DLocal reported 70% YoY growth in total payment volume, reaching $13.1B in Q4 2025, driven by expansion in emerging markets.
DLocal Limited posted a record total payment volume (TPV) of $13.1B in Q4 2025, up 70% year-over-year and 26% quarter-over-quarter. The company’s full-year TPV reached $40.8B, reflecting a 60% YoY increase and an 82% CAGR since 2020.
Revenue climbed 65% YoY to $337.9M, surpassing the $1B annual milestone, while gross profit rose to $115.8M. Growth was fueled by strong performance in pay-ins, payouts, and cross-border flows, particularly in Brazil, Mexico, and South Africa.
Shares traded at $11.49 as of June 8, with trailing and forward P/E ratios of 18.39 and 13.53, respectively. The company’s net take rate stood at 0.88%, down from prior periods but offset by volume expansion.