Saturday 17 October 2026 Export DLO’s income statement to Excel — free account

DLocal Limited

DLocal Limited’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, up 46.6% from fiscal 2024. In the quarter to June 2026, revenue grew 55.8%, EPS grew 26.7%, free cash flow grew 12.6% and total debt fell 39.7%, each against the same quarter a year earlier. Revenue growth for five consecutive years; insiders bought in the last twelve months.

14.67 0.43 −2.85%

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Market cap: $4.3B
P/E: 21.0×
Fwd P/E: 14.1×
Dividend yield: 1.34%
F-score: 6/9
Altman Z: 4.56
Beneish M: −2.91
Dividend safety: 57/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.24

Total sells 16.23

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	1	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	2	1	—	—

Insider Ownership 71.09%

Capital & Financial Ratios $m

Market Cap 4,260.00

Revenue 1,355.90

Net Income 247.26

Free Cash Flow 388.40

Net Debt (872.53)

Current Ratio 1.25

Debt/Equity 0.00

P/E ratio 20.96

Fwd P/E 14.10

P/S ratio 3.12

P/B ratio 7.82

Past 5Y EPS Growth 45.70%

This Y EPS Growth 7.75%

Next Y EPS Growth 32.12%

Next Y revenue growth 45.85%

Next 5Y EPS Growth 20.25%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 23.07%

10-year low 10-year high

P/S against its own 10 years 7.14%

10-year low 10-year high

P/B against its own 10 years 35.48%

10-year low 10-year high

EV/Sales against its own 10 years 13.97%

10-year low 10-year high

EV/FCF against its own 10 years 13.19%

10-year low 10-year high

Dividends

Payout Ratio 0.29

Annual Dividend Rate 0.20

Annual Dividend Yield 1.34%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.20	0.20
2025	0.41	0.51

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	639	554	819	874
Receivables	363	497	572	1,149
Inventory	—	—	—	—
Other	14	22	30	25
	1,016	1,073	1,421	2,049

	2023	2024	2025	Q'26
Payables	602	598	854	1,555
ST’ Debt	—	50	—	—
Other	1	57	89	67
	625	678	966	1,643

Compound Annual Growth %

	10y	5y	3y
Sales	—	60.05%	37.69%
Cash Flow	—	36.25%	39.07%
Earnings	—	47.50%	21.89%
Book Value	—	66.09%	12.53%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	336	400	—	—	—
’25	217	256	282	338	1,094
’24	184	171	186	204	746
’23	137	161	164	188	650
’22	87	101	112	118	419
’21	40	59	69	76	244
’20	18	—	31	—	104

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	93	141	—	—	—
’25	95	124	95	100	415
’24	40	29	40	(141)	(33)
’23	85	140	8	61	293
’22	76	34	86	(41)	154
’21	3	—	69	39	108
’20	0	—	51	38	88

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	83	131	—	—	—
’25	88	116	86	89	379
’24	34	24	34	(147)	(55)
’23	81	135	3	57	275
’22	73	31	83	(45)	142
’21	2	—	24	37	60
’20	(1)	—	48	37	85

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.14	0.18	—	—	—
’25	0.15	0.14	0.17	0.18	0.65
’24	0.06	0.15	0.09	0.10	0.39
’23	0.11	0.15	0.13	0.10	0.49
’22	0.08	0.10	0.10	0.06	0.35
’21	0.06	0.06	0.06	0.08	0.25
’20	0.98	—	0.03	—	0.10

