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Side-by-side financial comparison of dLocal Ltd (DLO) and LendingClub Corp (LC). Click either name above to swap in a different company.
dLocal Ltd is the larger business by last-quarter revenue ($337.9M vs $252.3M, roughly 1.3× LendingClub Corp). LendingClub Corp runs the higher net margin — 20.5% vs 16.5%, a 4.0% gap on every dollar of revenue. On growth, dLocal Ltd posted the faster year-over-year revenue change (65.2% vs 15.9%).
dLocal Limited is a Uruguayan financial technology company. It provides cross-border payments connecting global merchants to emerging markets.
LendingClub Corporation is an American financial services company headquartered in San Francisco, California. It was the first peer-to-peer lender to register its offerings as securities with the Securities and Exchange Commission (SEC), and to offer loan trading on a secondary market. At its height, LendingClub was the world's largest peer-to-peer lending platform. The company reported that $15.98 billion in loans had been originated through its platform up to December 31, 2015.
DLO vs LC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $337.9M | $252.3M |
| Net Profit | $55.6M | $51.6M |
| Gross Margin | 34.3% | — |
| Operating Margin | 18.6% | — |
| Net Margin | 16.5% | 20.5% |
| Revenue YoY | 65.2% | 15.9% |
| Net Profit YoY | 87.3% | 341.0% |
| EPS (diluted) | $0.18 | $0.44 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $252.3M | ||
| Q4 25 | $337.9M | $266.5M | ||
| Q3 25 | $282.5M | $266.2M | ||
| Q2 25 | — | $248.4M | ||
| Q1 25 | — | $217.7M | ||
| Q4 24 | $204.5M | $217.2M | ||
| Q3 24 | $185.8M | $201.9M | ||
| Q2 24 | — | $187.2M |
| Q1 26 | — | $51.6M | ||
| Q4 25 | $55.6M | — | ||
| Q3 25 | $141.3M | $44.3M | ||
| Q2 25 | — | $38.2M | ||
| Q1 25 | — | $11.7M | ||
| Q4 24 | $29.7M | — | ||
| Q3 24 | $90.8M | $14.5M | ||
| Q2 24 | — | $14.9M |
| Q1 26 | — | — | ||
| Q4 25 | 34.3% | — | ||
| Q3 25 | 36.5% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 40.9% | — | ||
| Q3 24 | 42.1% | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 18.6% | 18.8% | ||
| Q3 25 | 19.7% | 21.5% | ||
| Q2 25 | — | 21.7% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | 20.7% | 5.1% | ||
| Q3 24 | 22.1% | 8.9% | ||
| Q2 24 | — | 10.4% |
| Q1 26 | — | 20.5% | ||
| Q4 25 | 16.5% | — | ||
| Q3 25 | 50.0% | 16.6% | ||
| Q2 25 | — | 15.4% | ||
| Q1 25 | — | 5.4% | ||
| Q4 24 | 14.5% | — | ||
| Q3 24 | 48.9% | 7.2% | ||
| Q2 24 | — | 8.0% |
| Q1 26 | — | $0.44 | ||
| Q4 25 | $0.18 | $0.36 | ||
| Q3 25 | $0.17 | $0.37 | ||
| Q2 25 | — | $0.33 | ||
| Q1 25 | — | $0.10 | ||
| Q4 24 | $0.09 | $0.08 | ||
| Q3 24 | $0.09 | $0.13 | ||
| Q2 24 | — | $0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $719.9M | — |
| Total DebtLower is stronger | $86.7M | — |
| Stockholders' EquityBook value | $569.4M | $1.5B |
| Total Assets | $1.5B | $11.9B |
| Debt / EquityLower = less leverage | 0.15× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $719.9M | — | ||
| Q3 25 | $604.5M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $425.2M | — | ||
| Q3 24 | $560.5M | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $86.7M | $0 | ||
| Q3 25 | $63.1M | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $0 | ||
| Q4 24 | $39.8M | $0 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $569.4M | $1.5B | ||
| Q3 25 | $504.7M | $1.5B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $489.0M | $1.3B | ||
| Q3 24 | $457.0M | $1.3B | ||
| Q2 24 | — | $1.3B |
| Q1 26 | — | $11.9B | ||
| Q4 25 | $1.5B | $11.6B | ||
| Q3 25 | $1.4B | $11.1B | ||
| Q2 25 | — | $10.8B | ||
| Q1 25 | — | $10.5B | ||
| Q4 24 | $1.2B | $10.6B | ||
| Q3 24 | — | $11.0B | ||
| Q2 24 | — | $9.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.15× | 0.00× | ||
| Q3 25 | 0.12× | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | 0.08× | 0.00× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $100.4M | — |
| Free Cash FlowOCF − Capex | $99.8M | — |
| FCF MarginFCF / Revenue | 29.5% | — |
| Capex IntensityCapex / Revenue | 0.2% | — |
| Cash ConversionOCF / Net Profit | 1.80× | — |
| TTM Free Cash FlowTrailing 4 quarters | $378.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $100.4M | $-2.7B | ||
| Q3 25 | $315.0M | $-770.8M | ||
| Q2 25 | — | $-713.1M | ||
| Q1 25 | — | $-339.3M | ||
| Q4 24 | $-141.1M | $-2.6B | ||
| Q3 24 | $108.3M | $-669.8M | ||
| Q2 24 | — | $-932.5M |
| Q1 26 | — | — | ||
| Q4 25 | $99.8M | $-2.9B | ||
| Q3 25 | $313.4M | $-791.8M | ||
| Q2 25 | — | $-803.8M | ||
| Q1 25 | — | $-352.3M | ||
| Q4 24 | $-141.6M | $-2.7B | ||
| Q3 24 | $107.1M | $-682.3M | ||
| Q2 24 | — | $-945.3M |
| Q1 26 | — | — | ||
| Q4 25 | 29.5% | -1076.0% | ||
| Q3 25 | 110.9% | -297.4% | ||
| Q2 25 | — | -323.5% | ||
| Q1 25 | — | -161.8% | ||
| Q4 24 | -69.2% | -1237.8% | ||
| Q3 24 | 57.6% | -338.0% | ||
| Q2 24 | — | -504.9% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 52.7% | ||
| Q3 25 | 0.6% | 7.9% | ||
| Q2 25 | — | 36.5% | ||
| Q1 25 | — | 6.0% | ||
| Q4 24 | 0.2% | 25.0% | ||
| Q3 24 | 0.7% | 6.2% | ||
| Q2 24 | — | 6.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.80× | — | ||
| Q3 25 | 2.23× | -17.41× | ||
| Q2 25 | — | -18.68× | ||
| Q1 25 | — | -29.07× | ||
| Q4 24 | -4.75× | — | ||
| Q3 24 | 1.19× | -46.33× | ||
| Q2 24 | — | -62.57× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
