Last 21 quarters of trend data · Technology · Software - Infrastructure
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
DLocal Limited's quarterly P/E stands at 21.0x, down 5.1% year-over-year. EV/EBITDA has expanded 48.4% YoY to 15.0x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 31.38 | 21.00 | 20.25 | 13.90 | 28.15 | 22.12 | 13.48 | 61.25 | 46.50 | 34.23 | 20.35 | 33.79 | 59.52 |
| — | -5.1% | +50.2% | -77.3% | -39.5% | -35.4% | -33.7% | +81.3% | -21.9% | -33.3% | -69.7% | -63.7% | -49.8% | |
| P/S Ratio | 2.72 | 3.85 | 3.38 | 2.99 | 4.06 | 3.19 | 3.64 | 6.18 | 6.96 | 8.47 | 5.48 | 8.68 | 9.73 |
| — | +20.8% | -7.2% | -51.6% | -41.6% | -62.3% | -33.5% | -28.8% | -28.5% | -41.1% | -73.0% | -69.0% | -73.4% | |
| P/B Ratio | 7.64 | 8.63 | 7.74 | 4.76 | 6.79 | 5.19 | 5.64 | 9.56 | 11.49 | 12.88 | 9.08 | 11.85 | 11.53 |
| — | +66.3% | +37.2% | -50.3% | -40.9% | -59.7% | -37.9% | -19.3% | -0.4% | -24.3% | -62.1% | -62.5% | -71.1% | |
| P/FCF | — | 11.46 | 7.47 | 7.37 | — | 17.36 | 26.52 | 33.36 | 23.06 | 422.18 | 6.36 | 14.77 | — |
| — | -34.0% | -71.8% | -77.9% | — | -95.9% | +317.1% | +125.9% | — | +2160.2% | -90.4% | -55.8% | — | |
| EV / EBITDA | 10.50 | 15.04 | 12.21 | 10.46 | 15.20 | 10.13 | 14.37 | 32.47 | 30.06 | 23.11 | 14.52 | 25.14 | 35.41 |
| — | +48.4% | -15.0% | -67.8% | -49.4% | -56.2% | -1.1% | +29.1% | -15.1% | -40.6% | -73.0% | -67.5% | -67.5% | |
| EV / EBIT | 11.79 | 15.33 | 11.36 | 9.35 | 156.48 | 9.84 | 8.55 | 23.31 | 30.56 | 13.65 | 11.32 | 23.23 | 134.72 |
| — | +55.8% | +32.8% | -59.9% | +412.1% | -27.9% | -24.4% | +0.4% | -77.3% | -60.9% | -77.2% | -72.0% | +20.9% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
DLocal Limited's operating margin was 19.7% in Q3 2025, down 2.1 pp QoQ and down 2.5 pp YoY. The trailing four-quarter average of 20.8% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 13.2% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 39.5% | 36.5% | 38.6% | 39.2% | 40.9% | 42.1% | 40.8% | 34.1% | 37.1% | 45.5% | 43.9% | 45.0% | 46.5% |
| — | -13.2% | -5.4% | +14.7% | +10.4% | -7.5% | -7.2% | -24.2% | -20.3% | -5.6% | -10.5% | -9.6% | -8.9% | |
| Operating Margin | 18.8% | 19.7% | 21.7% | 21.2% | 20.7% | 22.1% | 17.6% | 14.6% | 21.8% | 31.4% | 29.6% | 28.7% | 22.4% |
| — | -11.1% | +23.3% | +45.0% | -5.2% | -29.6% | -40.5% | -49.1% | -2.5% | -5.5% | -14.5% | -13.8% | -30.5% | |
| Net Margin | 16.1% | 18.3% | 16.7% | 21.5% | 14.5% | 14.4% | 27.0% | 9.6% | 15.2% | 24.6% | 27.7% | 25.8% | 16.3% |
| — | +27.3% | -38.2% | +124.1% | -4.3% | -41.4% | -2.7% | -62.8% | -7.2% | -15.3% | -8.2% | -14.1% | -47.2% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 25.5% | 10.9% | 8.6% | 9.0% | 6.3% | 6.0% | 10.1% | 3.8% | 6.4% | 9.8% | 11.3% | 8.8% | 5.0% |
| — | +82.7% | -14.3% | +137.3% | -2.5% | -39.4% | -11.0% | -57.0% | +29.2% | +9.2% | +20.8% | -0.7% | -43.5% | |
| ROA | 10.7% | 3.9% | 3.5% | 3.9% | 2.5% | 2.3% | 3.9% | 1.6% | 2.7% | 4.0% | 4.8% | 4.2% | 2.3% |
| — | +74.1% | -11.6% | +144.5% | -7.0% | -43.4% | -17.3% | -62.2% | +17.0% | -4.8% | +8.6% | +0.7% | -45.7% | |
| ROIC | 59.4% | — | 124.8% | 32.7% | 177.9% | — | — | 27.9% | 41.5% | — | — | — | — |
| — | — | — | +17.2% | +328.8% | — | — | — | — | — | — | — | — |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
DLocal Limited's Debt/EBITDA ratio is 0.1x, down from 0.1x last quarter — comfortably within a safe range. The current ratio has weakened 5.3% YoY to 1.46x, tightening the short-term liquidity position. Debt/Equity has declined for 4 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.11 | 0.01 | 0.01 | 0.11 | 0.11 | 0.05 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| — | -83.9% | -1.0% | +1217.3% | +1180.9% | +375.8% | -13.8% | -18.5% | -14.8% | -80.8% | -81.2% | -69.0% | -68.0% | |
| Debt / EBITDA | 0.34 | 0.06 | 0.06 | 1.14 | 1.12 | 0.46 | 0.11 | 0.13 | 0.09 | 0.08 | 0.08 | 0.10 | 0.14 |
| — | -87.1% | -44.0% | +805.2% | +1082.3% | +508.1% | +45.0% | +31.7% | -32.6% | -84.1% | -84.4% | -70.4% | -60.4% | |
| Current Ratio | 1.58 | 1.46 | 1.46 | 1.65 | 1.58 | 1.54 | 1.50 | 1.61 | 1.63 | 1.66 | 1.54 | 1.75 | 1.82 |
| — | -5.3% | -2.3% | +2.3% | -2.6% | -7.6% | -3.1% | -7.8% | -10.6% | -3.0% | -14.3% | +3.0% | +2.5% | |
| Quick Ratio | 1.58 | 1.46 | 1.46 | 1.65 | 1.58 | 1.54 | 1.50 | 1.61 | 1.63 | 1.66 | 1.54 | 1.75 | 1.82 |
| — | -5.3% | -2.3% | +2.3% | -2.6% | -7.6% | -3.1% | -7.8% | -10.6% | -3.0% | -14.3% | +3.0% | +2.5% | |
| Interest Coverage | 2.83 | 13.78 | 3.74 | 8.72 | 3.22 | 2.36 | 25.12 | 1.50 | — | 1.20 | 4.18 | 7.03 | 3.01 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 21 years · Updated daily
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Start ComparisonDLocal Limited's current P/E is 31.4x. The average P/E over the last 4 quarters is 20.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
DLocal Limited's current operating margin is 18.8%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking DLocal Limited's business trajectory between earnings reports.