DLocal (FRA:86G) EBIT: €201 Mil (TTM As of Mar. 2026)


FRA:86G DLocal Ltd FRA:86G
75 GF Score
Price €13.00
GF Value €16.85
Valuation Modestly Undervalued
! 4 Warning Signs
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What is DLocal EBIT?

DLocal FRA:86G 75 EBIT is €201 Mil as of Mar. 2026. GuruFocus rates FRA:86G with a GF Score™ of 75/100 and a GF Value™ of €16.85 (Modestly Undervalued). The stock has 4 warning signs investors should review.

DLocal's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €54 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €201 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. DLocal's annualized ROC % for the quarter that ended in Mar. 2026 was 68.32%. DLocal's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3,617.67%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. DLocal's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.44%.


DLocal  (FRA:86G) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

DLocal's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=185.288 * ( 1 - 25.84% )/( (179.495 + 222.735)/ 2 )
=137.4095808/201.115
=68.32 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1315.983 - 748.049 - ( 468.077 - max(0, 824.887 - 1213.326+468.077))
=179.495

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1579.288 - 1000.172 - ( 790.264 - max(0, 1094.435 - 1450.816+790.264))
=222.735

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

DLocal's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=215.016/( ( (5.961 + max(-4.5079999999999, 0)) + (5.926 + max(-433.015, 0)) )/ 2 )
=215.016/( ( 5.961 + 5.926 )/ 2 )
=215.016/5.9435
=3,617.67 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(444.832 + 0 + 300.417) - (748.049 + 0 + 1.708)
=-4.5079999999999

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(640.474 + 0 + 20.078) - (1000.172 + 0 + 93.395)
=-433.015

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

DLocal's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=201.128/3125.497
=6.44 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


DLocal EBIT Related Terms


DLocal EBIT Historical Data

* Premium members only.

The historical data trend for DLocal's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

DLocal EBIT Chart

DLocal Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial 75.79 113.71 164.23 144.70 195.49

DLocal Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 52.90 57.13 55.56 34.69 53.75

FRA:86G vs FOUR, BOX, BLSH: EBIT Comparison

For the Software - Infrastructure subindustry, DLocal's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


DLocal EV-to-EBIT vs Software Industry

For the Software industry and Technology sector, DLocal's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where DLocal's EV-to-EBIT falls into.


FRA:86G
75GF Score
DLocal Ltd FRA:86G
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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DLocal EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €201 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €201 Mil mean?
DLocal (FRA:86G) has a EBIT of €201 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on DLocal.
Is DLocal's EBIT too high?
DLocal's current EBIT is €201 Mil. Overall, DLocal has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DLocal's EBIT compare to FOUR and BOX?
DLocal's EBIT of €201 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Software company?
A good EBIT depends on the Software industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on DLocal. DLocal's current EBIT is €201 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DLocal stock overvalued right now?
Based on GuruFocus' analysis, DLocal (FRA:86G) is currently considered Modestly Undervalued. The stock's GF Value™ is €16.85, compared to a current price of €13.00 — trading 22.8% below its estimated fair value. The current EBIT is €201 Mil. DLocal's overall GF Score™ is 75/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For DLocal (FRA:86G), the current EBIT is €201 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is DLocal (FRA:86G) Overvalued in 2026?

Based on GuruFocus' analysis, DLocal stock appears to be undervalued. The current stock price of €13.00 is trading 22.8% below its estimated GF Value™ of €16.85. GuruFocus considers DLocal to be Modestly Undervalued.

Key valuation signals for FRA:86G:

  • EBIT: €201 Mil
  • GF Value™: €16.85 vs. price of €13.00 (22.8% below fair value)
  • GF Score™: 75/100 with 4 warning signs

No single metric tells the full story. See the FRA:86G stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DLocal Business Description

Other Exchanges DLO:USADLON:Mexico
Address Boundary Hall, Cricket Square, PO Box 1093, Grand Cayman, CYM, KY1-1102
DLocal Ltd is focused on making the complex simple, redefining the online payment experience in emerging markets. Through its technology platform, One dLocal, the company enables world-wide enterprise merchants to get paid (pay-in) and to make payments (pay-out) online in a safe and efficient manner. The company earns revenue from fees charged to merchants in connection with payment processing services for cross-border and local payment transactions. The company operates in a single operating segment, which is payment processing. The company's geographical segments include Latin America and Non-Latin America, with a majority of its revenue being generated from Brazil in the Latin America region.
75GF Score

Get the complete analysis for FRA:86G

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€13.00
Price
€16.85
GF Value