39% | 42.70% | 37.44% | 34.96% | 29.40% | 28.46% | 30.98% | 38.94% | 46.66% | 43.21% | 54.25% | 64.28% | |||||
| Return on Invested Capital [ROIC]ROIC | 32.97% | 34.99% | 35.59% | 34.75% | |||||||||||||||||||||
| Return on Assets [ROA]ROA | 15.64% | 16.95% | 15.74% | 16.89% | 16.82% | 15.59% | 17.35% | 18.15% | 19.02% | 19.88% | 16.22% | 15.79% | 13.43% | 14.29% | 17.14% | 16.08% | 18.02% | 17.66% | 16.30% | 14.46% |