Strategy (MSTR) Capital Expenditures (2010 - 2026)
Strategy (MSTR) recorded Capital Expenditures of $1.77 million in Q2 2026, down 15.6% from $2.09 million a year earlier but up 85.6% from the prior quarter.
Powered by 
Analysis
Strategy (MSTR) Capital Expenditures (2010 - 2026) Analysis & Trends
On a TTM basis, Strategy's Capital Expenditures came in at $6.1 million as of Jun 30, 2026, up 10.1% year-over-year; for FY2025, it was $8.21 million, up 175.8% from FY2024.
- Annual Capital Expenditures has increased for three straight years, with a five-year compound annual growth rate of 17.6% (FY2020 to FY2025).
- Across earlier years, Capital Expenditures came in at $2.98 million in FY2024 (+1.4%), $2.94 million in FY2023 (+18.2%), $2.49 million in FY2022 (-8.1%) and $2.71 million in FY2021 (-25.9%).
- Quarterly Capital Expenditures has ranged from $284,000 in Q4 2024 to $2.8 million in Q3 2025 over the past five years.
- On a year-over-year basis, Capital Expenditures rose in four of the last eight quarters, with growth averaging 94.9%.
- Peak year-over-year performance for Capital Expenditures in the last five years was growth of 556.6% in Q3 2025, against a decline of 70.7% in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $952,000 (Q1 2026), $584,000 (Q4 2025) and $2.8 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 480.73 Bn | 449.68 Bn | 1.64 Bn | 14.55 Mn |
| 2 | Oracle | 399.91 Bn | 272.04 Bn | - | 28.50 Bn |
| 3 | Sap Se | 262.30 Bn | 190.08 Bn | 8.40 Bn | -134.83 Mn |
| 4 | Salesforce | 202.26 Bn | 158.13 Bn | 8.70 Bn | 171.00 Mn |
| 5 | ServiceNow | 153.84 Bn | 132.30 Bn | 2.82 Bn | 114.00 Mn |
| 6 | Automatic Data Processing | 114.84 Bn | 96.97 Bn | 2.51 Bn | 72.80 Mn |
| 7 | Intuit | 91.04 Bn | 70.38 Bn | 3.44 Bn | 27.00 Mn |
| 8 | Relx | 70.51 Bn | 69.60 Bn | - | - |
| 9 | Strategy | 53.24 Bn | 46.23 Bn | 81.55 Mn | 1.77 Mn |
| 10 | Thomson Reuters | 48.40 Bn | 45.18 Bn | - | 177.00 Mn |
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();