Strategy (MSTR) EBITDA Margin (2010 - 2026)
Strategy's EBITDA Margin came in at -6798.02% for Q2 2026, down 19062.28 percentage points from 12264.26% a year earlier but up 4836.45 percentage points from the prior quarter.
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Analysis
Strategy (MSTR) EBITDA Margin (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Strategy reported EBITDA Margin of -7289.17%, down 8735.86 percentage points year-over-year; for FY2025, it came in at -1135.48%, down 739.50 percentage points from FY2024.
- EBITDA Margin carries a five-year change of -1135.42 percentage points (FY2020 to FY2025).
- Going back by year, EBITDA Margin was -395.98% in FY2024 (-375.72 pp), -20.26% in FY2023 (+233.09 pp), -253.35% in FY2022 (-101.97 pp) and -151.38% in FY2021 (-151.31 pp).
- The five-year range for quarterly EBITDA Margin is -14180.39% (Q4 2025) to 12264.26% (Q2 2025).
- Year-over-year, EBITDA Margin has declined for three consecutive quarters, with an average year-over-year change of -3648.50 percentage points over the last eight quarters.
- The fastest year-over-year change in EBITDA Margin over five years came in Q2 2025 (a gain of 12440.70 percentage points), and the weakest in Q2 2026 (a drop of 19062.28 percentage points).
- Business Quant data shows MSTR's EBITDA Margin at -11634.46% (Q1 2026), -14180.39% (Q4 2025) and 3026.66% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 450.50 Bn | 419.56 Bn | 1.64 Bn | 47.55% |
| 2 | Oracle | 401.01 Bn | 273.57 Bn | - | 52.36% |
| 3 | Sap Se | 257.03 Bn | 178.11 Bn | 8.40 Bn | 29.96% |
| 4 | Salesforce | 187.04 Bn | 142.92 Bn | 8.70 Bn | 34.25% |
| 5 | ServiceNow | 135.91 Bn | 114.37 Bn | 2.82 Bn | 18.59% |
| 6 | Automatic Data Processing | 104.14 Bn | 86.27 Bn | 2.51 Bn | -25.13% |
| 7 | Intuit | 72.30 Bn | 51.65 Bn | 3.44 Bn | 15.92% |
| 8 | Relx | 60.17 Bn | 57.14 Bn | - | - |
| 9 | Strategy | 55.31 Bn | 48.30 Bn | 81.55 Mn | -6,798.02% |
| 10 | Workday | 45.49 Bn | 21.61 Bn | 2.00 Bn | 17.06% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -6,798.02% |
| Mar 31, 2026 | -11,634.46% |
| Dec 31, 2025 | -14,180.39% |
| Sep 30, 2025 | 3,026.66% |
| Jun 30, 2025 | 12,264.26% |
| Mar 31, 2025 | -5,325.52% |
| Dec 31, 2024 | -837.88% |
| Sep 30, 2024 | -367.54% |
| Jun 30, 2024 | -176.44% |
| Mar 31, 2024 | -174.11% |
| Dec 31, 2023 | -30.26% |
| Sep 30, 2023 | -17.38% |
| Jun 30, 2023 | -19.50% |
| Mar 31, 2023 | -13.84% |
| Dec 31, 2022 | -143.16% |
| Sep 30, 2022 | 6.55% |
| Jun 30, 2022 | -750.41% |
| Mar 31, 2022 | -140.24% |
| Dec 31, 2021 | -100.17% |
| Sep 30, 2021 | -36.74% |
API Access
Strategy EBITDA Margin 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=ebitda-margin&ticker=MSTR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "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=ebitda-margin&ticker=MSTR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();