Strategy annual ebitda margin
2009
2010
2011
2012
2013
2014
2015
2016
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2018
2019
2020
2021
2022
2023
2024
2025
Strategy EBITDA Margin Growth & History (MSTR)
Strategy's ebitda margin was −1,135.48% for fiscal 2025.
View full Strategy company overviewStrategy annual ebitda margin history
| Fiscal year | Period ended | EBITDA margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | −1,135.48% | −739.50 pp |
| 2024 | 2024-12-31 | −395.98% | −375.72 pp |
| 2023 | 2023-12-31 | −20.26% | +233.09 pp |
| 2022 | 2022-12-31 | −253.35% | −101.97 pp |
| 2021 | 2021-12-31 | −151.38% | −151.31 pp |
| 2020 | 2020-12-31 | −0.06% | −1.62 pp |
| 2019 | 2019-12-31 | 1.56% | +0.02 pp |
| 2018 | 2018-12-31 | 1.54% | −16.07 pp |
| 2017 | 2017-12-31 | 17.62% | −7.59 pp |
| 2016 | 2016-12-31 | 25.21% | −4.09 pp |
| 2015 | 2015-12-31 | 29.30% | +24.05 pp |
| 2014 | 2014-12-31 | 5.24% | −2.72 pp |
| 2013 | 2013-12-31 | 7.96% | −1.86 pp |
| 2012 | 2012-12-31 | 9.82% | +2.72 pp |
| 2011 | 2011-12-31 | 7.10% | −5.39 pp |
| 2010 | 2010-12-31 | 12.49% | −11.68 pp |
| 2009 | 2009-12-31 | 24.17% | — |
Strategy quarterly ebitda margin
Q3.10
Q1.11
Q2.11
Q3.11
Q1.12
Q2.12
Q3.12
Q4.12
Q1.13
Q2.13
Q3.13
Q4.13
Q1.14
Q2.14
Q3.14
Q4.14
Q1.15
Q2.15
Q3.15
Q4.15
Q1.16
Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | EBITDA margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | −6,798.02% | −19062.28 pp |
| Q1 2026 | 2026-03-31 | −11,634.46% | −6308.94 pp |
| Q4 2025 | 2025-12-31 | −14,180.39% | −13342.51 pp |
| Q3 2025 | 2025-09-30 | 3,026.66% | +3394.20 pp |
| Q2 2025 | 2025-06-30 | 12,264.26% | +12440.70 pp |
| Q1 2025 | 2025-03-31 | −5,325.52% | −5151.41 pp |
| Q4 2024 | 2024-12-31 | −837.88% | −807.62 pp |
| Q3 2024 | 2024-09-30 | −367.54% | −350.16 pp |
| Q2 2024 | 2024-06-30 | −176.44% | −156.94 pp |
| Q1 2024 | 2024-03-31 | −174.11% | −160.27 pp |
| Q4 2023 | 2023-12-31 | −30.26% | +112.90 pp |
| Q3 2023 | 2023-09-30 | −17.38% | −23.93 pp |
| Q2 2023 | 2023-06-30 | −19.50% | +730.91 pp |
| Q1 2023 | 2023-03-31 | −13.84% | +126.39 pp |
| Q4 2022 | 2022-12-31 | −143.16% | −42.98 pp |
| Q3 2022 | 2022-09-30 | 6.55% | +43.28 pp |
| Q2 2022 | 2022-06-30 | −750.41% | −422.50 pp |
| Q1 2022 | 2022-03-31 | −140.24% | +6.52 pp |
| Q4 2021 | 2021-12-31 | −100.17% | −103.51 pp |
| Q3 2021 | 2021-09-30 | −36.74% | −23.58 pp |
| Q2 2021 | 2021-06-30 | −327.90% | −336.41 pp |
| Q1 2021 | 2021-03-31 | −146.76% | −149.17 pp |
| Q4 2020 | 2020-12-31 | 3.34% | −6.22 pp |
| Q3 2020 | 2020-09-30 | −13.15% | −18.52 pp |
| Q2 2020 | 2020-06-30 | 8.50% | +10.93 pp |
| Q1 2020 | 2020-03-31 | 2.41% | +9.98 pp |
| Q4 2019 | 2019-12-31 | 9.56% | — |
| Q3 2019 | 2019-09-30 | 5.36% | — |
| Q2 2019 | 2019-06-30 | −2.43% | −1.42 pp |
| Q1 2019 | 2019-03-31 | −7.57% | −10.83 pp |
| Q2 2018 | 2018-06-30 | −1.02% | −16.22 pp |
| Q1 2018 | 2018-03-31 | 3.26% | −17.46 pp |
