Growth Metrics

Udemy (UDMY) Return on Invested Capital (2021 - 2025)

Udemy's Return on Invested Capital history spans 5 years, with the latest figure at 0.01% for Q4 2025.

  • For Q4 2025, Return on Invested Capital rose 47.0% year-over-year to 0.01%; the TTM value through Dec 2025 reached 0.01%, up 47.0%, while the annual FY2025 figure was 0.01%, 33.0% up from the prior year.
  • Return on Invested Capital for Q4 2025 was 0.01% at Udemy, down from 0.18% in the prior quarter.
  • Across five years, Return on Invested Capital topped out at 0.18% in Q3 2025 and bottomed at 1.29% in Q4 2021.
  • The 5-year median for Return on Invested Capital is 0.37% (2024), against an average of 0.36%.
  • The largest YoY upside for Return on Invested Capital was 85bps in 2022 against a maximum downside of -52bps in 2022.
  • A 5-year view of Return on Invested Capital shows it stood at 1.29% in 2021, then surged by 66bps to 0.44% in 2022, then rose by 19bps to 0.36% in 2023, then plummeted by -33bps to 0.48% in 2024, then soared by 98bps to 0.01% in 2025.
  • Per Business Quant, the three most recent readings for UDMY's Return on Invested Capital are 0.01% (Q4 2025), 0.18% (Q3 2025), and 0.22% (Q2 2025).