dLocal Posts Strong First Quarter 2026 Results, TPV Breaks $14 Billion

May 14, 2026 - 18:31

dLocal has reported its financial results for the first quarter of 2026, marking several new milestones for the cross-border payments company. Total Payment Volume surpassed US$14 billion for the first time, representing a 73% increase compared to the same period last year. This marks the sixth consecutive quarter where the company has achieved year-over-year growth of 50% or more.

The company posted a record gross profit of US$119 million, up 40% year-over-year. Operating profit reached US$57 million when excluding prior years tax adjustments, a 25% increase from the prior year. Net income stood at US$52 million excluding those same adjustments, rising 11% year-over-year.

Looking ahead, dLocal expects higher operating expenses stemming from carry-over costs from 2025. However, the company anticipates that operating leverage will improve in the second half of 2026. Adjusted Free Cash Flow came in at US$15 million, driven by temporary factors. The results underscore dLocal's continued expansion in emerging markets and its ability to process growing transaction volumes across its payment platform.