DLocal Limited: Mixed — EPS $0.23, Revenue $398.05M
Mixed ResultQ3 2026 · After-market
Did DLocal Limited (DLO) beat earnings today?
It was a mixed report for Q3 2026 — DLocal Limited (DLO) beat on EPS but missed on revenue.
Earnings Per Share+4.55% surprise
$0.23Actual
Expected: $0.22
vs. year ago +33.3%
Total Revenue-2.54% surprise
$398.05MActual
Expected: $408.44M
vs. year ago +41.0%
Released Nov 12 · 4:09 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | US$398.0 million | US$282.5 million | +41.0% |
| Net Income | US$68.0 million | US$51.8 million | +31.0% |
| Basic EPS | US$0.24 | US$0.18 | +33.3% |
| Diluted EPS | US$0.23 | US$0.17 | +35.3% |
Financial Outlook / Guidance
| Metric | FY26 Outlook |
|---|---|
| Guidance | |
| TPV | 60% - 70% YoY |
| Gross Profit | 25% - 30% YoY |
| Operating profit | 27.5% - 32.5% YoY |
FY26 Outlook
- TPV
- Guidance60% - 70% YoY
- Gross Profit
- Guidance25% - 30% YoY
- Operating profit
- Guidance27.5% - 32.5% YoY
Business Highlights
- ➤Reached its 8th consecutive quarter of TPV growth above 50% year-over-year.
- ➤Recorded a fourth consecutive quarter of TPV growth at or above 70%.
- ➤Net revenue retention reached 140%, reflecting strength with the existing merchant base.
- ➤Repurchased approximately 9.1 million Class A shares through the end of Q3.
- ➤Had US$179.9 million remaining under its US$300 million repurchase program.
- ➤Signed a US$150 million loan in August.
- ➤Continued automation efforts and disciplined cost management.
- ➤Reported lower headcount and lower third-party spend sequentially.
- ➤dLocal connects global enterprises to emerging-market consumers in more than 60 countries.
- ➤Offers payments, payouts and global settlement through the One dLocal platform.
Management Commentary
Pedro Arnt, CEO of dLocal
“We delivered another quarter of consistent execution, supported by deepening merchant relationships, improving operating leverage and solid cash generation. TPV reached $18.3 billion, up 77% year-over-year, marking our 8th consecutive quarter above 50% growth, and our 4th consecutive at or above 70%. Net revenue retention was 140%, reflecting the continued strength of our business with the existing merchant base. Gross profit grew 28% year-over-year to $132 million, while operating profit increased 37% to $76 million. The strong operating leverage we expected in the second half of the year is materializing.”