NEW YORK, June 1, 2026, 10:07 EDT
DLocal Limited shares traded a bit higher on Monday morning on the Nasdaq. The payments company’s upcoming June dividend date gave some investors a reason to watch after a shaky May. DLO was last seen at $11.91, up 5 cents, or around 0.4%, in a range between $11.81 and $12.08. Market cap stood near $3.53 billion.
DLocal is still under the microscope on whether strong growth in payments volume will mean more profit now that a tax bill and rising costs hurt its first-quarter numbers. Wall Street kicked off June near all-time highs, but the Nasdaq Composite dipped 0.07% at the open, so DLocal’s early jump wasn’t just a tide-lift for tech.
DLocal’s first-quarter net profit dropped 10% to $41.9 million, missing analyst estimates of $48.9 million, Reuters said May 14. Revenue climbed 55% to $335.9 million, coming in ahead of forecasts. Total payment volume jumped 73% to $14.1 billion.
DLocal posted record gross profit of $118.7 million, a 40% jump, and kept its outlook steady. CEO Pedro Arnt said in the release “the thesis is intact,” citing local processing and merchant demand in emerging markets. DLocal Limited
Chief Financial Officer Guillermo Lopez Perez told investors the company saw “broad-based” growth, pointing to Mexico, Brazil, Argentina and also gains in Chile, Nigeria, Colombia and Vietnam. Travel and on-demand delivery grew faster in the quarter, with merchant expansion driving those segments, he said. Cloudfront
Costs hit DLocal’s results. The company pointed to a $9.7 million tax adjustment for a previous period along with higher operating expenses—standard business outlays—as reasons for lower reported profit. Adjusted free cash flow dropped to $14.7 million, mostly from timing in working capital, with cash stuck in receivables and payables.
Payments names traded mixed at the open. StoneCo dipped 0.3% and PagSeguro slipped 0.6%. PayPal was up 0.8%. The split points to DLocal’s move not being a blanket reaction across payment processors.
DLocal’s next cash dividend is coming up. The company is set to pay out a total of $57.2 million, or roughly $0.1939 per share, depending on shares outstanding. The dividend will go to shareholders of record as of May 27, with payment expected on or around June 10.
But there’s still a risk. If the company fails to push tax costs onto merchants, or if business moves to regions and payment types with thinner margins, revenue growth could take time to feed through to cash flow. Management says operating leverage should pick up in the second half as the company grows, but investors have seen this kind of pitch before.
DLO moves today on what traders saw in the May report—record volume and steady guidance, but against that, a profit miss and some cash-flow questions. The stock’s next set point is the June 10 payout. Investors after that will be looking for clear signs that all this volume growth is starting to show up in margins.
