DLocal delivered record second-quarter results: Total payment volume surged 92% year over year to $17.7 billion, while gross profit rose 29% to $127 million and net income increased 28% to $55 million. Growth was led by ride-hailing and merchant expansion across travel, remittances, e-commerce and delivery, with local-to-local transactions reaching 61% of TPV. Brazil and Argentina posted record gross profit, although Mexico and some African and Asian markets faced margin pressure.
The company raised its full-year outlook, now expecting TPV growth of 60%–70% and gross-profit growth of 25%–30%, while maintaining operating-profit growth guidance of 27.5%–32.5%. Management also highlighted increasing AI-driven automation, a planned merchant-of-record product and continued share repurchases. AI Is Selling Off, But These 5 Stocks Could Benefit Next DLocal (NASDAQ:DLO) reported second-quarter 2026 total payment volume of $17.7 billion, up 92% from a year earlier, as growth in ride-hailing, travel, remittances, e-commerce and other verticals drove record volume and gross profit.
Chief Executive Officer Pedro Arnt said the company processed more volume in the quarter than it did during all of 2023. The result marked DLocal's fastest TPV growth since the first quarter of 2022 and extended its streak of growth above 50% year over year to seven consecutive quarters. → AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be dLocal Keeps Winning, but the Stock Still Has Something to Prove Gross profit rose 29% year over year to $127 million, while operating profit increased 15% to $64 million. Net income reached $55 million, up 28% from a year earlier, and diluted earnings per share were $0.18.
Arnt said the company's merchant relationships continued to deepen, with clients adding countries, payment methods and products. DLocal reported net revenue retention of 153% and TPV retention of 188% during the quarter. The company said it serves more than 760 global merchants across more than 60 emerging markets. → Nebius' Q2 Beat Shows the AI Bottleneck Is Capacity, Not Demand 3 Emerging Market Stocks Leveraging South America's Momentum Ride-hailing was the largest contributor to sequential TPV growth, according to Chief Financial Officer Guillermo Lopez Perez.
While one large global merchant was an important driver, he said growth was also supported by several ride-hailing and on-demand-delivery companies expanding meaningfully. Travel, remittances, e-commerce, software-as-a-service and advertising also added to growth. Financial-services volumes were modestly lower, which Lopez Perez attributed primarily to seasonality among certain travel-related merchants in Latin America. → On Holding's Price Stumble May Be an Opening for a Company Built to Run Local-to-local flows represented 61% of TPV, up 6 percentage points from the first quarter.
The shift reflected rapid growth in ride-hailing and on-demand-delivery activity, which typically requires local settlement. During the question-and-answer portion of the call, Arnt said the rapid expansion of a large global ride-hailing merchant had pushed the company into "a whole new tier" of volume. He added that, excluding that merchant and certain currency-volatility effects, net take rate would have been close to flat sequentially even as TPV growth would have remained above 65% year over year.
Extract — continue reading at the source.
