DLocal's Q3 revenue rose 41% year over year to $398 million, below the $412.02 million analyst estimate, while gross profit increased 28% to a record $132 million. The company maintained its 2026 guidance and repurchased 9.1 million shares under its $300 million buyback program.
DLocal reported Q3 revenue of $398 million, up 41% year over year but below the $412.02 million consensus estimate. Gross profit rose 28% to a record $132 million, with a gross margin of 33%.
The company said strong payment volume growth across Africa and Asia, one-off cost recovery in Nigeria and foreign-exchange hedge gains supported performance. Negative margin effects from payment method mix shifts in Brazil, higher processing costs in Mexico and increased local-to-local flows in some Latin American markets weighed on results. Operating expenses declined sequentially due to lower third-party spending, reduced headcount and automation initiatives.
DLocal maintained its 2026 total payment volume growth guidance of 60% to 70% and gross profit growth guidance of 25% to 30%. It expects operating profit growth of 27.5% to 32.5% in 2026 and said it repurchased 9.1 million shares under its $300 million buyback program.
