Growth Metrics

Udemy (UDMY) Return on Capital Employed (2021 - 2026)

Quarterly results put Return on Capital Employed at 5.81% for Q1 2026, up 2939.0% from a year ago — trailing twelve months through Mar 2026 was 5.81% (up 2939.0% YoY), and the annual figure for FY2025 was 1.96%, up 3041.0%.

Udemy has reported Return on Capital Employed over the past 6 years, most recently at 5.81% for Q1 2026.

  • Return on Capital Employed reached 5.81% in Q1 2026 per UDMY's latest filing, down from 1.9% in the prior quarter.
  • Across five years, Return on Capital Employed topped out at 1.9% in Q4 2025 and bottomed at 51.22% in Q2 2023.
  • Median Return on Capital Employed over the past 5 years was 33.98% (2023), compared with a mean of 30.82%.
  • The largest annual shift saw Return on Capital Employed crashed -2852bps in 2023 before it soared 4068bps in 2025.
  • Over 5 years, Return on Capital Employed stood at 43.56% in 2022, then grew by 22bps to 33.98% in 2023, then dropped by -25bps to 42.58% in 2024, then skyrocketed by 96bps to 1.9% in 2025, then crashed by -205bps to 5.81% in 2026.
  • Business Quant data shows Return on Capital Employed for UDMY at 5.81% in Q1 2026, 1.9% in Q4 2025, and 5.09% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 51Talk Online Education 9.59 Bn 9.55 Bn 22.18 Mn 46.13%
2 Graham Holdings 4.73 Bn 3.72 Bn 841.00 Mn 3.48%
3 Laureate Education 4.69 Bn 4.53 Bn -16.39 Mn 23.56%
4 Grand Canyon Education 4.19 Bn 3.94 Bn 244.77 Mn 7.87%
5 Stride 3.77 Bn 2.96 Bn 231.57 Mn 19.19%
6 Perdoceo Education 2.11 Bn 1.43 Bn 174.68 Mn 18.63%
7 Universal Technical Institute 2.01 Bn 1.84 Bn 103.97 Mn 8.69%
8 Strategic Education 1.71 Bn 1.55 Bn - 9.78%
9 Lincoln Educational Services 1.46 Bn 1.44 Bn 120.06 Mn 8.38%
10 Udemy 672.44 Mn 419.78 Mn 129.27 Mn -5.81%

Historic Data

Download Data 🔒
DateValue
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%