Udemy (UDMY) Return on Capital Employed (2021 - 2026)
Udemy's (UDMY) quarterly Return on Capital Employed came in at 5.81% in Q1 2026, up 2939.0% year-on-year from 0.19% in Q1 2025, and down 204.83% quarter-over-quarter from 1.9% in Q4 2025.
Udemy (UDMY) Return on Capital Employed (2021 - 2026) Analysis & Trends
Udemy has disclosed Return on Capital Employed across 6 years of filings, most recently posting 5.81% for Q1 2026.
- Return on Capital Employed for Q1 2026 came in at 5.81%, up 2939.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 5.81% (up 2939.0% YoY), and the FY2025 annual result was 1.96%, up 3041.0% from the prior year.
- Return on Capital Employed came in at 5.81% for Q1 2026 at Udemy, down from 1.9% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 1.9% in Q4 2025 to a low of 51.22% in Q2 2023.
- The 5-year median for Return on Capital Employed is 33.98% (2023), against an average of 30.82%.
- Across the five-year window, Return on Capital Employed plunged 2852 bps in 2023 and soared 4068 bps in 2025, its largest moves.
- Udemy's Return on Capital Employed stood at 43.56% in 2022, then gained by 22 bps to 33.98% in 2023, then dropped by 25 bps to 42.58% in 2024, then jumped by 96 bps to 1.9% in 2025, then sank by 205 bps to 5.81% in 2026.
- The last three Return on Capital Employed figures came in at 5.81% (Q1 2026), 1.9% (Q4 2025), and 5.09% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 7.03 Bn | 6.99 Bn | 22.18 Mn | 46.13% |
| 2 | Laureate Education | 5.22 Bn | 5.06 Bn | -16.39 Mn | 23.56% |
| 3 | Graham Holdings | 5.09 Bn | 4.08 Bn | 841.00 Mn | 3.48% |
| 4 | Covista | 4.40 Bn | 4.40 Bn | 276.31 Mn | 4.10% |
| 5 | Stride | 4.17 Bn | 3.36 Bn | 231.57 Mn | 19.19% |
| 6 | Grand Canyon Education | 3.94 Bn | 3.69 Bn | 244.77 Mn | 7.87% |
| 7 | McGraw Hill | 2.19 Bn | 1.94 Bn | 388.89 Mn | 6.44% |
| 8 | Universal Technical Institute | 2.14 Bn | 1.97 Bn | 103.97 Mn | 8.69% |
| 9 | Perdoceo Education | 2.13 Bn | 1.45 Bn | 174.68 Mn | 18.63% |
| 10 | Udemy | 672.44 Mn | 419.78 Mn | 129.27 Mn | -5.81% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -5.81% |
| Dec 31, 2025 | -1.90% |
| Sep 30, 2025 | -5.09% |
| Jun 30, 2025 | -17.43% |
| Mar 31, 2025 | -35.19% |
| Dec 31, 2024 | -42.58% |
| Sep 30, 2024 | -43.52% |
| Jun 30, 2024 | -33.92% |
| Mar 31, 2024 | -30.75% |
| Dec 31, 2023 | -33.98% |
| Sep 30, 2023 | -43.85% |
| Jun 30, 2023 | -51.22% |
| Mar 31, 2023 | -50.23% |
| Dec 31, 2022 | -43.56% |
| Sep 30, 2022 | -36.33% |
| Jun 30, 2022 | -26.85% |
| Mar 31, 2022 | -21.71% |
| Dec 31, 2021 | -44.89% |