Strategy annual gross margin
2009
2010
2011
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2024
2025
Strategy Gross Margin Growth & History (MSTR)
Strategy's gross margin was 68.69% for fiscal 2025.
View full Strategy company overviewStrategy annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 68.69% | −3.37 pp |
| 2024 | 2024-12-31 | 72.06% | −5.78 pp |
| 2023 | 2023-12-31 | 77.85% | −1.53 pp |
| 2022 | 2022-12-31 | 79.37% | −2.63 pp |
| 2021 | 2021-12-31 | 82.01% | +0.95 pp |
| 2020 | 2020-12-31 | 81.06% | +1.62 pp |
| 2019 | 2019-12-31 | 79.44% | −0.56 pp |
| 2018 | 2018-12-31 | 80.01% | −0.81 pp |
| 2017 | 2017-12-31 | 80.82% | −1.05 pp |
| 2016 | 2016-12-31 | 81.86% | +0.95 pp |
| 2015 | 2015-12-31 | 80.92% | +4.24 pp |
| 2014 | 2014-12-31 | 76.68% | +0.74 pp |
| 2013 | 2013-12-31 | 75.94% | +0.88 pp |
| 2012 | 2012-12-31 | 75.06% | −0.61 pp |
| 2011 | 2011-12-31 | 75.67% | −0.99 pp |
| 2010 | 2010-12-31 | 76.66% | −5.71 pp |
| 2009 | 2009-12-31 | 82.37% | — |
Strategy quarterly gross margin
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Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 66.64% | −2.13 pp |
| Q1 2026 | 2026-03-31 | 67.06% | −2.35 pp |
| Q4 2025 | 2025-12-31 | 66.11% | −5.58 pp |
| Q3 2025 | 2025-09-30 | 70.46% | +0.05 pp |
| Q2 2025 | 2025-06-30 | 68.77% | −3.47 pp |
| Q1 2025 | 2025-03-31 | 69.41% | −4.54 pp |
| Q4 2024 | 2024-12-31 | 71.69% | −5.64 pp |
| Q3 2024 | 2024-09-30 | 70.41% | −9.00 pp |
| Q2 2024 | 2024-06-30 | 72.24% | −5.23 pp |
| Q1 2024 | 2024-03-31 | 73.96% | −3.13 pp |
| Q4 2023 | 2023-12-31 | 77.33% | −2.51 pp |
| Q3 2023 | 2023-09-30 | 79.41% | −0.34 pp |
| Q2 2023 | 2023-06-30 | 77.47% | −1.88 pp |
| Q1 2023 | 2023-03-31 | 77.08% | −1.39 pp |
| Q4 2022 | 2022-12-31 | 79.84% | −2.32 pp |
| Q3 2022 | 2022-09-30 | 79.75% | −2.81 pp |
| Q2 2022 | 2022-06-30 | 79.35% | −2.27 pp |
| Q1 2022 | 2022-03-31 | 78.47% | −3.18 pp |
| Q4 2021 | 2021-12-31 | 82.16% | −2.02 pp |
| Q3 2021 | 2021-09-30 | 82.56% | −0.38 pp |
| Q2 2021 | 2021-06-30 | 81.62% | +3.31 pp |
| Q1 2021 | 2021-03-31 | 81.65% | +3.68 pp |
| Q4 2020 | 2020-12-31 | 84.17% | +2.62 pp |
| Q3 2020 | 2020-09-30 | 82.94% | +2.84 pp |
| Q2 2020 | 2020-06-30 | 78.31% | −0.16 pp |
| Q1 2020 | 2020-03-31 | 77.97% | +0.66 pp |
| Q4 2019 | 2019-12-31 | 81.55% | +1.17 pp |
| Q3 2019 | 2019-09-30 | 80.10% | −0.75 pp |
| Q2 2019 | 2019-06-30 | 78.47% | −0.77 pp |
| Q1 2019 | 2019-03-31 | 77.31% | −2.21 pp |
| Q4 2018 | 2018-12-31 | 80.38% | −1.47 pp |
| Q3 2018 | 2018-09-30 | 80.85% | +0.21 pp |
| Q2 2018 | 2018-06-30 | 79.24% | −0.32 pp |
| Q1 2018 | 2018-03-31 | 79.52% | −1.56 pp |
| Q4 2017 | 2017-12-31 | 81.85% | −1.70 pp |
| Q3 2017 | 2017-09-30 | 80.65% | −1.70 pp |
| Q2 2017 | 2017-06-30 | 79.55% | −0.87 pp |
| Q1 2017 | 2017-03-31 | 81.08% | +0.25 pp |
| Q4 2016 | 2016-12-31 | 83.55% | −0.14 pp |
| Q3 2016 | 2016-09-30 | 82.34% | +1.40 pp |
| Q2 2016 | 2016-06-30 | 80.43% | −0.08 pp |
| Q1 2016 | 2016-03-31 | 80.82% | +2.70 pp |
| Q4 2015 | 2015-12-31 | 83.69% | +4.94 pp |
| Q3 2015 | 2015-09-30 | 80.94% | +4.06 pp |
| Q2 2015 | 2015-06-30 | 80.51% | +5.61 pp |
| Q1 2015 | 2015-03-31 | 78.12% | +2.06 pp |
| Q4 2014 | 2014-12-31 | 78.75% | −1.37 pp |
| Q3 2014 | 2014-09-30 | 76.88% | +0.31 pp |
| Q2 2014 | 2014-06-30 | 74.89% | +1.32 pp |
| Q1 2014 | 2014-03-31 | 76.06% | +3.64 pp |
| Q4 2013 | 2013-12-31 | 80.12% | +3.49 pp |
| Q3 2013 | 2013-09-30 | 76.57% | +2.18 pp |
| Q2 2013 | 2013-06-30 | 73.57% | −1.26 pp |
| Q1 2013 | 2013-03-31 | 72.42% | −1.75 pp |
| Q4 2012 | 2012-12-31 | 76.64% | −3.90 pp |
| Q3 2012 | 2012-09-30 | 74.39% | +0.27 pp |
| Q2 2012 | 2012-06-30 | 74.83% | −0.17 pp |
| Q1 2012 | 2012-03-31 | 74.17% | +1.35 pp |
| Q4 2011 | 2011-12-31 | 80.54% | +4.32 pp |
| Q3 2011 | 2011-09-30 | 74.13% | −3.23 pp |
| Q2 2011 | 2011-06-30 | 75.00% | — |
| Q1 2011 | 2011-03-31 | 72.83% | — |
| Q3 2010 | 2010-09-30 | 76.22% | — |
| Q2 2010 | 2010-06-30 | 77.36% | — |
Strategy gross margin trends
Over the last five reported fiscal years, Strategy's gross margin decreased from 81.06% to 68.69%, a change of −12.37 percentage points. The latest reported quarter, Q2 2026, shows 66.64%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-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 filings at SEC.gov ↗