DLocal Reports Strong Q3 2026 Growth with $18.3 Billion Total Payment Volume
DLocal (DLO) delivered robust third-quarter 2026 results, characterized by a 77% year-over-year increase in Total Payment Volume (TPV), reaching $18.3 billion. The company's revenue grew 41% to $398 million, fueled largely by expansion within its existing merchant base and high net revenue retention of 140%. Operating leverage improved significantly, with the operating profit to gross profit ratio hitting its highest level since late 2023. Despite the strong performance, management issued a cautionary note regarding the fourth quarter. CEO Pedro Arnt highlighted anticipated foreign exchange headwinds in key markets including Brazil, Mexico, and Argentina, which could impact gross profit growth by approximately six percentage points. Additionally, softer performance in certain high take-rate markets across Africa and Asia was noted as a potential headwind for upcoming periods.
Tickers: $DLO
Topics: net income operating profit revenue growth total payment volume