dLocal annual operating expenses
2019
2020
2021
2022
2023
2024
2025
dLocal Operating Expenses Growth & History (DLO)
dLocal's operating expenses was $182.8M for fiscal 2025.
View full dLocal company overviewdLocal annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $182.8M | $28.7M | +18.59% |
| 2024 | 2024-12-31 | $154.2M | $57.0M | +58.61% |
| 2023 | 2023-12-31 | $97.2M | $22.9M | +30.90% |
| 2022 | 2022-12-31 | $74.3M | $27.7M | +59.33% |
| 2021 | 2021-12-31 | $46.6M | $17.5M | +59.97% |
| 2020 | 2020-12-31 | $29.1M | $10.8M | +59.09% |
| 2019 | 2019-12-31 | $18.3M | — | — |
dLocal quarterly operating expenses
Q3.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $61.6M | $19.9M | +47.61% |
| Q1 2026 | 2026-03-31 | $65.1M | $26.5M | +68.53% |
| Q4 2025 | 2025-12-31 | $52.7M | — | — |
| Q3 2025 | 2025-09-30 | $47.6M | $10.6M | +28.50% |
| Q2 2025 | 2025-06-30 | $41.7M | — | — |
| Q1 2025 | 2025-03-31 | $38.6M | — | — |
| Q3 2024 | 2024-09-30 | $37.0M | — | — |
dLocal operating expenses trends
Over the last five fiscal years, dLocal's operating expenses increased from $29.1M to $182.8M, a change of $153.7M. The latest reported quarter, Q2 2026, shows $61.6M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review dLocal source filings ↗