Strategy (MSTR) FCF Margin (2010 - 2026)

Strategy (MSTR) posted FCF Margin of 10.49% for Q1 2026, up 158.07% sequentially from 18.06% in Q4 2025, and up 1510.0% YoY from 0.65% in Q1 2025.

Strategy (MSTR) FCF Margin (2010 - 2026) Analysis & Trends

Strategy has reported FCF Margin for 17 years, with the latest figure at 10.49% in Q1 2026.

Quarterly FCF Margin rose 1510.0% year-over-year to 10.49% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 11.68% (up 752.0% YoY) and the FY2025 annual result came in at 15.81%, down 373.0% from the prior year.
FCF Margin grew to 10.49% in Q1 2026 per MSTR's latest filing, from 18.06% in the prior quarter.
Over five years, FCF Margin peaked at 36.08% in Q1 2022 and troughed at 35.66% in Q3 2024.
A 5-year average of 5.33% and a median of 8.63% in 2025 frame the typical range for FCF Margin.
The sharpest annual moves came in 2024 and 2025: FCF Margin plunged 2882 bps in 2024, then surged 2703 bps in 2025.
Over 5 years, FCF Margin stood at 14.21% in 2022, then surged by 105 bps to 0.67% in 2023, then plunged by 2270 bps to 14.59% in 2024, then slipped by 24 bps to 18.06% in 2025, then jumped by 158 bps to 10.49% in 2026.
According to Business Quant data, FCF Margin over the past three periods registered 10.49%, 18.06%, and 8.63% for Q1 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	FCF Margin (Qtr)
1	Sap Se	255.48 Bn	234.41 Bn	16.51 Bn	36.13%
2	Shopify	198.95 Bn	194.00 Bn	1.71 Bn	18.25%
3	Salesforce	160.70 Bn	148.86 Bn	8.56 Bn	58.89%
4	Uber Technologies	154.94 Bn	149.73 Bn	6.38 Bn	19.67%
5	ServiceNow	128.25 Bn	123.58 Bn	2.82 Bn	11.86%
6	Snowflake	114.00 Bn	111.05 Bn	926.45 Mn	16.73%
7	Automatic Data Processing	108.58 Bn	104.35 Bn	2.51 Bn	24.76%
8	Adobe	105.34 Bn	99.72 Bn	5.90 Bn	31.84%
9	Intuit	94.55 Bn	87.77 Bn	7.24 Bn	61.18%
10	Strategy	32.75 Bn	30.30 Bn	81.55 Mn	-4.83%

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