diff --git a/crates/evm/traces/src/decoder/precompiles.rs b/crates/evm/traces/src/decoder/precompiles.rs
index 5a8048c77240b..f0d7fe94d47b8 100644
--- a/crates/evm/traces/src/decoder/precompiles.rs
+++ b/crates/evm/traces/src/decoder/precompiles.rs
@@ -94,11 +94,13 @@ pub(super) fn decode(trace: &CallTrace, _chain_id: u64) -> Option<DecodedCallTra
         _ => return None,
     };
 
+    let return_data =
+        if trace.address == IDENTITY { Some(hex::encode_prefixed(&trace.output)) } else { None };
+
     Some(DecodedCallTrace {
         label: Some("PRECOMPILES".to_string()),
         call_data: Some(DecodedCallData { signature: signature.to_string(), args }),
-        // TODO: Decode return data too.
-        return_data: None,
+        return_data,
     })
 }