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dLocal Valuation Multiples
Discover revenue and EBITDA valuation multiples for dLocal and similar public comparables like NCR Atleos, GMO Payment Gateway, Netwealth Group, Shift4 Payments and more.
dLocal Overview
About dLocal
DLocal Ltd is focused on making the complex simple, redefining the online payment experience in emerging markets. Through its technology platform, One dLocal, the company enables world-wide enterprise merchants to get paid (pay-in) and to make payments (pay-out) online in a safe and efficient manner. The company earns revenue from fees charged to merchants in connection with payment processing services for cross-border and local payment transactions. The company's geographical segments include Latin America and Non-Latin America with a majority of its revenue being generated from Brazil in Latin America region.
Founded
2021
HQ
Employees
1.1K
Website
Financials (LTM)
EV
$3B
dLocal Financials
dLocal reported last 12-month revenue of $1B and EBITDA of $291M.
In the same LTM period, dLocal generated $420M in gross profit, $291M in EBITDA, and $209M in net income.
Revenue (LTM)
dLocal P&L
In the most recent fiscal year, dLocal reported revenue of $1B and EBITDA of $278M.
dLocal expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | $420M | XXX | $403M | XXX | XXX | XXX |
| Gross Margin | 36% | XXX | 37% | XXX | XXX | XXX |
| EBITDA | $291M | XXX | $278M | XXX | XXX | XXX |
| EBITDA Margin | 25% | XXX | 25% | XXX | XXX | XXX |
| EBIT Margin | 20% | XXX | 20% | XXX | XXX | XXX |
| Net Profit | $209M | XXX | $197M | XXX | XXX | XXX |
| Net Margin | 18% | XXX | 18% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
dLocal Stock Performance
dLocal has current market cap of $4B, and enterprise value of $3B.
Market Cap Evolution
dLocal's stock price is $12.17.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3B | $4B | 0.0% | XXX | XXX | XXX | $0.67 |
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Start Free TrialdLocal Valuation Multiples
dLocal trades at 2.5x EV/Revenue multiple, and 10.0x EV/EBITDA.
EV / Revenue (LTM)
dLocal Financial Valuation Multiples
As of March 26, 2026, dLocal has market cap of $4B and EV of $3B.
Equity research analysts estimate dLocal's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
dLocal has a P/E ratio of 17.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV/Revenue | 2.5x | XXX | 2.6x | XXX | XXX | XXX |
| EV/EBITDA | 10.0x | XXX | 10.4x | XXX | XXX | XXX |
| EV/EBIT | 12.2x | XXX | 13.0x | XXX | XXX | XXX |
| EV/Gross Profit | 6.9x | XXX | 7.2x | XXX | XXX | XXX |
| P/E | 17.2x | XXX | 18.2x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 7.6x | XXX | XXX | XXX |
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Verified dLocal Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
dLocal Margins & Growth Rates
dLocal's revenue in the last 12 month grew by 29%.
dLocal's revenue per employee in the last FY averaged $1.1M.
dLocal's rule of 40 is 54% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
dLocal's rule of X is 98% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
dLocal Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 29% | XXX | 31% | XXX | XXX | XXX |
| EBITDA Margin | 25% | XXX | 25% | XXX | XXX | XXX |
| EBITDA Growth | 20% | XXX | 19% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 54% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 98% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 2% | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 11% | XXX | 10% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 3% | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 17% | XXX | XXX | XXX |
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dLocal Public Comps
See public comps and valuation multiples for other Payment Service Providers and Payment Infrastructure comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| NCR Atleos | XXX | XXX | XXX | XXX | XXX | XXX |
| GMO Payment Gateway | XXX | XXX | XXX | XXX | XXX | XXX |
| Netwealth Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Shift4 Payments | XXX | XXX | XXX | XXX | XXX | XXX |
| Marex Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
dLocal M&A Activity
dLocal acquired XXX companies to date.
Last acquisition by dLocal was on XXXXXXXX, XXXXX. dLocal acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by dLocal
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialdLocal Investment Activity
dLocal invested in XXX companies to date.
dLocal made its latest investment on XXXXXXXX, XXXXX. dLocal invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by dLocal
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout dLocal
| When was dLocal founded? | dLocal was founded in 2021. |
| Where is dLocal headquartered? | dLocal is headquartered in Uruguay. |
| How many employees does dLocal have? | As of today, dLocal has over 1K employees. |
| Who is the CEO of dLocal? | dLocal's CEO is Pedro Arnt. |
| Is dLocal publicly listed? | Yes, dLocal is a public company listed on Nasdaq. |
| What is the stock symbol of dLocal? | dLocal trades under DLO ticker. |
| When did dLocal go public? | dLocal went public in 2021. |
| Who are competitors of dLocal? | dLocal main competitors are NCR Atleos, GMO Payment Gateway, Netwealth Group, Shift4 Payments. |
| What is the current market cap of dLocal? | dLocal's current market cap is $4B. |
| What is the current revenue of dLocal? | dLocal's last 12 months revenue is $1B. |
| What is the current revenue growth of dLocal? | dLocal revenue growth (NTM/LTM) is 29%. |
| What is the current EV/Revenue multiple of dLocal? | Current revenue multiple of dLocal is 2.5x. |
| Is dLocal profitable? | Yes, dLocal is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of dLocal? | dLocal's last 12 months EBITDA is $291M. |
| What is dLocal's EBITDA margin? | dLocal's last 12 months EBITDA margin is 25%. |
| What is the current EV/EBITDA multiple of dLocal? | Current EBITDA multiple of dLocal is 10.0x. |
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