DLocal Earnings Call Transcripts
Fiscal Year 2025
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Record TPV and revenue growth in 2025, with strong Q4 results and robust cash generation. 2026 guidance anticipates 50%-60% TPV growth, continued margin expansion, and increased capital returns to shareholders.
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The meeting focused on approving the 2024 financial statements and electing an independent director, both of which passed by majority vote. Shareholders could submit questions, and final results will be released via Form 6-K.
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Record TPV and gross profit were achieved, with strong growth across Brazil, Colombia, and remittances. Guidance was reiterated, but risks remain from currency volatility and tariffs. Product innovation and diversification continue to drive performance.
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Cross-border payments remain highly fragmented, but diversification and strong execution are driving growth, especially in Africa, the Middle East, and Asia. New products and operational improvements are supporting high margins, while volatility is mitigated by scale and diversification.
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Record TPV, revenue, and gross profit were achieved with broad-based growth and margin expansion. Guidance was raised, with risks noted from tariffs, currency, and regulatory changes, while new product launches and geographic expansion continue.
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Record Q1 results with revenue up 18% and TPV up 53% year-over-year, driven by cross-border growth and strong performance in emerging markets. Announced a $150M extraordinary dividend and new annual dividend policy, while reaffirming full-year guidance and continued investment in technology and operational efficiency.
Fiscal Year 2024
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Record TPV and strong financial results in 2024 were driven by geographic and product diversification, with robust growth in cross-border and local-to-local payments. 2025 guidance anticipates continued high TPV growth, margin discipline, and take rate compression amid market volatility.
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Record TPV and gross profit were achieved, with strong growth in cross-border and local-to-local segments, despite currency headwinds and softness in Brazil. Adjusted EBITDA and margins improved sequentially, and guidance remains unchanged, with Q4 expected to benefit from seasonal commerce trends.
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The meeting focused on voting for director appointments and approval of financial statements. All proposals, including the election of two directors and ratification of the 2023 financials, passed by majority vote. No shareholder questions were raised during the session.
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Q2 2024 saw record TPV of $6B (up 38% YoY), strong merchant growth, and resilient margins despite currency headwinds and merchant repricing. Adjusted EBITDA was $43M, with robust cash flow and a $82M share buyback. Outlook remains positive, with continued investment in growth and technology.