Strategy annual operating margin
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2025
Strategy Operating Margin Growth & History (MSTR)
Strategy's operating margin was −1,140.82% for fiscal 2025.
View full Strategy company overviewStrategy annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | −1,140.82% | −741.01 pp |
| 2024 | 2024-12-31 | −399.82% | −376.63 pp |
| 2023 | 2023-12-31 | −23.18% | +232.34 pp |
| 2022 | 2022-12-31 | −255.52% | −101.93 pp |
| 2021 | 2021-12-31 | −153.60% | −150.77 pp |
| 2020 | 2020-12-31 | −2.83% | −2.63 pp |
| 2019 | 2019-12-31 | −0.21% | −1.01 pp |
| 2018 | 2018-12-31 | 0.80% | −13.73 pp |
| 2017 | 2017-12-31 | 14.53% | −6.79 pp |
| 2016 | 2016-12-31 | 21.32% | −3.97 pp |
| 2015 | 2015-12-31 | 25.29% | +24.41 pp |
| 2014 | 2014-12-31 | 0.88% | −2.50 pp |
| 2013 | 2013-12-31 | 3.38% | −2.48 pp |
| 2012 | 2012-12-31 | 5.85% | +1.97 pp |
| 2011 | 2011-12-31 | 3.88% | −7.24 pp |
| 2010 | 2010-12-31 | 11.13% | −11.72 pp |
| 2009 | 2009-12-31 | 22.84% | — |
Strategy quarterly operating margin
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| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | −6,808.11% | −19064.41 pp |
| Q1 2026 | 2026-03-31 | −11,641.53% | −6310.09 pp |
| Q4 2025 | 2025-12-31 | −14,184.97% | −13342.84 pp |
| Q3 2025 | 2025-09-30 | 3,023.40% | +3396.09 pp |
| Q2 2025 | 2025-06-30 | 12,256.30% | +12436.01 pp |
| Q1 2025 | 2025-03-31 | −5,331.44% | −5154.68 pp |
| Q4 2024 | 2024-12-31 | −842.13% | −807.76 pp |
| Q3 2024 | 2024-09-30 | −372.69% | −353.19 pp |
| Q2 2024 | 2024-06-30 | −179.71% | −157.53 pp |
| Q1 2024 | 2024-03-31 | −176.75% | −160.10 pp |
| Q4 2023 | 2023-12-31 | −34.37% | +111.77 pp |
| Q3 2023 | 2023-09-30 | −19.50% | −24.33 pp |
| Q2 2023 | 2023-06-30 | −22.18% | +729.93 pp |
| Q1 2023 | 2023-03-31 | −16.66% | +125.84 pp |
| Q4 2022 | 2022-12-31 | −146.14% | −43.95 pp |
| Q3 2022 | 2022-09-30 | 4.83% | +43.63 pp |
| Q2 2022 | 2022-06-30 | −752.11% | −421.64 pp |
| Q1 2022 | 2022-03-31 | −142.49% | +6.53 pp |
| Q4 2021 | 2021-12-31 | −102.19% | −102.49 pp |
| Q3 2021 | 2021-09-30 | −38.80% | −22.89 pp |
| Q2 2021 | 2021-06-30 | −330.47% | −336.19 pp |
| Q1 2021 | 2021-03-31 | −149.02% | −148.96 pp |
| Q4 2020 | 2020-12-31 | 0.30% | −6.91 pp |
| Q3 2020 | 2020-09-30 | −15.91% | −19.74 pp |
| Q2 2020 | 2020-06-30 | 5.72% | +9.82 pp |
| Q1 2020 | 2020-03-31 | −0.06% | +8.94 pp |
| Q4 2019 | 2019-12-31 | 7.21% | +8.85 pp |
| Q3 2019 | 2019-09-30 | 3.83% | −2.08 pp |
| Q2 2019 | 2019-06-30 | −4.10% | −2.61 pp |
| Q1 2019 | 2019-03-31 | −9.00% | −9.58 pp |
| Q4 2018 | 2018-12-31 | −1.64% | −14.20 pp |
| Q3 2018 | 2018-09-30 | 5.91% | −10.89 pp |
| Q2 2018 | 2018-06-30 | −1.49% | −13.30 pp |
| Q1 2018 | 2018-03-31 | 0.58% | −16.46 pp |
| Q4 2017 | 2017-12-31 | 12.57% | −14.73 pp |
| Q3 2017 | 2017-09-30 | 16.80% | −6.30 pp |
| Q2 2017 | 2017-06-30 | 11.81% | −5.31 pp |
| Q1 2017 | 2017-03-31 | 17.05% | +0.41 pp |
| Q4 2016 | 2016-12-31 | 27.29% | −4.68 pp |
| Q3 2016 | 2016-09-30 | 23.10% | −0.62 pp |
| Q2 2016 | 2016-06-30 | 17.12% | −9.02 pp |
| Q1 2016 | 2016-03-31 | 16.63% | −1.65 pp |
| Q4 2015 | 2015-12-31 | 31.98% | +9.70 pp |
| Q3 2015 | 2015-09-30 | 23.72% | +28.35 pp |
| Q2 2015 | 2015-06-30 | 26.14% | +35.11 pp |
| Q1 2015 | 2015-03-31 | 18.28% | +24.33 pp |
| Q4 2014 | 2014-12-31 | 22.28% | +11.12 pp |
| Q3 2014 | 2014-09-30 | −4.63% | −12.82 pp |
| Q2 2014 | 2014-06-30 | −8.97% | −7.49 pp |
| Q1 2014 | 2014-03-31 | −6.05% | +0.60 pp |
| Q4 2013 | 2013-12-31 | 11.17% | +2.39 pp |
| Q3 2013 | 2013-09-30 | 8.19% | +2.83 pp |
| Q2 2013 | 2013-06-30 | −1.49% | −9.23 pp |
| Q1 2013 | 2013-03-31 | −6.65% | −7.83 pp |
| Q4 2012 | 2012-12-31 | 8.77% | −2.15 pp |
| Q3 2012 | 2012-09-30 | 5.37% | +4.28 pp |
| Q2 2012 | 2012-06-30 | 7.75% | +5.24 pp |
| Q1 2012 | 2012-03-31 | 1.17% | +0.29 pp |
| Q4 2011 | 2011-12-31 | 10.92% | +2.37 pp |
| Q3 2011 | 2011-09-30 | 1.08% | −12.25 pp |
| Q2 2011 | 2011-06-30 | 2.51% | — |
| Q1 2011 | 2011-03-31 | 0.88% | — |
| Q3 2010 | 2010-09-30 | 8.55% | — |
| Q2 2010 | 2010-06-30 | 13.34% | — |
Strategy operating margin trends
Over the last five reported fiscal years, Strategy's operating margin decreased from −2.83% to −1,140.82%, a change of −1137.99 percentage points. The latest reported quarter, Q2 2026, shows −6,808.11%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income 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 ↗