Strategy (MSTR) FCF Margin (2010 - 2026)
Strategy recorded quarterly FCF Margin of 10.49% in Q1 2026, up 158.07% quarter-over-quarter from 18.06% in Q4 2025, and up 1510.0% year-over-year from 0.65% in Q1 2025.
Strategy's FCF Margin history runs 17 years deep, the most recent figure standing at 10.49% for Q1 2026.
- In Q1 2026, FCF Margin rose 1510.0% year-over-year to 10.49%; the TTM figure through Mar 2026 stood at 11.68% (up 752.0% YoY), while the FY2025 annual figure was 15.81%, down 373.0% from the prior year.
- FCF Margin came in at 10.49% for Q1 2026 at Strategy, up 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 tumbled 2882 bps in 2024 and jumped 2703 bps in 2025, its largest moves.
- Strategy's FCF Margin stood at 14.21% in 2022, then jumped by 105 bps to 0.67% in 2023, then tumbled by 2270 bps to 14.59% in 2024, then decreased by 24 bps to 18.06% in 2025, then soared 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 36.77% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 47.52% |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 17.31% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 15.02% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 41.64% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 20.82% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 45.65% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 36.83% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 61.18% |
| 10 | Strategy | 53.39 Bn | 53.39 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% |
| Mar 31, 2021 | 50.65% |
| Dec 31, 2020 | 17.39% |
| Sep 30, 2020 | 1.39% |
| Jun 30, 2020 | -2.76% |
| Mar 31, 2020 | 25.50% |
| Dec 31, 2019 | 5.80% |
| Sep 30, 2019 | 1.81% |
| Jun 30, 2019 | 17.26% |
| Mar 31, 2019 | 17.72% |
| Dec 31, 2018 | -11.38% |
| Sep 30, 2018 | -1.55% |
| Jun 30, 2018 | 2.70% |
| Mar 31, 2018 | 14.17% |
| Dec 31, 2017 | 20.05% |
| Sep 30, 2017 | 9.01% |
| Jun 30, 2017 | 8.34% |
| Mar 31, 2017 | 21.03% |
| Dec 31, 2016 | 11.26% |
| Sep 30, 2016 | 20.68% |
| Jun 30, 2016 | 12.16% |
| Mar 31, 2016 | 42.54% |
| Dec 31, 2015 | 18.20% |
| Sep 30, 2015 | 24.17% |
| Jun 30, 2015 | 25.93% |
| Mar 31, 2015 | 43.84% |
| Dec 31, 2014 | -1.52% |
| Sep 30, 2014 | -3.78% |
| Jun 30, 2014 | 0.76% |
| Mar 31, 2014 | 6.60% |
| Dec 31, 2013 | 8.63% |
| Sep 30, 2013 | 21.21% |
| Jun 30, 2013 | -7.16% |
| Mar 31, 2013 | -11.52% |
| Dec 31, 2012 | 5.28% |
| Sep 30, 2012 | 11.12% |
| Jun 30, 2012 | -7.32% |
| Mar 31, 2012 | 6.56% |
| Dec 31, 2011 | 16.90% |
| Sep 30, 2011 | -6.64% |
| Jun 30, 2011 | -8.12% |
| Mar 31, 2011 | 19.57% |
| Dec 31, 2010 | 11.08% |
| Sep 30, 2010 | 14.88% |