Last 24 quarters of trend data · Technology · Software - Infrastructure
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 20.72 | 18.06 | 23.16 | 18.61 | 21.00 | 20.25 | 13.90 | 28.15 | 22.12 | 13.48 | 61.25 | 46.50 | 34.23 | 20.35 | 33.79 | 59.52 | 51.30 | 67.17 | 93.15 | 118.65 | 227.33 |
| — | -10.8% | +66.6% | -33.9% | -5.1% | +50.2% | -77.3% | -39.5% | -35.4% | -33.7% | +81.3% | -21.9% | -33.3% | -69.7% | -63.7% | -49.8% | -77.4% | -69.3% | — | — | — | |
| P/S Ratio | 3.73 | 2.41 | 2.89 | 3.09 | 3.85 | 3.38 | 2.99 | 4.06 | 3.19 | 3.64 | 6.18 | 6.96 | 8.47 | 5.48 | 8.68 | 9.73 | 14.36 | 20.30 | 27.99 | 36.64 | 62.23 |
| — | -28.8% | -3.2% | -24.0% | +20.8% | -7.2% | -51.6% | -41.6% | -62.3% | -33.5% | -28.8% | -28.5% | -41.1% | -73.0% | -69.0% | -73.4% | -76.9% | -70.5% | — | — | — | |
| P/B Ratio | 7.19 | 7.12 | 7.03 | 7.32 | 8.63 | 7.74 | 4.76 | 6.79 | 5.19 | 5.64 | 9.56 | 11.49 | 12.88 | 9.08 | 11.85 | 11.53 | 17.01 | 23.94 | 31.57 | 39.88 | 67.04 |
| — | -8.0% | +47.8% | +7.9% | +66.3% | +37.2% | -50.3% | -40.9% | -59.7% | -37.9% | -19.3% | -0.4% | -24.3% | -62.1% | -62.5% | -71.1% | -74.6% | -65.6% | — | — | — | |
| P/FCF | 9.66 | 6.85 | 11.71 | 9.88 | 11.46 | 7.47 | 7.37 | — | 17.36 | 26.52 | 33.36 | 23.06 | 422.18 | 6.36 | 14.77 | — | 18.68 | 66.46 | 33.38 | 76.47 | 147.20 |
| — | -8.3% | +58.8% | — | -34.0% | -71.8% | -77.9% | — | -95.9% | +317.1% | +125.9% | — | +2160.2% | -90.4% | -55.8% | — | -87.3% | — | — | — | — | |
| EV / EBITDA | 15.06 | 10.81 | 12.55 | 13.36 | 15.04 | 11.94 | 10.12 | 16.42 | 10.13 | 14.37 | 32.47 | 30.06 | 23.11 | 14.52 | 25.14 | 35.41 | 38.92 | 53.89 | 77.48 | 108.90 | 184.15 |
| — | -9.4% | +24.0% | -18.6% | +48.4% | -16.9% | -68.8% | -45.4% | -56.2% | -1.1% | +29.1% | -15.1% | -40.6% | -73.0% | -67.5% | -67.5% | -78.9% | -72.6% | — | — | — | |
| EV / EBIT | 16.84 | 12.15 | 12.37 | 23.61 | 14.39 | 11.36 | 9.11 | 169.01 | 9.84 | 8.55 | 23.31 | 14.34 | 13.65 | 11.32 | 23.23 | 134.72 | 34.87 | 49.59 | 82.93 | 111.42 | 187.81 |
| — | +7.0% | +35.8% | -86.0% | +46.2% | +32.8% | -60.9% | +1078.3% | -27.9% | -24.4% | +0.4% | -89.4% | -60.9% | -77.2% | -72.0% | +20.9% | -81.4% | -76.3% | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.8% | 31.8% | 35.3% | 34.3% | 36.5% | 38.6% | 39.2% | 40.9% | 42.1% | 40.8% | 34.1% | 37.1% | 45.5% | 43.9% | 45.0% | 46.5% | 48.2% | 49.1% | 49.8% | 51.1% | 50.2% |
| — | -17.5% | -9.8% | -16.3% | -13.2% | -5.4% | +14.7% | +10.4% | -7.5% | -7.2% | -24.2% | -20.3% | -5.6% | -10.5% | -9.6% | -8.9% | -4.0% | -14.4% | -13.8% | -14.4% | -17.9% | |
| Operating Margin | 20.3% | 16.1% | 15.9% | 18.7% | 19.7% | 22.3% | 21.3% | 20.7% | 22.1% | 17.6% | 14.6% | 21.8% | 31.4% | 29.6% | 28.7% | 22.4% | 33.3% | 34.7% | 33.3% | 32.2% | 31.4% |
| — | -28.0% | -25.2% | -9.6% | -11.1% | +26.5% | +46.2% | -5.2% | -29.6% | -40.5% | -49.1% | -2.5% | -5.5% | -14.5% | -13.8% | -30.5% | +5.9% | +8.1% | -28.7% | -10.4% | +327.4% | |
| Net Margin | 18.0% | 13.7% | 12.5% | 16.4% | 18.3% | 16.7% | 21.5% | 14.5% | 14.4% | 27.0% | 9.6% | 15.2% | 24.6% | 27.7% | 25.8% | 16.3% | 29.0% | 30.2% | 30.1% | 30.9% | 28.6% |
