Strategy (MSTR) Capital Expenditures (2010 - 2026)
Strategy's (MSTR) quarterly Capital Expenditures came in at $6.4 billion in Q2 2026, down 5.14% year-over-year from $6.8 billion in Q2 2025, and down 11.45% quarter-over-quarter from $7.3 billion in Q1 2026.
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Analysis
Strategy (MSTR) Capital Expenditures (2010 - 2026) Analysis & Trends
Strategy has disclosed Capital Expenditures across 17 years of filings, most recently posting $6.4 billion for Q2 2026.
- In Q2 2026, Capital Expenditures fell 5.14% year-over-year to $6.4 billion; the TTM figure through Jun 2026 stood at $21.7 billion (down 40.53% YoY), while the FY2025 annual figure was $22.5 billion, up 1.79% from the prior year.
- Capital Expenditures came in at $6.4 billion for Q2 2026 at Strategy, down from $7.3 billion in the prior quarter.
- In the past five years, Capital Expenditures ranged from a high of $22.5 billion in Q4 2025 to a low of -$14.4 billion in Q3 2025.
- Average Capital Expenditures over 5 years is $3.3 billion, with a median of $1.2 million recorded in 2022.
- The largest YoY upside for Capital Expenditures was 936166.25% in 2025 against a maximum downside of 3385837.09% in 2025.
- Over 5 years, Capital Expenditures stood at $635000.0 in 2022, then surged by 299066.61% to $1.9 billion in 2023, then jumped by 1061.76% to $22.1 billion in 2024, then gained by 1.76% to $22.5 billion in 2025, then sank by 71.41% to $6.4 billion in 2026.
- Per Business Quant data, the three most recent Capital Expenditures figures were $6.4 billion in Q2 2026, $7.3 billion in Q1 2026, and $22.5 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 460.85 Bn | 451.55 Bn | 1.64 Bn | 14.55 Mn |
| 2 | Oracle | 437.09 Bn | 400.44 Bn | - | 28.50 Bn |
| 3 | Sap Se | 258.74 Bn | 237.66 Bn | 8.40 Bn | -134.83 Mn |
| 4 | Salesforce | 195.52 Bn | 184.12 Bn | 8.70 Bn | 171.00 Mn |
| 5 | ServiceNow | 145.61 Bn | 140.94 Bn | 2.82 Bn | 114.00 Mn |
| 6 | Automatic Data Processing | 104.89 Bn | 100.66 Bn | 2.51 Bn | 72.80 Mn |
| 7 | Intuit | 76.97 Bn | 69.77 Bn | 3.46 Bn | 27.00 Mn |
| 8 | Relx | 60.41 Bn | 60.04 Bn | - | - |
| 9 | Strategy | 57.09 Bn | 54.64 Bn | 81.55 Mn | 6.42 Bn |
| 10 | Workday | 46.40 Bn | 42.99 Bn | 2.21 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.77 Mn |
| Mar 31, 2026 | 952,000.00 |
| Dec 31, 2025 | 584,000.00 |
| Sep 30, 2025 | 2.80 Mn |
| Jun 30, 2025 | 2.09 Mn |
| Mar 31, 2025 | 2.74 Mn |
| Dec 31, 2024 | 284,000.00 |
| Sep 30, 2024 | 426,000.00 |
| Jun 30, 2024 | 723,000.00 |
| Mar 31, 2024 | 1.55 Mn |
| Dec 31, 2023 | 347,000.00 |
| Sep 30, 2023 | 1.45 Mn |
| Jun 30, 2023 | 639,000.00 |
| Mar 31, 2023 | 499,000.00 |
| Dec 31, 2022 | 635,000.00 |
| Sep 30, 2022 | 332,000.00 |
| Jun 30, 2022 | 878,000.00 |
| Mar 31, 2022 | 641,000.00 |
| Dec 31, 2021 | 824,000.00 |
| Sep 30, 2021 | 540,000.00 |
API Access
Strategy Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=MSTR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "MSTR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=MSTR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();