Bullish (BLSH) vs DLocal (DLO)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
DLocal (DLO) has outperformed Bullish (BLSH) over the past year, gaining 4.4% versus a loss of 51.1%. Bullish is the larger company by market cap ($4.83 billion vs $4.35 billion), about 1.1 times the size, while DLocal is growing revenue faster (+46.6% vs -2.2%). On valuation, DLocal trades at a lower forward P/E (12.9x vs 44.8x for Bullish).
DLocal pays a dividend yielding 1.31%, while Bullish does not currently pay one. DLocal converts more of its revenue into profit, with a net margin of 18.0% versus -0.3%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | BLSH | DLO |
|---|---|---|
| Share price | $31.82 | $14.77 |
| Market cap | $4.83B | $4.35B |
| 1-day change | -4.67% | +1.65% |
| YTD return | -15.98% | +4.46% |
| 1-year return | -51.12% | +4.38% |
| 5-year return | — | -75.90% |
| P/E ratio (TTM) | — | 21.72 |
| Forward P/E | 44.82 | 12.91 |
| EPS (TTM) | $-9.70 | $0.68 |
| Dividend yield | 0.00% | 1.31% |
| Annual dividend | $0.00 | $0.194 |
| Revenue (latest FY) | $244.81B | $1.09B |
| Revenue growth (YoY) | -2.15% | +46.60% |
| Net income (latest FY) | $-764.68M | $196.80M |
| Gross margin | 0.03% | 36.83% |
| Operating margin | — | 20.11% |
| Net margin | -0.31% | 18.00% |
| 52-week high | $70.50 | $16.78 |
| 52-week low | $20.55 | $10.64 |
| Distance from 52-week high | -54.87% | -11.98% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | +28.28% | +27.29% |
| Average volume | 1.49M | 2.02M |
| Shares outstanding | 151.65M | 178.04M |
| Employees | 394 | 1,274 |
| Sector | Finance | Consumer Discretionary |
| Industry | Finance: Consumer Services | Business Services |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- DLO has outperformed BLSH by 55.5 percentage points over the past year.
- DLocal offers a meaningfully higher dividend yield (1.31% vs 0.00%).
- DLocal is more profitable, keeping 18.0 cents of every revenue dollar as net income versus -0.3 cents for Bullish.
- DLocal grew revenue faster in its latest fiscal year (+46.60% vs -2.15%).
- The two companies sit in different sectors: Bullish in Finance and DLocal in Consumer Discretionary.
About Bullish
BLSH stock →Bullish, a global digital asset platform that provides market infrastructure and information services in United States. The company operates Bullish Exchange, a digital assets spot and derivatives exchange that integrates a central limit order book matching engine with automated market making to provide deep and predictable liquidity.
Finance · Finance: Consumer Services · 394 employees
About DLocal
DLO stock →DLocal Limited, together with its subsidiaries, provides payment processing services worldwide. The company offers a robust pay-in solution to help global merchants expand their online presence and receive payments, including international and local cards, online bank transfers, direct debit, cash, and hundreds of alternative payment methods (APMs).
Consumer Discretionary · Business Services · 1,274 employees
BLSH vs DLO FAQ
Which is bigger, Bullish or DLocal?
Bullish (BLSH) is larger, with a market capitalization of $4.83B compared with $4.35B for DLocal (DLO).
Which stock has performed better over the past year, BLSH or DLO?
DLO returned +4.38% over the past 12 months, compared with -51.12% for BLSH (price return, excluding dividends). Past performance does not predict future results.
Which pays a higher dividend, Bullish or DLocal?
DLocal pays a dividend yielding 1.31%, while Bullish does not currently pay a regular dividend.
Are Bullish and DLocal in the same industry?
No. Bullish is in the Finance sector, while DLocal is in Consumer Discretionary.