DLO DLocal (DLO) Q1 FY26 earnings call
DLocal delivered robust top-line growth in Q1 FY26, driven by strong TPV expansion across diverse markets and verticals, with gross profit reaching a new record. While reported profitability was affected by a one-off tax adjustment and higher operating expenses from prior investments, management expects operating leverage to improve in the second half of the year as investment cycles conclude. The company remains focused on strategic expansion into new geographies and verticals, leveraging its deep local infrastructure and product roadmap.
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DLO operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Payments volume | $13B+TPV surpassed $13 billion for the quarter, growing 70% year-on-year and 26% quarter-on-quarter.Source: earnings call transcript | $14.1BTPV reached $14.1 billion in Q1, up 73% year-on-year and 7% quarter-on-quarter, our sixth consecutive quarter above 50% growth, and that's a number we're very proud of.Source: earnings call transcript | $17.7BTPV reached $17.7 billion, accelerating to 92% year-over-year, the highest growth rate since the first quarter of 2022.Source: earnings call transcript | +25.5% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.