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	29.57	9.03	9.04	6.58	7.61	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	73.43	36.88	24.22	18.76	16.78
People
People	Employees	—	—	—	—	310	535	726	901	1,095	1,274
	Revenue/emp, $m	—	—	—	0.00	0.34	0.46	0.58	0.72	0.68	0.86
Income, $m
Income, $m	Revenue	—	—	—	55	104	244	419	650	746	1,094
	Gross margin, %	—	—	—	64.89	57.69	53.43	48.26	42.57	39.50	36.83
	EBT	—	—	—	18	31	86	120	179	151	229
	EBT margin, %	—	—	—	32.24	30.17	35.02	28.71	27.45	20.24	20.91
	Net income	—	0	—	18	31	86	120	179	151	229
	Depreciation	—	—	—	0	1	4	8	12	17	26
Per share, $
Per share, $	Revenue	—	—	—	103.77	0.39	0.85	1.42	2.23	2.57	3.76
	Earnings	—	—	—	29.28	0.10	0.27	0.37	0.51	0.42	0.68
	Cash flow	—	—	—	57.66	0.33	0.38	0.52	1.01	(0.11)	1.43
	Capex	—	—	—	(3.20)	(0.01)	(0.17)	(0.04)	(0.06)	(0.08)	(0.13)
	Free cash flow	—	—	—	54.46	0.32	0.21	0.48	0.94	(0.19)	1.30
	Book value	—	—	—	46.04	0.17	0.98	1.35	1.56	1.69	1.96
	Shares, m	—	—	—	1	269	287	296	292	290	291
Valuation, ×
Valuation, ×	P/E	—	—	—	44.37	44.37	131.02	41.54	34.02	26.81	20.79
	P/S	—	—	—	0.00	0.00	41.98	10.85	7.79	4.38	3.76
	P/B	—	—	—	80.50	80.50	36.56	11.37	11.13	6.68	7.23
	EV/Sales	—	—	—	0.00	0.00	40.63	9.74	6.81	3.71	3.07
	EV/FCF	—	—	—	94.07	94.07	102.38	28.70	16.10	(49.87)	8.88
Cash, $m
Cash, $m	Operating cash flow	—	—	—	31	88	108	154	293	(33)	415
	Capex	—	—	—	(2)	(4)	(48)	(12)	(18)	(23)	(37)
	Free cash flow	—	—	—	29	85	60	142	275	(55)	379
Balance, $m
Balance, $m	Working capital	—	—	—	22	40	231	346	391	395	455
	Total debt	—	—	—	0	0	8	3	3	53	2
	Net debt	—	—	—	(50)	(120)	(329)	(466)	(636)	(501)	(817)
	Shareholders’ equity	—	—	—	25	45	280	400	455	489	569
Returns, %
Returns, %	ROA	—	—	—	39.20	20.13	19.88	15.42	15.59	10.68	14.51
	ROIC	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	ROE	—	—	—	44.85	81.02	47.87	31.97	34.86	25.51	37.19

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
ACIW ACI Worldwide, Inc.	$5.3B	24.0×	17.0×	+7.27% (above 0%: growing)	+158.33% (above 0%: growing)	+35.07% (above 0%: growing)	42.18%	10.37%	Compare
RELY Remitly Global, Inc.	$5.2B	16.7×	28.8×	+20.23% (above 0%: growing)	+3,166.67% (above 0%: growing)	+197.33% (above 0%: growing)	62.07%	13.47%	Compare
BB BlackBerry Limited	$5.1B	59.9×	67.1×	+26.00% (above 0%: growing)	+200.00% (above 0%: growing)	+1,470.59% (above 0%: growing)	77.83%	20.58%	Compare
BLSH Bullish	$4.8B	— (loss-making)	— (loss-making)	−44.34% (below 0%: shrinking)	n/m	+2.25% (above 0%: growing)	0.25%	(0.87%)	Compare
CORZ Core Scientific, Inc.	$4.6B	— (loss-making)	— (loss-making)	+108.83% (above 0%: growing)	n/m	−852.12% (below 0%: shrinking)	42.66%	(47.79%)	Compare
TENB Tenable Holdings, Inc.	$4.3B	701×	245×	+8.58% (above 0%: growing)	n/m	+4.67% (above 0%: growing)	77.53%	4.61%	Compare
DLO DLocal Limited	$4.3B	21.0×	14.1×	+55.84% (above 0%: growing)	+26.67% (above 0%: growing)	+12.57% (above 0%: growing)	31.81%	16.05%
PAY Paymentus Holdings, Inc.	$4.1B	47.1×	31.9×	+28.80% (above 0%: growing)	+66.67% (above 0%: growing)	+73.67% (above 0%: growing)	26.14%	9.04%	Compare
WIX Wix.com Ltd.	$3.4B	— (loss-making)	— (loss-making)	+14.93% (above 0%: growing)	n/m	−64.35% (below 0%: shrinking)	65.77%	(10.44%)	Compare
Median of peers	$4.7B	47.1×	31.9×	+17.58%	+179.17%	+19.87%	52.37%	6.83%

All 173 Software Infrastructure stocks →

DLocal Limited (DLO) key facts

Strength: DLocal Limited’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, up 46.6% from fiscal 2024.
Strength: Net income was $228.7 million, or $0.68 per share (basic), a net margin of 18.0%.
DLocal Limited (DLO) is a Software Infrastructure company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, DLO traded at $14.67, a market capitalization of $4.3 billion.
At that price the stock trades at 21.0× trailing-twelve-month earnings and 3.1× sales; its P/E is higher than 23% of its own readings over the past ten years.
DLocal Limited pays an annual dividend of $0.20 per share, a yield of 1.34%, with a payout ratio of 29.4%.
Return on equity was 37.2% and debt-to-equity 0.00.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 4.56 (safe zone) for fiscal 2025.