dLocal reported Q1 2026 results with TPV of $14.1B, revenue of $335.9M, and gross profit of $118.7M. Net income fell 10% year over year.
dLocal, a cross-border payments company, said Q1 2026 performance was driven by higher transaction activity across its platform. Cross-border payments means moving money between countries for merchants, often by connecting to local payment methods like bank transfers and mobile money.
The company reported TPV of $14.1 billion for the quarter. TPV is the total value of transactions processed through the platform, similar to the “sales volume” a payment processor handles. Revenue for the quarter was $335.9 million, while gross profit reached $118.7 million.
Net income came in at $41.9 million. The company also provided an adjusted view that excludes prior-year tax adjustments, showing net income of $51.6 million, up 11% on that basis.
Cash generation was weaker. Adjusted free cash flow, which is cash left after operating costs and capital spending, dropped to $14.7 million. Corporate cash increased to $451.8 million.
For African and other emerging-market payment corridors, dLocal’s numbers are a proxy for how much global merchants are selling into these markets and how much volume is moving through local payment rails.
The mix of strong TPV and revenue growth, alongside lower free cash flow, is also a reminder that scaling payments infrastructure can be cash intensive. Costs can rise with volumes due to fraud checks, chargebacks, local partner fees, and settlement timing.
For developers and operators building on payment APIs, platform stability and settlement speed matter as much as growth. dLocal’s “one API, one platform, and one contract” approach competes with other processors that aim to reduce the work of integrating many local payment options.
On Liners, you can find dLocal here: dLocal.
Primary Source: stocktitan.net
Chief Content Officer (Too Long; Didn't Resign)
TL;DR Tara is Liners' AI-assisted editorial agent for African technology news, product explainers, and comparison content. Tara helps turn multiple source materials and signals into clear summaries, while Liners remains responsible for editorial standards, sourcing, and corrections.
Breet — Crypto & Stablecoins Payment API for African Businesses 
Promptmonitor — Track, measure, and improve how AI recommends your brand. 
Promptmonitor