Snap (SNAP) Return on Capital Employed [ROCE] (2017 - 2026)
Snap's Return on Capital Employed [ROCE] was -5.35% in Q2 2026, up 4.88 percentage points from -10.23% a year earlier and up 1.12 percentage points from the prior quarter.
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Analysis
Snap (SNAP) Return on Capital Employed [ROCE] (2017 - 2026) Analysis & Trends
For FY2025, Return on Capital Employed [ROCE] at Snap came in at -8.16%, up 3.57 percentage points from FY2024.
- Return on Capital Employed [ROCE] has now increased for three consecutive years, with a five-year change of +14.23 percentage points (FY2020 to FY2025).
- In earlier years, Return on Capital Employed [ROCE] was -11.74% in FY2024 (+8.64 pp), -20.37% in FY2023 (+0.88 pp), -21.25% in FY2022 (-8.31 pp) and -12.93% in FY2021 (+9.45 pp).
- The Q2 2026 figure marks the highest quarterly Return on Capital Employed [ROCE] in data going back to Q1 2017.
- Compared with a year earlier, Return on Capital Employed [ROCE] has increased for ten straight quarters, with an average year-over-year change of +6.66 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Capital Employed [ROCE] over five years was Q3 2021 (a gain of 11.96 percentage points); the worst was Q1 2023 (a drop of 12.63 percentage points).
- Per Business Quant data, SNAP's Return on Capital Employed [ROCE] in the three quarters before Q2 2026 was -6.47% (Q1 2026), -8.39% (Q4 2025) and -9.71% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn | 21.49% |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn | 23.74% |
| 3 | Netflix | 292.71 Bn | 252.90 Bn | 6.52 Bn | 30.16% |
| 4 | Alibaba Group Holding | 251.74 Bn | 65.51 Bn | 15.11 Bn | 2.13% |
| 5 | Shopify | 221.57 Bn | 198.76 Bn | 1.71 Bn | 14.37% |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn | 13.97% |
| 7 | Booking Holdings | 124.83 Bn | 57.88 Bn | - | 121.68% |
| 8 | PDD Holdings | 113.76 Bn | -130.01 Bn | 9.45 Bn | 22.53% |
| 9 | Spotify Technology | 106.73 Bn | 64.23 Bn | 1.86 Bn | 20.20% |
| 10 | Snap | 10.47 Bn | -945.18 Mn | 931.11 Mn | -5.35% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -5.35% |
| Mar 31, 2026 | -6.47% |
| Dec 31, 2025 | -8.39% |
| Sep 30, 2025 | -9.71% |
| Jun 30, 2025 | -10.23% |
| Mar 31, 2025 | -9.67% |
| Dec 31, 2024 | -12.07% |
| Sep 30, 2024 | -15.84% |
| Jun 30, 2024 | -19.67% |
| Mar 31, 2024 | -21.17% |
| Dec 31, 2023 | -20.84% |
| Sep 30, 2023 | -21.50% |
| Jun 30, 2023 | -21.82% |
| Mar 31, 2023 | -21.68% |
| Dec 31, 2022 | -20.10% |
| Sep 30, 2022 | -15.31% |
| Jun 30, 2022 | -11.26% |
| Mar 31, 2022 | -9.06% |
| Dec 31, 2021 | -10.85% |
| Sep 30, 2021 | -12.57% |
API Access
Snap 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=SNAP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "SNAP", "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=SNAP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();