Strategy (MSTR) FCF Margin (2010 - 2026)
Strategy (MSTR) reported FCF Margin of 10.49% for Q1 2026, up 1510.0% on a YoY basis from 0.65% in Q1 2025, and up 158.07% sequentially from 18.06% in Q4 2025.
Strategy (MSTR) FCF Margin (2010 - 2026) Analysis & Trends
Strategy (MSTR) has 17 years of FCF Margin data on file, last reported at 10.49% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin rose 1510.0% year-over-year to 10.49%; the trailing twelve-month figure through Mar 2026 stood at 11.68% (up 752.0% YoY), and the FY2025 full-year result was 15.81%, down 373.0% from the prior year.
- FCF Margin grew to 10.49% in Q1 2026, from 18.06% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 36.08% in Q1 2022 to a low of 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.
- Across the five-year window, FCF Margin slumped 2882 bps in 2024 and soared 2703 bps in 2025, its largest moves.
- Tracing MSTR's FCF Margin over 5 years: stood at 14.21% in 2022, then surged by 105 bps to 0.67% in 2023, then sank by 2270 bps to 14.59% in 2024, then fell by 24 bps to 18.06% in 2025, then jumped by 158 bps to 10.49% in 2026.
- Business Quant data shows MSTR's FCF Margin at 10.49% in Q1 2026, 18.06% in Q4 2025, and 8.63% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 39.26% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 15.02% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 17.31% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 58.89% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 11.86% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 36.83% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 16.73% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 20.82% |
| 10 | Strategy | 31.26 Bn | 29.06 Bn | 83.35 Mn | 10.49% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 10.49% |
| Dec 31, 2025 | -18.06% |
| Sep 30, 2025 | -8.63% |
| Jun 30, 2025 | -32.32% |
| Mar 31, 2025 | -4.62% |
| Dec 31, 2024 | -14.59% |
| Sep 30, 2024 | -35.66% |
| Jun 30, 2024 | -21.58% |
| Mar 31, 2024 | 23.46% |
| Dec 31, 2023 | 0.67% |
| Sep 30, 2023 | -6.84% |
| Jun 30, 2023 | -15.87% |
| Mar 31, 2023 | 30.27% |
| Dec 31, 2022 | -14.21% |
| Sep 30, 2022 | -1.42% |
| Jun 30, 2022 | -17.77% |
| Mar 31, 2022 | 36.08% |
| Dec 31, 2021 | 1.80% |
| Sep 30, 2021 | 10.45% |
| Jun 30, 2021 | 10.43% |