| Q4 2017 | 2017-12-31 | 15.15% | −17.31 pp |
| Q3 2017 | 2017-09-30 | 19.56% | −6.82 pp |
| Q2 2017 | 2017-06-30 | 15.20% | −5.39 pp |
| Q1 2017 | 2017-03-31 | 20.72% | +0.26 pp |
| Q4 2016 | 2016-12-31 | 32.46% | −3.03 pp |
| Q3 2016 | 2016-09-30 | 26.38% | −1.87 pp |
| Q2 2016 | 2016-06-30 | 20.59% | −9.47 pp |
| Q1 2016 | 2016-03-31 | 20.46% | −1.94 pp |
| Q4 2015 | 2015-12-31 | 35.49% | +9.18 pp |
| Q3 2015 | 2015-09-30 | 28.24% | +28.87 pp |
| Q2 2015 | 2015-06-30 | 30.06% | +34.41 pp |
| Q1 2015 | 2015-03-31 | 22.40% | +23.59 pp |
| Q4 2014 | 2014-12-31 | 26.31% | +11.03 pp |
| Q3 2014 | 2014-09-30 | −0.63% | −13.39 pp |
| Q2 2014 | 2014-06-30 | −4.35% | −7.68 pp |
| Q1 2014 | 2014-03-31 | −1.19% | +0.50 pp |
| Q4 2013 | 2013-12-31 | 15.27% | +2.49 pp |
| Q3 2013 | 2013-09-30 | 12.76% | +3.43 pp |
| Q2 2013 | 2013-06-30 | 3.33% | −8.03 pp |
| Q1 2013 | 2013-03-31 | −1.69% | −7.15 pp |
| Q4 2012 | 2012-12-31 | 12.79% | — |
| Q3 2012 | 2012-09-30 | 9.33% | +4.67 pp |
| Q2 2012 | 2012-06-30 | 11.36% | +5.79 pp |
| Q1 2012 | 2012-03-31 | 5.45% | +1.60 pp |
| Q3 2011 | 2011-09-30 | 4.65% | −6.69 pp |
| Q2 2011 | 2011-06-30 | 5.58% | — |
| Q1 2011 | 2011-03-31 | 3.85% | — |
| Q3 2010 | 2010-09-30 | 11.34% | — |
Strategy ebitda margin trends
Over the last five fiscal years, Strategy's ebitda margin decreased from −0.06% to −1,135.48%, a change of −1135.42 percentage points. The latest reported quarter, Q2 2026, shows −6,798.02%.
About the metric
What EBITDA margin means
EBITDA margin measures EBITDA as a percentage of revenue. It can help compare operating profitability over time, but it excludes capital intensity, financing costs, taxes, and other items and is generally unsuitable for financial companies.
Calculation and source
How EBITDA margin is calculated
TickerStat calculates EBITDA margin as EBITDA divided by positive reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Strategy source filings ↗Community posts
Strategy’s bitcoin gains dominate a sharply higher quarterly profit
Strategy ($MSTR) reported third-quarter 2026 net income attributable to common shareholders of $19.12 billion, or $44.75 per diluted share, compared with $2.65 billion and $8.42 a year earlier. Operating income of $20.91 billion included an ...
Strategy spends $139.3 million on preferred-share repurchases
Strategy ($MSTR) repurchased approximately 1.42 million STRC preferred shares for $139.3 million during its latest reporting period. The purchases were funded from its USD Cash balance. It reported no bitcoin purchases or sales, leaving hol ...
Strategy doubles preferred-securities buyback authorisation to $2 billion
Strategy’s ($MSTR) board increased its digital credit securities repurchase authorisation from $1 billion to $2 billion, including purchases already made. The programme covers preferred securities, not MSTR common shares. The accompanying w ...