| — | -18.1% | -41.9% | +13.2% | +27.3% | -38.2% | +124.1% | -4.3% | -41.4% | -2.7% | -62.8% | -7.2% | -15.3% | -8.2% | -14.1% | -47.2% | +1.3% | +0.6% | -28.5% | -7.6% | +828.7% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 37.2% | 10.0% | 7.5% | 10.3% | 10.9% | 8.6% | 9.0% | 6.3% | 6.0% | 10.1% | 3.8% | 6.4% | 9.8% | 11.3% | 8.8% | 5.0% | 9.0% | 9.4% | 8.9% | 8.8% | 8.1% |
| — | +15.9% | -17.1% | +64.8% | +82.7% | -14.3% | +137.3% | -2.5% | -39.4% | -11.0% | -57.0% | +29.2% | +9.2% | +20.8% | -0.7% | -43.5% | +11.7% | -9.6% | -59.4% | -65.8% | — | |
| ROA | 14.5% | 2.7% | 2.5% | 3.8% | 3.9% | 3.5% | 3.9% | 2.5% | 2.3% | 3.9% | 1.6% | 2.7% | 4.0% | 4.8% | 4.2% | 2.3% | 4.2% | 4.4% | 4.1% | 4.3% | 3.9% |
| — | -21.8% | -35.5% | +48.6% | +74.1% | -11.6% | +144.5% | -7.0% | -43.4% | -17.3% | -62.2% | +17.0% | -4.8% | +8.6% | +0.7% | -45.7% | +7.9% | +12.9% | -24.1% | -25.8% | — | |
| ROIC | 56.5% | — | — | 68.0% | — | 671.9% | 17.7% | 23.3% | — | — | 27.9% | 41.5% | — | — | — | — | 33.2% | 32.9% | 33.7% | 27.8% | 76.5% |
| — | — | — | +191.7% | — | — | -36.6% | -43.8% | — | — | — | — | — | — | — | — | -56.6% | -72.3% | -35.1% | -30.6% | — |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.16 | 0.12 | 0.00 | 0.16 | 0.01 | 0.01 | 0.01 | 0.11 | 0.05 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.05 | 0.05 | 0.03 | 0.03 | 0.02 |
| — | +1333.2% | -30.7% | +42.4% | -83.9% | -1.0% | -11.0% | +1180.9% | +375.8% | -13.8% | -18.5% | -14.8% | -80.8% | -81.2% | -69.0% | -68.0% | +215.6% | +210.0% | +1958.5% | +559.2% | — | |
| Debt / EBITDA | 0.36 | 0.93 | 0.05 | 1.26 | 0.06 | 0.06 | 0.08 | 1.12 | 0.46 | 0.11 | 0.13 | 0.09 | 0.08 | 0.08 | 0.10 | 0.14 | 0.48 | 0.50 | 0.32 | 0.36 | 0.18 |
| — | +1403.6% | -40.9% | +12.1% | -87.1% | -45.3% | -39.3% | +1082.3% | +508.1% | +45.0% | +31.7% | -32.6% | -84.1% | -84.4% | -70.4% | -60.4% | +172.8% | +150.5% | +3565.3% | +1940.5% | — | |
| Current Ratio | 1.47 | 1.25 | 1.33 | 1.47 | 1.46 | 1.46 | 1.65 | 1.58 | 1.54 | 1.50 | 1.61 | 1.63 | 1.66 | 1.54 | 1.75 | 1.82 | 1.72 | 1.80 | 1.70 | 1.77 | 1.81 |
| — | -14.7% | -19.8% | -7.1% | -5.3% | -2.3% | +2.3% | -2.6% | -7.6% | -3.1% | -7.8% | -10.6% | -3.0% | -14.3% | +3.0% | +2.5% | -5.1% | +4.3% | +27.5% | +41.3% | — | |
| Quick Ratio | 1.47 | 1.25 | 1.33 | 1.47 | 1.46 | 1.46 | 1.65 | 1.58 | 1.54 | 1.50 | 1.61 | 1.63 | 1.66 | 1.54 | 1.75 | 1.82 | 1.72 | 1.80 | 1.70 | 1.77 | 1.81 |
| — | -14.7% | -19.8% | -7.1% | -5.3% | -2.3% | +2.3% | -2.6% | -7.6% | -3.1% | -7.8% | -10.6% | -3.0% | -14.3% | +3.0% | +2.5% | -5.1% | +4.3% | +27.5% | +41.3% | — | |
| Interest Coverage | 10.94 | 1210.58 | 11.10 | 11.08 | 16.16 | 4.42 | 10.87 | 0.36 | 2.67 | 47.84 | 2.38 | 1.70 | 2.15 | 5.69 | 8.10 | 0.86 | 4.73 | 7.61 | 22.16 | 745.09 | 81.83 |
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Includes 30+ ratios · 24 years · Updated daily
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Quick answers to the most common questions about buying DLO stock.
Dlocal Limited's current P/E is 20.7x. The average P/E over the last 4 quarters is 20.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Dlocal Limited's current operating margin is 20.3%. 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.