capital · May 16, 2026
dLocal Q1 2026 Earnings Show TPV Growth to $14.1B and Africa Asset Acquisition
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dLocal CEO Pedro Arnt highlighted Q1 2026 results including Total Payment Volume of $14.1 billion, up 73% year-over-year, and gross profit of $118.7 million, up 40% year-over-year. The company completed a strategic asset transaction in Africa that brought customer relationships, intellectual property, licenses, and key talent to accelerate expansion in the region. Operating expenses reached $65.9 million, up 58% year-over-year, prompting a full hiring freeze for the remainder of 2026 and increased automation efforts. dLocal now holds 38 licenses across 26 markets and recently expanded to Algeria, Qatar, Kuwait, and Oman. Management reiterated full-year 2026 guidance despite a one-time $9.7 million prior-period tax adjustment impacting GAAP EPS.