Dlocal Limited ( (DLO) ) has released its Q2 earnings. Here is a breakdown of the information Dlocal Limited presented to its investors.
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DLocal Limited is a technology-driven payments platform that facilitates local payments in emerging markets, connecting global merchants with consumers across Africa, Asia, and Latin America. The company recently reported its financial results for the second quarter of 2025, showcasing significant growth and operational achievements.
In the second quarter of 2025, DLocal achieved a record Total Payment Volume (TPV) of $9.2 billion, marking a 53% year-over-year increase. The company also reported revenues of $256.5 million, up 50% from the previous year, driven by strong performance in Brazil and Mexico, as well as rapid growth in other regions. DLocal’s Adjusted EBITDA rose by 64% to $70.1 million, reflecting consistent operational leverage.
Key financial metrics highlighted in the report include a gross profit of $98.9 million, up 42% year-over-year, and a free cash flow of $48 million, demonstrating robust cash generation capabilities. The company’s net income for the quarter was $42.8 million, slightly down due to currency devaluation impacts, but operational improvements were evident with an 85% increase in operating profit.
Looking ahead, DLocal has adjusted its full-year 2025 guidance upwards for TPV, revenue, gross profit, and Adjusted EBITDA, indicating confidence in sustained business momentum. The company is also making governance changes, including transitioning to a majority independent board and canceling treasury shares to return capital to shareholders.

