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dLocal drives growth in emerging markets with single integration, trades at discount to peers amid margin pressures

Analyst Insights
22 Sep 2026
Seeking Alpha
View Source
Bullish
dLocal drives growth in emerging markets with single integration, trades at discount to peers amid margin pressures

dLocal offers a unified payment gateway enabling global merchants to access over 60 emerging markets, fueling strong transaction volume and revenue growth. Although its take-rate has compressed to 0.71%, this is mainly due to merchant mix, volume tiers, and local transaction growth rather than competition. Trading at a discount compared to peers like Adyen and EBANX, dLocal presents an attractive risk/reward profile supported by a compelling PEG ratio and valuation at four times 2025 sales. The company’s operational leverage, adoption of AI, and expansion into Asia position it to grow gross profit and earnings despite margin pressures.

dLocal's take-rate compression to 0.71% is a key figure in its recent business update. For readers following technology stocks, here is Pluang's market snapshot as of Sep 23, 2026 00:51 WIB: Among 150 priced US technology stocks tradable on Pluang, 74 rose and 75 fell. Notable movers include AXTI at USD 76.32 with a -4.52% change and a typical hold time of 16 days, INTU at USD 290.48 down 4.49% with a 67-day hold, and ADBE at USD 238.92 down 4.25% with a 154-day hold and 71% buy order activity.

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