dLocal, an emerging market cross-border payments has announced its financial results for the fourth quarter and full year 2024.
The Q4 2024 earnings update concluded on February 27, revealing steady growth metrics that reinforce dLocal’s role as a key player in digital payments across Latin America and other global regions.
As international businesses expand into high-growth economies, dLocal says it continues to provide “local payment solutions across emerging markets.”
The Fintech company claims that its strong business growth demonstrates its ability to “navigate economic fluctuations and leverage opportunities in these regions.”
Latin America accounted for 75% of total revenue “with strong contributions from Argentina, Mexico, and Colombia.”
Pedro Arnt, CEO of dLocal said:
“Looking ahead to 2025, we are confident in our ability to sustain momentum. Our investments in technology, product innovation, and market expansion position us well for growth. Despite the volatility of emerging markets, our disciplined scaling, local expertise, and commitment to delivering value to merchants will differentiate us. Our strategy focuses on capturing the potential of digital payments in high-growth regions, driving operational efficiencies, and reinforcing market leadership.”
Key Q4 2024 Financial Highlights:
- Total Payment Volume (TPV): $7.7 billion, up 51% YoY and 18% QoQ.
- Revenue: $204.5 million, up 9% YoY and 10% QoQ.
- Gross Profit: $83.7 million, up 20% YoY and 7% QoQ.
- Adjusted EBITDA: $56.9 million, up 16% YoY and 9% QoQ.
- Net Income: $29.7 million, up 4% YoY and 11% QoQ.
- Cross-Border Payment Volume: Surged 67% YoY, now representing 48% of total TPV.
Looking ahead to 2025, dLocal says that it expects to “continue its upward trajectory, focusing on expanding market reach, enhancing technology infrastructure, and refining payment orchestration strategies.”
The company remains committed to “driving innovation and financial inclusion across its 40+ operating markets.”
As covered, dLocal supports local payments in emerging markets “connecting global enterprise merchants with billions of emerging market consumers.”
Through the “One dLocal” concept (one direct API, one platform, and one contract), global companies can “accept payments, send pay-outs and settle funds globally without the need to manage separate pay-in and pay-out processors, set up numerous local entities, and integrate multiple acquirers and payment methods in each market.”