Meta Platforms (META) Return on Capital Employed (2012 - 2026)
Meta Platforms (META) posted quarterly Return on Capital Employed of 23.74% for Q2 2026, down 773.0% year-over-year from 3.53% in Q2 2025, and down 10.55% quarter-over-quarter from 26.53% in Q1 2026.
Analysis
Meta Platforms (META) Return on Capital Employed (2012 - 2026) Analysis & Trends
Meta Platforms (META) has reported Return on Capital Employed for 15 consecutive years, with 23.74% the latest figure, recorded in Q2 2026.
- In Q2 2026, Return on Capital Employed fell 773.0% year-over-year to 23.74%; the TTM figure through Jun 2026 stood at 23.74% (down 773.0% YoY), while the FY2025 annual figure was 29.83%, down 182.0% from the prior year.
- Return on Capital Employed retreated to 23.74% in Q2 2026 per META's latest filing, from 26.53% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 31.46% in Q2 2025 and bottomed at 17.31% in Q1 2023.
- Historically, Return on Capital Employed has averaged 25.92% across 5 years, with a median of 27.24% in 2022.
- Annual changes were most pronounced in 2022 — Return on Capital Employed sank 1324 bps — and 2024, when it soared 1215 bps.
- Meta Platforms' Return on Capital Employed stood at 18.64% in 2022, then surged by 31 bps to 24.48% in 2023, then gained by 22 bps to 29.82% in 2024, then decreased by 5 bps to 28.41% in 2025, then decreased by 16 bps to 23.74% in 2026.
- Business Quant data shows META's Return on Capital Employed at 23.74% in Q2 2026, 26.53% in Q1 2026, and 28.41% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 21.49% |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 23.74% |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | - |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | -2.94% |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 24.36% | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | 6.72% |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | 12.90% |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | 5.48% | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 26.93% |
| 10 | Snap | 9.26 Bn | 6.60 Bn | 931.11 Mn | -5.35% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.74% |
| Mar 31, 2026 | 26.53% |
| Dec 31, 2025 | 28.41% |
| Sep 30, 2025 | 31.22% |
| Jun 30, 2025 | 31.46% |
| Mar 31, 2025 | 29.94% |
| Dec 31, 2024 | 29.82% |
| Sep 30, 2024 | 29.71% |
| Jun 30, 2024 | 29.47% |
| Mar 31, 2024 | 26.92% |
| Dec 31, 2023 | 24.48% |
| Sep 30, 2023 | 20.32% |
| Jun 30, 2023 | 17.31% |
| Mar 31, 2023 | 17.31% |
| Dec 31, 2022 | 18.64% |
| Sep 30, 2022 | 23.17% |
| Jun 30, 2022 | 27.55% |
| Mar 31, 2022 | 30.48% |
| Dec 31, 2021 | 31.88% |
| Sep 30, 2021 | 30.83% |