---
title: "dLocal Q1 2026 Results: TPV Up 73% to $14.1B"
description: "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."
canonical_url: "https://liners.com/news/dlocal-q1-2026-results-tpv-revenue"
markdown_url: "https://liners.com/news/dlocal-q1-2026-results-tpv-revenue.md"
type: "article"
language: "en"
published_at: "2026-05-23T16:20:15.076Z"
updated_at: "2026-05-23T16:20:15.659Z"
---

# dLocal Q1 2026 Results: TPV Up 73% to $14.1B

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.

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- [dLocal Q1 2026 Results: TPV Up 73% to $14.1B](/news/dlocal-q1-2026-results-tpv-revenue)

## Content

## In Short
- dLocal posted Q1 2026 results with total payment volume (TPV) of $14.1 billion, up 73% year over year.
- Revenue grew 55% to $335.9 million, and gross profit rose 40% to a record $118.7 million.
- Net income was $41.9 million, down 10%, and adjusted free cash flow fell 63% to $14.7 million.

## What Happened
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.

## Why It Matters
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](/dlocal).

## Sources and products

- [stocktitan.net](https://www.stocktitan.net/news/DLO)
- [dLocal](/dlocal)

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