Strategy (MSTR) EBITDA Margin (2010 - 2026)
Strategy's EBITDA Margin came in at -6793.01% for Q2 2026, down 19062.86 percentage points from 12269.85% a year earlier but up 4836.21 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 -7284.03%, down 8735.35 percentage points year-over-year; for FY2025, it came in at -1130.15%, down 737.49 percentage points from FY2024.
- EBITDA Margin carries a five-year change of -1130.41 percentage points (FY2020 to FY2025).
- Going back by year, EBITDA Margin was -392.67% in FY2024 (-374.19 pp), -18.48% in FY2023 (+233.12 pp), -251.61% in FY2022 (-101.64 pp) and -149.97% in FY2021 (-150.23 pp).
- The five-year range for quarterly EBITDA Margin is -14175.10% (Q4 2025) to 12269.85% (Q2 2025).
- Year-over-year, EBITDA Margin has declined for three consecutive quarters, with an average year-over-year change of -3647.08 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 12442.84 percentage points), and the weakest in Q2 2026 (a drop of 19062.86 percentage points).
- Business Quant data shows MSTR's EBITDA Margin at -11629.22% (Q1 2026), -14175.10% (Q4 2025) and 3031.68% (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 | 413.65 Bn | 378.59 Bn | 1.93 Bn | 47.20% |
| 2 | Oracle | 374.28 Bn | 246.84 Bn | - | 52.36% |
| 3 | Sap Se | 294.90 Bn | 222.88 Bn | 8.64 Bn | 31.77% |
| 4 | Salesforce | 186.99 Bn | 142.87 Bn | 8.70 Bn | 34.25% |
| 5 | Automatic Data Processing | 120.08 Bn | 106.87 Bn | 2.53 Bn | -21.73% |
| 6 | ServiceNow | 113.02 Bn | 92.28 Bn | 2.90 Bn | 23.23% |
| 7 | Intuit | 95.72 Bn | 75.07 Bn | 3.44 Bn | 15.92% |
| 8 | Relx | 74.73 Bn | 73.84 Bn | - | - |
| 9 | Strategy | 57.35 Bn | 44.49 Bn | 89.63 Mn | 16,684.34% |
| 10 | Thomson Reuters | 52.16 Bn | 48.13 Bn | - | 24.50% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 16,684.34% |
| Jun 30, 2026 | -6,793.01% |
| Mar 31, 2026 | -11,629.22% |
| Dec 31, 2025 | -14,175.10% |
| Sep 30, 2025 | 3,031.68% |
| Jun 30, 2025 | 12,269.85% |
| Mar 31, 2025 | -5,320.07% |
| Dec 31, 2024 | -833.65% |
| Sep 30, 2024 | -364.24% |
| Jun 30, 2024 | -172.99% |
| Mar 31, 2024 | -171.89% |
| Dec 31, 2023 | -28.48% |
| Sep 30, 2023 | -15.68% |
| Jun 30, 2023 | -17.68% |
| Mar 31, 2023 | -12.03% |
| Dec 31, 2022 | -141.49% |
| Sep 30, 2022 | 8.30% |
| Jun 30, 2022 | -748.63% |
| Mar 31, 2022 | -138.45% |
| Dec 31, 2021 | -98.60% |
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();