Meta Platforms (META) Return on Capital Employed [ROCE] (2012 - 2026)
Meta Platforms (META) reported Return on Capital Employed [ROCE] of 19.78% for Q3 2026, down 11.44 percentage points from 31.22% a year earlier and down 3.96 percentage points from the prior quarter.
Powered by 
Analysis
Meta Platforms (META) Return on Capital Employed [ROCE] (2012 - 2026) Analysis & Trends
For FY2025, Meta Platforms posted Return on Capital Employed [ROCE] of 29.83%, down 1.82 percentage points from FY2024.
- Return on Capital Employed [ROCE] has a five-year change of +4.96 percentage points (FY2020 to FY2025).
- By year, Return on Capital Employed [ROCE] came in at 31.65% in FY2024 (+5.04 pp), 26.61% in FY2023 (+7.16 pp), 19.45% in FY2022 (-13.59 pp) and 33.04% in FY2021 (+8.17 pp).
- The Q3 2026 figure ranks as the lowest quarterly Return on Capital Employed [ROCE] since Q2 2023.
- Year over year, Return on Capital Employed [ROCE] has now declined in each of the last four quarters, with an average year-over-year change of -1.52 percentage points over the last eight quarters.
- The high point for year-over-year Return on Capital Employed [ROCE] in five years was Q2 2024 (a gain of 12.15 percentage points); the low point was Q4 2022 (a drop of 13.24 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 23.74% (Q2 2026), 26.53% (Q1 2026) and 28.41% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn | 18.96% |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn | 19.78% |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn | 33.64% |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn | 2.15% |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn | 15.96% |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn | 13.04% |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn | 85.44% |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn | 20.03% |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - | 96.01% |
| 10 | PDD Holdings | 116.11 Bn | -127.94 Bn | 9.48 Bn | 22.60% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 19.78% |
| 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% |
API Access
Meta Platforms 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=META&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "META", "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=META&period=max&api_key=YOUR_API_KEY");
const data = await res.json();