FiscalNote Holdings (NOTE) Return on Invested Capital [ROIC] (2022 - 2026)
FiscalNote Holdings' Return on Invested Capital [ROIC] was -70.55% in Q2 2026, down 55.48 percentage points from -15.07% a year earlier and down 24.92 percentage points from the prior quarter.
Powered by 
Analysis
FiscalNote Holdings (NOTE) Return on Invested Capital [ROIC] (2022 - 2026) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at FiscalNote Holdings came in at -22.32%, down 10.48 percentage points from FY2024.
- Return on Invested Capital [ROIC] shows a three-year change of +104.00 percentage points (FY2022 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was -11.84% in FY2024 (+22.30 pp), -34.14% in FY2023 (+92.18 pp) and -126.32% in FY2022.
- The Q2 2026 figure marks the lowest quarterly Return on Invested Capital [ROIC] in data going back to Q4 2022.
- Compared with a year earlier, Return on Invested Capital [ROIC] has declined for three straight quarters, with an average year-over-year change of -4.71 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q4 2024 (a gain of 22.54 percentage points); the worst was Q2 2026 (a drop of 55.48 percentage points).
- Per Business Quant data, NOTE's Return on Invested Capital [ROIC] in the three quarters before Q2 2026 was -45.64% (Q1 2026), -24.45% (Q4 2025) and -17.00% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 453.55 Bn | 422.61 Bn | 1.64 Bn | - |
| 2 | Oracle | 430.98 Bn | 303.54 Bn | - | 10.99% |
| 3 | Sap Se | 256.23 Bn | 177.31 Bn | 8.40 Bn | 32.24% |
| 4 | Salesforce | 193.08 Bn | 148.96 Bn | 8.70 Bn | 9.01% |
| 5 | ServiceNow | 138.94 Bn | 117.40 Bn | 2.82 Bn | - |
| 6 | Automatic Data Processing | 102.51 Bn | 84.63 Bn | 2.51 Bn | -46.53% |
| 7 | Intuit | 75.44 Bn | 54.79 Bn | 3.44 Bn | 16.71% |
| 8 | Relx | 60.79 Bn | 57.76 Bn | - | - |
| 9 | Strategy | 56.32 Bn | 49.31 Bn | 81.55 Mn | -73.94% |
| 10 | FiscalNote Holdings | 844,272.34 | -19.74 Mn | 15.61 Mn | -70.55% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -70.55% |
| Mar 31, 2026 | -45.64% |
| Dec 31, 2025 | -24.45% |
| Sep 30, 2025 | -17.00% |
| Jun 30, 2025 | -15.07% |
| Mar 31, 2025 | -14.55% |
| Dec 31, 2024 | -12.20% |
| Sep 30, 2024 | -26.27% |
| Jun 30, 2024 | -28.44% |
| Mar 31, 2024 | -31.17% |
| Dec 31, 2023 | -34.74% |
| Sep 30, 2023 | -25.63% |
| Jun 30, 2023 | -34.23% |
| Mar 31, 2023 | -32.62% |
| Dec 31, 2022 | -26.82% |
API Access
FiscalNote Holdings 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=NOTE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "NOTE", "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=NOTE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();