DLocal (DLO) Q4 FY25 earnings call

Earnings call· Dec 2025 (Q4 FY25)· Industrials· Mar 18, 2026

Source: earnings call transcript

DLocal delivered a record Q4 FY25, driven by accelerating TPV and revenue growth across emerging markets, particularly in Brazil, Mexico, and South Africa. The company demonstrated strong cash generation and operating leverage, leading to significant net income growth. Management outlined a clear strategy for 2026, focusing on continued TPV growth, product innovation, and increased capital returns to shareholders through a new share repurchase program and consistent dividend policy.

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DLO operating KPIs by quarter

DLO operating KPIs stated on its earnings calls, by fiscal quarter
KPI	This call Dec 2025 Q4 FY25	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	$14.1B TPV 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	$17.7B TPV 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.

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