An internally-cooled diaphragm for an internally-cooled compressor is provided. The internally-cooled diaphragm may include an annular body configured to cool a process fluid flowing through a fluid pathway of the internally-cooled compressor. The annular body may define a return channel of the fluid pathway, and a cooling pathway in thermal communication with the fluid pathway. The return channel may be configured to at least partially diffuse and de-swirl the process fluid flowing therethrough, and the cooling pathway may be configured to receive a coolant to absorb heat from the process fluid flowing through the return channel.