Uruguayan payments platform dLocal delivered a striking set of fourth-quarter results on Wednesday, reporting an 87 percent jump in net profit. The company forecast that the total value of payments it processes would surge by 50 to 60 percent in 2026.
EARNINGS BEAT EXPECTATIONS
Net income for the quarter ended December 31 rose to $55.6 million, up from $29.7 million a year earlier, as total payment volume rose 70 percent to $13.1 billion. Revenue climbed 65 percent year-over-year to $337.9 million. Diluted earnings per share rose 80 percent to $0.18, and net profit beat the LSEG consensus estimate of $52.4 million.
"We believe we are only scratching the surface of the opportunity ahead," chief executive Pedro Arnt said in a statement.
BIG-NAME CLIENTS
DLocal's business model centers on enabling global merchants to accept and send payments in emerging markets. Its merchants include Amazon, Uber and Spotify.
The company connects global merchants with consumers across Asia-Pacific, the Middle East, Latin America and Africa, and reported broad-based fourth-quarter growth in its Other Africa & Asia segment, with a notable contribution from South Africa.
EMERGING-MARKET INVESTMENT
The Global Private Capital Association reported earlier this year that private capital investment in emerging and growth markets rose 33 percent to $150.3 billion in 2025, driven by private credit and infrastructure.
DLocal listed in New York in 2021 and has a market value of about $3.5 billion. The company also authorised a new buyback of up to $300 million of Class A shares. The board also declared a cash dividend of about $57.2 million, or roughly $0.194 per share, payable on 10 June 2026.