dLocal (DLO)
Connects global merchants to local payments across emerging markets through one API.
Something off on this page? Send us feedback.
Provides pay-ins and pay-outs through a single API, platform and contract for global enterprise merchants. It manages localized payment methods, compliance, foreign exchange and settlement across emerging markets.
One dLocal combines pay-ins and pay-outs through a single API, platform and contract for global enterprise merchants. It manages local payment methods, compliance, foreign exchange and settlement so merchants do not need separate local integrations.
The platform began in Brazil and now operates across emerging markets in Africa, Asia, the Middle East and Latin America. Its merchant interface is standardized while the payments infrastructure is localized country by country. Operations are rooted in Montevideo, while the listed holding company is incorporated in the Cayman Islands. The business depends on local payment rails, compliance processes, foreign-exchange handling and settlement across those markets.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 1, 2026 | UBS | Upgrade | Target: $15 | Target: $20 |
| Apr 30, 2026 | Goldman Sachs | Target | Target: $19 | Target: $17 |
| Jan 20, 2026 | Truist Financial | Target | Target: $16 | Target: $17 |
| Dec 11, 2025 | Truist Financial | Target | Target: $15 | Target: $16 |
| Dec 11, 2025 | Truist Securities | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $874.2M · Total debt $67.4M · Total assets $2.19B · Shareholders' equity $540.2M
- Revenue
- $399.7M
- Operating income
- $64.2M
- Net income
- $54.6M
HistoryDividendAnnual yield
| Institutions | 39.96% | 117.86M ADS | |
|---|---|---|---|
| 180 holders · as of Jun 30, 2026 | |||
| Insiders | 5.74% | 16.92M ADS | |
| 9 holders · as of Aug 11, 2026 | |||
| Other | 54.30% | 160.16M ADS | |
| remainder | |||
294.93M ADS as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
General Atlantic, L.P.Institution | 15.82% | 46.66M ADS | as of Jun 30, 2026 |
Sebastian KanovichInsiderdirector | 3.91% | 11.53M ordinary | filed Aug 11, 2026 |
Summit Trail Advisors, LLCInstitution | 2.60% | 7.68M ADS | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 1.72% | 5.08M ADS | as of Jun 30, 2026 |
Bank of America Corp /DE/Institution | 1.67% | 4.93M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 5, 2026 | Sebastian Kanovich | director | −72,753 | $15.54 |
| Aug 4, 2026 | Sebastian Kanovich | director | −4,700 | $15.50 |
| Jul 7, 2026 | Sebastian Kanovich | director | −25,700 | $15.50 |
| Jul 1, 2026 | Sebastian Kanovich | director | −1,000,000 | $14.63 |
| May 29, 2026 | William Rodney Pruett | director | +20,000 | $11.85 |
- Global Payments
Global merchant acquiring, including the Worldpay platform
- StoneCo
Brazilian merchant acquirer with local payments infrastructure
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| dLocal | $14.09 | −1.57% | $4.20B | 21.0 | 14.3 | 3.1 | +55.8% |
| Global Payments | $85.26 | −0.04% | $21.17B | — | 5.8 | 2.1 | +61.5% |
| StoneCo | $9.66 | −0.48% | $2.36B | 3.8 | 5.6 | 0.9 | +14.3% |
| Median | 3.8 | 5.7 | 1.5 | +37.9% |