Recent news coverage for dLocal focuses on its earnings reports and market positioning within emerging market fintech sectors. The company was featured in after-hours earnings reports and market commentary highlighting its status as an emerging market fintech stock.

• dLocal was included in an after-hours earnings report on March 18, 2026, alongside other technology and fintech companies [N1].
• Market commentary in early 2026 highlighted dLocal as a top emerging market fintech stock to watch, emphasizing its growth potential in South America and other regions [N6][N8].
• An RSI alert in February 2026 noted that dLocal's stock was oversold, indicating market technical interest [N5].
• Analysts and market reports in early 2026 discussed dLocal among growth stocks leveraging emerging market momentum [N7].

dLocal's technology-first approach and early entry into emerging markets have allowed it to build a broad and scalable payments platform serving 44 countries, positioning it as a key enabler of global merchants' expansion into these high-growth regions. The company's diversified payment solutions, including pay-in, pay-out, and marketplace capabilities, cater to evolving merchant needs and support volume growth. Strong liquidity and a disciplined dividend policy reflect financial strength and shareholder returns. Continued investment in technology and rapid product development support adaptability in a dynamic payments landscape. Strategic backing from investors and committed management ownership provide stability and resources for expansion. These elements underpin dLocal's potential to maintain and deepen its market presence in emerging markets.

dLocal faces legal risks from ongoing securities class action lawsuits related to its IPO and public disclosures, with appeals pending and no certainty on outcomes. The concentration of voting power among Class B shareholders may limit broader shareholder influence and could pose governance concerns. Operating in emerging markets exposes the company to regulatory, currency, and geopolitical risks that could impact operations and financial results. The fast-evolving payments industry requires continuous innovation and investment, which may strain resources. Market competition from global and local payment providers could pressure margins and growth. Any material cybersecurity incident, despite current controls, could disrupt operations or damage reputation. These factors present challenges to dLocal's business stability and growth.

dLocal's moat is anchored in its early recognition of the need for specialized online payments infrastructure tailored to emerging markets, enabling it to build a scalable and flexible platform from scratch. Its presence in 44 emerging market countries across multiple continents, combined with a broad suite of payment solutions including pay-in, pay-out, local-to-local, and marketplace capabilities, creates a comprehensive ecosystem that is difficult for new entrants to replicate quickly. The company's strong relationships with global enterprise merchants and strategic investors, along with continuous technology innovation and frequent platform updates, reinforce its competitive position. Additionally, the dual-class share structure concentrates control among founders and key management, supporting strategic continuity. These factors collectively contribute to a defensible position in the niche of cross-border and local payments in emerging markets.

• Legal and Regulatory Risks: dLocal is involved in multiple securities class action lawsuits related to its IPO and public filings, with motions to dismiss granted but appeals ongoing. The outcomes of these legal proceedings are uncertain and could materially affect the company.
• Emerging Market Exposure: Operating in 44 emerging market countries exposes dLocal to regulatory, currency, political, and economic risks that could adversely impact its business and financial condition.
• Governance Concentration: The dual-class share structure concentrates voting power among Class B shareholders, potentially limiting influence of other shareholders and affecting corporate governance dynamics.
• Competitive and Technological Risks: The payments industry is highly competitive and rapidly evolving, requiring continuous innovation and investment. Failure to keep pace could affect dLocal's market position.
• Cybersecurity Risks: Despite robust cybersecurity programs, the company remains exposed to potential cyber threats that could disrupt operations or harm its reputation.

• dLocal Ltd is a technology-first company founded in 2016 focused on disrupting online payments and enabling global enterprise merchants to access emerging markets efficiently.
• The company operates a flexible, scalable online payments platform serving 44 countries across Latin America, Africa, and Asia, including Brazil, Mexico, Argentina, Colombia, Chile, Nigeria, South Africa, Morocco, India, Philippines, and Indonesia.
• dLocal offers pay-in cross-border payments, pay-out solutions, and local-to-local payment capabilities for both pay-in and pay-out transactions.
• The company has developed marketplace payment capabilities and onboarded one of the world's largest e-commerce platforms as a marketplace merchant in 2018.
• dLocal serves high-growth, technology-related verticals across key sectors in emerging markets.
• The company is supported by strategic investors including General Atlantic and has meaningful ownership by founders and management, including former co-CEO Sebastián Kanovich.
• dLocal's common shares trade solely on the Nasdaq under the ticker symbol 'DLO' since June 3, 2021.
• As of December 31, 2025, dLocal had 165,877,764 Class A common shares and 129,054,192 Class B common shares issued and outstanding, with Class B shares having enhanced voting rights.
• The company had cash and cash equivalents of approximately $719.9 million and short-term investments of about $99.1 million as of December 31, 2025, with a current ratio of 1.47 and a cash ratio of 0.85, indicating solid liquidity.
• For the fiscal year ended December 31, 2025, dLocal reported revenue of approximately $1.09 billion and net income of about $197 million, with basic EPS of $0.68 and diluted EPS of $0.65.
• dLocal paid $150 million in dividends in 2025, representing approximately $0.5251 per share, and declared a cash dividend of about $57.2 million to be paid in June 2026.
• The company has a policy to pay annual cash dividends equal to 30% of Adjusted Free Cash Flow from the prior year.
• dLocal has a regular software release schedule with frequent updates to its platform, aiming to provide merchants immediate access to new features and maintain relevance in a fast-evolving payments environment.
• The company invests in capital expenditures related to internally generated software and computer hardware, with $36.8 million spent in 2025, representing about 3% of revenues.
• dLocal is party to multiple legal proceedings, including securities class action lawsuits related to its IPO and public filings, with motions to dismiss granted but appeals ongoing; no provisions for losses have been recorded due to the preliminary nature of these cases.
• The company intends to vigorously defend itself in ongoing litigation matters.
• dLocal's business continuity and cybersecurity programs are comprehensive, with no material cybersecurity incidents reported in 2025.
• The company believes its cash and cash equivalents and operating cash flows are sufficient to meet working capital and capital expenditure needs for the next 12 months.
• Recent news coverage includes after-hours earnings reports and market commentary highlighting dLocal's position in emerging markets and fintech sectors.
• The company has not reported any significant changes or material adverse trends since December 31, 2025.
• dLocal's Articles of Association provide for two classes of common shares with different voting rights and conversion features, concentrating voting power among Class B shareholders.