Bullish (BLSH) Return on Capital Employed [ROCE] (2025 - 2026)
Bullish's Return on Capital Employed [ROCE] came in at 4.10% for Q2 2026, up 0.89 percentage points from the prior quarter.
Powered by 
Analysis
Bullish (BLSH) Return on Capital Employed [ROCE] (2025 - 2026) Analysis & Trends
For FY2025, Bullish's Return on Capital Employed [ROCE] was 7.55%, down 4.14 percentage points from FY2024.
- Going back by year, Return on Capital Employed [ROCE] was 11.68% in FY2024.
- Business Quant data shows BLSH's Return on Capital Employed [ROCE] at 3.21% (Q1 2026), 3.63% (Q4 2025) and 3.80% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 49.15 Bn | 7.38 Bn | - | 17.89% |
| 2 | Block | 45.94 Bn | 17.20 Bn | 3.17 Bn | 4.02% |
| 3 | Coinbase Global | 43.38 Bn | 184.17 Mn | - | 3.03% |
| 4 | Corpay | 26.82 Bn | 17.02 Bn | - | 20.94% |
| 5 | Fiserv | 26.51 Bn | 23.21 Bn | 2.90 Bn | 8.26% |
| 6 | Global Payments | 22.01 Bn | 453.00 Mn | 2.03 Bn | 2.55% |
| 7 | Iren | 18.95 Bn | 6.55 Bn | 103.89 Mn | -11.25% |
| 8 | Guidewire Software | 15.50 Bn | 12.06 Bn | 269.68 Mn | 7.92% |
| 9 | Bitmine Immersion Technologies | 12.97 Bn | 10.35 Bn | 40.81 Mn | -82.57% |
| 10 | Bullish | 4.25 Bn | -521.86 Mn | 15.53 Mn | 8.70% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.70% |
| Mar 31, 2026 | 7.25% |
| Dec 31, 2025 | 6.26% |
| Sep 30, 2025 | 6.67% |
API Access
Bullish Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=BLSH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "BLSH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=BLSH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();