Is dLocal’s (DLO) Growth Engine Built to Last?
dLocal (DLO) reported Q2 2026 results with 92% YoY surge in Total Payment Volume to $17.7B, net income up 28% to $54.8M, and adjusted free cash flow up 41% to $68.5M. The company faces margin compression due to enterprise discounts and local transactions. It selected Oscilar to upgrade compliance. Management raised TPV growth guidance to 60-70% but kept operating profit growth guidance unchanged.






