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Lets global merchants accept local payment methods and get paid in emerging markets across Latin America, Africa and Asia.
Lets global merchants accept local payment methods and get paid in emerging markets across Latin America, Africa and Asia.
Takes a small cut of each payment it processes for global merchants in emerging markets, so payment volume and the mix of countries and merchants drive revenue; a small number of very large clients account for a big share. Payouts to local sellers and contractors use the same network. The company is based in Uruguay.
Moat: narrow (regulatory licence, installed base, scale). Local banking licenses and payment-rail integrations across dozens of emerging markets are slow to replicate.
Headquarters: Montevideo, Uruguay · Founded: 2016 · Employees: 1,274
Size DLocal (DLO) is a United States Information Technology company (Packaged Software) with a market value of $3.94B, the 1356th largest of 3,117 United States companies the cockpit tracks. Shares closed at $13.95 on 6 Nov 2026.
Performance Over six months the shares gained 1.8%, against +3.4% for the median peer and -1.1% for the United States market (cap-weighted) — 10th lowest of 20 in its peer set.
Growth Revenue grew 57.0% over the last twelve months (peer median +23.5%); the operating margin is 17.7% (peer median 5.7%).
Valuation It trades at 14.4× forward earnings against a peer median of 27.8× (3rd cheapest of 17).
Price implies For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is +60%, so the hurdle is -58 pp: the price already allows for a slowdown.
Short interest Short interest is 10.5% of the free float (15 Oct 2026).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.36B | $1.09B | $746M | $650M | $419M |
| Revenue growth | — | +47% | +15% | +55% | — |
| Gross profit | $460M | $402M | $280M | $256M | $214M |
| EBITDA | $271M | $255M | $151M | $176M | $154M |
| Net income | $204M | $197M | $120M | $149M | $109M |
| Free cash flow | $451M | $422M | -$9.95M | $336M | $167M |
| Capital expenditure | $41.3M | $36.8M | $22.6M | $18.2M | $12.4M |
| Total debt | $67.4M | $90.3M | $54.5M | $3.96M | $4.08M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| DLocal DLO | $3.94B | +2% | +57% | 18% | 14.4× | 2.4% |
| Adyen ADYEN.AS | $32.0B | 0% | +17% | 42% | 23.7× | 18.9% |
| PayPal PYPL | $49.2B | +31% | +5% | 19% | 10.1× | n/a |
| Payoneer Global PAYO | $2.42B | +39% | +6% | 12% | 33.9× | n/a |
| Paysafe PSFE | $349M | -28% | +5% | 6% | 3.2× | n/a |
| Global Payments GPN | $25.8B | +41% | +7% | 21% | 6.3× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DLO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.0% | +5.4% | 5th lowest of 21 |
| 6-month return | +1.8% | +3.4% | 10th lowest of 20 |
| Distance from 52-week high | -13.6% | -40.8% | 6th highest of 21 |
| Revenue growth (TTM) | +57.0% | +23.5% | 2nd highest of 21 |
| Operating margin | 17.7% | 5.7% | 5th highest of 20 |
| Forward P/E | 14.4× | 27.8× | 3rd cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | 2.4% | 20.8% | 4th least demanding of 14 |
| Growth delivered (Del g) | +60.0% | +19.0% | highest of 14 |
| Hurdle (Req g minus delivered) | -57.7 pp | -4.6 pp | least demanding of 14 |
| EV / EBITDA | 11.5× | 23.5× | 3rd cheapest of 10 |
| Net debt / EBITDA | -3.1× | 0.0× | 4th least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| DLocal DLO | United States | $3.94B | +2% | +57% | 18% | 14.4× | 2.4% | +60.0% |
| Magnite MGNI | United States | $3.93B | +94% | +8% | 16% | 20.9× | 31.9% | +26.4% |
| Kinaxis KXS.TO | Canada | $4.01B | +35% | +16% | 18% | 30.9× | 12.9% | +20.6% |
| Life360 LIF | United States | $3.86B | +8% | +34% | 1% | 33.9× | n/a | n/a |
| Momenta Global 6880.HK | Hong Kong | $4.02B | n/a | +82% | -32% | n/a | n/a | n/a |
| First Advantage FA | United States | $4.04B | +47% | +33% | 11% | 17.4× | 20.8% | +25.3% |
| Thunder Software Technology 300496.SZ | China | $3.83B | -13% | +40% | 6% | 40.0× | n/a | n/a |
| Core Scientific CORZ | United States | $3.78B | -49% | +26% | -31% | n/a | n/a | n/a |
| Geovis Technology 688568.SS | China | $3.78B | -45% | -64% | -70% | n/a | n/a | n/a |
| G-Bits Network Technology (Xiamen) 603444.SS | China | $3.77B | -14% | +35% | 40% | 12.5× | -0.9% | +17.7% |
| Talkweb Information System 002261.SZ | China | $4.11B | -39% | +9% | 1% | n/a | n/a | n/a |
| Koei Tecmo 3635.T | Japan | $3.74B | +15% | +19% | 43% | 15.1× | -5.7% | +7.9% |
| Kingdee International Software 0268.HK | Hong Kong | $4.16B | +3% | +17% | 2% | 65.4× | 45.4% | +15.0% |
| Glory View Technology 301396.SZ | China | $3.72B | -49% | +53% | n/a | 25.3× | n/a | n/a |
| monday.com MNDY | United States | $3.72B | +22% | +24% | 3% | 14.2× | 23.6% | +50.2% |
| Appian APPN | United States | $3.70B | +135% | +21% | 4% | 41.6× | 42.9% | +19.0% |
| OPENLANE OPLN | United States | $4.22B | -9% | +13% | 17% | 20.7× | 11.1% | -2.4% |
| China National Software & Service 600536.SS | China | $4.22B | -20% | -16% | 0% | 131.0× | 49.7% | -7.3% |
| Sportradar SRAD | United States | $4.22B | +4% | +25% | 13% | 30.2× | 11.3% | +25.8% |
| Sega Sammy 6460.T | Japan | $4.28B | +46% | +24% | 10% | 17.8× | -2.3% | +11.9% |
| HUB24 HUB.AX | Australia | $4.39B | -4% | +23% | 29% | 42.6× | 35.6% | +35.7% |