dLocal annual operating margin
2019
2020
2021
2022
2023
2024
2025
dLocal Operating Margin Growth & History (DLO)
dLocal's operating margin was 20.11% for fiscal 2025.
View full dLocal company overviewdLocal annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 20.11% | +1.28 pp |
| 2024 | 2024-12-31 | 18.83% | −8.79 pp |
| 2023 | 2023-12-31 | 27.62% | −2.91 pp |
| 2022 | 2022-12-31 | 30.53% | −3.81 pp |
| 2021 | 2021-12-31 | 34.34% | +4.63 pp |
| 2020 | 2020-12-31 | 29.71% | −2.05 pp |
| 2019 | 2019-12-31 | 31.77% | — |
dLocal quarterly operating margin
Q3.24
Q3.25
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q3 2025 | 2025-09-30 | 19.68% | — |
| Q3 2024 | 2024-09-30 | 22.14% | — |
dLocal operating margin trends
Over the last five reported fiscal years, dLocal's operating margin decreased from 29.71% to 20.11%, a change of −9.60 percentage points. The latest reported quarter, Q3 2025, shows 19.68%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review dLocal filings at SEC.gov ↗