TLDR:
- DLocal’s Q3 2025: 59% TPV growth, 52% revenue surge, 93% net income rise!
- DLocal hits record TPV in Q3 2025, driving stock up 2.34%.
- Strong Q3 results: DLocal reports 52% revenue growth, 93% jump in net income.
- DLocal Q3: Record TPV, 93% net income boost, and strong growth outlook.
- DLocal sees Q3 stock boost, with 59% TPV rise and 52% revenue growth.
DLocal Limited (DLO) saw a 2.34% increase in its stock price, closing at $14.86.
The boost comes after the company reported impressive financial results for the third quarter of 2025. The tech-driven payments platform announced record-setting figures for Total Payment Volume (TPV) and gross profit, reinforcing its strong growth trajectory.
Record TPV and Revenue Growth Drive Positive Performance
DLocal achieved a record TPV of $10.4 billion in Q3 2025, a 59% increase from the same period last year. This represents a 13% quarter-over-quarter rise from $9.2 billion in Q2 2025. The surge in TPV was supported by a diverse set of markets, with substantial contributions from Colombia, Bolivia, and Nigeria.
Revenues for the quarter reached $282.5 million, marking a 52% year-over-year growth. The revenue increased by 10% compared to Q2 2025. This positive revenue growth is attributed to higher transaction volumes, reflecting the expanding reach of DLocal’s payment platform.
Strong Profit Margins and Operating Results Highlight Growth
DLocal’s gross profit for the third quarter totaled $103.2 million, a 32% increase from Q3 2024. The gross profit margin stood at 37%, down from 42% last year, due to shifting payment mixes and regional challenges. The company cited a stronger performance in Brazil, alongside growth across other frontier markets, as key drivers for profitability.
Operating profit was $55.6 million, showing a 35% improvement over the same quarter in 2024. The company continued to invest in its operations, resulting in a 28% rise in operating expenses. However, DLocal maintained operational efficiency, posting an Adjusted EBITDA of $71.7 million, up 37% year-over-year, and a margin of 25%.
DLocal’s Net Income Surges 93%, Solid Cash Position Enhances Outlook
DLocal’s net income for Q3 2025 stood at $51.8 million, or $0.17 per diluted share. This marks a remarkable 93% increase compared to Q3 2024. The significant rise in net income was driven by lower finance costs, particularly after the reduction of exposure to Argentine peso-denominated bonds.
Cash and cash equivalents reached $604.5 million by the end of the quarter, with $333.1 million classified as corporate cash. This marks an increase from $273.4 million a year earlier. The company’s solid liquidity position enhances its ability to support future growth and manage regulatory challenges across its global markets.


