Alphabet Inc. (GOOGL) Return on Capital Employed (2015 - 2026)

Alphabet (GOOGL) has reported Return on Capital Employed for 12 consecutive years, with 21.49% the latest figure, recorded in Q2 2026.

• In Q2 2026, Return on Capital Employed fell 874.0% year-over-year to 21.49%; the TTM figure through Jun 2026 stood at 21.49% (down 874.0% YoY), while the FY2025 annual figure was 30.72%, down 261.0% from the prior year.
• Return on Capital Employed retreated to 21.49% in Q2 2026 per GOOGL's latest filing, from 25.65% in the prior quarter.
• Across five years, Return on Capital Employed topped out at 32.01% in Q4 2024 and bottomed at 21.49% in Q2 2026.
• Historically, Return on Capital Employed has averaged 27.6% across 5 years, with a median of 27.83% in 2022.
• Annual changes were most pronounced in 2022 — Return on Capital Employed surged 926 bps — and 2026, when it sank 874 bps.
• Alphabet's Return on Capital Employed stood at 25.59% in 2022, then advanced by 4 bps to 26.53% in 2023, then climbed by 21 bps to 32.01% in 2024, then fell by 13 bps to 27.86% in 2025, then declined by 23 bps to 21.49% in 2026.
• Business Quant data shows GOOGL's Return on Capital Employed at 21.49% in Q2 2026, 25.65% in Q1 2026, and 27.86% in Q4 2025.