Home / Business and Economy / DLocal's TPV Surges 92% on Ride-Hailing Boom
DLocal's TPV Surges 92% on Ride-Hailing Boom
14 Aug
Summary
- DLocal processed $17.7 billion in Q2 2026, up 92% year-over-year.
- Ride-hailing and merchant expansion drove significant payment volume growth.
- Company reported 153% net revenue retention and 188% TPV retention.
DLocal announced substantial second-quarter 2026 results, with total payment volume (TPV) soaring by 92% to $17.7 billion. This performance marks the company's fastest TPV growth since early 2022 and continues a streak of over 50% year-over-year growth for seven consecutive quarters. Growth was significantly driven by the ride-hailing sector and expanded merchant services.
Gross profit increased 29% to $127 million, while operating profit rose 15% to $64 million. The company reported strong merchant retention, with 153% net revenue retention and 188% TPV retention, serving over 760 global merchants across more than 60 emerging markets.
Ride-hailing emerged as the primary contributor to sequential TPV growth, supported by both large global merchants and numerous on-demand delivery companies. Other contributing sectors included travel, remittances, e-commerce, software-as-a-service, and advertising. Local-to-local transactions now represent 61% of TPV, indicating a shift towards local settlement needs.
