Strategy annual return on equity
2010
2011
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2025
Strategy Return on Equity (ROE) Growth & History (MSTR)
Strategy's return on equity was −10.25% for fiscal 2025.
View full Strategy company overviewStrategy annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | −10.25% | −3.21 pp |
| 2024 | 2024-12-31 | −7.04% | −55.21 pp |
| 2023 | 2023-12-31 | 48.17% | +541.52 pp |
| 2022 | 2022-12-31 | −493.35% | −418.21 pp |
| 2021 | 2021-12-31 | −75.15% | −73.57 pp |
| 2020 | 2020-12-31 | −1.58% | −8.19 pp |
| 2019 | 2019-12-31 | 6.62% | +2.65 pp |
| 2018 | 2018-12-31 | 3.96% | +0.86 pp |
| 2017 | 2017-12-31 | 3.10% | −14.95 pp |
| 2016 | 2016-12-31 | 18.06% | −9.11 pp |
| 2015 | 2015-12-31 | 27.17% | +25.58 pp |
| 2014 | 2014-12-31 | 1.59% | −31.05 pp |
| 2013 | 2013-12-31 | 32.64% | +21.51 pp |
| 2012 | 2012-12-31 | 11.13% | −0.15 pp |
| 2011 | 2011-12-31 | 11.28% | −12.82 pp |
| 2010 | 2010-12-31 | 24.10% | — |
Strategy quarterly return on equity
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Q2.26
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | −24.34% | −49.49 pp |
| Q1 2026 | 2026-03-31 | −31.06% | −17.71 pp |
| Q4 2025 | 2025-12-31 | −25.79% | −21.93 pp |
| Q3 2025 | 2025-09-30 | 5.58% | +15.88 pp |
| Q2 2025 | 2025-06-30 | 25.15% | +29.07 pp |
| Q1 2025 | 2025-03-31 | −13.35% | −11.02 pp |
| Q4 2024 | 2024-12-31 | −3.86% | −9.79 pp |
| Q3 2024 | 2024-09-30 | −10.30% | +6.99 pp |
| Q2 2024 | 2024-06-30 | −3.92% | −7.44 pp |
| Q1 2024 | 2024-03-31 | −2.33% | −1537.31 pp |
| Q4 2023 | 2023-12-31 | 5.93% | — |
| Q3 2023 | 2023-09-30 | −17.29% | — |
| Q2 2023 | 2023-06-30 | 3.52% | +317.85 pp |
| Q1 2023 | 2023-03-31 | 1,534.98% | +1549.18 pp |
| Q2 2022 | 2022-06-30 | −314.32% | −179.01 pp |
| Q1 2022 | 2022-03-31 | −14.20% | +12.93 pp |
| Q4 2021 | 2021-12-31 | −12.49% | −13.13 pp |
| Q3 2021 | 2021-09-30 | −13.42% | −10.06 pp |
| Q2 2021 | 2021-06-30 | −135.31% | −136.05 pp |
| Q1 2021 | 2021-03-31 | −27.12% | −27.26 pp |
| Q4 2020 | 2020-12-31 | 0.64% | −1.74 pp |
| Q3 2020 | 2020-09-30 | −3.36% | −5.26 pp |
| Q2 2020 | 2020-06-30 | 0.74% | −3.42 pp |
| Q1 2020 | 2020-03-31 | 0.14% | +1.70 pp |
| Q4 2019 | 2019-12-31 | 2.38% | +1.81 pp |
| Q3 2019 | 2019-09-30 | 1.91% | −0.12 pp |
| Q2 2019 | 2019-06-30 | 4.16% | +3.38 pp |
| Q1 2019 | 2019-03-31 | −1.57% | −1.84 pp |
| Q4 2018 | 2018-12-31 | 0.57% | +4.75 pp |
| Q3 2018 | 2018-09-30 | 2.02% | −1.00 pp |
| Q2 2018 | 2018-06-30 | 0.78% | −0.93 pp |
| Q1 2018 | 2018-03-31 | 0.27% | −2.46 pp |
| Q4 2017 | 2017-12-31 | −4.19% | −9.92 pp |
| Q3 2017 | 2017-09-30 | 3.03% | −2.25 pp |
| Q2 2017 | 2017-06-30 | 1.71% | −2.23 pp |
| Q1 2017 | 2017-03-31 | 2.73% | −0.36 pp |
| Q4 2016 | 2016-12-31 | 5.73% | −3.32 pp |
| Q3 2016 | 2016-09-30 | 5.28% | −0.78 pp |
| Q2 2016 | 2016-06-30 | 3.94% | −2.22 pp |
| Q1 2016 | 2016-03-31 | 3.09% | −2.99 pp |
| Q4 2015 | 2015-12-31 | 9.06% | +1.77 pp |
| Q3 2015 | 2015-09-30 | 6.05% | +6.34 pp |
| Q2 2015 | 2015-06-30 | 6.16% | +9.59 pp |
| Q1 2015 | 2015-03-31 | 6.08% | +8.19 pp |
| Q4 2014 | 2014-12-31 | 7.28% | +1.92 pp |
| Q3 2014 | 2014-09-30 | −0.28% | −6.35 pp |
| Q2 2014 | 2014-06-30 | −3.42% | −2.86 pp |
| Q1 2014 | 2014-03-31 | −2.10% | −23.82 pp |
| Q4 2013 | 2013-12-31 | 5.36% | +1.14 pp |
| Q3 2013 | 2013-09-30 | 6.06% | +3.49 pp |
| Q2 2013 | 2013-06-30 | −0.57% | −4.72 pp |
| Q1 2013 | 2013-03-31 | 21.72% | +21.56 pp |
| Q4 2012 | 2012-12-31 | 4.22% | −1.19 pp |
| Q3 2012 | 2012-09-30 | 2.58% | −0.49 pp |
| Q2 2012 | 2012-06-30 | 4.16% | +2.27 pp |
| Q1 2012 | 2012-03-31 | 0.16% | — |
| Q4 2011 | 2011-12-31 | 5.41% | — |
| Q3 2011 | 2011-09-30 | 3.07% | — |
| Q2 2011 | 2011-06-30 | 1.89% | — |
Strategy return on equity trends
Over the last five fiscal years, Strategy's return on equity decreased from −1.58% to −10.25%, a change of −8.67 percentage points. The latest reported quarter, Q2 2026, shows −24.34%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Strategy source filings ↗Community posts
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 ...