cust.co / Compare / DLocal vs Morningstar

DLocal vs Morningstar - NRR head-to-head

Side-by-side Net Revenue Retention comparison sourced from SEC filings and earnings releases. Both compete in Fintech SaaS. Both at Public stage.

DLocal (DLO)
145.0%
FY2025-Q4 · Fintech SaaS
vs
Morningstar (MORN)
101.0%
FY-2025 · Fintech SaaS
DLocal leads by +44.0pp on latest NRR (145.0% vs 101.0%).

NRR over time

94%109%125%141%156% FY-2024FY2024-Q4FY2025-Q1FY2025-Q3FY2025-Q4FY-2021FY-2025 NRR DLocal Morningstar DLocal — FY-2024: 140% DLocal — FY2024-Q4: 140% DLocal — FY2025-Q1: 144% DLocal — FY2025-Q3: 149% DLocal — FY2025-Q4: 145% Morningstar — FY-2021: 127% Morningstar — FY-2025: 101%

DLocal hit a higher all-time peak (149.0% in FY2025-Q3).

Stat-by-stat

Metric DLocal Morningstar
Latest NRR 145.0% 101.0%
All-time peak NRR 149.0% 127.0%
All-time low NRR 140.0% 101.0%
QoQ change -4.0pp -26.0pp
YoY change +5.0pp -
3-year change - -
Disclosures tracked 5 2

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