DLocal Limited (DLO) SEC Filings & Earnings Calls
EquiReason read 11 DLocal Limited SEC filings in the last 12 months. Latest: SC 13D/A on 2026-08-19 — General Atlantic sold 9.8M shares of DLocal, reducing its beneficial ownership to 21.4%..
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 4.4B
- P/E TTM
- 22.1
- Dividend yield
- 1.3%
- 52-week
- —
- Next earnings
- 12 Nov, in 19 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
13 Aug 20266-KdLocal Q2 2026: TPV $17.7B (+92% YoY, 7th consecutive 50%+ quarter), record gross profit $127M (+29%), operating profit $64M (+15%), net income $55M (+28%). Guidance raised: TPV 60-70% YoY, GP 25-30% YoY.open
Figures in the filing · each found in the filing text
| Total Payment Volume (TPV) · Q2-2026 | $17.70B | +92% y/y |
| Revenue · Q2-2026 | $400M | +56% y/y |
| Gross Profit · Q2-2026 | $127M | +29% y/y |
| Operating Profit · Q2-2026 | $64M | +15% y/y |
| Net Income · Q2-2026 | $55M | +28% y/y |
| Diluted EPS · Q2-2026 | $0.18 | +29% y/y |
| Adjusted Free Cash Flow · Q2-2026 | $69M | +41% y/y |
Guidance
TPV guidance raised to 60-70% YoY, gross profit to 25-30% YoY
dLocal raised TPV and gross profit guidance, reflecting strong demand momentum. Margin compression is acknowledged but operating leverage is expected to improve in H2 2026.
Risks flagged
Gross margin compression due to mix shift to local-to-local and large merchant pricing tiers.
“Gross profit margin was 32% in this quarter, compared to 39% in the second quarter of 2025. Gross profit over TPV decreased from 1.07% to 0.72%.” · word for word
Mexico segment pressure from large Tier 0 merchants hitting higher volume pricing tier and cost pressure.
“Mexico, with large Tier 0 merchants hitting higher volume pricing tier along with cost pressure.” · word for word
Africa and Asia lower contribution from higher FX spread markets (Mozambique and Vietnam) and one-off cost increase in Nigeria.
“Africa and Asia, with lower contribution from higher FX spread markets (Mozambique and Vietnam) and one-off cost increase in Nigeria.” · word for word
14 May 20266-KRevenue $336M (+55% y/y); Gross profit $119M (+40% y/y); Net income $42M (-10% y/y)open
Figures in the filing · each found in the filing text
| Revenue · Q1-2026 | $336M | +55% y/y |
| Gross profit · Q1-2026 | $119M | +40% y/y |
| Net income · Q1-2026 | $42M | -10% y/y |
| Basic earnings per share · Q1-2026 | $0.14 | -13% y/y |
| Diluted earnings per share · Q1-2026 | $0.14 | -7% y/y |
Risks flagged
Margin compression due to rising operating expenses.
“Technology and development expenses up 79% YoY; G&A up 75% YoY.”
20 Apr 20266-KNew York State Appellate Division unanimously affirmed dismissal of securities class action against dLocal, finding all claims lacked merit.open
Risks flagged
Litigation risk reduced; no financial liability from this case.
“Appellate Division held that all claims against the Company and the individual defendants lacked merit.” · word for word
18 Mar 202620-FdLocal reported strong annual results with revenue growth of 46.6% and TPV growth of 59.6%, with stable margins.earningsopen
Figures in the filing · each found in the filing text
| Total Payment Volume (TPV) · FY2025 | $40.80B | +60% y/y |
| Revenue · FY2025 | $1.09B | +47% y/y |
| Adjusted EBITDA Margin · FY2025 | 25.4% | |
| Number of countries · 2025-12-31 | 44 | |
| Number of merchants · 2025-12-31 | 760 | |
| Number of employees · 2025-12-31 | 1,274 | |
| Number of licenses/authorizations · 2025-12-31 | 37 | |
| Capital returned to shareholders · 2022-01-01 to 20 | $351M |
Risks flagged
Regulatory and FX control risk in emerging markets
“Exchange controls and other restrictions on the movement of capital out of certain jurisdictions... may have a material adverse effect on our results of operations and financial condition.” · word for word
Credit loss from third-party processor
“During the second half of 2025, based on further developments the portion classified as advances and other receivables in the amount of US$2.1 million was fully written off and recognized as other operating losses.” · word for word
Litigation risk (securities class actions)
“We are also the subject of a separate class action filed against us on October 6, 2023, that alleges misstatements and omissions in various public filings during the period of May 2, 2022, to May 25, 2023, relating to regulatory foreign exchange control risks in Argentina.” · word for word
18 Mar 20266-KdLocal reports record Q4 2025: TPV $13.1B (+70% YoY), revenue $338M (+65% YoY), net income $55.6M (+87% YoY); strong growth across metrics.open
Figures in the filing · each found in the filing text
| Total Payment Volume (TPV) · Q4-2025 | $13.10B | +70% y/y |
| Revenue · Q4-2025 | $338M | +65% y/y |
| Gross Profit · Q4-2025 | $116M | +38% y/y |
| Adjusted EBITDA · Q4-2025 | $78M | +38% y/y |
| Net Income · Q4-2025 | $56M | +87% y/y |
| Adjusted Free Cash Flow · Q4-2025 | $65M | +100% y/y |
| Gross Profit Margin · Q4-2025 | 34.0% | |
| Adjusted EBITDA Margin · Q4-2025 | 23.0% | |
| Diluted EPS · Q4-2025 | $0.18 | +80% y/y |
| Gross Profit over TPV · Q4-2025 | 0.9% |
Risks flagged
Gross margin compression due to scaling with established merchants and new payment methods
“Gross profit margin was 34% in this quarter, compared to 41% in the fourth quarter of 2024” · word for word
Argentina exposure to FX and rate volatility
“Argentina, given higher costs amid election-related FX and rate volatility” · word for word
23 Dec 20256-KdLocal completed transition to a majority independent Board with appointments of Paco Ybarra and Nelson Mattos as independent directors, strengthening governance and expertise in technology and financial markets.open
Risks flagged
Governance transition risk mitigated by appointment of experienced independent directors.
“Completion of transition to a Board with five independent directors reflects commitment to strong governance.”
DLocal Limited — questions
- What did DLocal Limited file recently?
- 11 SEC filings in the last 12 months. Latest: SC 13D/A on 2026-08-19 — General Atlantic sold 9.8M shares of DLocal, reducing its beneficial ownership to 21.4%.
Every figure on this page comes from DLocal Limited's own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.