dLocal

DLO

Market cap $4.14B

2026 is going to be a good year for emerging markets (EMs). They are forecasted to lead global growth with gross domestic product (GDP) in the 4% to 4.5% range, underpinned by expanding middle classes and rising digital adoption.

MONTEVIDEO, Uruguay, Dec. 23, 2025 (GLOBE NEWSWIRE) -- dLocal Limited (“dLocal”, the “company”, “we”, “us”, and “our”) (NASDAQ:DLO), a leading financial technology company powering payments across emerging markets, today announced it has completed the transition to a nine-person, majority independent Board of Directors, now comprising five independent members.

With 2025 winding down, investor focus is shifting to the 2026 outlook, as markets may reward high-growth companies showing clear operational inflection points rather than broad momentum.

DLocal Limited NASDAQ: DLO is a perfect stock for 2026 emerging-market (EM) exposure, given its business model, industry, growth outlook, and broad market support. Still a small company, it is a fintech middleman providing payment processing and pay-in solutions throughout Latin America and globally.

DLocal Limited reported accelerating TPV growth in Q3, showing strength across most verticals. The performance again varied by market. The market is again concerned with DLocal's take rate, as previous stabilization ended in Q3. Pricing pressure hasn't ultimately offset the TPV surge as DLocal's earnings continue to grow.

Uruguayan-based fintech leader dLocal NASDAQ: DLO delivered another strong quarter of growth, posting impressive Q3 2025 results that topped expectations across nearly every metric. The company continues to demonstrate momentum after a stellar Q2, reinforcing its position as one of Latin America's most dynamic fintechs.

DLocal Limited ( DLO ) Q3 2025 Earnings Call November 12, 2025 5:00 PM EST Company Participants Mirele de Aragao - Head of Investor Relations Pedro Arnt - CEO & Director Jeffrey Brown - Interim Chief Financial Officer Conference Call Participants Daer Labarta - Goldman Sachs Group, Inc., Research Division Matthew Coad - Truist Securities, Inc., Research Division Guilherme Grespan - JPMorgan Chase & Co, Research Division James Friedman - Susquehanna Financial Group, LLLP, Research Division Neha Agarwala - HSBC Global Investment Research Presentation Operator [Operator Instructions] I will now hand the call over to the company. Mirele de Aragao Head of Investor Relations Good afternoon, everyone, and thank you for joining the third quarter 2025 earnings call.

DLocal (DLO) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.15 per share a year ago.

dLocal is a leading fintech enabling global merchants to process digital payments in complex emerging markets, offering sticky, long-term client relationships. Despite take-rate compression and competitive pressures, DLO's unique EM expertise, innovation culture, and deep merchant integration provide a durable competitive moat. Ongoing investments in product and market expansion, plus secular EM digital payment growth, position DLO for sustained earnings compounding.

Here is how DLocal (DLO) and Society Pass Incorporated (SOPA) have performed compared to their sector so far this year.