DLocal (MEX:DLON) EBIT: MXN4,289 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:DLON DLocal Ltd MEX:DLON
76 GF Score
Price MXN257.00
GF Value MXN357.52
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is DLocal EBIT?

DLocal MEX:DLON -1.91% 76 EBIT is MXN4,289 Mil as of Mar. 2026. GuruFocus rates MEX:DLON with a GF Score™ of 76/100 and a GF Value™ of MXN357.52 (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 MXN1,121 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was MXN4,289 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 67.98%. DLocal's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3,597.13%.

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 7.08%.


DLocal  (MEX:DLON) 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 )
=3862.748 * ( 1 - 25.84% )/( (3784.457 + 4643.384)/ 2 )
=2864.6139168/4213.9205
=67.98 %

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))
=27746.136 - 15771.841 - ( 9868.906 - max(0, 17391.886 - 25581.724+9868.906))
=3784.457

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))
=32923.509 - 20850.634 - ( 16474.675 - max(0, 22815.747 - 30245.238+16474.675))
=4643.384

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 )
=4482.424/( ( (125.68 + max(-95.035000000002, 0)) + (123.542 + max(-9027.097, 0)) )/ 2 )
=4482.424/( ( 125.68 + 123.542 )/ 2 )
=4482.424/124.611
=3,597.13 %

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)
=(9378.809 + 0 + 6334.009) - (15771.841 + 0 + 36.011999999999)
=-95.035000000002

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13351.988 + 0 + 418.575) - (20850.634 + 0 + 1947.026)
=-9027.097

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 )
=4288.881/60593.908
=7.08 %

* 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 1,756.86 2,348.49 3,039.95 3,160.06 4,121.65

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 1,169.96 1,240.68 1,196.28 731.32 1,120.61

MEX:DLON vs BOX, NTSK, FOUR: 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.


MEX:DLON
76GF Score
DLocal Ltd MEX:DLON
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 MXN4,289 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 MXN4,289 Mil mean?
DLocal (MEX:DLON) has a EBIT of MXN4,289 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 MXN4,289 Mil. Overall, DLocal has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DLocal's EBIT compare to BOX and NTSK?
DLocal's EBIT of MXN4,289 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 MXN4,289 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 (MEX:DLON) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN357.52, compared to a current price of MXN257.00 — trading 28.1% below its estimated fair value. The current EBIT is MXN4,289 Mil. DLocal's overall GF Score™ is 76/100 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 (MEX:DLON), the current EBIT is MXN4,289 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 (MEX:DLON) Overvalued in 2026?

Based on GuruFocus' analysis, DLocal stock appears to be undervalued. The current stock price of MXN257.00 is trading 28.1% below its estimated GF Value™ of MXN357.52. GuruFocus considers DLocal to be Modestly Undervalued.

Key valuation signals for MEX:DLON:

  • EBIT: MXN4,289 Mil
  • GF Value™: MXN357.52 vs. price of MXN257.00 (28.1% below fair value)
  • GF Score™: 76/100 with 4 warning signs

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


DLocal Business Description

Other Exchanges DLO:USA86G:Germany
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.
76GF Score

Get the complete analysis for MEX:DLON

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

MXN257.00
Price
MXN357.52
GF Value