Meta Platforms (META) Return on Invested Capital [ROIC] (2013 - 2026)
Meta Platforms (META) recorded Return on Invested Capital [ROIC] of 21.70% in Q3 2026, down 3.81 percentage points from 25.50% a year earlier but up 0.80 percentage points from the prior quarter.
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Analysis
Meta Platforms (META) Return on Invested Capital [ROIC] (2013 - 2026) Analysis & Trends
For FY2025, Meta Platforms reported Return on Invested Capital [ROIC] of 24.04%, down 7.93 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has a three-year change of +6.15 percentage points (FY2022 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 31.97% in FY2024 (+6.88 pp), 25.09% in FY2023 (+7.20 pp) and 17.89% in FY2022.
- Quarterly Return on Invested Capital [ROIC] has ranged from 15.90% in Q2 2023 to 32.03% in Q2 2025 over the past five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] has declined for five consecutive quarters, with an average year-over-year change of -2.26 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 13.43 percentage points in Q2 2024, against a drop of 11.13 percentage points in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 20.90% (Q2 2026), 24.21% (Q1 2026) and 23.49% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn | 16.69% |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn | 21.70% |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn | 29.22% |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn | 2.39% |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn | - |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn | 12.36% |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn | 74.11% |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn | - |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - | 75.14% |
| 10 | PDD Holdings | 116.11 Bn | -127.94 Bn | 9.48 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 21.70% |
| Jun 30, 2026 | 20.90% |
| Mar 31, 2026 | 24.21% |
| Dec 31, 2025 | 23.49% |
| Sep 30, 2025 | 25.50% |
| Jun 30, 2025 | 32.03% |
| Mar 31, 2025 | 30.60% |
| Dec 31, 2024 | 30.25% |
| Sep 30, 2024 | 29.43% |
| Jun 30, 2024 | 29.33% |
| Mar 31, 2024 | 26.48% |
| Dec 31, 2023 | 23.16% |
| Sep 30, 2023 | 18.96% |
| Jun 30, 2023 | 15.90% |
| Mar 31, 2023 | 16.11% |
| Dec 31, 2022 | 17.28% |
| Dec 31, 2013 | 10.71% |
| Sep 30, 2013 | 7.98% |
| Jun 30, 2013 | 4.24% |
| Mar 31, 2013 | 0.57% |
API Access
Meta Platforms 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=META&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=META&period=max&api_key=YOUR_API_KEY");
const data = await res.json();