Dave (DAVE) Return on Invested Capital [ROIC] (2022 - 2026)
Dave (DAVE) posted Return on Invested Capital [ROIC] of 65.17% for Q2 2026, up 43.42 percentage points from 21.75% a year earlier and up 15.63 percentage points from the prior quarter.
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Analysis
Dave (DAVE) Return on Invested Capital [ROIC] (2022 - 2026) Analysis & Trends
For FY2025, Dave's Return on Invested Capital [ROIC] came in at 44.66%, up 42.26 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has increased for three consecutive years, with a three-year change of +159.18 percentage points (FY2022 to FY2025).
- In prior years, Dave's Return on Invested Capital [ROIC] was 2.40% in FY2024 (+43.33 pp), -40.93% in FY2023 (+73.59 pp) and -114.52% in FY2022.
- The Q2 2026 figure stands as the highest quarterly Return on Invested Capital [ROIC] in data going back to Q1 2022.
- On a year-over-year basis, Return on Invested Capital [ROIC] has increased in each of the last 12 quarters, with an average year-over-year change of +38.07 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was Q1 2024, with a gain of 87.83 percentage points; the weakest was Q1 2023, with a drop of 66.37 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior quarters was 49.54% (Q1 2026), 38.57% (Q4 2025) and 34.49% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 48.27 Bn | 5.08 Bn | - | 2.41% |
| 2 | PayPal Holdings | 45.51 Bn | 3.74 Bn | - | 15.87% |
| 3 | Block | 44.67 Bn | 15.93 Bn | 3.17 Bn | 2.04% |
| 4 | Iren | 31.78 Bn | 19.37 Bn | 103.89 Mn | - |
| 5 | Corpay | 25.91 Bn | 16.11 Bn | - | 12.44% |
| 6 | Fiserv | 23.59 Bn | 20.29 Bn | 2.90 Bn | 7.03% |
| 7 | Global Payments | 20.83 Bn | -735.18 Mn | 2.03 Bn | 2.37% |
| 8 | Bitmine Immersion Technologies | 15.23 Bn | 12.61 Bn | 40.81 Mn | - |
| 9 | Guidewire Software | 12.47 Bn | 9.03 Bn | 269.68 Mn | 6.58% |
| 10 | Dave | 3.97 Bn | 3.32 Bn | 160.49 Mn | 65.17% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 65.17% |
| Mar 31, 2026 | 49.54% |
| Dec 31, 2025 | 38.57% |
| Sep 30, 2025 | 34.49% |
| Jun 30, 2025 | 21.75% |
| Mar 31, 2025 | 12.30% |
| Dec 31, 2024 | 1.95% |
| Sep 30, 2024 | -6.38% |
| Jun 30, 2024 | -12.11% |
| Mar 31, 2024 | 0.00% |
| Dec 31, 2023 | -44.47% |
| Sep 30, 2023 | -60.22% |
| Jun 30, 2023 | -74.30% |
| Mar 31, 2023 | -87.83% |
| Dec 31, 2022 | -89.92% |
| Sep 30, 2022 | -68.99% |
| Jun 30, 2022 | -42.77% |
| Mar 31, 2022 | -21.45% |
API Access
Dave Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=DAVE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "DAVE", "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-invested-capital-%5Broic%5D&ticker=DAVE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();