Dlocal

DLocal reported Q2 revenue of $399.7M, beating the $369M estimate, up 56% YoY. Diluted EPS of $0.18 missed the $0.19 estimate. Gross profit was a record $127.2M, up 29% YoY. Operating profit of $64.2M was in line. The company raised its FY26 guidance: TPV growth 60-70%, gross profit growth 25-30%, operating profit growth 27.5-32.5% (maintained). TPV reached $17.7B, up 92% YoY. Net income of $54.8M missed the $56.1M estimate. Adjusted free cash flow was $68.5M, up 41% YoY. Gross margin was 32% vs 39% a year ago. The company repurchased 6.9M shares for $86.1M under its $300M program and secured a new $150M facility.